Natural gas producer BKV (NYSE: BKV) will be reporting earnings this Thursday before market open. Here’s what to look for.
BKV beat analysts’ revenue expectations last quarter, reporting revenues of $465.5 million, up 44.6% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates. It reported year-on-year oil production per day growth of 27.3%.
Is BKV a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting BKV’s revenue to grow 44.1% year on year, slowing from the 60.5% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. BKV has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at BKV’s peers in the upstream natural gas E&P segment, some have already reported their Q3 results, giving us a hint as to what we can expect. EQT delivered year-on-year revenue growth of 1%, beating analysts’ expectations by 0.6%, and Range Resources reported revenues up 17.9%, topping estimates by 1.3%. EQT’s stock price was unchanged after the results and Range Resources’s price followed a similar reaction.
Read our full analysis of EQT’s results here and Range Resources’s results here.
Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the upstream natural gas e&p stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.2% on average over the last month. BKV is down 9.1% during the same time.
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