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BKV BKV BKV Upstream Midstream, LLC — Marketing expense

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Other financials

Income statement

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Revenue$322.5M+20.0%
Operating income$121.7M-24.6%
Net income$75.8M-29.7%
EPS (diluted)$0.67-47.2%

Balance sheet

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Cash & equivalents$168.3M+60.1%
Total debt$1.2B+525%
Total equity$2.3B+44.5%
Total assets$4.2B+33.8%

Cash flow

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Operating cash flow$109.7M+22.9%
CapEx$86.8M+30.6%
Free cash flow-$34.5M+16.1%

Valuation

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Market cap$2.63B+53.3%
Enterprise value$3.71B+105%
P/E9.8×
P/S2.3×+0.3×

Profitability

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Operating margin33.8%+32.1pp
Net margin23.1%+21.3pp
FCF margin-4.4%

Returns & leverage

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Return on equity13.7%+12.6pp
Debt / equity0.5×+0.4×
Current ratio1.1×+0.6×

Where this comes from

Reported directly by BKV in its filing.

Tagged under the XBRL concept us-gaap:MarketingExpense.

The source filing: BKV’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 2:25 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-054162
(in thousands)Upstream/MidstreamPowerTotal Reportable SegmentsCorporate and OtherTotal
Lease operating and workover44,48244,48244,482
Fuel commodity costs42,83242,83242,832
Purchased power29,50229,50229,502
Marketing expense22,51668523,2016123,262
Taxes other than income11,5834,30315,8861415,900
Gathering and transportation68,09568,09568,095
Depreciation, depletion, amortization, and accretion42,8219,55252,37350452,877
Power operating and maintenance17,18517,18517,185

Item 1. 1. Fi

FAQ

What is BKV's BKV upstream midstream, LLC — marketing expense?
BKV (BKV) reported BKV upstream midstream, LLC — marketing expense of $22.52M in Q2 2026.
What does BKV upstream midstream, LLC — marketing expense mean?
This metric represents the total costs incurred by the BKV Upstream Midstream segment related to the marketing, sales, and distribution of natural gas and natural gas liquids. It encompasses expenses associated with securing market access, managing customer contracts, and facilitating the movement of products to end-users or third-party purchasers. Monitoring this expense provides insight into the operational efficiency of the segment's commercial activities and its ability to optimize product pricing and delivery.

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