Financial Statements — BKV
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 |
|---|
| Cash & Equivalents | 0.15 | 0.29 | 0.08 | 0.02 | 0.02 | 0.03 |
| Inventory | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | -- |
| Total Current Assets | 0.46 | 0.57 | 0.20 | 0.10 | 0.11 | 0.13 |
| Goodwill | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Total Non-current Assets* | 3.78 | 3.60 | 2.69 | 2.21 | 2.15 | 2.14 |
| Total Assets | 4.24 | 4.17 | 2.89 | 2.30 | 2.25 | 2.27 |
| Accounts Payable | 0.19 | 0.22 | 0.22 | 0.12 | 0.11 | 0.11 |
| Total Current Liabilities | 0.40 | 0.43 | 0.24 | 0.17 | 0.25 | 0.14 |
| Long-term Debt | 1.25 | 1.27 | 0.49 | 0.20 | 0.20 | 0.19 |
| Total Non-current Liabilities* | 1.43 | 1.43 | 0.85 | 0.54 | 0.52 | 0.53 |
| Total Liabilities | 1.83 | 1.86 | 1.09 | 0.72 | 0.77 | 0.67 |
| Retained Earnings | 0.43 | 0.35 | 0.22 | 0.14 | 0.04 | 0.18 |
| Total Stockholder Equity | 2.30 | 2.21 | 1.79 | 1.59 | 1.48 | 1.60 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 |
|---|
| Total Revenue | 322.45 | 376.55 | 502.86 | 199.76 | 207.14 | 231.01 | 174.26 | 137.78 |
| Selling, General & Admin | 42.13 | 42.13 | 45.06 | 30.74 | 30.52 | 25.26 | 30.93 | 33.60 |
| Total Operating Expenses | -- | -- | 665.15 | 195.56 | 193.65 | 172.52 | 176.05 | 194.08 |
| Operating Income | 121.66 | 86.03 | 186.72 | 82.30 | 128.40 | (93.70) | (56.27) | (20.99) |
| Pretax Income | 97.48 | 63.31 | 102.68 | 97.71 | 132.63 | (107.85) | (70.99) | 24.17 |
| Tax Provision | 20.15 | 11.47 | 18.15 | 20.00 | 27.90 | (29.19) | (13.53) | 11.30 |
| Net Income | 75.81 | 44.08 | 76.40 | 76.85 | 104.57 | (78.67) | (57.46) | 12.87 |
| Basic EPS | 0.68 | 0.42 | 0.78 | 0.90 | 1.23 | (0.93) | (0.72) | 0.19 |
| Diluted EPS | 0.67 | 0.42 | 0.78 | 0.90 | 1.23 | (0.93) | (0.72) | 0.18 |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 |
|---|
| Operating Cash Flow | 109.74 | 71.99 | 107.06 | 74.54 | 76.16 | 22.62 | 43.76 | 74.78 |
| Capital Expenditures | 86.84 | 106.53 | 96.15 | 201.47 | 7.50 | 57.37 | 48.14 | 52.77 |
| Free Cash Flow* | 22.90 | (34.54) | 10.91 | (126.93) | 68.66 | (34.75) | (4.38) | 22.00 |
| Investing Cash Flow | (237.06) | (232.82) | (141.31) | (305.39) | (73.65) | (56.01) | (44.56) | 80.63 |
| Financing Cash Flow | (8.93) | 201.07 | 133.29 | 292.54 | 3.61 | 33.82 | (15.65) | (289.16) |
* Derived from reported values
