BKV (BKV) revenue breakdown
By product, Natural gas is the largest at 76% of fiscal 2025 revenue.
By region, Texas is the largest at 92% of fiscal 2025 revenue, growing -16% a year over 3 years.
Revenue by product
Fiscal years, as BKV reports them in its 10-K filings; fiscal 2025 total $894M.
| Products | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|
| Natural gas | — | — | — | $675M | 76% |
| NGLs | — | — | — | $173M | 19% |
| Related party and other | — | — | — | $13M | 2% |
| Marketing revenues | $11M | $9M | $11M | $12M | 1% |
| Midstream revenues | $13M | $16M | $13M | $10M | 1% |
| Oil | — | — | — | $9M | 1% |
| Natural gas, NGL, and oil sales | — | $706M | $558M | — | — |
| Section 45Q tax credits | — | $701,000 | $14M | — | — |
| Other Revenue | $12M | $4M | $7M | — | — |
| Related party revenues | — | $4M | $3M | — | — |
| Natural gas | $1.3B | — | — | — | — |
| NGLs | $312M | — | — | — | — |
| Related party and other | $3M | — | — | — | — |
Revenue by region
Fiscal years, as BKV reports them in its 10-K filings; fiscal 2025 total $894M.
| Regions | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|
| Texas | $1.4B | $677M | $564M | $826M | 92% |
| Pennsylvania | $252M | $62M | $41M | $68M | 8% |
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Where does BKV make its money?
In fiscal 2025, by product: Natural gas $675M, NGLs $173M, Related party and other $13M, Marketing revenues $12M, Midstream revenues $10M.
From BKV's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.