What is BKV's merchant energy sales and other — revenue?

BKV (BKV) reported merchant energy sales and other — revenue of $94.83M in Q1 2026.

What does merchant energy sales and other — revenue mean?

This metric represents the total revenue generated from the sale of electricity and related energy products in the merchant power market, excluding revenues from core natural gas production. It captures the financial performance of power generation assets that operate outside of long-term regulated contracts, reflecting exposure to wholesale market price volatility. This figure is essential for evaluating the company's diversification into power generation and its ability to monetize energy assets in competitive markets.

BKV BKV Merchant Energy Sales And Other — Revenue

Other product segments

Natural gas

$240.15M+43.0%

Physical Power Purchased

-$55.73M—

NGLs

$44.76M+0.2%

Energy Retail Sales

$29.8M—

Marketing revenues

$17.59M+81.6%

Oil

$2.76M-20.1%

Midstream revenues

$2.3M-17.1%

Other

$132K—

Similar metrics at other companies

KEE

KEELEnergy Sales — Revenue

$5.87M+1,735%

CRCSale Of Electricity — Other revenue

$11M-50.0%

ACIWMerchant payments — Revenue

$47.03M+24.9%

UGIEnergy Marketing — Total revenues from contracts with customers

$408M+10.3%

CNP

CNPEnergy products and services — Revenue

$54M+4.9%

CWENEnergy Revenue — Total

$156M-7.7%

Other financials

Income statement

See full

Revenue$376.5M+38.2%

Operating income$86.0M+186%

Net income$44.1M+154%

EPS (diluted)$0.42+143%

Balance sheet

See full

Cash & equivalents$304.5M+244%

Total debt$1.3B+533%

Total equity$2.2B+49.3%

Total assets$4.2B+33.5%

Cash flow

See full

Operating cash flow$72.0M+338%

CapEx$106.5M+84.9%

Free cash flow-$34.5M+16.1%

Valuation

See full

Market cap$2.79B+76.0%

Enterprise value$3.75B+117%

P/E9.4×—

P/S2.7×+0.5×

Profitability

See full

Operating margin38.2%+26.4pp

Net margin28.4%+19.3pp

FCF margin-4.9%—

Returns & leverage

See full

Return on equity16%+11.0pp

Debt / equity0.6×+0.4×

Current ratio1.3×+0.9×

Where this comes from

Reported directly by BKV in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: BKV’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is BKV's merchant energy sales and other — revenue?: BKV (BKV) reported merchant energy sales and other — revenue of $94.83M in Q1 2026.
What does merchant energy sales and other — revenue mean?: This metric represents the total revenue generated from the sale of electricity and related energy products in the merchant power market, excluding revenues from core natural gas production. It captures the financial performance of power generation assets that operate outside of long-term regulated contracts, reflecting exposure to wholesale market price volatility. This figure is essential for evaluating the company's diversification into power generation and its ability to monetize energy assets in competitive markets.