The following table represents a summary of the retrospective adjustments to the statements of income for the three and six months ended June 30, 2025 to conform to the current presentation due to the BKV-BPP Power Joint Venture Transaction.


	Three Months Ended June 30, 2025		Six Months Ended June 30, 2025
(in thousands)
Increase to net income
Income from operations	$	32,950	$	26,556
Net income (loss)	$	7,739	$	(365)
Less: net income (loss) attributable to noncontrolling interest	$	4,544	$	(248)
Net income (loss) attributable to BKV	$	3,195	$	(117)

Net income per common share attributable to BKV:
Basic	$	0.04	$	—
Diluted	$	0.04	$	—

Weighted average number of common shares outstanding:
Basic	84,710		84,708
Diluted	84,834		84,789


(in thousands)	December 31, 2025
Noncontrolling interest in BKV-BPP Power	$	64,277
BKV’s interest in BKV-BPP Power	192,830
Net assets attributable to common shareholders	43,785
Net assets attributable to Banpu	127,153


	Three Months Ended June 30, 2025		Six Months Ended June 30, 2025
(in thousands, except per share amounts)
BKV-BPP Power net income (loss) attributable to noncontrolling interest	$	4,544	$	(248)
BKV-BPP Power net income (loss) attributable to BKV	$	13,632	$	(746)
BKV-BPP Power net income (loss) attributable to common shareholders	$	2,235	$	(122)
BKV-BPP Power net income (loss) attributable to Banpu	$	10,279	$	(562)

Net income attributable to common shareholders	$	25,387	$	6,404
Net income attributable to Banpu	$	82,381	$	19,385

Net income per common share attributable to common shareholders:
Basic	$	1.22	$	0.31
Diluted	$	1.22	$	0.31
Net income per common share attributable to Banpu:
Basic	$	1.29	$	0.30
Diluted	$	1.29	$	0.30

Weighted average number of common shares outstanding attributable to common shareholders:
Basic	20,833		20,833
Diluted	20,864		20,853
Weighted average number of common shares outstanding attributable to Banpu:
Basic	63,877		63,875
Diluted	63,970		63,936