BKV Corp

BKV is entrenched in a Stage 4 decline with persistent lower highs and lower lows under declining EMAs. The medium-term bias remains bearish, offering selling opportunities into the falling 9/21 EMA cluster, while short-term timing is bearish as price rejects resistance at these EMAs. A sustained reclaim and hold above the short-term EMAs would invalidate the bearish bias.

• ↑Q1 revenue $112M +12% YoY; net income $44M, positive FCF pre-power capex.
• ↑2026 capex guidance $290–400M; disciplined spend underpins robust cash flow generation.
• ↓Net debt $962M (2.1x leverage); capex pace pressures balance sheet.