BKV Corporation outlined a $690 million to $875 million capital deployment plan for 2026 during a presentation at the EnerCom Denver – The Energy Investment Conference on August 18, 2026. The company, which went public in September 2024, reported second-quarter liquidity of $840 million, including approximately $130 million in partner contributions, and projected EBITDA of roughly $450 million after expenses and interest for the year.
Upstream operations are expected to receive $290 million to $400 million of the total, supporting 3% to 4% production growth. The power segment will account for $400 million to $475 million, primarily allocated to long-lead items as part of a four-phase expansion from 1.5 GW to 2.9 GW of capacity at its Temple, Texas site. The first phase includes a 200 MW modular unit with an option to scale to 400 MW, supported by an air permit secured in the second quarter.
BKV’s closed-loop strategy integrates upstream gas production, power generation, and carbon capture to stabilize revenue streams. Upstream output currently totals 1.1 billion cubic feet per day, with 1 billion cubic feet per day from the Barnett Shale and 120 million cubic feet per day from the Marcellus position. The Barnett’s 540-location inventory offers an estimated 15-year reserve life, with an average break-even cost of $2.67 per unit across 300 locations analyzed. Advanced completion techniques have increased type curves by 20% at an incremental cost of $27 per lateral foot.
The company’s carbon capture, utilization, and sequestration (CCUS) segment currently injects 300,000 tons annually across three projects, with a target run rate of 1.5 million tons per year by the end of 2028. The High West project in Louisiana could support up to 10 million tons of annual storage. Permitting for the Jack County site in North Texas is expected in 2027, with startup targeted for 2029-2030.
Management emphasized the firm’s contrarian approach, noting acquisitions of power plants and the Barnett Shale when such assets were out of favor. The company also highlighted its ability to offer integrated gas supply, power, and decarbonization services, positioning it among a limited number of firms globally capable of such a model. ERCOT power demand growth is projected to exceed 20 times by 2032, while low-carbon solutions are expected to grow at a 25% compound annual rate through the end of the decade.
