BKV Corp
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
View on SEC.govAbout this filing
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.
Sep 30, 2026 · Filed Nov 5, 2026
BKV$17.55-3.0%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Co Ba Sh
Condensed Consolidated Balance Sheets
(in thousands, except par value)
| September 30, 2026 | December 31, 2025 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $619,558 | $248,427 |
| Restricted cash | 16,254 | 15,846 |
| Accounts receivable, net | 149,838 | 129,077 |
| Accounts receivable, related parties | 10,354 | 11,196 |
| Prepaid expenses | 8,410 | 14,720 |
| Inventory | 19,084 | 20,039 |
| Commodity derivative assets, current | 115,920 | 63,900 |
| Other current assets | 11,428 | 8,150 |
| Total current assets | 950,846 | 511,355 |
| Natural gas properties, net | 2,647,462 | 2,407,330 |
| Other property, plant, and equipment, net | 1,148,247 | 944,412 |
| Deposits | 281,267 | 14,247 |
| Goodwill | 18,417 | 18,417 |
| Commodity derivative assets | 25,486 | 26,432 |
| Other noncurrent assets | 14,235 | 17,064 |
| Total assets | $5,085,960 | $3,939,257 |
| Liabilities, mezzanine equity, and equity | ||
| Current liabilities | ||
| Accounts payable and accrued liabilities | $260,945 | $229,487 |
| Commodity derivative liabilities, current | 13,249 | 8,469 |
| Income taxes payable to related party | — | 810 |
| Payable to BPPUS for the BKV-BPP Power Joint Venture Transaction | — | 115,136 |
| Current portion of Temple I Loan Agreements | — | 191,000 |
| Current portion of long-term debt, net | 9,387 | 9,387 |
| Other current liabilities | 9,304 | 10,302 |
| Total current liabilities | 292,885 | 564,591 |
| Asset retirement obligations | 213,355 | 230,372 |
| Commodity derivative liabilities | 4,428 | 5,767 |
| Temple I Loan Agreements | 162,000 | — |
| Long-term debt, net | 1,835,067 | 937,724 |
| Deferred tax liability, net | 149,482 | 128,839 |
| Other noncurrent liabilities | 7,611 | 5,223 |
| Total liabilities | 2,664,828 | 1,872,516 |
| Commitments and contingencies (Note 11) | ||
| Mezzanine equity | ||
| Noncontrolling interest | 25,488 | 12,951 |
| Stockholders’ equity | ||
| Common stock, $0.01 par value; 500,000 authorized shares; 107,992 and 96,872 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively | 1,746 | 1,635 |
| Treasury stock, shares at cost; 214 shares as of September 30, 2026 and December 31, 2025 | (6,663) | (6,663) |
| Additional paid-in capital | 1,795,053 | 1,681,785 |
| Retained earnings | 455,738 | 309,051 |
| Total stockholders’ equity | 2,245,874 | 1,985,808 |
| Noncontrolling interest | 149,770 | 67,982 |
| Total equity | 2,395,644 | 2,053,790 |
| Total liabilities, mezzanine equity, and equity | $5,085,960 | $3,939,257 |
| The accompanying notes are an integral part of these condensed consolidated financial statements. | 12 |
|---|
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.