Key Points – BKV’s first quarter came in strong, with production near the high end of guidance at about 925 MMcfe per day and net income of $44 million.
The company also reaffirmed its full-year outlook for production, spending and Power JV earnings. – Carbon capture is scaling quickly, with Cotton Cove starting commercial sequestration and Eagle Ford expected to begin injection by the end of Q2
BKV is targeting a 1.5 million tons-per-year injection run rate by 2028 and expects its carbon-sequestered gas product to launch in the second half of 2026. – Power generation is becoming a major growth engine, driven by demand from data centers and hyperscalers in ERCOT. BKV is pursuing modular generation, existing plant capacity and Temple III, and still expects to sign a power purchase agreement within 2026 to early 2027. – 3 Top-Rated Energy Companies Staging Strong Recoveries BKV (NYSE:BKV) reported a strong start to 2026, with executives highlighting upstream production near the high end of guidance, growing carbon capture operations and increased investment in power generation tied to data center demand during the company’s first-quarter earnings call. Chief Executive Officer Chris Kalnin said the company entered the year with “strong momentum across the business” and that macro trends, including global energy security concerns, LNG demand and growth in artificial intelligence infrastructure, are creating a favorable backdrop for BKV’s natural gas, power and carbon capture strategy. “What is clear is how our platform across natural gas, power, and carbon capture is translating into value creation opportunities,” Kalnin said.
Upstream Production Tracks Near High End of Guidance Eric Jacobsen, BKV’s President of Upstream, said first-quarter production was approximately 925 MMcfe per day, toward the upper end of the company’s guidance range. Development capital was approximately $82 million, slightly below the guided midpoint. Lease operating and workover expense was…