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BKV has finalized the acquisition of a 75% stake in BKV-BPP Power, increasing its ownership from 50% for $115.1 million. This transaction, announced on October 29, 2025, involves cash and newly issued shares, providing BKV with increased control over the joint venture, which includes the Temple I and II power plants.

The move aligns with BKV's closed-loop energy strategy and aims to meet rising power demand in Texas driven by AI and data center growth. The acquisition allows BKV to consolidate the JV's financial results, enhancing transparency in cash flow and aligning power operations with BKV's growth objectives. BKV, a natural gas producer, continues to focus on expanding its energy value chain and sustainable energy solutions.