BKV Corp.'s stock plummeted 5.32% during intraday trading on Wednesday, following the release of its fourth-quarter financial results.
The natural gas producer reported adjusted earnings per share of $0.29 for the quarter, missing the average analyst estimate of $0.31. While the company's revenue of $330.1 million surpassed expectations, the earnings shortfall appears to have driven the sell-off. The results were detailed in the company's earnings release and subsequent analyst summaries published ahead of the market open.