Bkv (BKV) Operating Expenses (2023 - 2026)

Bkv's (BKV) quarterly Operating Expenses came in at $346.8 million in Q1 2026, up 25.59% year-on-year from $276.2 million in Q1 2025, and up 51.14% quarter-over-quarter from $229.5 million in Q4 2025.

Bkv (BKV) Operating Expenses (2023 - 2026) Analysis & Trends

Bkv has disclosed Operating Expenses across 4 years of filings, most recently posting $346.8 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $346.8 million, up 25.59% year-over-year; the trailing twelve-month figure through Mar 2026 was $965.5 million (up 16.93% YoY), and the FY2025 annual result was $791.2 million, up 7.53% from the prior year.
  • Operating Expenses came in at $346.8 million for Q1 2026 at Bkv, up from $229.5 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $346.8 million in Q1 2026 to a low of $176.1 million in Q4 2024.
  • The 4-year median for Operating Expenses is $195.6 million (2025), against an average of $219.8 million.
  • Across the five-year window, Operating Expenses dropped 27.79% in 2024 and surged 48.25% in 2025, its largest moves.
  • Bkv's Operating Expenses stood at $243.8 million in 2023, then retreated by 27.79% to $176.1 million in 2024, then surged by 30.34% to $229.5 million in 2025, then soared by 51.14% to $346.8 million in 2026.
  • The last three Operating Expenses figures came in at $346.8 million (Q1 2026), $229.5 million (Q4 2025), and $195.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Woodside Energy 630.08 Bn 624.14 Bn - -
2 Canadian Natural Resources 388.31 Bn 388.31 Bn 6.72 Bn 1.04 Bn
3 Conocophillips 142.98 Bn 136.61 Bn 9.48 Bn 2.28 Bn
4 Eog Resources 72.93 Bn 69.08 Bn - 4.32 Bn
5 Occidental Petroleum 55.91 Bn 52.73 Bn 4.87 Bn 1.12 Bn
6 Diamondback Energy 54.95 Bn 61.11 Bn 4.22 Bn 4.12 Bn
7 Vista Energy, S.A.B. de C.V 35.18 Bn 34.56 Bn 472.36 Mn -52.32 Mn
8 Eqt 32.94 Bn 36.28 Bn 2.98 Bn 54.87 Mn
9 Vermilion Energy 31.24 Bn 31.05 Bn 370.10 Mn 103.33 Mn
10 Bkv 2.60 Bn 2.32 Bn 375.73 Mn 346.82 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 346.82 Mn
Dec 31, 2025 229.47 Mn
Sep 30, 2025 195.56 Mn
Jun 30, 2025 193.65 Mn
Mar 31, 2025 276.16 Mn
Dec 31, 2024 176.05 Mn
Sep 30, 2024 194.08 Mn
Jun 30, 2024 179.38 Mn
Mar 31, 2024 186.28 Mn
Dec 31, 2023 243.82 Mn
Sep 30, 2023 196.66 Mn