Dallas, TX, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Vivakor, Inc. (OTCPINK: VIVK) (“Vivakor” or the “Company”), an integrated provider of energy transportation, storage, reuse, and remediation service, today announced that it has executed a non-binding Letter of Intent to sell its midstream business and transportation assets of CPE Gathering MidCon, LLC (“CPE Gathering”) to Olenox Industries, Inc. (NASDAQ: OLOX) for approximately $36 million. Vivakor is the owner and operator of the Omega pipeline system, an inte ...

Olenox Industries Inc. (NASDAQ:OLOX) inked a non-binding Letter of Intent to acquire the midstream business and transportation assets of CPE Gathering MidCon, LLC from Vivakor, Inc. (OTC:VIVK) for around $36 million. Olenox Industries is a vertically integrated energy company operating across three synergistic divisions – Oil and Gas, Energy Services, and Energy Technologies. The company acquires and optimizes underdeveloped oil and gas assets in Texas, Kansas, and Oklahoma while supporting field operati ...

CONROE, Texas, Jan. 29, 2026 (GLOBE NEWSWIRE) -- via IBN -- Olenox Industries Inc. (NASDAQ: OLOX) ("Olenox Industries" or the "Company"), today announced that it has executed a non-binding Letter of Intent to acquire the midstream business and transportation assets of CPE Gathering MidCon, LLC ("CPE Gathering") from Vivakor, Inc. (OTC: VIVK), owner and operator of the Omega pipeline system, an integrated crude-oil gathering, transportation, terminaling and pipeline connection platform serving the Oklahoma S ...

Core Viewpoint - Vivakor, Inc. has announced a rescheduled payment date for its special dividend to shareholders, now set for April 30, 2026, due to delays in required filings with the U.S. Securities and Exchange Commission [1][2]. Group 1: Special Dividend Announcement - The payment date for the special dividend has been adjusted to April 30, 2026, to allow time for necessary filings with the SEC [1][2]. - The special dividend will be distributed to holders of record of Vivakor common shares as of September 5, 2025, which is the previously announced ex-dividend date [3]. Group 2: Company Overview - Vivakor, Inc. is an integrated provider of energy transportation, storage, reuse, and remediation services, focusing on developing and operating assets in the energy sector [5]. - The company currently holds 206,595 shares of Adapti, Inc., which has recently acquired a sports agency to integrate with its AdaptAI software platform [4].

Core Viewpoint - Vivakor, Inc. has signed a non-binding letter of intent to acquire Coyote Oilfield Services, aiming to enhance its midstream capabilities and provide integrated infrastructure solutions across the energy value chain [1][2]. Company Overview - Vivakor, Inc. is an integrated provider of energy transportation, storage, reuse, and remediation services, focusing on developing and operating assets in the energy sector [6]. - The company’s facilities offer crude oil storage, transportation, and remediation services under long-term contracts [6]. Acquisition Details - The acquisition of Coyote Oilfield Services is expected to significantly expand Vivakor's midstream capabilities by integrating expertise in pipeline development, terminal operations, and energy marketing [2][3]. - Coyote is recognized for its growth-oriented approach in energy infrastructure and logistics, with a strong track record in designing and operating crude oil pipeline and terminal assets [3]. Strategic Benefits - The acquisition is anticipated to enhance Vivakor's ability to optimize volumes and improve asset utilization, thereby strengthening relationships with producers, marketers, refiners, and end-use customers [4]. - Coyote's marketing capabilities and established industry relationships are expected to deepen Vivakor's market presence and customer engagement [4]. Leadership Insights - Vivakor's CEO, James Ballengee, expressed enthusiasm about the partnership, highlighting the operational and commercial strengths that Coyote brings to enhance Vivakor's midstream platform [5]. - Coyote's CEO, Michael Duffy, emphasized the strategic fit of the acquisition, noting that it will allow for more efficient project delivery and better support for customers in key energy markets [5]. Timeline - The parties involved are working towards definitive agreements, with a targeted closing date on or before February 28, 2026, subject to customary conditions [5].

Core Viewpoint - Vivakor Inc. experienced a significant stock surge of 40.98% to $0.072 in after-hours trading following the disclosure of regulatory and financial developments [1] Group 1: Regulatory Developments - The company received a notice from Nasdaq's Listing Qualifications Department for failing to comply with Listing Rule 5635(d), which mandates shareholder approval for transactions issuing 20% or more of outstanding shares below the minimum price [2] - This determination is based on two registered direct offerings in October, where 10,909,090 shares were issued at $0.22 on October 24, and 10,600,000 shares at $0.18 on October 30 [2] - Vivakor has 45 calendar days to submit a compliance plan, and if accepted, Nasdaq may grant extensions of up to 180 days [3] Group 2: Financial Developments - The company received eight conversion notices from lenders, converting $507,172.86 of amounts owed into 15.42 million common shares, with the original notes issued in June totaling an aggregate principal of $5.11 million [4] Group 3: Trading Metrics - The stock's Relative Strength Index (RSI) is at 26.39, indicating a persistent bearish trend, with a 95.64% drop over the past 12 months [5] - Vivakor's market capitalization stands at $9.02 million, with a 52-week trading range between $0.05 and $1.49, currently trading at just 0.07% of its 52-week range [5] - The stock closed regular trading down 14.57% at $0.051, reflecting a negative price trend across all time frames [6]

Core Insights - Vivakor, Inc. has achieved approximately $65 million in total debt reduction year-to-date in 2025, enhancing its balance sheet strength and financial flexibility [1][2][3] Debt Reduction Details - The debt reduction was primarily driven by the strategic divestiture of non-core assets in July, which generated approximately $11 million in net consideration and eliminated roughly $59 million of debt [2] - Following the divestiture, Vivakor executed targeted restructuring and conversion to equity transactions, resulting in an additional $6 million of debt reduction [2] Management Commentary - The Chairman and CEO, James Ballengee, emphasized that reducing debt and strengthening the capital structure has been a central focus throughout 2025, marking the $65 million debt reduction as a critical milestone for long-term operational and financial success [3] - The recent $11.2 million registered direct offering with D. Boral Capital LLC is expected to bolster working capital and support the company's financial strategy [3] Company Overview - Vivakor, Inc. is an integrated provider of energy transportation, storage, reuse, and remediation services, focusing on developing and operating assets in the energy sector [4]

Core Insights - Vivakor, Inc. has executed its first international fuel transaction into Mexico through its commodities trading platform, Vivakor Supply & Trading (VST), marking a significant milestone in its expansion into international fuel markets [2][3][4] Company Overview - Vivakor, Inc. is an integrated provider of energy transportation, storage, reuse, and remediation services, operating fleets of oilfield trucking services in the continental United States [5] - The company's mission is to develop, acquire, accumulate, and operate assets, properties, and technologies in the energy sector, providing services under long-term contracts [5] International Expansion - The transaction into Mexico signifies VST's initial entry into cross-border refined product markets, showcasing the company's capability to expand beyond domestic crude oil and LPG operations [3][4] - Vivakor's international growth strategy is bolstered by its integrated midstream infrastructure, regulatory processes, and specialized trading capabilities, ensuring compliance and auditable operations [3][4] Revenue Recognition - VST anticipates recognizing revenue based on its role as an intermediary within the supply chain once the transaction is executed, with actual revenue varying depending on market conditions and transaction structure [4]

Core Points - Vivakor, Inc. will hold a Special Meeting of the Shareholders on December 22, 2025, at 10:00 a.m. CST in Dallas, Texas [1] - The record date for stockholders entitled to vote at the meeting is November 26, 2025 [2] - Proxy materials will be mailed to stockholders on or about December 10, 2025 [3] Company Overview - Vivakor, Inc. is an integrated provider of sustainable energy transportation, storage, reuse, and remediation services, operating fleets of oilfield trucking services in the continental United States [4] - The company's mission is to develop, acquire, accumulate, and operate assets, properties, and technologies in the energy sector [4] - Vivakor's facilities provide crude oil gathering, storage, transportation, reuse, and remediation services under long-term contracts [4] - The company also operates oilfield waste remediation facilities to recover, reuse, and dispose of petroleum byproducts and oilfield waste products [4]

Core Insights - Vivakor, Inc. reported significant financial and operational results for the three and nine months ended September 30, 2025, highlighting a strategic shift towards core business areas and improved financial metrics [1][8]. Financial Highlights - Revenue for the three months ended September 30, 2025, increased by 7% to $17.0 million compared to $15.9 million in the prior-year period, driven by higher activity in transportation and logistics and terminaling and storage segments [7][11]. - Gross profit surged by 173% to $4.7 million, with gross margin improving by 1700 basis points to 27.8%, reflecting operational efficiencies [7][11]. - Adjusted EBITDA improved to approximately $4 million, a significant turnaround from a loss of $1.5 million in the same period of 2024 [7][11]. - Net loss for the three months ended September 30, 2025, was $36.0 million, an increase of $34.3 million compared to a net loss of $1.7 million in the prior-year period, primarily due to non-cash losses [7][11]. Strategic Developments - On July 30, 2025, Vivakor completed the divestiture of non-core business units, generating approximately $11 million in net consideration and eliminating about $59 million of debt, which improved the company's credit profile [3][4]. - The divestiture is expected to yield annualized interest expense savings and enhance operational efficiency, allowing the company to focus on higher-margin business lines [5][6]. - Management expressed optimism about the momentum in the supply and trading business, with plans for a Remediation Processing Center in Houston expected to launch in Q1 2026 [6]. Operational Insights - The company operates one of the largest fleets of oilfield trucking services in the continental United States, focusing on sustainable energy transportation, storage, reuse, and remediation services [9]. - The remaining midstream assets, including trucking fleet and pipeline infrastructure, are now better aligned to support the expanding supply and trading platform [6].