BKV Corp
For the period ended Mar 31, 2025. Filed May 9, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 9, 2025
BKV$17.55-3.0%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $15,299 | $14,868 |
| Accounts receivable, net | 61,258 | 54,435 |
| Accounts receivable, related parties | 11,725 | 11,414 |
| Prepaid expenses | 5,027 | 7,638 |
| Inventory | 6,079 | 6,255 |
| Commodity derivative assets, current | 194 | — |
| Asset held for sale | 5,500 | — |
| Total current assets | 105,082 | 94,610 |
| Natural gas properties | ||
| Developed properties | 2,364,068 | 2,315,167 |
| Undeveloped properties | 10,863 | 10,757 |
| Midstream assets | 276,742 | 276,644 |
| Accumulated depreciation, depletion, and amortization | (747,720) | (714,287) |
| Total natural gas properties, net | 1,903,953 | 1,888,281 |
| Other property and equipment, net | 94,781 | 97,300 |
| Goodwill | 18,417 | 18,417 |
| Investment in joint venture | 105,588 | 115,173 |
| Commodity derivative assets | 6,567 | — |
| Other noncurrent assets | 16,619 | 17,307 |
| Total assets | $2,251,007 | $2,231,088 |
| Liabilities and stockholders' equity | ||
| Current liabilities | ||
| Accounts payable and accrued liabilities | $105,471 | $121,366 |
| Contingent consideration payable | — | 20,000 |
| Commodity derivative liabilities, current | 141,934 | 20,277 |
| Income taxes payable to related party | 1,868 | 1,438 |
| Other current liabilities | 4,284 | 3,124 |
| Total current liabilities | 253,557 | 166,205 |
| Asset retirement obligations | 200,680 | 198,795 |
| Commodity derivative liabilities | 50,240 | 47,357 |
| Deferred tax liability, net | 59,069 | 88,688 |
| Long-term debt, net | 200,000 | 165,000 |
| Other noncurrent liabilities | 5,667 | 5,469 |
| Total liabilities | 769,213 | 671,514 |
| Commitments and contingencies (Note 10) | ||
| Stockholders' equity | ||
| Common stock, $0.01 par value; 300,000 authorized shares; 84,708 and 84,600 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | 1,513 | 1,512 |
| Treasury stock, shares at cost; 214 shares and 214 shares as of March 31, 2025 and December 31, 2024, respectively | (6,663) | (6,663) |
| Additional paid-in capital | 1,448,556 | 1,447,671 |
| Retained earnings | 38,388 | 117,054 |
| Total stockholders' equity | 1,481,794 | 1,559,574 |
| Total liabilities and stockholders' equity | $2,251,007 | $2,231,088 |
| The accompanying notes are an integral part of these condensed consolidated financial statements. | 11 |
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