BKV Corp
For the period ended Sep 30, 2024. Filed Nov 13, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 13, 2024
BKV$18.96+2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND MEZZANINE EQUITY
| Stockholders' Equity · Mezzanine Equity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock · Treasury · Additional Paid-In Capital · Retained Earnings · Total Stockholders' Equity · Common Stock · Equity-based Compensation · Total Mezzanine Equity | ||||||||||
| Shares · Amount · Shares · Amount | ||||||||||
| Balance, December 31, 2023 | 63,873 | $1,283 | $(4,582) | $1,034,144 | $267,368 | $1,298,213 | 2,403 | $59,988 | $126,966 | $186,954 |
| Net loss | — | — | — | — | (38,585) | (38,585) | — | — | — | — |
| Adjustment of minority ownership puttable shares to redemption value | — | — | — | (1,548) | — | (1,548) | — | 1,548 | — | 1,548 |
| Adjustment of equity-based compensation to redemption value | — | — | — | (495) | — | (495) | — | — | 495 | 495 |
| Common stock issued upon settlement of RSUs | — | — | — | — | — | — | 69 | — | — | — |
| Equity-based compensation | — | — | — | — | — | — | — | — | 1,073 | 1,073 |
| Balance, March 31, 2024 | 63,873 | $1,283 | $(4,582) | $1,032,101 | $228,783 | $1,257,585 | 2,472 | $61,536 | $128,534 | $190,070 |
| Net loss | — | — | — | — | (59,697) | (59,697) | — | — | — | — |
| Adjustment of minority ownership puttable shares to redemption value | — | — | — | 1,060 | — | 1,060 | — | (1,060) | — | (1,060) |
| Adjustment of equity-based compensation to redemption value | — | — | — | 194 | — | 194 | — | — | (194) | (194) |
| Common stock issued upon settlement of RSUs | — | — | — | — | — | — | 9 | — | — | — |
| Equity-based compensation | — | — | — | — | — | — | — | — | 1,072 | 1,072 |
| Balance, June 30, 2024 | 63,873 | $1,283 | $(4,582) | $1,033,355 | $169,086 | $1,199,142 | 2,481 | $60,476 | $129,412 | $189,888 |
| Net income | — | — | — | — | 12,869 | 12,869 | — | — | — | — |
| Adjustment of minority ownership puttable shares to redemption value | — | — | — | 17,477 | — | 17,477 | — | (17,477) | — | (17,477) |
| Adjustment of equity-based compensation to redemption value | — | — | — | 9,611 | — | 9,611 | — | — | (9,611) | (9,611) |
| Redemption of common stock issued upon vesting of equity-based compensation | — | 1 | (2,077) | 2,076 | — | — | (73) | — | (2,077) | (2,077) |
| Common stock issued upon settlement of RSUs, net of shares withheld | — | — | — | — | — | — | 2,618 | — | (53,239) | (53,239) |
| Redemption of common stock issued from employee stock purchase plan | — | — | (4) | 4 | — | — | — | (4) | — | (4) |
| Issuance of common stock upon initial public offering, net of offering costs | 15,000 | 150 | — | 241,826 | — | 241,976 | — | — | — | — |
| Mezzanine equity conversion | 5,026 | 71 | — | 117,917 | — | 117,988 | (5,026) | (42,995) | (74,993) | (117,988) |
| Equity-based compensation | — | — | — | 166 | — | 166 | — | — | 10,508 | 10,508 |
| Balance, September 30, 2024 | 83,899 | $1,505 | $(6,663) | $1,422,432 | $181,955 | $1,599,229 | — | $— | $— | $— |
| The accompanying notes are an integral part of these condensed consolidated financial statements. | 6 |
|---|
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND MEZZANINE EQUITY
| Stockholders' Equity · Mezzanine Equity | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock · Treasury · Additional Paid-In Capital · Retained Earnings · Total Stockholders' Equity · Common Stock · Equity-based Compensation · Total Mezzanine Equity | ||||||||||||||||
| Shares · Amount · Shares · Amount | ||||||||||||||||
| Balance, December 31, 2022 | 56,373 | $1,132 | $(3,974) | $896,433 | $150,450 | $1,044,041 | 2,290 | $62,712 | $89,171 | $151,883 | ||||||
| Net income | — | — | — | — | 96,162 | 96,162 | — | — | — | — | ||||||
| Redemption of common stock issued upon vesting of equity-based compensation and other | — | 1 | (527) | 659 | — | 133 | (18) | (2) | (525) | (527) | ||||||
| Issuance of common stock upon vesting of equity-based compensation awards, net of shares withheld for income taxes | — | — | — | — | — | — | 122 | — | (2,736) | (2,736) | ||||||
| Adjustment of minority ownership puttable shares to redemption value | — | — | — | 6,871 | — | 6,871 | — | (6,871) | — | (6,871) | ||||||
| Adjustment of equity-based compensation to redemption value | — | — | — | 10,346 | — | 10,346 | — | — | (10,346) | (10,346) | ||||||
| Equity-based compensation | — | — | — | — | — | — | — | — | 3,797 | 3,797 | ||||||
| Balance, March 31, 2023 | 56,373 | $1,133 | $(4,501) | $914,309 | $246,612 | $1,157,553 | 2,394 | $55,839 | $79,361 | $135,200 | ||||||
| Net loss | — | — | — | — | (35,348) | (35,348) | — | — | — | — | ||||||
| Issuance of common stock upon vesting of equity-based compensation awards, net of shares withheld for income taxes | — | — | — | — | — | — | 11 | — | (219) | (219) | ||||||
| Adjustment of minority ownership puttable shares to redemption value | — | — | — | (86) | — | (86) | — | 86 | — | 86 | ||||||
| Adjustment of equity-based compensation to redemption value | — | — | — | (584) | — | (584) | — | — | 584 | 584 | ||||||
| Equity-based compensation | — | — | — | — | — | — | — | 6,498 | 6,498 | |||||||
| Balance, June 30, 2023 | 56,373 | $1,133 | $(4,501) | $913,639 | $211,264 | $1,121,535 | 2,405 | $55,925 | $86,224 | $142,149 | ||||||
| Net income | — | — | — | — | 18,564 | 18,564 | — | — | — | — | ||||||
| Redemption of common stock issued upon vesting of equity-based compensation and other | — | — | (75) | 75 | — | — | (3) | — | (75) | (75) | ||||||
| Issuance of common stock upon vesting of equity-based compensation awards, net of shares withheld for income taxes | — | — | — | — | — | — | 1 | — | (6) | (6) | ||||||
| Adjustment of minority ownership puttable shares to redemption value | — | — | — | 806 | — | 806 | — | (806) | — | (806) | ||||||
| Adjustment of equity-based compensation to redemption value | — | — | — | 4,612 | — | 4,612 | — | — | (4,612) | (4,612) | ||||||
| Equity-based compensation | — | — | — | — | — | — | — | — | 7,097 | 7,097 | ||||||
| Issuance of common stock | 7,500 | 150 | — | 149,855 | — | 150,005 | — | — | — | |||||||
| Balance, September 30, 2023 | 63,873 | $1,283 | $(4,576) | $1,068,987 | $229,828 | $1,295,522 | 2,403 | $55,119 | $88,628 | $143,747 | ||||||
| The accompanying notes are an integral part of these condensed consolidated financial statements. | 7 |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.