DENVER (AP) — DENVER (AP) — BKV Corp. (BKV) on Wednesday reported fourth-quarter net income of $70.4 million, after reporting a loss in the same period a year earlier.
The Denver-based company said it had profit of 75 cents per share. Earnings, adjusted for non-recurring gains, were 29 cents per share.
The natural gas producer posted revenue of $330.1 million in the period. Its adjusted revenue was $259.9 million.
For the year, the company reported net income of $173.1 million, or $1.98 per share, swinging to a profit in the period. Revenue was reported as $903.7 million.
BKV shares have increased slightly more than 9% since the beginning of the year. The stock has risen 30% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BKV at https://www.zacks.com/ap/BKV
