Filing Flows › BKV (BKV) › Q2 2026
BKV (BKV) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
BKV (BKV) reported revenue of $322M for the second quarter 2026 (Q2 2026), +20% from a year earlier and -14% from the quarter before. Operating margin was 37.7%, net earnings $75.8M (23.5% of revenue).
BKV, Q2 2026: revenue $322M (+20% year over year), operating margin 37.7%, net earnings $75.8M, operating cash flow $110M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $322M | -14% | +20% |
| Operating profit | $122M | +41% | -25% |
| Net earnings | $75.8M | +72% | -30% |
| Operating cash flow | $110M | +52% | +23% |
| Free cash flow | $22.9M | — | +0.4% |
What changed
Revenue was $322.5M in Q2 2026, up 20% year over year and down 14% from the previous quarter. Natural gas was the largest line at 48% of revenue. NGLs added $19.3M year over year (up 46%), 36% of the total change.
Operating profit was $121.7M, a 37.7% margin (down 22.3 points year over year). Operating profit fell $39.7M even though revenue rose $53.8M versus Q2 2025, so costs grew faster than sales. Total costs grew 87% against revenue growth of 20%. The fastest-growing cost line was Other operating costs (+107%). Net earnings were $75.8M, down 30% year over year. The effective tax rate was 20.7%.
Operating cash flow was $109.7M (up 23% year over year), 142% of net earnings. Non-cash charges added back $54.1M of depreciation and amortization and $6.4M of share-based compensation. Working capital and other items used $28.1M. Capital expenditures of $86.8M left free cash flow of $22.9M.
Questions
What was BKV's revenue in the second quarter 2026?
BKV (BKV) reported revenue of $322M for the second quarter 2026 (Q2 2026), +20% from a year earlier and -14% from the quarter before.
Was BKV profitable in the second quarter 2026?
Operating profit was $122M (37.7% of revenue) and net earnings $75.8M.
Source: BKV 10-Q on SEC EDGAR.