2024 Q4 Form 10-Q Financial Statement

#000162828024047546 Filed on November 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2024 Q2
Revenue $137.8M $130.1M
YoY Change -24.33%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $132.6M $117.0M
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $57.46M $59.39M
YoY Change
% of Gross Profit
Operating Expenses $194.1M $179.4M
YoY Change -1.32%
Operating Profit -$20.99M
YoY Change 296.37%
Interest Expense $40.24M -$30.52M
YoY Change
% of Operating Profit
Other Income/Expense, Net $4.922M -$509.0K
YoY Change
Pretax Income $24.17M -$88.09M
YoY Change 1.91%
Income Tax $11.30M -$28.39M
% Of Pretax Income 46.76%
Net Earnings $12.87M -$59.70M
YoY Change -30.68% 68.88%
Net Earnings / Revenue 9.34% -45.88%
Basic Earnings Per Share $0.19
Diluted Earnings Per Share $0.18 -$0.71
COMMON SHARES
Basic Shares Outstanding 84.60M shares 68.02M shares
Diluted Shares Outstanding 70.64M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $31.32M $9.197M
YoY Change
Cash & Equivalents $31.32M $9.197M
Short-Term Investments
Other Short-Term Assets $12.52M $46.43M
YoY Change
Inventory
Prepaid Expenses
Receivables $60.57M $65.35M
Other Receivables $0.00 $0.00
Total Short-Term Assets $125.7M $121.0M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $1.969B $1.998B
YoY Change
Goodwill $18.42M
YoY Change
Intangibles
YoY Change
Long-Term Investments $132.4M $81.79M
YoY Change
Other Assets $17.99M $28.22M
YoY Change
Total Long-Term Assets $2.142B $2.127B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $125.7M $121.0M
Total Long-Term Assets $2.142B $2.127B
Total Assets $2.268B $2.248B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $54.38M $38.08M
YoY Change
Accrued Expenses $17.35M $16.52M
YoY Change
Deferred Revenue $17.63M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $139.0M $117.0M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $190.0M $410.0M
YoY Change
Other Long-Term Liabilities $38.84M $236.7M
YoY Change
Total Long-Term Liabilities $38.84M $646.7M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $139.0M $117.0M
Total Long-Term Liabilities $38.84M $646.7M
Total Liabilities $668.3M $858.5M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings $182.0M
YoY Change
Common Stock $1.505M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.599B $1.199B
YoY Change
Total Liabilities & Shareholders Equity $2.268B $2.248B
YoY Change

Cashflow Statement

Concept 2024 Q4 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $12.87M -$59.70M
YoY Change -30.68% 68.88%
Depreciation, Depletion And Amortization $57.46M $59.39M
YoY Change
Cash From Operating Activities $64.99M -$9.469M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures $23.03M $10.51M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $2.028M $132.0M
YoY Change
Cash From Investing Activities -$21.00M $121.5M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -21.87M -265.7M
YoY Change
NET CHANGE
Cash From Operating Activities 64.99M -9.469M
Cash From Investing Activities -21.00M 121.5M
Cash From Financing Activities -21.87M -265.7M
Net Change In Cash 22.12M -153.6M
YoY Change
FREE CASH FLOW
Cash From Operating Activities $64.99M -$9.469M
Capital Expenditures $23.03M $10.51M
Free Cash Flow $41.96M -$19.98M
YoY Change

Facts In Submission

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us-gaap Net Income Loss
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CY2024Q3 us-gaap Earnings Per Share Basic
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CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58861000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
62247000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66891000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Unrealized Gain Loss On Derivatives
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us-gaap Unrealized Gain Loss On Derivatives
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us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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us-gaap Payment For Contingent Consideration Liability Operating Activities
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us-gaap Payment For Contingent Consideration Liability Operating Activities
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bkv Proceeds From Call Option Sales
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23502000 usd
bkv Proceeds From Call Option Sales
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us-gaap Gain Loss On Disposition Of Assets1
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6784000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
308000 usd
bkv Gain Loss On Disposition Of Assets Transaction Costs
GainLossOnDispositionOfAssetsTransactionCosts
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bkv Gain Loss On Disposition Of Assets Transaction Costs
GainLossOnDispositionOfAssetsTransactionCosts
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
27602000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
34792000 usd
us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Other Noncash Income Expense
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Other Operating Capital Net
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9933000 usd
us-gaap Increase Decrease In Other Operating Capital Net
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2020000 usd
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Oil And Gas Property
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us-gaap Payments To Acquire Oil And Gas Property
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us-gaap Payments To Acquire Other Productive Assets
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us-gaap Payments To Acquire Other Productive Assets
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us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
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us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
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us-gaap Payments For Advance To Affiliate
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us-gaap Proceeds From Collection Of Advance To Affiliate
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Initial Public Offering
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253800000 usd
us-gaap Proceeds From Issuance Initial Public Offering
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Notes Payable
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us-gaap Proceeds From Notes Payable
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us-gaap Repayments Of Notes Payable
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us-gaap Repayments Of Notes Payable
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us-gaap Proceeds From Issuance Of Secured Debt
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us-gaap Proceeds From Issuance Of Secured Debt
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us-gaap Repayments Of Secured Debt
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us-gaap Repayments Of Secured Debt
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us-gaap Repayments Of Unsecured Debt
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Proceeds From Long Term Lines Of Credit
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us-gaap Proceeds From Long Term Lines Of Credit
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us-gaap Repayments Of Long Term Lines Of Credit
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us-gaap Repayments Of Long Term Lines Of Credit
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us-gaap Payments Of Stock Issuance Costs
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us-gaap Payments Of Stock Issuance Costs
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us-gaap Payments Of Debt Extinguishment Costs
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us-gaap Payments Of Debt Extinguishment Costs
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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39305000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
165069000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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31318000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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us-gaap Income Taxes Paid Net
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us-gaap Income Taxes Paid Net
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bkv Conversion Of Mezzanine Equity To Common Stock Upon Initial Public Offering
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bkv Conversion Of Mezzanine Equity To Common Stock Upon Initial Public Offering
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bkv Conversion Of Equity Based Compensation To Common Stock Upon Initial Public Offering
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bkv Conversion Of Equity Based Compensation To Common Stock Upon Initial Public Offering
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bkv Reclassification Of Deferred Offering Costs
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bkv Reclassification Of Deferred Offering Costs
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bkv Change In Expenditures Incurred But Not Yet Paid
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bkv Change In Expenditures Incurred But Not Yet Paid
ChangeInExpendituresIncurredButNotYetPaid
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bkv Increase Of Asset Retirement Obligations
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bkv Increase Of Asset Retirement Obligations
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us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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494000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
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bkv Increase Decrease In Accrued Offering Costs
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1588000 usd
bkv Increase Decrease In Accrued Offering Costs
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bkv Adjustment Of Minority Ownership Puttable Shares To Redemption Value
AdjustmentOfMinorityOwnershipPuttableSharesToRedemptionValue
16989000 usd
bkv Adjustment Of Minority Ownership Puttable Shares To Redemption Value
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7591000 usd
bkv Adjustment Of Equity Based Compensation To Redemption Value
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9310000 usd
bkv Adjustment Of Equity Based Compensation To Redemption Value
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bkv Redemption Of Shares Issued In Settlement Of Equity Based Compensation Impact
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bkv Redemption Of Shares Issued In Settlement Of Equity Based Compensation Impact
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602000 usd
CY2023Q4 us-gaap Stockholders Equity
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CY2023Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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CY2024Q1 us-gaap Net Income Loss
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CY2024Q1 bkv Adjustments To Additional Paid In Capital Adjustment Of Minority Ownership Puttable Shares To Redemption Value
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1548000 usd
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CY2024Q1 bkv Temporary Equity Apic Share Based Payment Arrangement Increase For Cost Recognition
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CY2024Q1 us-gaap Stockholders Equity
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CY2024Q2 bkv Adjustments To Additional Paid In Capital Adjustment Of Minority Ownership Puttable Shares To Redemption Value
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CY2024Q2 bkv Temporary Equity Minority Ownership Puttable Shares To Redemption Value Adjustment
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CY2024Q2 bkv Adjustments To Additional Paid In Capital Adjustment Of Equity Based Compensation To Redemption Value
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194000 usd
CY2024Q2 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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194000 usd
CY2024Q2 bkv Temporary Shares Issued Value Share Based Payment Arrangement After Forfeiture
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CY2024Q2 us-gaap Stockholders Equity
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1199142000 usd
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CY2024Q3 us-gaap Net Income Loss
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CY2024Q3 bkv Adjustments To Additional Paid In Capital Adjustment Of Minority Ownership Puttable Shares To Redemption Value
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17477000 usd
CY2024Q3 bkv Temporary Equity Minority Ownership Puttable Shares To Redemption Value Adjustment
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9611000 usd
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CY2024Q3 bkv Redemption Of Common Stock Issued Upon Vesting Of Equity Based Compensation
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CY2024Q3 us-gaap Stock Issued During Period Value New Issues
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CY2024Q3 us-gaap Reclassifications Of Temporary To Permanent Equity
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166000 usd
CY2024Q3 bkv Temporary Equity Apic Share Based Payment Arrangement Increase For Cost Recognition
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CY2024Q3 us-gaap Stockholders Equity
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CY2024Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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CY2022Q4 us-gaap Stockholders Equity
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151883000 usd
CY2023Q1 us-gaap Net Income Loss
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CY2023Q1 bkv Redemption Of Common Stock Issued Upon Vesting Of Equity Based Compensation
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CY2023Q1 bkv Redemption Of Temporary Equity Issued Upon Vesting Of Equity Based Compensation Value
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CY2023Q1 bkv Adjustments To Additional Paid In Capital Adjustment Of Minority Ownership Puttable Shares To Redemption Value
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6871000 usd
CY2023Q1 bkv Temporary Equity Minority Ownership Puttable Shares To Redemption Value Adjustment
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CY2023Q1 bkv Adjustments To Additional Paid In Capital Adjustment Of Equity Based Compensation To Redemption Value
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10346000 usd
CY2023Q1 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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10346000 usd
CY2023Q1 bkv Temporary Equity Apic Share Based Payment Arrangement Increase For Cost Recognition
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3797000 usd
CY2023Q1 us-gaap Stockholders Equity
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CY2023Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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CY2023Q2 us-gaap Net Income Loss
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CY2023Q2 bkv Adjustments To Additional Paid In Capital Adjustment Of Minority Ownership Puttable Shares To Redemption Value
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CY2023Q2 bkv Temporary Equity Minority Ownership Puttable Shares To Redemption Value Adjustment
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86000 usd
CY2023Q2 bkv Adjustments To Additional Paid In Capital Adjustment Of Equity Based Compensation To Redemption Value
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CY2023Q2 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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CY2023Q2 bkv Temporary Equity Apic Share Based Payment Arrangement Increase For Cost Recognition
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6498000 usd
CY2023Q2 us-gaap Stockholders Equity
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1121535000 usd
CY2023Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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142149000 usd
CY2023Q3 us-gaap Net Income Loss
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18564000 usd
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CY2023Q3 bkv Redemption Of Common Stock Issued Upon Vesting Of Equity Based Compensation
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CY2023Q3 bkv Redemption Of Temporary Equity Issued Upon Vesting Of Equity Based Compensation Value
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CY2023Q3 bkv Temporary Shares Issued Value Share Based Payment Arrangement After Forfeiture
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CY2023Q3 bkv Adjustments To Additional Paid In Capital Adjustment Of Minority Ownership Puttable Shares To Redemption Value
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806000 usd
CY2023Q3 bkv Temporary Equity Minority Ownership Puttable Shares To Redemption Value Adjustment
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CY2023Q3 bkv Adjustments To Additional Paid In Capital Adjustment Of Equity Based Compensation To Redemption Value
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4612000 usd
CY2023Q3 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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4612000 usd
CY2023Q3 bkv Temporary Equity Apic Share Based Payment Arrangement Increase For Cost Recognition
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7097000 usd
CY2023Q3 us-gaap Stock Issued During Period Value New Issues
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150005000 usd
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CY2023Q3 us-gaap Stockholders Equity
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143747000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
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us-gaap Number Of Reportable Segments
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1 segment
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:8pt;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassification</span></div><div style="text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A reclassification was made in the prior period's condensed consolidated statements of cash flows within the net cash provided by (used in) investing activities and within net cash provided by operating activities to conform to the current period presentation. A reclassification was also made to the prior period's condensed consolidated statements of operations to reclassify the gains on sale of assets out of other income into revenues to conform with the current presentation. These reclassifications had no impact on previously reported balance sheets, net income, net cash flows, or stockholders' equity.</span></div>
CY2024Q3 bkv Temporary Equity Conversion Shares
TemporaryEquityConversionShares
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CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2024Q3 bkv Working Capital Deficit Net
WorkingCapitalDeficitNet
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
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us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:6pt;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:125%">Significant Judgments and Accounting Estimates</span></div><div style="text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of these condensed consolidated financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and the accompanying notes. There have been no significant changes to the Company's accounting estimates from those disclosed in the Company's Annual Financial Statements.</span></div>
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2024Q3 us-gaap Long Term Debt
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190000000 usd
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CY2023Q4 bkv Oil And Gas Successful Efforts Method Property And Equipment Proved Property Accumulated Depreciation Depletion Amortization And Impairment
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560000000.0 usd
CY2024Q3 bkv Oil And Gas Proved Property Depreciation Depletion Amortization And Accretion
OilAndGasProvedPropertyDepreciationDepletionAmortizationAndAccretion
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OilAndGasProvedPropertyDepreciationDepletionAmortizationAndAccretion
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OilAndGasProvedPropertyDepreciationDepletionAmortizationAndAccretion
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bkv Oil And Gas Proved Property Depreciation Depletion Amortization And Accretion
OilAndGasProvedPropertyDepreciationDepletionAmortizationAndAccretion
110600000 usd
CY2024Q3 bkv Oil And Gas Successful Efforts Method Property And Equipment Midstream Assets Accumulated Depreciation Depletion Amortization And Impairment
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19400000 usd
CY2024Q3 bkv Oil And Gas Midstream Assets Depreciation Depletion Amortization And Accretion
OilAndGasMidstreamAssetsDepreciationDepletionAmortizationAndAccretion
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OilAndGasMidstreamAssetsDepreciationDepletionAmortizationAndAccretion
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OilAndGasMidstreamAssetsDepreciationDepletionAmortizationAndAccretion
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OilAndGasMidstreamAssetsDepreciationDepletionAmortizationAndAccretion
5600000 usd
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PropertyPlantAndEquipmentOther
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CY2023Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
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CY2024Q3 us-gaap Property Plant And Equipment Other Accumulated Depreciation
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CY2023Q4 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
15710000 usd
CY2024Q3 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
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CY2023Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
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OtherDepreciationAndAmortization
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OtherDepreciationAndAmortization
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us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
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GainLossOnDispositionOfAssetsTransactionCosts
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CY2024Q3 bkv Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability And Equity Value
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CY2023Q3 bkv Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability And Equity Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityAndEquityValue
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CY2024Q3 bkv Derivative Gain Loss On Derivative Settled Net
DerivativeGainLossOnDerivativeSettledNet
38350000 usd
CY2023Q3 bkv Derivative Gain Loss On Derivative Settled Net
DerivativeGainLossOnDerivativeSettledNet
292000 usd
bkv Derivative Gain Loss On Derivative Settled Net
DerivativeGainLossOnDerivativeSettledNet
106285000 usd
bkv Derivative Gain Loss On Derivative Settled Net
DerivativeGainLossOnDerivativeSettledNet
70994000 usd
CY2024Q3 bkv Derivative Gain Loss On Derivative Unsettled Net
DerivativeGainLossOnDerivativeUnsettledNet
-3042000 usd
CY2023Q3 bkv Derivative Gain Loss On Derivative Unsettled Net
DerivativeGainLossOnDerivativeUnsettledNet
9035000 usd
bkv Derivative Gain Loss On Derivative Unsettled Net
DerivativeGainLossOnDerivativeUnsettledNet
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bkv Derivative Gain Loss On Derivative Unsettled Net
DerivativeGainLossOnDerivativeUnsettledNet
55280000 usd
CY2024Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
35308000 usd
CY2023Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
9327000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
24143000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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CY2024Q1 us-gaap Open Option Contracts Written Premiums
OpenOptionContractsWrittenPremiums
23500000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
137779000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
182071000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
430272000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2024Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
21900000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
32800000 usd
CY2024Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
54381000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
47504000 usd
CY2024Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
15228000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
18189000 usd
CY2024Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
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CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
48857000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
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CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
21765000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2122000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
12858000 usd
CY2024Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
112183000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
149173000 usd
CY2023Q3 bkv Equity Investments Capital Call
EquityInvestmentsCapitalCall
150000000.0 usd
CY2023Q3 bkv Equity Investments Contributed Capital Shares
EquityInvestmentsContributedCapitalShares
7500000 shares
CY2023Q3 bkv Equity Investments Contributed Capital Place In Debt Reserve Account
EquityInvestmentsContributedCapitalPlaceInDebtReserveAccount
138300000 usd
CY2024Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
50600000 usd
CY2023Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
49100000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
27600000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
34800000 usd
CY2024Q3 bkv Other Commitment Volume Required
OtherCommitmentVolumeRequired
1207540573 dth
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
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CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
190000000 usd
CY2024Q3 bkv Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
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CY2024Q3 us-gaap Long Term Debt
LongTermDebt
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CY2024Q3 bkv Interest Payable Remainder Of Fiscal Year
InterestPayableRemainderOfFiscalYear
848000 usd
CY2024Q3 bkv Interest Payable Year One
InterestPayableYearOne
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CY2024Q3 bkv Interest Payable Year Two
InterestPayableYearTwo
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CY2024Q3 bkv Interest Payable Year Three
InterestPayableYearThree
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CY2024Q3 bkv Interest Payable Year Four
InterestPayableYearFour
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CY2024Q3 bkv Interest Payable After Year Four
InterestPayableAfterYearFour
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CY2024Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
848000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
312000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1253000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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1047000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
924000 usd
CY2024Q3 bkv Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
4608000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
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CY2024Q3 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
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CY2024Q3 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
69481000 usd
CY2024Q3 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
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CY2024Q3 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
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CY2024Q3 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
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CY2024Q3 bkv Contractual Obligation To Be Paid After Year Four
ContractualObligationToBePaidAfterYearFour
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CY2024Q3 us-gaap Contractual Obligation
ContractualObligation
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CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.468
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.217
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.260
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.225
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68023000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59021000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66891000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58861000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70637000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
62247000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66891000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
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CY2024Q3 ecd Rule10b51 Arr Adopted Flag
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CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
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bkv-20240930_cal.xml Edgar Link unprocessable
bkv-20240930_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
bkv-20240930_lab.xml Edgar Link unprocessable