BKV BKV Corporation Common Stock
$26.93
Price · Aug 19, 2026
Fundamentals as of Aug 6, 2026
52W Range
$20–$33
54% of range
Analyst Rating
BUY
15 analysts
Price Target
$34
+27% upside
P/E (TTM)
15.4
ROE
9.8%
Net Profit Margin
19.4%
BKV Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$26.93
Market Cap
$2.95B
P/E (TTM)
15.4
EPS (TTM)
$1.98
Revenue (TTM)
$894M
Div Yield
—
ROE
9.8%
Debt/Equity
0.2
52W Range
$20 – $33
BKV Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$894M
2022-12-31
→
2025-12-31
EPS
$1.98
2022-12-31
→
2025-12-31
Free Cash Flow
$-57M
2025-12-31
→
2025-12-31
Margins
19.4%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
BKV
Peer Median
P/E (TTM)
15.4
19.5
P/S (TTM)
3.3
2.2
P/B
1.4
1.5
EV / EBITDA
8.6
—
Price / FCF
-51.3
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
BKV
Peer Median
Operating Margin
24.3%
—
Net Profit Margin
19.4%
17.1%
ROA
6.5%
6.0%
ROE
9.8%
11.0%
ROIC
7.2%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
BKV
Peer Median
Debt / Equity
0.2
0.0
Current Ratio
1.8
1.5
Quick Ratio
0.9
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
BKV
Peer Median
Revenue YoY
47.9%
—
Revenue CAGR 3Y
-18.6%
—
EPS YoY
-72.5%
—
Net Income YoY
-71.5%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
BKV
Peer Median
BKV Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
15 analysts
- Strong Buy 5 33.3%
- Buy 9 60.0%
- Hold 1 6.7%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
11 analysts · 2026-08-18
Median
$35.00
Mean
$34.09
← Below all targets
$26.93
Low
$28.00
High
$39.00
Median target
$35.00
+30.0%
Mean target
$34.09
+26.6%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.10%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.46 | $0.28 | 0.18% |
| March 31, 2026 | $0.22 | $0.52 | -0.30% |
| Dec. 31, 2025 | $0.29 | $0.31 | -0.02% |
| Sept. 30, 2025 | $0.50 | $0.27 | 0.23% |
| June 30, 2025 | $0.39 | $0.15 | 0.24% |
| March 31, 2025 | $0.41 | $0.15 | 0.26% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| BKV | $2.63B | 13.7 | 47.9% | 19.4% | 9.8% | — |
| BSM | — | — | 8.3% | 63.8% | — | — |
| GPOR | $3.91B | 9.7 | 48.5% | 30.1% | 23.8% | — |
| TALO | $1.86B | -3.9 | -9.8% | -27.8% | -21.1% | — |
| NOG | $2.09B | 55.1 | 11.2% | 1.6% | 1.7% | — |
| MNR | — | 10.1 | 21.2% | 12.2% | — | — |
| KRP | — | — | 7.9% | 29.8% | — | — |
| COP | — | 14.7 | 7.7% | 13.6% | 12.3% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 13
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue | $894M | $605M | $739M | |
| SG&A Expense | $124M | $104M | $115M | |
| Operating Expenses | $791M | $736M | $823M | |
| Operating Income | $218M | $-155M | $158M | |
| Interest Income | $2M | $4M | $3M | |
| Pretax Income | $210M | $-186M | $145M | |
| Income Tax | $35M | $-44M | $28M | |
| Net Income | $173M | $-143M | $117M | |
| EPS (Basic) | $1.98 | $-2.00 | $1.93 | |
| EPS (Diluted) | $1.98 | $-2.00 | $1.82 | |
| Shares (Basic) | 86,581,000 | 71,288,000 | 60,730,000 | |
| Shares (Diluted) | 86,823,000 | 71,288,000 | 64,380,000 | |
| EBITDA | $377M | $63M | · |
Balance Sheet 23
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Cash & Equivalents | $248M | $15M | $25M | |
| Inventory | $20M | $6M | $10M | |
| Prepaid Expense | $15M | $8M | $4M | |
| Other Current Assets | $8M | $0 | $218.0K | |
| Current Assets | $511M | $95M | $312M | |
| Goodwill | $18M | $18M | $18M | |
| Other Non-current Assets | $17M | $17M | $20M | |
| Total Assets | $3.94B | $2.23B | $2.68B | |
| Accounts Payable | $100M | $53M | $48M | |
| Short-term Debt | $191M | · | · | |
| Current Liabilities | $565M | $166M | $412M | |
| Deferred Tax | $129M | $89M | $144M | |
| Other Non-current Liabilities | $5M | $5M | $12M | |
| Total Liabilities | $1.87B | $672M | $1.21B | |
| Long-term Debt | $1.14B | $165M | $579M | |
| Total Debt | $487M | · | · | |
| Common Stock | $2M | $2M | $1M | |
| Paid-in Capital | $1.68B | $1.45B | $1.03B | |
| Retained Earnings | $309M | $117M | $260M | |
| Treasury Stock | $7M | $7M | $5M | |
| Stockholders' Equity | $1.99B | $1.56B | $1.29B | |
| Liabilities + Equity | $3.94B | $2.23B | $2.68B | |
| Shares Outstanding | 96,872,000 | 84,600,000 | 63,873,000 |
Cash Flow 13
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| D&A | $159M | $218M | $224M | |
| Stock-based Comp | $13M | $16M | $26M | |
| Deferred Tax | $36M | $-45M | $32M | |
| Other Non-cash | $-139M | $72M | · | |
| Operating Cash Flow | $243M | $119M | $123M | |
| CapEx | $300M | $101M | $188M | |
| Investing Cash Flow | $-565M | $36M | $-178M | |
| Stock Issued | $171M | $0 | $150M | |
| Stock Repurchased | · | $0 | $600.0K | |
| Net Stock Activity | $171M | $0 | · | |
| Financing Cash Flow | $507M | $-305M | $67M | |
| Taxes Paid | $232.0K | $6.0K | $2M | |
| Free Cash Flow | $-57M | · | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Operating Margin | 24.3% | -25.6% | · | |
| Net Margin | 19.4% | -23.6% | · | |
| Pretax Margin | 23.5% | -30.9% | · | |
| EBITDA Margin | 42.1% | 10.4% | · | |
| ROA | 6.5% | -5.8% | · | |
| ROE | 9.8% | -10.4% | · | |
| ROIC | 7.2% | -7.6% | · |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Current Ratio | 1.8 | 0.6 | · | |
| Quick Ratio | 0.9 | 0.1 | · | |
| Debt / Equity | 0.2 | · | · | |
| LT Debt / Equity | 0.2 | · | · |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.2 | · |
Growth Rates 6
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue YoY | 47.9% | -18.2% | -55.5% | |
| Revenue CAGR 3Y | -18.6% | · | · | |
| EPS YoY | · | · | -72.5% | |
| EPS CAGR 3Y | -33.1% | · | · | |
| Net Income YoY | · | · | -71.5% | |
| Net Income CAGR 3Y | -25.0% | · | · |
Valuation (TTM) 14
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue TTM | $894M | $605M | · | |
| Net Income TTM | $173M | $-143M | · | |
| Market Cap | $2.63B | $2.01B | · | |
| Enterprise Value | $2.92B | · | · | |
| P/E | 13.7 | -11.9 | · | |
| P/S | 2.9 | 3.3 | · | |
| P/B | 1.3 | 1.3 | · | |
| P / Tangible Book | 1.3 | 1.3 | · | |
| P / Cash Flow | 10.8 | 17.0 | · | |
| P / FCF | -45.8 | · | · | |
| EV / EBITDA | 7.7 | · | · | |
| EV / FCF | -50.8 | · | · | |
| EV / Revenue | 3.3 | · | · | |
| Earnings Yield | 7.3% | -8.4% | · |
Income Statement 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $322M | $377M | $256M | $200M | $269M | $272M | $181M | $133M | $134M | $156M | $188M | |
| SG&A Expense | $42M | $42M | $38M | $31M | $30M | $29M | $31M | $34M | $19M | $21M | $34M | |
| Operating Expenses | $344M | $347M | $229M | $196M | $297M | $276M | $176M | $194M | $179M | $186M | $244M | |
| Operating Income | $122M | $86M | $101M | $82M | $161M | $-100M | $-56M | $-21M | $-43M | $-34M | $58M | |
| Interest Income | $2M | $1M | $991.0K | $274.0K | $737.0K | $749.0K | $253.0K | $202.0K | $2M | $2M | $2M | |
| Pretax Income | $97M | $63M | $88M | $98M | $142M | $-117M | $-71M | $24M | $-88M | $-52M | $43M | |
| Income Tax | $20M | $11M | $17M | $20M | $29M | $-31M | $-14M | $11M | $-28M | $-13M | $5M | |
| Net Income | $76M | $44M | $70M | $77M | $108M | $-82M | $-57M | $13M | $-60M | $-39M | $38M | |
| EPS (Basic) | $0.68 | $0.42 | $0.78 | $0.90 | $1.27 | $-0.97 | $-0.71 | $0.19 | $-0.90 | $-0.58 | $0.58 | |
| EPS (Diluted) | $0.67 | $0.42 | $0.78 | $0.90 | $1.27 | $-0.97 | $-0.70 | $0.18 | $-0.90 | $-0.58 | $0.55 | |
| Shares (Basic) | 109,395,000 | 102,018,000 | -167,611,000 | 84,776,000 | 84,710,000 | 84,706,000 | -129,371,000 | 68,023,000 | 66,349,000 | 66,287,000 | 1,869,000 | |
| Shares (Diluted) | 109,772,000 | 102,304,000 | -167,697,000 | 84,980,000 | 84,834,000 | 84,706,000 | -131,985,000 | 70,637,000 | 66,349,000 | 66,287,000 | 2,007,000 | |
| EBITDA | $122M | $140M | · | $82M | $128M | $-54M | · | $-21M | · | · | · |
Balance Sheet 23
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $152M | $289M | $199M | $83M | $21M | $15M | $15M | $31M | · | · | $25M | |
| Inventory | $18M | $19M | $6M | $6M | $7M | $6M | $6M | · | · | · | · | |
| Prepaid Expense | $10M | $13M | $6M | $4M | $4M | $5M | $8M | · | · | · | · | |
| Other Current Assets | $11M | $6M | $2M | $408.0K | · | · | $0 | $13M | · | · | · | |
| Current Assets | $458M | $568M | $388M | $202M | $98M | $105M | $95M | $126M | · | · | · | |
| Goodwill | $18M | $18M | $18M | $18M | $18M | $18M | $18M | $18M | · | · | · | |
| Other Non-current Assets | $16M | $19M | $22M | $38M | $24M | $17M | $17M | $18M | · | · | · | |
| Total Assets | $4.24B | $4.17B | $3.13B | $2.89B | $2.30B | $2.25B | $2.23B | $2.27B | · | · | · | |
| Accounts Payable | $114M | $120M | $84M | $88M | $76M | $59M | $53M | $54M | · | · | · | |
| Short-term Debt | $176M | $176M | · | · | · | · | · | · | · | · | · | |
| Current Liabilities | $399M | $433M | $218M | $236M | $175M | $254M | $166M | $139M | · | · | · | |
| Deferred Tax | $160M | $140M | $123M | $106M | $87M | $59M | $89M | $105M | · | · | · | |
| Other Non-current Liabilities | $8M | $9M | $5M | $7M | $5M | $6M | $5M | $39M | · | · | · | |
| Total Liabilities | $1.83B | $1.86B | $1.07B | $1.09B | $716M | $769M | $672M | $668M | · | · | · | |
| Long-term Debt | $1.25B | $1.27B | $487M | $487M | $200M | $200M | $165M | $190M | · | · | · | |
| Total Debt | $1.43B | $1.44B | · | $487M | · | · | · | · | · | · | · | |
| Common Stock | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | · | · | · | |
| Paid-in Capital | $1.88B | $1.86B | $1.75B | $1.58B | $1.45B | $1.45B | $1.45B | $1.42B | · | · | · | |
| Retained Earnings | $426M | $352M | $289M | $219M | $143M | $38M | $117M | $182M | · | · | · | |
| Treasury Stock | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | · | · | · | |
| Stockholders' Equity | $2.30B | $2.21B | $2.04B | $1.79B | $1.59B | $1.48B | $1.56B | $1.60B | · | · | · | |
| Liabilities + Equity | $4.24B | $4.17B | $3.13B | $2.89B | $2.30B | $2.25B | $2.23B | $2.27B | · | · | · | |
| Shares Outstanding | 109,417,000 | 109,385,000 | 96,872,000 | 89,972,000 | 84,711,000 | 84,708,000 | 84,600,000 | 83,899,000 | · | · | 63,873,000 |
Cash Flow 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $54M | $54M | $43M | $38M | $38M | $50M | $49M | $57M | $59M | $52M | $93M | |
| Stock-based Comp | $6M | $4M | $4M | $3M | $4M | $2M | $3M | $11M | $1M | $1M | $8M | |
| Deferred Tax | $20M | $11M | $19M | $20M | $27M | $-31M | $-14M | $11M | $-29M | $-13M | $10M | |
| Other Non-cash | · | $-41M | · | · | · | $89M | · | · | · | · | · | |
| Operating Cash Flow | $110M | $72M | $69M | $75M | $76M | $16M | $44M | $65M | $-9M | $19M | $8M | |
| CapEx | $87M | $107M | $91M | $201M | $-50M | $58M | $48M | $53M | · | · | · | |
| Investing Cash Flow | $-237M | $-233M | $-130M | $-305M | $-74M | $-56M | $-45M | $-21M | $122M | $-20M | $-22M | |
| Stock Issued | $-670.0K | $186M | · | · | $0 | $0 | $0 | · | · | · | $0 | |
| Stock Repurchased | · | · | · | · | · | · | · | · | · | · | $176.0K | |
| Net Stock Activity | · | $186M | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-9M | $201M | $177M | $293M | $4M | $31M | $-16M | $-22M | $-266M | $-2M | $-13M | |
| Taxes Paid | · | · | $35.0K | $0 | · | · | $0 | $0 | · | · | $1M | |
| Free Cash Flow | · | $-35M | · | · | · | · | · | · | · | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 37.7% | 22.9% | · | 41.2% | 62.0% | -40.6% | · | -15.2% | · | · | · | |
| Net Margin | 23.5% | 11.7% | · | 38.5% | 50.5% | -34.1% | · | 9.3% | · | · | · | |
| Pretax Margin | 30.2% | 16.8% | · | 48.9% | 64.0% | -46.7% | · | 17.5% | · | · | · | |
| EBITDA Margin | 37.7% | 37.2% | · | 41.2% | 62.0% | -23.2% | · | -15.2% | · | · | · | |
| ROA | 2.3% | 1.4% | · | 3.0% | 9.1% | -7.0% | · | 1.1% | · | · | · | |
| ROE | 3.9% | 2.4% | · | 4.5% | 13.2% | -10.6% | · | 1.6% | · | · | · | |
| ROIC | 2.6% | 1.9% | · | 2.9% | 6.4% | -4.6% | · | -0.70% | · | · | · |
Liquidity & Solvency 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.1 | 1.3 | · | 0.9 | 0.6 | 0.4 | · | 0.9 | · | · | · | |
| Quick Ratio | 0.4 | 0.7 | · | 0.4 | 0.1 | 0.1 | · | 0.2 | · | · | · | |
| Debt / Equity | 0.6 | 0.7 | · | 0.3 | · | · | · | · | · | · | · | |
| LT Debt / Equity | 0.5 | 0.5 | · | 0.3 | · | · | · | · | · | · | · |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.2 | 0.2 | · | 0.1 | · | · | · |
Valuation (TTM) 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.17B | $1.06B | · | $771M | $706M | $654M | · | $605M | · | · | · | |
| Net Income TTM | $304M | $144M | · | $116M | $-21M | $-164M | · | $-67M | · | · | · | |
| Market Cap | $2.99B | $3.12B | · | $2.08B | $2.04B | $1.78B | · | $1.53B | · | · | · | |
| Enterprise Value | $4.27B | $4.27B | · | $2.48B | · | · | · | · | · | · | · | |
| P/E | 8.4 | 18.1 | · | 16.8 | -57.4 | -9.4 | · | -18.3 | · | · | · | |
| P/S | 2.6 | 3.0 | · | 2.7 | 2.9 | 2.7 | · | 2.5 | · | · | · | |
| P/B | 1.3 | 1.4 | · | 1.2 | 1.3 | 1.2 | · | 1.0 | · | · | · | |
| P / Tangible Book | 1.3 | 1.4 | · | 1.2 | 1.3 | 1.2 | · | 1.0 | · | · | · | |
| P / Cash Flow | · | 43.3 | · | · | · | 78.6 | · | · | · | · | · | |
| P / FCF | · | -90.3 | · | · | · | · | · | · | · | · | · | |
| EV / EBITDA | 35.1 | 30.5 | · | 30.2 | · | · | · | · | · | · | · | |
| EV / FCF | · | -123.7 | · | · | · | · | · | · | · | · | · | |
| EV / Revenue | 3.7 | 4.0 | · | 3.2 | · | · | · | · | · | · | · | |
| Earnings Yield | 11.9% | 5.5% | · | 6.0% | -1.7% | -10.6% | · | -5.5% | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|---|---|
| Revenue | $894M | — | — | $605M | $739M |
| Operating Margin % | 24.3% | — | — | -25.6% | — |
| Net Income | $173M | — | — | $-143M | $117M |
| Diluted EPS | $1.98 | — | — | $-2.00 | $1.82 |
Balance Sheet
| 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.2 | — | — | — | — |
| Current Ratio | 1.8 | — | — | 0.6 | — |
| Quick Ratio | 0.9 | — | — | 0.1 | — |
Cash Flow
| 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-57M | — | — | — | — |
Latest News Recent headlines mentioning this company
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Institutional owners (13F) 174 filers · $1.1B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 46 (+3 vs prior Q) | 40 (+16 vs prior Q) | 66 (+2 vs prior Q) | 35 (+2 vs prior Q) | +8.7M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Mountain Capital Management, LLC | $142,101,933 | 5,233,957 | 13.33% | Shares |
| Yaupon Capital Management LP | $75,752,152 | 2,768,719 | 7.11% | Shares |
| DME Capital Management, LP | $73,054,839 | 2,670,133 | 6.85% | Shares |
| CITADEL ADVISORS LLC | $49,274,211 | 1,800,958 | 4.62% | Shares |
| STATE STREET CORP | $48,236,473 | 1,763,029 | 4.53% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $46,026,141 | 1,682,242 | 4.32% | Shares |
| Merewether Investment Management, LP | $45,792,295 | 1,673,695 | 4.30% | Shares |
| Zimmer Partners, LP | $45,777,849 | 1,673,167 | 4.29% | Shares |
| FMR LLC | $45,400,172 | 1,659,363 | 4.26% | Shares |
| Covalis Capital LLP | $38,691,910 | 1,414,178 | 3.63% | Shares |
| Aventail Capital Group, LP | $36,766,094 | 1,343,790 | 3.45% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $33,577,341 | 1,227,242 | 3.15% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $32,689,454 | 1,194,790 | 3.07% | Shares |
| TOMS Capital Investment Management LP | $27,360,000 | 1,000,000 | 2.57% | Call option |
| HITE Hedge Asset Management LLC | $24,775,602 | 905,541 | 2.32% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $20,355,887 | 743,760 | 1.91% | Shares |
| AMERICAN CENTURY COMPANIES INC | $19,280,783 | 704,707 | 1.81% | Shares |
| Value Aligned Research Advisors, LLC | $18,602,037 | 679,899 | 1.75% | Shares |
| GeoSphere Capital Management, LLC | $15,915,011 | 581,689 | 1.49% | Shares |
| FIRST TRUST ADVISORS LP | $15,249,260 | 557,356 | 1.43% | Shares |
| GOLDMAN SACHS GROUP INC | $14,660,555 | 535,839 | 1.38% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $11,931,997 | 436,111 | 1.12% | Shares |
| Corigliano Investment Advisers, LLC | $11,781,127 | 413,083 | 1.11% | Shares |
| SummitTX Capital, L.P. | $10,241,423 | 374,321 | 0.96% | Shares |
| FRANKLIN RESOURCES INC | $8,838,648 | 323,050 | 0.83% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $8,284,116 | 302,782 | 0.78% | Shares |
| Squarepoint Ops LLC | $8,247,973 | 301,461 | 0.77% | Shares |
| Ghisallo Capital Management LLC | $8,208,000 | 300,000 | 0.77% | Shares |
| Vennlight Capital Management, LP | $8,026,932 | 293,382 | 0.75% | Shares |
| PEREGRINE CAPITAL MANAGEMENT LLC | $7,235,817 | 264,467 | 0.68% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $7,089,988 | 259,137 | 0.67% | Shares |
| SAPIENT CAPITAL LLC | $6,195,426 | 226,441 | 0.58% | Shares |
| Walleye Capital LLC | $5,581,467 | 204,001 | 0.52% | Shares |
| Burkehill Global Management, LP | $5,472,000 | 200,000 | 0.51% | Shares |
| PRELUDE CAPITAL MANAGEMENT, LLC | $4,674,429 | 170,849 | 0.44% | Shares |
| WEXFORD CAPITAL LP | $4,610,844 | 168,525 | 0.43% | Shares |
| Hudson Bay Capital Management LP | $4,485,973 | 163,961 | 0.42% | Shares |
| TWO SIGMA INVESTMENTS, LP | $4,216,969 | 154,129 | 0.40% | Shares |
| CenterBook Partners LP | $3,869,060 | 141,413 | 0.36% | Shares |
| Oxbow Advisors, LLC | $3,700,659 | 135,258 | 0.35% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $3,498,605 | 127,873 | 0.33% | Shares |
| CIBC Private Wealth Group LLC | $3,469,500 | 150,000 | 0.33% | Shares |
| LMR Partners LLP | $3,452,777 | 126,198 | 0.32% | Shares |
| Bank of New York Mellon Corp | $3,071,817 | 112,274 | 0.29% | Shares |
| DARK FOREST CAPITAL MANAGEMENT LP | $2,849,243 | 104,139 | 0.27% | Shares |
| Cinctive Capital Management LP | $2,686,123 | 98,177 | 0.25% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $2,330,000 | 85,155 | 0.22% | Shares |
| TWO SIGMA ADVISERS, LP | $2,207,295 | 81,300 | 0.21% | Shares |
| Swiss National Bank | $2,101,248 | 76,800 | 0.20% | Shares |
| MOORE CAPITAL MANAGEMENT, LP | $2,000,727 | 73,126 | 0.19% | Shares |
| Boston Partners | $1,868,410 | 68,290 | 0.18% | Shares |
| Centiva Capital, LP | $1,789,809 | 65,417 | 0.17% | Shares |
| Rafferty Asset Management, LLC | $1,474,376 | 53,888 | 0.14% | Shares |
| Empowered Funds, LLC | $1,361,242 | 49,753 | 0.13% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $1,361,242 | 49,753 | 0.13% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,359,792 | 49,700 | 0.13% | Call option |
| ZAZOVE ASSOCIATES LLC | $1,283,512 | 46,912 | 0.12% | Shares |
| RHUMBLINE ADVISERS | $1,160,216 | 42,406 | 0.11% | Shares |
| SIR Capital Management, L.P. | $1,135,440 | 41,500 | 0.11% | Shares |
| ALLIANCEBERNSTEIN L.P. | $998,200 | 35,000 | 0.09% | Shares |
| MILLENNIUM MANAGEMENT LLC | $992,894 | 36,290 | 0.09% | Shares |
| Radnor Capital Management, LLC | $948,161 | 34,655 | 0.09% | Shares |
| SIMPLEX TRADING, LLC | $921,785 | 33,691 | 0.09% | Shares |
| CoreCommodity Management, LLC | $906,847 | 33,145 | 0.09% | Shares |
| CASTLEARK MANAGEMENT LLC | $893,304 | 32,650 | 0.08% | Shares |
| Susquehanna Portfolio Strategies, LLC | $764,274 | 27,934 | 0.07% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $742,906 | 27,153 | 0.07% | Shares |
| CITIGROUP INC | $690,320 | 25,231 | 0.06% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $683,398 | 24,978 | 0.06% | Shares |
| HighTower Advisors, LLC | $676,750 | 24,735 | 0.06% | Shares |
| IMC-Chicago, LLC | $662,249 | 24,205 | 0.06% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $614,642 | 22,465 | 0.06% | Shares |
| Interval Partners, LP | $580,689 | 21,224 | 0.05% | Shares |
| UBS Group AG | $530,374 | 19,385 | 0.05% | Shares |
| MetLife Investment Management, LLC | $527,337 | 19,274 | 0.05% | Shares |
| BlackRock, Inc. | $523,479 | 19,133 | 0.05% | Shares |
| US BANCORP \DE\ | $516,584 | 18,881 | 0.05% | Shares |
| XTX Topco Ltd | $486,680 | 17,788 | 0.05% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $479,320 | 17,519 | 0.04% | Shares |
| Numerai GP LLC | $459,730 | 16,803 | 0.04% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $456,947 | 16,022 | 0.04% | Shares |
| BANK OF AMERICA CORP /DE/ | $440,906 | 16,115 | 0.04% | Shares |
| Blackstone Inc. | $437,240 | 15,981 | 0.04% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $409,032 | 14,950 | 0.04% | Shares |
| Nuveen Asset Management, LLC | $389,659 | 16,386 | 0.04% | Shares |
| Toroso Investments, LLC | $386,372 | 14,231 | 0.04% | Shares |
| Vanguard Global Advisers, LLC | $368,156 | 13,456 | 0.03% | Shares |
| Invesco Ltd. | $350,700 | 12,818 | 0.03% | Shares |
| JPMORGAN CHASE & CO | $349,934 | 13,459 | 0.03% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $347,472 | 12,700 | 0.03% | Shares |
| Russell Investments Group, Ltd. | $341,452 | 12,480 | 0.03% | Shares |
| ARIZONA STATE RETIREMENT SYSTEM | $289,031 | 10,564 | 0.03% | Shares |
| PEAK6 LLC | $270,372 | 9,882 | 0.03% | Shares |
| Vanguard Investments Australia, Ltd. | $269,551 | 9,852 | 0.03% | Shares |
| Creative Planning | $267,936 | 9,793 | 0.03% | Shares |
| Police & Firemen's Retirement System of New Jersey | $261,972 | 9,575 | 0.02% | Shares |
| VANGUARD GROUP INC | $249,156 | 9,177 | 0.02% | Shares |
| KLP KAPITALFORVALTNING AS | $238,032 | 8,700 | 0.02% | Shares |
| GF FUND MANAGEMENT CO. LTD. | $231,548 | 8,463 | 0.02% | Shares |
| WOLVERINE ASSET MANAGEMENT LLC | $227,088 | 8,300 | 0.02% | Put option |
Company insiders 23 insiders · 15 officers · 8 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Christopher P Kalnin | Chief Executive Officer | June 30, 2026 A | 1,198,072 | 0 | 0 | $0 |
| David Tameron | Chief Financial Officer | June 30, 2026 A | 62,845 | 0 | 0 | $0 |
| John T Jimenez | Chief Financial Officer | Sept. 27, 2024 P | 273,274 | 0 | 0 | $0 |
| Eric S Jacobsen | President, Upstream | June 1, 2026 S | 227,843 | 0 | 1 | $-672,250 |
| Dilanka Seimon | Chief Commercial Officer | June 30, 2026 A | 56,013 | 0 | 0 | $0 |
| Ethan Ngo | Chf Corporate Dev Officer | June 30, 2026 A | 123,717 | 0 | 0 | $0 |
| Barry S. Turcotte | Chief Accounting Officer | June 30, 2026 A | 22,663 | 0 | 0 | $0 |
| Samid Hoda | VP Data and Innovation | Sept. 27, 2024 A | 51,998 | 0 | 0 | $0 |
| Matthew James Johnson | Mng Dir, BKV dCarbon Ventures | Sept. 27, 2024 A | 204,677 | 0 | 0 | $0 |
| Mary Rita Valois | Chief Information Officer | Sept. 27, 2024 P | 15,333 | 0 | 0 | $0 |
| Simon Bowman | Senior Director Midstream | Sept. 27, 2024 P | 3,433 | 0 | 0 | $0 |
| Travis Lauer | Vice President of Operations | Sept. 27, 2024 P | 11,861 | 0 | 0 | $0 |
| Lauren Read | VP Ops, BKV dCarbon Ventures | Sept. 27, 2024 A | 129,321 | 0 | 0 | $0 |
| Bradley A Birkelo | Senior VP, Subsurface | Sept. 27, 2024 P | 134,620 | 0 | 0 | $0 |
| Javier Hinojosa | Vice President of Retail Power | Sept. 27, 2024 A | 147,522 | 0 | 0 | $0 |
| Kirana Limpaphayom | Director | June 11, 2026 A | 7,128 | 0 | 0 | $0 |
| Joseph R Davis | Director | June 11, 2026 A | 45,889 | 0 | 0 | $0 |
| Carla S Mashinski | Director | June 11, 2026 A | 12,889 | 0 | 0 | $0 |
| Sunit S Patel | Director | June 11, 2026 A | 62,889 | 0 | 0 | $0 |
| Charles C Miller III | Director | June 11, 2026 A | 12,889 | 0 | 0 | $0 |
| Anon Sirisaengtaksin | Director | Sept. 27, 2024 P | 8,000 | 0 | 0 | $0 |
| Akaraphong Dayananda | Director | Sept. 27, 2024 P | 500 | 0 | 0 | $0 |
| Lindsay B Larrick | — | Aug. 14, 2026 S | 83,925 | 0 | 1 | $-261,600 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Banpu Public Company Limited, BOG Co., Ltd., Banpu North America Corporation, Banpu Power Public Company Limited, Banpu Power US Corporation | Feb. 6, 2026 | 67.65% | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 50 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| GUSH · Direxion Shares ETF Trust | 0.55% | 51,814 NS | April 30, 2026 | N-PORT |
| FYT · First Trust Exchange-Traded AlphaDE… | 0.53% | 30,649 NS | April 30, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.32% | 121,711 NS | April 30, 2026 | N-PORT |
| SVAL · iShares Trust | 0.29% | 24,983 SH | Aug. 8, 2026 | Daily |
| CCNR · Financial Investors Trust | 0.24% | 30,282 NS | April 30, 2026 | N-PORT |
| IEO · iShares Trust | 0.15% | 34,885 SH | Aug. 8, 2026 | Daily |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.11% | 4,738 NS | April 30, 2026 | N-PORT |
| USAI · Pacer Funds Trust | 0.08% | 2,910 NS | April 30, 2026 | N-PORT |
| FENY · FIDELITY COVINGTON TRUST | 0.06% | 36,269 NS | April 30, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.05% | 12,341 NS | April 30, 2026 | N-PORT |
| VDE · VANGUARD WORLD FUND | 0.05% | 213,620 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.05% | 51,714 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.05% | 210,346 NS | April 30, 2026 | N-PORT |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.04% | 26,050 SH | Aug. 8, 2026 | Daily |
| ESML · iShares Trust | 0.04% | 45,365 SH | Aug. 8, 2026 | Daily |
| IWO · iShares Trust | 0.04% | 223,188 SH | Aug. 8, 2026 | Daily |
| AVUV · AMERICAN CENTURY ETF TRUST | 0.04% | 372,031 NS | May 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.03% | 186,626 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.03% | 34,370 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.02% | 819,695 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.02% | 11,010 NS | April 30, 2026 | N-PORT |
| IGE · iShares Trust | 0.02% | 7,382 SH | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.02% | 6,348 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.02% | 174,297 NS | May 31, 2026 | N-PORT |
| DFSV · Dimensional ETF Trust | 0.02% | 44,992 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.02% | 1,193 NS | May 31, 2026 | N-PORT |
| IWN · iShares Trust | 0.01% | 75,362 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 428,279 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.01% | 7,110 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.01% | 933 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.01% | 1,185 SH | Aug. 8, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.01% | 936 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.01% | 948 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.01% | 858 NS | April 30, 2026 | N-PORT |
| WSML · iShares Trust | 0.01% | 1,613 SH | Aug. 8, 2026 | Daily |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 23,875 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 2,592 NS | April 30, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 13,513 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 2,976 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 865 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 24 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 34,262 NS | April 30, 2026 | N-PORT |
| AVUQ · AMERICAN CENTURY ETF TRUST | 0.00% | 181 NS | May 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 56,792 SH | Aug. 8, 2026 | Daily |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 21,377 NS | May 31, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.00% | 4,929 NS | April 30, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 6,432 NS | April 30, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 6,311 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,217,138 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 2,705 SH | Aug. 8, 2026 | Daily |