BKV Q1 returns to profit, posts net income USD 44.1 million

BKV Corporation

BKV Corporation

BKV

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  • BKV swings to net income attributable to shareholders of USD 44.1 million, or USD 0.42 per diluted share.
  • Adjusted EBITDAX attributable to shareholders rises to USD 112 million.
  • Net cash provided by operating activities climbs to USD 72 million as accrued capital expenditures increase to USD 118.6 million.
  • Average net production increases to 925 MMcfe/d while total generation at Power JV Temple plants rises 24.7% to 1,981 GWh.
  • Closed acquisition raising Power JV ownership to 75%, completed equity offering for net proceeds of USD 186.2 million, achieved first injection at Cotton Cove CCUS project.


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