BKV Corp: chief legal officer Larrick sells $231k in stock

Published 01/07/2025, 18:00
BKV Corp: chief legal officer Larrick sells $231k in stock

Larrick Lindsay (NYSE:LNN) B, Chief Legal and Admin Officer at BKV Corp (BKV:BKV), sold 10,000 shares of common stock on July 1, 2025, for a total of $231,307. The sales were executed at prices ranging from $22.7100 to $23.5300. According to InvestingPro data, BKV Corp, currently valued at $2 billion, is trading slightly below its Fair Value, with the stock showing strong momentum, up 34% over the past year.

Following the transaction, Larrick Lindsay B directly owns 210,528 shares of BKV Corp.

The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 22, 2024.

Kathleen Lenox, attorney-in-fact, signed the Form 4 on behalf of Larrick Lindsay B.

In other recent news, BKV Corporation reported a strong financial performance for the first quarter of 2025, surpassing analyst expectations with adjusted earnings per share of $0.41. The company achieved a revenue of $216.13 million, highlighting its effective operational execution and strategic initiatives in carbon capture and power generation. BKV’s upstream operations continue to show improved efficiency, contributing to lower break-even points and strong cash flow projected through 2026. In addition to its earnings report, BKV announced a joint venture with Copenhagen Infrastructure Partners, which includes a $500 million investment to accelerate growth in its carbon capture business. Citi analysts have reiterated a Buy rating for BKV Corp, maintaining a price target of $29, following a visit to the company’s facilities and noting the potential for increased utilization at the Temple power plant. The company’s strategic partnerships and investments underscore its commitment to innovation and sustainability, positioning it well to capitalize on the growing demand for low-carbon energy solutions. BKV’s financial health is further supported by a low net leverage ratio and positive adjusted free cash flow.

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