BKV (BKV) Proxy Filing summary

Executive summary

• Four business lines—power, carbon capture, upstream, and midstream—are integrated to deliver scalable, reliable, and profitable decarbonized energy solutions, with a focus on innovation and operational excellence.

• The company achieved a successful NYSE listing in September 2024, reinforcing its commitment to growth, transparency, and long-term value creation.

• Upstream business performance fueled portfolio growth, while carbon capture initiatives advanced with multiple FIDs and a robust project pipeline.

• Power generation in ERCOT is positioned for growth, driven by demand from data centers and AI infrastructure.

Voting matters and shareholder proposals

• Shareholders will vote to elect four Class I directors to serve until the 2028 Annual Meeting.

• Ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for fiscal year ending December 31, 2025, is on the agenda.

• Shareholders can vote in person, by mail, telephone, or online, and may submit questions during the virtual meeting.

Board of directors and corporate governance

• The board consists of 12 members with diverse skills in executive leadership, risk management, energy, finance, EHSR, geology, M&A, and operations.

• As a controlled company, a majority of the board and key committees are not required to be independent, except for the Audit & Risks Committee.

• BNAC holds approximately 75.41% of outstanding shares and designates nine of twelve board members.

• The board met 12 times in 2024, with high attendance rates for board and committee meetings.

• Corporate governance documents, including codes of conduct and committee charters, are available online.