BKV Corp
For the period ended Mar 31, 2026. Filed May 7, 2026.
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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, 2026 · Filed May 7, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Co S o St' Eq a Me Eq
Condensed Consolidated Statements of Equity and Mezzanine Equity
| Equity · Mezzanine Equity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock · Treasury · Additional Paid-In Capital · Retained Earnings · Noncontrolling Interest · Total Equity · Noncontrolling Interest | ||||||||||
| Shares · Amount · Shares · Amount | ||||||||||
| Balance, December 31, 2025 (1) | 96,872 | $1,635 | 214 | $(6,663) | $1,676,785 | $309,051 | $72,982 | $2,053,790 | $12,951 | |
| Net income | — | — | — | — | — | 44,075 | 7,039 | 51,114 | 730 | |
| Contributions from noncontrolling interest | — | — | — | — | — | — | — | — | 4,200 | |
| Accretion of Class B Units to redemption value | — | — | — | — | — | (741) | — | (741) | 741 | |
| Issuance of common stock, net | 7,004 | 70 | — | — | 186,104 | — | — | 186,174 | — | |
| Issuance of common stock to BPPUS | 5,315 | 53 | — | — | (53) | — | — | — | ||
| Issuance of common stock under equity incentive plans, net | 16 | — | — | — | 277 | — | — | 277 | — | |
| Common stock issued upon vesting of restricted stock units, net of shares withheld for income taxes | 178 | 2 | — | — | (2,057) | — | — | (2,055) | — | |
| Equity-based compensation | — | — | — | — | 3,907 | — | — | 3,907 | — | |
| Balance, March 31, 2026 | 109,385 | $1,760 | 214 | $(6,663) | $1,864,963 | $352,385 | $80,021 | $2,292,466 | $18,622 | |
| Equity · Mezzanine Equity | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Common Stock · Treasury · Additional Paid-In Capital · Retained Earnings · Noncontrolling Interest · Total Equity (1) · Noncontrolling Interest | |||||||||
| Shares · Amount · Shares · Amount | |||||||||
| Balance, December 31, 2024 | 84,600 | $1,512 | 214 | $(6,663) | $1,369,526 | $131,316 | $56,829 | $1,552,520 | $— |
| Net loss | — | — | — | — | — | (81,979) | (4,792) | (86,771) | — |
| Common stock issued upon vesting of restricted stock units, net of shares withheld for income taxes | 108 | 1 | — | — | (1,182) | — | — | (1,181) | — |
| Equity-based compensation | — | — | — | — | 2,067 | — | — | 2,067 | — |
| Balance, March 31, 2025 | 84,708 | $1,513 | 214 | $(6,663) | $1,370,411 | $49,337 | $52,037 | $1,466,635 | $— |
(1)The financial information presented in this Quarterly Report on Form 10-Q has been retrospectively adjusted for the BKV-BPP Power Joint Venture Transaction, which was accounted for as a transaction between entities under common control, with prior periods recast as if the transaction had occurred at the beginning of the earliest period presented. See Note 2 - Acquisition for further information.
| The accompanying notes are an integral part of these condensed consolidated financial statements. | 16 |
|---|
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