BKV Reports Q3 2026 Adjusted EBITDAX of $132.7 Million
BKV said production outperformed previous guidance and liquidity stood at $1.2 billion. It also announced a cost reimbursement agreement with a frontier AI lab and achieved Verra carbon credit certification; ERCOT power prices and spark spreads were below expectations.
BKV Corporation reported its financial results for the third quarter of 2026, highlighting an adjusted EBITDAX of $132.7 million. The company noted that production levels outperformed its previous guidance, and it maintained a liquidity position of $1.2 billion. In addition to financial performance, BKV announced a cost reimbursement agreement with a leading frontier AI lab and achieved Verra carbon credit certification. While the company continues to advance its power expansion efforts, it reported that ERCOT power prices and spark spreads were below expectations during the period.