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Eric S. Jacobsen, President of Upstream at BKV Corp (NASDAQ:BKV), executed a stock sale on May 19, 2025, according to a recent SEC filing. Jacobsen sold 31,350 shares of common stock at a weighted average price of $22.0153 per share, totaling approximately $690,179. The transaction occurred as BKV shares trade near $22.22, with the company commanding a market capitalization of $1.87 billion. This transaction was conducted under a Rule 10b5-1 trading plan, which was established on December 10, 2024. Following this sale, Jacobsen retains direct ownership of 257,903 shares in the company. The shares were sold in multiple transactions, with prices ranging from $22.00 to $22.13. According to InvestingPro analysis, BKV’s stock has shown strong momentum with a 23% return over the past year, while analysts maintain a bullish outlook with a consensus high target of $33. Get access to 6 more key ProTips and comprehensive insider trading analysis with InvestingPro’s detailed research reports.
In other recent news, BKV Corporation reported a strong financial performance for the first quarter of 2025, with adjusted earnings per share (EPS) of $0.41, surpassing analyst expectations. The company achieved a revenue of $216.13 million, emphasizing its effective operational execution and strategic initiatives in carbon capture and power generation. BKV’s strategic partnership with Copenhagen Infrastructure Partners, involving a $500 million investment in its carbon capture business, reflects a significant step forward in its sustainability efforts. The company maintained a low net leverage ratio, underscoring its strong financial health. Notably, BKV’s power joint venture delivered an adjusted EBITDA of $20 million, with BKV’s share being $10 million, driven by favorable market conditions. The partnership with Comstock Resources (NYSE:CRK) to decarbonize their assets highlights BKV’s commitment to expanding its carbon capture initiatives. Additionally, BKV has 58% of its 2025 natural gas hedged at $3.44/MMBtu, indicating a proactive approach to managing market fluctuations. These developments underscore BKV’s strategic focus on innovation and sustainability in the energy sector.
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