Impressive Upstream Performance
BKV's upstream business exceeded the midpoint of guidance by 5%, with fourth-quarter production at 774 million cubic feet equivalent per day and maintained a strong cash engine for the company.
Power Business Growth Potential
BKV's Power JV operates two combined cycle natural gas power plants with a capacity of 1,500 megawatts, providing growth opportunities in ERCOT due to increasing power demand, especially from data centers and AI.
Successful IPO
BKV made a significant milestone by debuting on the New York Stock Exchange, marking a major achievement for the company.
Advancements in CCUS Initiatives
BKV progressed with an additional FID on a new carbon capture project and is in exclusive negotiations with a global energy transition investor for a joint venture in their CCUS business.
Strong Financial Position
BKV maintained a strong balance sheet with a net leverage ratio of 0.65x and total liquidity of $436 million at year-end.