secwatch.observer — SEC 8-K summary
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Issuer:     BKV Corp (BKV)
CIK:        0001838406
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001628280-24-046840
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BKV reports Q3 2024 net income $12.9M, revenue $173.1M; first public earnings
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- Net income $12.9M ($0.18 diluted EPS) vs $18.6M in Q3 2023; Adjusted Net Loss $(18.6)M.
- Revenue $173.1M, down from $191.4M YoY due to lower natural gas prices and volumes.
- Completed IPO of 15M shares on Sept 27, 2024; net debt $158.7M, leverage 0.8x.
- Average realized gas price $1.58/MMBtu ex hedges ($2.21/MMBtu with hedges); production 762.6 MMcfe/d.
- Adjusted Free Cash Flow $19.6M vs negative $11.2M in prior year; margin 14.2%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838406/000162828024046840/0001628280-24-046840-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838406/000162828024046840/bkv-20241112.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-046840

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer