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Vivakor Reaches $65 Million in Debt Reduction Year-to-Date 2025
Globenewswire· 2025-12-11 13:30
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]
Vivakor Announces Special Shareholder Meeting to be Held on December 22, 2025
Globenewswire· 2025-11-28 14:00
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]
Vivakor Announces 7% Revenue Growth to $17.0 Million and $60 Million in Debt Reduction for Q3 2025; Raises $11.2 Million in Equity Subsequent to Quarter End
Globenewswire· 2025-11-20 13:30
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].
Vivakor to Participate in The Noble Capital Markets’ 21st Annual Emerging Growth Equity Conference
Globenewswire· 2025-11-12 13:30
Core Points - Vivakor, Inc. will present at the Noble Capital Markets' 21st Annual Emerging Growth Equity Conference on December 2-3, 2025, in Boca Raton, FL [1][3] - The conference aims to enhance visibility and engagement for small and mid-cap companies through presentations and one-on-one meetings with investors [2][3] Company Overview - Vivakor, Inc. is an integrated provider of sustainable energy transportation, storage, reuse, and remediation services, operating one of the largest fleets of oilfield trucking services in the continental United States [3] - The company's mission is to develop, acquire, accumulate, and operate assets, properties, and technologies in the energy sector [3] - Vivakor's facilities provide crude oil and produced water gathering, storage, transportation, reuse, and remediation services under long-term contracts [3] Upcoming Event Details - The conference will be held at Florida Atlantic University, Boca Raton, FL, and management will be available for one-on-one meetings with the investment community [3] - Interested parties can schedule meetings by contacting NobleCon representatives or Vivakor's investor relations [3]
Vivakor to Present at ThinkEquity Investor Conference on October 30, 2025
Globenewswire· 2025-10-24 12:00
Company Highlights - Vivakor, Inc. recently closed a $40 million credit facility aimed at expanding its crude oil trading platform [1] - The company will present at the ThinkEquity conference on October 30, 2025, where its Chairman, President, and CEO James Ballengee will discuss company highlights [3][5] - Vivakor operates one of the largest fleets of oilfield trucking services in the continental United States, focusing on sustainable energy solutions [5] Conference Details - The ThinkEquity conference will host over 700 public company advisors, institutional investors, and presenting companies, featuring one-on-one meetings, company presentations, and panel discussions [2] - Vivakor is available for one-on-one meetings with institutional analysts and investors during the conference [3] Company Overview - Vivakor is an integrated provider of energy transportation, storage, reuse, and remediation services, with a mission to develop and operate assets in the energy sector [5] - The company is working on oilfield waste remediation facilities to recover, reuse, and dispose of petroleum byproducts and oilfield waste products [6]
Vivakor Receives 180-Day Extension from Nasdaq to Regain Compliance with Minimum Bid Price Requirement
Globenewswire· 2025-09-17 12:30
Core Points - Vivakor, Inc. has received a 180-calendar-day extension from Nasdaq to regain compliance with the minimum bid price requirement, now due by March 16, 2026 [1][4] - The company was previously notified on March 18, 2025, that it did not meet the minimum bid price of $1.00 per share for 30 consecutive business days [2] - The extension was granted as the company complies with all other Nasdaq listing requirements and has indicated plans to address the bid price deficiency, potentially through a reverse stock split [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 [5] - The company offers crude oil storage, transportation, and remediation services under long-term contracts, and operates oilfield waste remediation facilities [5]
Vivakor Announces Annual Shareholder Meeting to be Held on September 11, 2025
GlobeNewswire News Room· 2025-08-04 12:30
Company Overview - Vivakor, Inc. is an integrated provider of sustainable energy transportation, storage, reuse, and remediation services, operating one of the largest fleets of oilfield trucking services in the continental United States [3] - The company's mission is to develop, acquire, accumulate, and operate assets, properties, and technologies in the energy sector [3] - Vivakor's integrated facilities provide crude oil gathering, storage, transportation, reuse, and remediation services under long-term contracts [3] - The company also operates oilfield waste remediation facilities to recover, reuse, and dispose of petroleum byproducts and oilfield waste products [3] Shareholder Meeting - Vivakor's Annual Shareholder Meeting is scheduled for September 11, 2025, at 9:00 a.m. CST, to be held in-person only at 2278 Monitor Street, Dallas, Texas [1] - Shareholders as of the August 13, 2025 record date can vote in person or by proxy, with assistance available via email [2]
VIVAKOR UNLOCKS $59 MILLION IN DEBT REDUCTION AND IMPROVES PROFITABILITY WITH STRATEGIC SALE OF NON-CORE BUSINESS UNITS
Globenewswire· 2025-07-30 13:00
Core Insights - Vivakor, Inc. has announced the sale of non-core business units, Meridian Equipment Leasing, LLC, and Equipment Transport, LLC, to focus on higher-margin growth opportunities [2][3] - The transaction is expected to provide net consideration of approximately $11 million and eliminate around $59 million in debt, significantly improving the company's credit metrics and capital structure [3] - The divestiture allows Vivakor to exit the produced water transportation sector, streamline operations, and focus on expanding crude oil transportation, midstream infrastructure, and environmental remediation services [3][4] Financial Impact - The sale results in a modest increase in net equity due to the transfer of associated assets, while also reducing the overall risk profile of the company [3] - The company anticipates meaningful annualized interest expense savings from this transaction [3] Strategic Focus - Vivakor aims to refocus efforts on high-growth segments, particularly those centered on reuse technologies, as part of its strategic realignment and disciplined financial management [3][4] - The divestiture supports the ongoing objective to raise cash, reduce expenses, and transition towards a more streamlined, capital-efficient business model [4]
Vivakor Strengthens Permian Presence with 10 Pipeline Stations, Fueling Revenue and Margin Expansion
Globenewswire· 2025-06-03 12:30
Company Overview - Vivakor, Inc. is an integrated provider of energy transportation, storage, reuse, and remediation services, focusing on the Permian and Eagle Ford Basins for growth opportunities [1][7] - The company operates one of the largest fleets of oilfield trucking services in the continental United States, aiming to develop and operate assets in the energy sector [7] Infrastructure and Operations - Vivakor owns and operates 10 pipeline injection stations in the core Permian Basin, facilitating the aggregation of crude oil transported by truck into interstate pipelines [2][6] - The company's facilities enhance crude blending and compression efficiency, supporting upstream operators and driving revenue growth as activity scales [6] Market Position - The Permian Basin is a significant contributor to U.S. crude oil and NGL production, accounting for over 40% of total U.S. oil output, which positions Vivakor favorably for future growth [6] - Vivakor's infrastructure supports its strategy to deliver vertically integrated services in one of the world's most productive oil regions, providing capital-efficient market access for producers [6]