XML 36 R24.htm IDEA: XBRL DOCUMENT v3.26.1
Acquisition (Tables)
6 Months Ended
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, 2025Six 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:
Basic84,710 84,708 
Diluted84,834 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 Power192,830 
Net assets attributable to common shareholders43,785 
Net assets attributable to Banpu127,153 
Three Months Ended June 30, 2025Six 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:
Basic20,833 20,833 
Diluted20,864 20,853 
Weighted average number of common shares outstanding attributable to Banpu:
Basic63,877 63,875 
Diluted63,970 63,936