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Natural gas producer in the Barnett Shale, Texas, backed by Thailand's Banpu, with power generation and carbon capture ventures.
Natural gas producer in the Barnett Shale, Texas, backed by Thailand's Banpu, with power generation and carbon capture ventures.
Sells the natural gas and natural gas liquids it produces at market prices, so income tracks gas prices. It also owns stakes in gas-fired power generation and a carbon capture program, which are newer lines. Banpu, a Thai energy group, is the controlling shareholder.
Moat: none (scale). Commodity natural gas production; power and carbon-capture ventures are early-stage diversification, not a proven moat.
Headquarters: Denver, Colorado, United States · Founded: 2021 · Employees: 452
Size BKV (BKV) is a United States Energy company (Integrated Oil) with a market value of $1.92B, the 1820th largest of 3,117 United States companies the cockpit tracks. Shares closed at $17.55 on 6 Nov 2026.
Performance Over six months the shares fell 36.9%, against -10.6% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 84.3% over the last twelve months (peer median +12.7%); the operating margin is -0.9% (peer median 20.2%).
Valuation It trades at 11.1× forward earnings against a peer median of 9.9× (6th most expensive of 14).
Capital Return on invested capital runs 8.8 points below its cost of capital (8.5% WACC).
Short interest Short interest is 9.3% of the free float (15 Oct 2026).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.39B | $1.15B | $830M | $741M | $1.66B |
| Revenue growth | — | +39% | +12% | -55% | — |
| Gross profit | $245M | $156M | -$87.0M | $46.2M | $1.08B |
| EBITDA | $215M | $165M | $37.6M | $156M | $1.06B |
| Net income | $269M | $178M | -$139M | $117M | $410M |
| Free cash flow | -$553M | -$297M | $10.0M | -$69.5M | $101M |
| Capital expenditure | $917M | $577M | $105M | $193M | $248M |
| Total debt | $1.25B | $1.25B | $974M | $654M | $729M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| BKV BKV | $1.92B | -37% | +84% | -1% | 11.1× | n/a |
| Comstock Resources CRK | $3.94B | -5% | +17% | 19% | 43.4× | n/a |
| Range Resources RRC | $11.4B | +20% | +18% | 33% | 12.1× | -1.7% |
| Expand Energy EXE | $19.5B | -11% | +20% | 20% | 10.8× | -7.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BKV | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -26.7% | -9.7% | lowest of 21 |
| 6-month return | -36.9% | -10.6% | 3rd lowest of 21 |
| Distance from 52-week high | -46.5% | -27.2% | 6th lowest of 21 |
| Revenue growth (TTM) | +84.3% | +12.7% | 3rd highest of 20 |
| Operating margin | -0.9% | 20.2% | lowest of 20 |
| Forward P/E | 11.1× | 9.9× | 6th most expensive of 14 |
| ROIC minus cost of capital | -8.8 pp | +2.0 pp | 3rd lowest of 21 |
| EV / EBITDA | 14.4× | 5.0× | most expensive of 15 |
| Net debt / EBITDA | 5.0× | 0.1× | most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| BKV BKV | United States | $1.92B | -37% | +84% | -1% | 11.1× | n/a | n/a |
| Headwater Exploration HWX.TO | Canada | $1.95B | -10% | +13% | 44% | 9.9× | 3.0% | +125.4% |
| Senton Energy 001331.SZ | China | $1.75B | -24% | -24% | -1% | n/a | n/a | n/a |
| DNO DNO.OL | Norway | $2.13B | +6% | +128% | 48% | 5.9× | n/a | n/a |
| Japan Petroleum Exploration 1662.T | Japan | $2.36B | -36% | -16% | 9% | 5.1× | -5.6% | +7.2% |
| Mach Natural Resources LP MNR | United States | $1.50B | -35% | +39% | 22% | 5.9× | -10.0% | +2.9% |
| Kelt Exploration KEL.TO | Canada | $1.45B | +4% | +30% | 17% | 12.4× | n/a | n/a |
| United Energy 0467.HK | Hong Kong | $1.44B | -10% | +28% | 14% | 3.6× | n/a | n/a |
| Greenfire Resources GFR.TO | Canada | $1.36B | +3% | -2% | 17% | n/a | n/a | n/a |
| Geo-Jade Petroleum 600759.SS | China | $1.33B | -54% | +42% | 30% | n/a | -0.7% | +2.8% |
| Birchcliff Energy BIR.TO | Canada | $1.29B | +3% | +10% | 20% | 13.5× | 1.9% | +5.8% |
| Kosmos Energy KOS | United States | $1.26B | -23% | +23% | 23% | 4.6× | -6.4% | +9.9% |
| Baytex Energy BTE.TO | Canada | $2.95B | -11% | -8% | 15% | 7.5× | 4.7% | +12.8% |
| Totalenergies EP Gabon EC.PA | France | $1.14B | -5% | -13% | 25% | n/a | -10.7% | -0.6% |
| Paramount Resources POU.TO | Canada | $3.26B | +6% | -28% | 10% | 12.4× | n/a | n/a |
| Sino Prima Gas Technology 300483.SZ | China | $1.11B | -15% | +40% | 24% | 12.5× | -8.7% | +13.3% |
| Sino Geophysical 300191.SZ | China | $1.10B | -47% | +136% | 14% | n/a | n/a | n/a |
| Peyto Exploration & Development PEY.TO | Canada | $3.54B | -5% | +26% | 40% | 12.6× | -2.1% | +22.8% |
| Tamboran Resources TBN | United States | $1.01B | -19% | n/a | n/a | n/a | n/a | n/a |
| Tamarack Valley Energy TVE.TO | Canada | $3.83B | -7% | +11% | 48% | 10.7× | -5.6% | +46.8% |
| Shanxi Blue Flame 000968.SZ | China | $961M | -28% | -1% | 14% | n/a | -6.8% | +7.9% |