For the quarter ending 2026-03-31, BKV had -$28,010K decrease in cash & cash equivalents over the period. $1,113K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|
| Net income (loss) | -51,938 | 103,782 | - |
| Depreciation, depletion, amortization, and accretion | -62,011 | 116,176 | - |
| Equity-based compensation expense | -5,173 | 9,080 | - |
| Deferred income tax expense (benefit) | -6,508 | 17,808 | - |
| Unrealized (gains) losses on derivatives, net | -10,287 | 24,143 | - |
| Gains on contingent consideration liabilities | - | 0 | - |
| Impairment of asset held for sale | 0 | - | - |
| Settlement of contingent consideration | -20,000 | 20,000 | - |
| Proceeds from the sale of call options | - | 0 | - |
| Payments for the purchase of put options | -16,206 | 16,206 | - |
| Write-off of capitalized software costs | - | 5,643 | - |
| Gain on sale of business | - | 0 | - |
| (gains) losses on sales of assets | - | -1,772 | - |
| Earnings from equity affiliate | - | 20,553 | - |
| Loss on early extinguishment of debt | - | 0 | - |
| Transaction costs from sale of business assets | - | -397 | - |
| Other, net | 2,042 | -3,947 | - |
| Accounts receivable, net | -4,790 | 18,233 | - |
| Accounts receivable, related party | 120 | -34 | - |
| Accounts payable and accrued liabilities | -35,851 | 12,381 | - |
| Other changes in operating assets and liabilities | 2,504 | -2,227 | - |
| Net cash provided by operating activities | -101,329 | 74,535 | 98,783 |
| Asset acquisition | -126,869 | 96,614 | 123,669 |
| Deposits on fixed asset purchases | 18,050 | 15,000 | - |
| Proceeds from sale of business | - | 0 | 0 |
| Cash acquired in consolidation of bkv-bpp cotton cove | - | 2,077 | - |
| Capital expenditures | -102,442 | 201,469 | 7,500 |
| Proceeds from sales of assets | -6,704 | 5,617 | 1,258 |
| Other investing activities, net | 257 | 0 | -257 |
| Net cash used in investing activities | 202,223 | -305,389 | -129,654 |
| Net proceeds on long-term debt | - | 490,000 | - |
| Proceeds from issuance of common stock in initial public offering, net of underwriting discounts and commissions | - | 0 | - |
| Payments on notes payable to related party | - | 0 | 0 |
| Proceeds from draws on credit facilities | - | 0 | 0 |
| Payments on credit facilities | - | 0 | 0 |
| Proceeds from issuance of common stock, net of underwriting discounts and commissions | 186,174 | - | - |
| Payments of deferred offering costs | - | 0 | 0 |
| Payment on term loan agreement | - | 0 | 0 |
| Payments of distributions to affiliates | 115,136 | - | - |
| Payment of debt issuance costs | -3,530 | 3,702 | 720 |
| Payments on temple term loan facility | 2,500 | - | - |
| Proceeds from promissory note | 46,000 | - | - |
| Payments on temple i loan agreements | 15,000 | - | - |
| Debt extinguishment costs | - | 0 | 0 |
| Proceeds under rbl credit agreement | -247,000 | 222,000 | 355,000 |
| Redemption of common stock issued upon vesting of equity-based compensation and other | - | 0 | - |
| Payments on rbl credit agreement | -512,000 | 422,000 | 320,000 |
| Net share settlements, equity-based compensation | 411 | 440 | 1,204 |
| Cash contributions from noncontrolling interest | -6,838 | 6,685 | 4,353 |
| Proceeds from repayment of loans by employee stock ownership plans | 277 | - | - |
| Net cash provided by financing activities | -128,904 | 292,543 | 37,429 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | -28,010 | 61,689 | 6,558 |
| Cash and cash equivalents at beginning of period | - | 14,868 | - |
| Cash and cash equivalents at end of period | - | 83,115 | - |
BKV Corp (BKV)
BKV Corp (BKV)