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Acquisition (Tables) | 6 Months Ended
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Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Business Combination | The following table represents a summary of the retrospective adjustments to the statements of income for the three and six months ended June 30, 2025 to conform to the current presentation due to the BKV-BPP Power Joint Venture Transaction.
|  | Three Months Ended June 30, 2025 |  | Six Months Ended June 30, 2025
(in thousands) |  |
Increase to net income |  |  |  |
Income from operations |  | $ | 32,950 |  |  | $ | 26,556 |
Net income (loss) |  | $ | 7,739 |  |  | $ | (365) |
Less: net income (loss) attributable to noncontrolling interest |  | $ | 4,544 |  |  | $ | (248) |
Net income (loss) attributable to BKV |  | $ | 3,195 |  |  | $ | (117) |
Net income per common share attributable to BKV: |  |  |  |
Basic |  | $ | 0.04 |  |  | $ | — |
Diluted |  | $ | 0.04 |  |  | $ | — |
Weighted average number of common shares outstanding: |  |  |  |
Basic |  | 84,710 |  |  | 84,708 |
Diluted |  | 84,834 |  |  | 84,789 |
The tables below summarize these attribution principles.
(in thousands) |  | December 31, 2025
Noncontrolling interest in BKV-BPP Power |  | $ | 64,277 |
BKV’s interest in BKV-BPP Power |  | 192,830 |
Net assets attributable to common shareholders |  | 43,785 |
Net assets attributable to Banpu |  | 127,153 |
|  | Three Months Ended June 30, 2025 |  | Six Months Ended June 30, 2025
(in thousands, except per share amounts) |  |
BKV-BPP Power net income (loss) attributable to noncontrolling interest |  | $ | 4,544 |  |  | $ | (248) |
BKV-BPP Power net income (loss) attributable to BKV |  | $ | 13,632 |  |  | $ | (746) |
BKV-BPP Power net income (loss) attributable to common shareholders |  | $ | 2,235 |  |  | $ | (122) |
BKV-BPP Power net income (loss) attributable to Banpu |  | $ | 10,279 |  |  | $ | (562) |
Net income attributable to common shareholders |  | $ | 25,387 |  |  | $ | 6,404 |
Net income attributable to Banpu |  | $ | 82,381 |  |  | $ | 19,385 |
Net income per common share attributable to common shareholders: |  |  |  |
Basic |  | $ | 1.22 |  |  | $ | 0.31 |
Diluted |  | $ | 1.22 |  |  | $ | 0.31 |
Net income per common share attributable to Banpu: |  |  |  |
Basic |  | $ | 1.29 |  |  | $ | 0.30 |
Diluted |  | $ | 1.29 |  |  | $ | 0.30 |
Weighted average number of common shares outstanding attributable to common shareholders: |  |  |  |
Basic |  | 20,833 |  |  | 20,833 |
Diluted |  | 20,864 |  |  | 20,853 |
Weighted average number of common shares outstanding attributable to Banpu: |  |  |  |
Basic |  | 63,877 |  |  | 63,875 |
Diluted |  | 63,970 |  |  | 63,936 |

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