other material
confidence high
sentiment neutral
materiality 0.50
BKV files updated pro forma financials for Bedrock Acquisition; pro forma net income $96.4M
BKV Corp
- Pro forma net income attributable to BKV $96.4M for 9M ended Sep 30, 2025 (basic EPS $1.06) vs historical $102.8M ($1.20).
- Revenue pro forma $784.1M; historical $678.7M. Adjustments reflect Bedrock Acquisition and financing.
- Total consideration for Bedrock Acquisition $397.7M: $124.2M stock (5.2M shares at $23.74) plus cash; $53.1M due Dec 31, 2025.
- Financing: $500M senior notes at 7.5% due 2030, $200M RBL paydown; pro forma interest expense +$7.6M.
- Acquisition accounted for as asset acquisition; purchase price allocation to be finalized by Dec 31, 2025.