BKV Corp

BKV has set terms for senior convertible notes and increased the offering size from $400 million to $500 million; the notes carry 1.625% interest and mature in October 2031, with settlement on September 14, 2026. There is a $75 million overallotment option; the initial conversion rate corresponds to a price of about $31.93 per share (a 32.5% premium to the $24.10 closing price). Net proceeds are estimated at about $481.8 million (up to $554.7 million if the option is exercised); funds are intended for capped-call transactions, the repurchase of 1,452,282 shares, debt repayment, investments and general corporate purposes. » Plus sur de.investing.com

The BKV share lost 6.5% in premarket trading to $25.01, continuing a correction below its 52-week high of $32.81. The move follows the registration of about 5.3 million shares, which is creating near-term selling pressure, as well as several price-target cuts by Susquehanna, Citi, Truist and Jefferies. Analysts reduced EPS expectations amid weaker natural gas prices and squeezed margins in the power business. A lack of positive catalysts and a riskier market mood are weighing on the stock further. » Plus sur de.investing.com

At EnerCom in Denver, BKV unveiled an integrated business model combining upstream gas, power generation (currently 1.5 GW) and CCUS, touting production of around 1.1 billion cubic feet per day and three active CCUS projects. The company plans 2026 investments of $690–875 million, reports liquidity of $840 million at the end of Q2, and intends to gradually expand power capacity to 2.9 GW depending on completed power purchase agreements and permits. BKV sees its “closed‑loop” model as an advantage against commodity volatility, but notes that contract signings, permits and external capital requirements are still outstanding to realize the plan. » Plus sur de.investing.com

Shareholders of BKV Corp elected four Class II directors (Akaraphong Dayananda, Thiti Mekavichai, Sunit S. Patel, Carla Mashinski) to serve until the 2029 annual meeting. The annual meeting reappointed PricewaterhouseCoopers LLP as the independent auditor for 2026. BKV reported a net profit of $44 million and adjusted EBITDAX of $112 million for Q1 2026. In addition, an amendment to the reserve-based lending agreement with Citibank and other lenders was agreed, permitting higher allowed net leverage ratios to strengthen financial flexibility. » Plus sur de.investing.com

BKV Corp, with Citibank as lead arranger, has agreed the sixth amendment to its reserve-based lending (RBL) loan agreement, raising the maximum permitted net leverage ratios for distributions, voluntary early repayments and permitted investments. Thresholds were increased from about 2.00:1.00 to 2.25:1.00 for distribution-based payments and correspondingly for other restricted payments. BKV currently reports a leverage ratio of 0.58 and liquidity (current ratio) of 1.31, and reported for Q1/2026 a net profit of USD 44m and adjusted EBITDAX of USD 112m. » Plus sur de.investing.com