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Debt (Tables)
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments

The following table summarizes the Company’s debt balances:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31,

​

  ​ ​ ​

2025

  ​ ​ ​

2024

​

​

Principal

​

Carrying

​

Principal

​

Carrying

(in thousands)

​

Value

  ​ ​ ​

Value

​

Value

  ​ ​ ​

Value

Current portion of Temple I Loan Agreements

​

$

191,000

​

$

191,000

​

$

—

​

$

—

Current portion of Temple Term Loan Facility

 

​

10,000

 

​

9,387

 

​

10,000

 

​

9,387

Total current portion of long-term debt, net

 

​

201,000

 

​

200,387

 

​

10,000

 

​

9,387

Temple I Loan Agreement

 

​

—

 

​

—

 

​

210,000

 

​

210,000

RBL Credit Agreement

 

​

—

 

​

—

 

​

165,000

 

​

165,000

2030 Senior Notes (7.50%)

 

​

500,000

 

​

486,777

 

​

—

 

​

—

Temple Term Loan Facility

 

​

391,883

 

​

390,947

 

​

416,365

 

​

414,816

Temple Revolving Facility

 

​

60,000

 

​

60,000

 

​

60,000

 

​

60,000

Total debt, net

 

​

1,152,883

 

​

1,138,111

 

​

861,365

 

​

859,203

Less: current maturities of long-term debt

 

​

(201,000)

 

​

(200,387)

 

​

(10,000)

 

​

(9,387)

Total long-term debt, net

​

$

951,883

​

$

937,724

​

$

851,365

​

$

849,816

Debt Instrument Redemption On or after October 15, 2027, BKV Upstream Midstream may, on any one or more occasions, redeem all or part of the 2030 Senior Notes at the redemption prices set forth below, plus accrued and unpaid interest, if any, to, but not including, the applicable redemption date, if redeemed during the 12-month period beginning on October 15 of the years indicated below:

​

​

​

​

​

Year

  ​ ​ ​

Percentage

 

2027

 

103.750

%

2028

 

101.875

%

2029 and thereafter

 

100.000

%