Business
Vivakor Revenue Soars 133% in Q1 2025 to $37.3M Gross Profit Up 345% with Record Asset Base
Margins and EBITDA Remained Strong Due to Performance of our Transportation Logistics Segment Dallas, TX, May 29, 2025 (GLOBE NEWSWIRE) -- Vivakor, Inc.
About this update from Vivakor, Inc.
[{"type":"text","content":"Margins and EBITDA Remained Strong Due to Performance of our Transportation Logistics Segment Dallas, TX, May 29, 2025 (GLOBE NEWSWIRE) -- Vivakor, Inc. (Nasdaq: VIVK) (“Vivakor” or the “Company”), an integrated provider of energy transportation, storage, reuse, and remediation service, today announced financial and operational results for the three months ended March 31, 2025. Key Financial Highlights for the Three Months Ended March 31, 2025 (yoy): Revenue increased 133% to $37.3 million;Gross profit increased 345% to $4.8 million;Gross margin of 12.7%;Adjusted EBITDA increased to $2.5 million;Total assets at $248.2 million; andStockholders’ equity at $108.8 million. Revenue breakdown: Terminaling and storage at $21.8 million;Terminaling and storage (related party) at $2.0 million;Transportation logistics at $11.0 million; andTransportation logistics (related party) at $2.5 million. Management Commentary Vivakor Chairman and Chief Executive Officer James Ballengee commented, “Our first quarter results were as expected and demonstrate the strength of our long-term contracts. While transportation volumes were down slightly due to the impact of global events and the uncertainty associated with such, our margins remained relatively flat, as we adjusted our framework of operating expenses. And as crude oil pricing dropped from the mid-$70’s to the mid-60’s during the quarter, our EBITDA remained flat.” Ballengee concluded, “Our midstream assets, comprised of vehicles and trailers, pipeline facilities, crude oil transfer stations, terminal equipment and storage tanks, are contracted at our highest revenue levels in company history. We are in midst of some expansion now with several more planned over time, which we anticipate will enable us to contract at even higher revenues to support increased demand. We believe 2025 is off to a great start and could shape up to be another record year.” Financial Results for Three Months Ended March 31, 2025 Revenue for the three months ended March 31, 2025 increased $21.3 million, or 133%, to $37.3 million, compared to $16.0 million for the three months ended March 31, 2024. This increase in revenue is primarily attributed to the sales of logistics and terminaling realized through the operations of our newly acquired Endeavor Entities’ businesses, which were acquired through a business combinatio...