BKV Corp. reports Q4 EPS 1c, consensus (14c)

Reports Q4 revenue $ $119.78M, consensus $183.77M. Reports adjusted EBITDAX of $71.9M; Implied proportionate share of Power JV Adjusted EBITDA of $0.5 million; Net cash provided by operating activities of $43.8 million; Adjusted Free Cash Flow of $5.4 million; Barnett Zero quarterly sequestration of 44,437 metric tons of CO2 equivalent… “In the fourth quarter of 2024, BKV continued to demonstrate strong performance in each of our business lines,” said Chris Kalnin, Chief Executive Officer of BKV. “With the close of our first fiscal year as a public company we are looking forward to an exciting 2025. We continue to prioritize delivering on our current operations goals for each business line, executing on our ambitious growth strategies, and capitalizing on increased opportunities in the power and energy solutions arenas. Our integrated approach, combining natural gas upstream and midstream, power generation, and CCUS provides a winning formula to meet the expected surge in AI-driven demand. We remain dedicated to advancing our CCUS business, and the recent and projected strength in natural gas prices elevates the core of our business, our natural gas upstream operations. BKV’s financial strength, strong operational performance, and the favorable macroeconomic trends we see across each of our business lines position us for continued success in 2025.”