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| Date | Value |
|---|---|
| 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 |