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Vivakor Inc (NASDAQ: VIVK) delivers integrated energy solutions through crude oil logistics and environmental remediation technologies. This news hub provides investors with essential updates about the company’s midstream operations, strategic acquisitions, and sustainable practices.
Access official press releases detailing contractual developments in oil transportation, innovations in soil remediation systems, and expansions of pipeline networks. Track announcements about operational milestones including facility upgrades, partnership agreements, and regulatory compliance achievements.
Discover updates on Vivakor’s patented Remediation Processing Centers and their role in converting contaminated materials into reusable resources. Stay informed about financial disclosures, asset management strategies, and industry leadership in environmentally responsible energy services.
Bookmark this page for streamlined access to verified information about VIVK’s dual focus on traditional oil logistics and clean technology applications. Regularly updated content ensures timely awareness of developments impacting the company’s position in sustainable energy markets.
Vivakor (NASDAQ:VIVK), a company specializing in energy transportation, storage, reuse, and remediation services, has announced its Annual Shareholder Meeting details. The meeting will be held in-person only on September 11, 2025, at 9:00 a.m. CST at 2278 Monitor Street, Dallas, Texas.
Shareholders of record as of August 13, 2025 will be eligible to vote either in person or by proxy. The company has provided an email contact (info@vivakor.com) for shareholders requiring assistance.
Vivakor (Nasdaq: VIVK) has set August 20, 2025, as the record date for its special dividend distribution of Adapti, Inc. (OTCID: ADTI) shares to VIVK shareholders. The company will distribute its 206,595 Adapti shares (13.5% ownership) to eligible shareholders, with stockholders receiving approximately 0.0079 ADTI shares per VIVK share.
The special dividend, valued at approximately $0.75 million based on Adapti's current share price of $3.50, excludes 20,963,229 shares held by VIVK's CEO and former CFO who waived their dividend rights. Adapti, Inc., a mandatory SEC reporting company, recently acquired The Ballengee Group, LLC, a Dallas-based baseball sports management agency previously controlled by Vivakor's CEO.
Vivakor (NASDAQ:VIVK) has announced the strategic sale of its non-core business units, Meridian Equipment Leasing and Equipment Transport, subsidiaries of Vivakor Transportation. The transaction yields $11 million in net consideration and eliminates $59 million in debt, significantly improving the company's financial position.
The divestiture marks Vivakor's exit from the produced water transportation sector, with the sold units previously operating truck and trailer fleets serving the Permian and Eagle Ford Basins. The company will now focus on its core operations in crude oil transportation, midstream infrastructure, and environmental remediation services, particularly emphasizing reuse technologies.
CEO James Ballengee noted that while transportation volumes decreased slightly due to global events, the company's long-term contracts and operational adjustments helped maintain performance.
Vivakor (NASDAQ:VIVK) reported a successful 2024 and provided outlook for 2025, highlighting its highest contracted revenue level in company history. The company exited 2024 with an annual projected revenue run-rate exceeding $160 million.
Key 2024 achievements include:
- Completion of the $120 million acquisition of Endeavor Entities, expanding operations with 10-year take-or-pay contracts
- Pipeline expansion project in Blaine County, Oklahoma's STACK play
- Completion of factory acceptance tests for Remediation Processing Center in Houston
- Formation of Vivakor Supply & Trading division
The company now moves over 300,000 barrels/month through various assets, operates 165 crude oil transportation units across major oil production basins, and 105 water transportation trucks in Texas. Their technology is exclusively approved by Kuwait Oil Company for soil remediation.
Vivakor (NASDAQ:VIVK) reported strong financial results for Q4 2024, with revenue surging 201% year-over-year to $41.7 million. The company's gross profit increased 746% to $5.7 million, with a gross margin of 20.01%.
For the full year 2024, revenue grew 51% to $89.8 million, with gross profit up 104% to $10.2 million. The newly acquired transportation logistics business segment contributed $18.8 million to revenue with a 27% gross margin. The terminaling and storage segment saw revenues increase by $11.8 million (19.84%).
Total assets increased by $170.7 million, primarily due to a business combination acquisition completed on October 1, 2024. This includes $87.7 million in property plant and equipment, comprising a newly acquired truck fleet, a 45-mile crude oil gathering pipeline in Oklahoma, and 15 crude oil pipeline injection truck stations. The company entered 2025 with approximately $160 million projected annualized revenue run-rate.
Vivakor (NASDAQ:VIVK) has completed the construction of additional gathering lines connected to its Omega Pipeline System in Blaine County, Oklahoma. The expansion project, approved in October 2024 following the Endeavor Entities acquisition, was completed ahead of schedule and under budget. The project includes two new gathering lines and is expected to immediately increase customer volumes from connected oil production. The Omega Pipeline System spans approximately 40 miles, serving the STACK play in Oklahoma's Anadarko Basin, with connections to the Cushing storage hub via Plains STACK Pipeline and is supported by a fleet of about two dozen trucks.
Vivakor (NASDAQ:VIVK) has updated the timeline for its merger with Empire Diversified Energy, moving the expected closing from 2024 to Q1 2025. The delay is attributed to Vivakor's recent acquisition of the Endeavor Entities, which closed on October 1, 2024. The merger terms include Empire becoming a wholly-owned subsidiary of Vivakor through an exchange of 67.2 million shares, with 7.5% held in escrow and 65% subject to a 12-month lock-up period. Empire must maintain $2.5 million in unrestricted cash at closing. The merger requires stockholder approval, a fairness opinion, and registration of shares via Form S-4.