BKV

Q2 FY2026 EarningsQ2 FY26 results presented a challenging landscape with significant variances against consensus: revenue of $295.4M missed expectations by 10.05%, while GAAP EPS of $0.14 fell 51.2% short of the $0.2871 mean estimate. Despite a massive beat in Cash from Operations ($185.2M vs. $95.3M expected), high capital intensity led to a significant miss in Free Cash Flow (-$112.4M). The divergence between operational cash generation and net profitability suggests high non-cash expenses or hedging impacts affecting the bottom line.