BKV (BKV) Proxy filing summary

Executive summary

• Achieved strong financial results in 2025, maintaining a healthy balance sheet and disciplined growth across business lines.

• Expanded upstream operations with the Bedrock acquisition, enhancing inventory and production capabilities.

• Advanced carbon capture initiatives, including a partnership with Copenhagen Infrastructure Partners and progress on Barnett Zero.

• Increased ownership in a key power joint venture, positioning assets to benefit from rising ERCOT demand.

• Maintained positive free cash flow, low leverage, and disciplined capital allocation.

Voting matters and shareholder proposals

• Stockholders will vote to elect four Class II directors to serve until the 2029 Annual Meeting.

• Ratification of PricewaterhouseCoopers LLP as independent registered public accounting firm for 2026.

• Board recommends voting FOR all director nominees and auditor ratification.

Board of directors and corporate governance

• Board consists of 12 members with diverse skills in leadership, finance, energy, and risk management.

• BNAC, as majority shareholder, designates 8 of 12 directors; company operates as a "controlled company" under NYSE rules.

• Four directors qualify as independent under NYSE standards; Audit & Risks Committee is fully independent.

• Board committees include Audit & Risks, Compensation, and Nominations & Governance, with defined charters and responsibilities.

• Board met 12 times in 2025; all directors attended at least 75% of meetings.