BKV Corporation ( (BKV) ) has released its Q4 earnings. Here is a breakdown of the information BKV Corporation presented to its investors.
BKV Corporation is a Denver-based energy company specializing in natural gas production, power generation, and carbon capture, utilization, and sequestration (CCUS), and is recognized as one of the top 20 gas-weighted natural gas producers in the United States.
In its latest earnings report, BKV Corporation revealed its financial and operational results for the fourth quarter and full year 2024, highlighting a return to profitability in the fourth quarter with an adjusted net income of $0.8 million. The company also provided guidance for 2025, emphasizing its focus on growth and operational excellence.
Key financial metrics from the report include a fourth-quarter adjusted EBITDAX of $71.9 million and a full-year adjusted free cash flow of $91.6 million. The company reported a net production of 774.5 MMcfe/d in the fourth quarter, exceeding its guidance range, and capital expenditures were kept below expectations at $60.3 million. BKV’s Power JV contributed significantly with a total power generation of 7,360 GWh for the year.
BKV’s strategic initiatives include advancing its CCUS projects, with the Barnett Zero project sequestering 165,069 metric tons of CO2 equivalent in 2024. The company is also preparing for new CCUS projects in Texas, expected to commence in 2026, and is actively seeking partnerships to support its long-term vision.
Looking ahead, BKV Corporation is optimistic about 2025, with plans to capitalize on favorable macroeconomic trends and increased demand in the energy sector. The company aims to leverage its integrated business model to drive growth and enhance shareholder value.