Energy company BKV Corp. (BKV) reported Tuesday a profit in its second quarter, compared to prior year's loss, with significant growth in revenues.
Looking ahead, for fiscal 2025, the company raised its outlook, and now expects net production of 790-810 MMcfe/d, reflecting a 4% increase at the mid-point.
In the pre-market activity, BKV shares were gaining around 9.7 percent to trade at $22.05.
In addition, the company announced a pending strategic transaction in the Barnett Shale with Bedrock, as well as a Carbon Sequestered Gas deal with Gunvor, a commodities trader.
In the second quarter, net income attributable to the company was $104.57 million or $1.23 per share, compared to last year's loss of $59.70 million or $0.90 per share.
The latest result included unrealized hedging gains of $102.9 million.
Adjusted net income was $32.8 million or $0.39 per share, compared to loss of $22.8 million or $0.34 per share a year ago.
For the three months ended June 30, total revenues and other operating income were $322.04 million, up from $136.20 million last year.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.