BKV Corporation Reports First Quarter 2025 Financial and Operational Results

About this update from Bkv Corporation

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":424,"url":"https://media.zenfs.com/en/business-wire.com/3f6e155d8c0228ea1442ca5d4f17f2fc"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/6ilUkgfAFRWHHqlns_NNAg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTg0ODtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/3f6e155d8c0228ea1442ca5d4f17f2fc","width":480,"height":424}},"lazy":false},{"type":"text","content":"DENVER, May 09, 2025--(BUSINESS WIRE)--BKV Corporation (NYSE: BKV) ("BKV" or the "Company"), today reported financial and operational results for the first quarter of 2025, including guidance for the second quarter of 2025.","length":243,"tagName":"p"},{"type":"text","content":"First Quarter and Subsequent Highlights","length":39,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Announced a joint venture agreement with Copenhagen Infrastructure Partners ("CIP") to partner on the development of carbon capture, utilization, and sequestration ("CCUS") projects","length":201,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net loss of $78.7 million or $(0.93) per diluted share","length":54,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted Net Income of $35.0 million or $0.41 per diluted share","length":63,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EBITDAX of $90.9 million","length":33,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Combined Adjusted EBITDAX of $100.7 million (includes implied proportionate share of Power JV Adjusted EBITDA of $9.8 million)","length":126,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net cash provided by operating activities of $22.6 million","length":58,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted Free Cash Flow of $6.1 million","length":39,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Barnett Zero quarterly sequestration of 38,787 metric tons of CO2 equivalent; Barnett Zero life-to-date sequestration through March 31, 2025 of 212,112 metric tons of CO2 equivalent","length":181,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Total generation of 1,588 GWh from the Power JV’s Temple ...

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