BKV signs $800.0 million power equipment supply contract backed by hyperscaler

BKV's subsidiary signed an equipment supply contract on October 2, 2026, for turbines and related equipment for a prospective Texas power project, at an aggregate price of about $800.0 million. The hyperscaler that backstops about 90% of near-term payments is also the intended offtaker, and BKV may terminate the contract without further payment obligations if offtake terms are not agreed by March 31, 2027.

Key points

• Aggregate price of about $800.0 million, including $80.0 million in reservation fees previously paid that are credited against the price.
• About $200.0 million is due on or before March 31, 2027, with about 90% of that covered by a backstop agreement with an investment-grade hyperscaler.
• Equipment deliveries are scheduled between September 2028 and May 2029; BKV may terminate if offtake arrangements are not reached by March 31, 2027.

The filing

Items reported: 1.01 Material Definitive Agreement7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:45 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 07, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.