BKV Corp

This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact contained in this Quarterly Report on Form 10-Q, regarding our strategy, future operations, financial position, estimated revenue and losses, projected costs, prospects, plans and objectives of management and dividend policy, are forward-looking statements. When used in this Quarterly Report on Form 10-Q, words such as “expect,” “project,” “estimate,” “believe,” “anticipate,” “intend,” “budget,” “plan,” “seek,” “envision,” “forecast,” “target,” “predict,” “may,” “should,” “would,” “could,” “will,” the negative of these terms and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements include, but are not limited to, the anticipated benefits, opportunities and results with respect to the Barnett Acquisition, the BKV-BPP Power Joint Venture Transaction, and the Bedrock Acquisition, including any expected value creation from these transactions, and any reserves additions, midstream opportunities, and other anticipated impacts from these transactions, as well as other aspects of the transactions, and any anticipated efficiencies, power plant reliability, and strategic growth and power purchase agreement opportunities relating to the Barnett Acquisition, the BKV-BPP Power Joint Venture, or the BKV-BPP Power Joint Venture Transaction, as well as guidance, projected or forecasted financial and operating results, future liquidity, leverage, results in certain basins, objectives, project timing, the anticipated benefits of reporting segment changes, expectations and intentions, regulatory and governmental actions, and other statements that are not historical facts. These forward-looking statements are based on our current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events.

•our business strategy;

•our reserves;

•our financial strategy, liquidity, and capital required for our development programs;

•our relationship with our sponsor, Banpu and its affiliates, including future agreements with Banpu;

•actual and potential conflicts of interest relating to Banpu, its affiliates, and other entities in which members of our officers and directors are or may become involved;

•potential conflicts of interest with, and differing strategic, economic or business interests of, our joint venture partners and other strategic counterparties;

•volatility in natural gas, NGL, and oil prices;

•our dividend policy;

•our drilling plans and the timing and amount of future production of natural gas, NGL, and oil;

•our hedging strategy and results;

•competition and government regulation;

•changes in trade regulation, including tariffs and other market factors;

•legal, regulatory, or environmental matters;

•marketing of natural gas, NGL, and oil;

•business or leasehold acquisitions and integration of acquired businesses, including the Bedrock Acquisition and the Barnett Acquisition, with our business;

•our ability to develop existing prospects;

•costs of developing our properties and of conducting our operations;

•our plans to establish midstream contracts that allow us to supply our own natural gas directly to the Temple Plants;

•our plans to continue to build out our power generation business, including our ability to obtain the necessary equipment and financing, to enforce cost reimbursement arrangements, and to enter into one or more power purchase agreements;

•our plans to continue to build out our retail power business applicable to the power generated by the Temple Plants;

•our ability to develop, produce, and sell Carbon Sequestered Gas;

•our ability to effectively operate and grow our CCUS business;

•our ability to forecast annual CO 2 sequestration rates for our CCUS projects;

•our ability to reach final investment decision and execute and complete any of our pipeline of identified CCUS projects;

•our ability to identify and complete additional CCUS projects as we expand our upstream operations;

•our ability to effectively operate and grow our retail power business;

•our anticipated Scope 1, 2, and 3 emissions from our owned and operated upstream and natural gas midstream businesses and our sustainability plans and goals, including our plans to offset our Scope 1, 2, and 3 emissions from our owned and operated upstream and natural gas midstream businesses;

•our ESG strategy and initiatives, including those relating to the generation and marketing of environmental attributes or new products seeking to benefit from ESG-related activities, and the continuation of government tax incentives applicable thereto;

•general economic conditions;

•cost inflation;

•credit markets;

•our ability to service our indebtedness;

•the effects of the capped call transactions entered into in connection with our 2031 Convertible Senior Notes on the market price of our common stock or our financial condition;

•the effects of the conditional conversion feature of our 2031 Convertible Senior Notes, if triggered, on the market price of our common stock or our financial condition;

•our ability to expand our business, including through the recruitment and retention of skilled personnel;

•our future operating results;

•the anticipated benefits of the Barnett Acquisition, the BKV-BPP Power Joint Venture Transaction, andthe Bedrock Acquisition;

•the impact of the One Big Beautiful Bill Act of 2025 (the “OBBBA”); and

•our plans, objectives, expectations, and intentions.

When considering forward-looking statements, you should keep in mind the risk factors and other cautionary statements described under “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 6, 2026, as amended by Amendment No. 1 on Form 10-K/A filed on August 19, 2026 (the “2025 Annual Report”). These forward-looking statements are based on management’s current belief, based on currently available information, as to the outcome and timing of future events. Any forward-looking statement speaks only as of the date on which such statement is made. We undertake no obligation to update any forward-looking statements made in this Quarterly Report on Form 10-Q to reflect events or circumstances after the date of this Quarterly Report on Form 10-Q or to reflect new information or the occurrence of unanticipated events, except as required by law.