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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following is the calculation of basic and diluted net income (loss) per common share attributable to BKV for the three and six months ended June 30, 2026 and 2025:


			Three Months Ended June 30,												Six Months Ended June 30,
(in thousands, except per share amounts)			2026						2025						2026						2025
Net income attributable to BKV			$	75,806					$	107,768					$	119,881					$	25,789
Accretion of Class B Units to redemption value			(1,800)						(281)						(2,541)						(281)
Net income including accretion of Class B Units to redemption value			$	74,006					$	107,487					$	117,340					$	25,508

Basic weighted average common shares outstanding			109,395						84,710						105,727						84,708
Add: dilutive effect of TRSUs			187						124						170						81
Add: dilutive effect of PRSUs			190						—						161						—
Diluted weighted average of common shares outstanding			109,772						84,834						106,058						84,789




Net income per common share attributable to BKV:
Basic			$	0.68					$	1.27					$	1.11					$	0.30
Diluted			$	0.67					$	1.27					$	1.11					$	0.30