BKV Corporation appoints new CFO as Jimenez retires

DENVER - BKV Corporation (NYSE: BKV), an energy company specializing in natural gas production, announced the upcoming retirement of its Chief Financial Officer, John T. Jimenez, and the appointment of David Tameron as his successor. Jimenez, who has been with BKV since April 2021, will step down on May 15, 2025, after playing a crucial role in the company’s transition to a public entity and overseeing its initial public offering in September 2024. The company, currently valued at $2.07 billion, has shown strong momentum with a 36% stock price gain over the past six months, according to InvestingPro data.

Chris Kalnin, CEO of BKV, praised Jimenez’s contributions to the company’s development and expressed confidence in Tameron’s ability to further BKV’s growth strategy. Tameron, who currently holds the position of Vice President, Strategic Finance and Investor Relations, brings a wealth of experience from his previous roles at Wells Fargo (NYSE:WFC) & Company. His tenure at BKV began in August 2022.

Tameron’s financial expertise and familiarity with BKV’s operations are expected to be instrumental as the company continues to pursue its business objectives. He will officially assume the CFO role on April 1, 2025, with Jimenez providing guidance as a Senior Advisor during the transition period until his retirement.

Jimenez reflected on his time at BKV with pride and optimism for the company’s future, highlighting the strength of the leadership team and the foundation established during his tenure. BKV, headquartered in Denver, operates across four main business lines including natural gas production, processing, power generation, and carbon capture. It is recognized as one of the top natural gas producers in the United States and the largest in the Barnett Shale.

This leadership transition is based on a press release statement from BKV Corporation.

In other recent news, BKV Corp has been the subject of various analyst coverage and adjustments following its initial public offering (IPO). KeyBanc Capital Markets revised its price target for BKV Corp to $25.00 from $23.00, maintaining an Overweight rating. This change was influenced by BKV Corp’s progress in its carbon capture, utilization, and storage (CCUS) joint venture and the potential of its Power segment with the growing datacenter market.

Truist Securities also upgraded the stock target to $25 from $24, maintaining a Buy rating due to BKV’s consistent strategy and progress in its CCUS business. Other firms such as Susquehanna and Citi initiated coverage, assigning a Positive and Buy rating respectively, emphasizing BKV’s net-zero strategy and unique position in the exploration and production industry.

Furthermore, BKV Corp reported mixed third-quarter earnings, but its broader strategies, particularly its closed-loop plans, remain on track. The company’s ongoing efforts to secure permits for expanding its CCUS business are progressing as planned, an essential component of BKV’s growth strategy. Lastly, Barclays (LON:BARC) initiated coverage with an Overweight rating, highlighting BKV’s strategic investments and focus on sustainability.

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