Energy
Vivakor Expands Annualized Contracted Revenue to Approximately $420 Million with New Cushing Crude Oil Transaction
Latest Supply & Trading Agreement Represents Significant Progress Toward Company's Long-Term Objective of $1 Billion in Annualized Commercial Activity Dallas, TX, June 25, 2026 (GLOBE NEWSWIRE) -- Vivakor, Inc. (Nasdaq: VIVK) (“Vivakor” or the “Company”), an integrated provider of energy transportation, storage, reuse, and remediation services, today announced that its commodities trading platform, Vivakor Supply & Trading, LLC ("VST"), has entered into a new recurring crude oil transaction cove
About this update from Vivakor, Inc.
Latest Supply & Trading Agreement Represents Significant Progress Toward Company's Long-Term Objective of $1 Billion in Annualized Commercial Activity Dallas, TX, June 25, 2026 (GLOBE NEWSWIRE) -- Vivakor, Inc. (Nasdaq: VIVK) ("Vivakor" or the "Company"), an integrated provider of energy transportation, storage, reuse, and remediation services, today announced that its commodities trading platform, Vivakor Supply & Trading, LLC ("VST"), has entered into a new recurring crude oil transaction covering approximately 100,000 barrels of WTI crude oil per month through the Enterprise Products Cushing Terminal. The agreement is scheduled to commence in August 2026 and continue through July 2027. Based on expected volumes and current market pricing, the transaction is anticipated to generate approximately $7.5 million in revenue per month, representing approximately $90 million in annualized gross revenue. The arrangement further expands VST's recurring commercial activity in the Cushing market, one of North America's most important crude oil trading hubs, and reflects Vivakor's continued execution of its integrated infrastructure and supply & trading strategy. Including this transaction, Vivakor estimates that its recurring contracted commercial activities and announced supply and trading arrangements now represent approximately $420 million in annualized contracted revenue opportunities based on current pricing assumptions and expected volumes. The Company believes this milestone reflects the continued growth of its integrated infrastructure and supply & trading platform and represents meaningful progress toward its long-term objective of $1 billion in annualized commercial activity. Since the beginning of 2026, Vivakor has announced multiple recurring crude oil marketing and supply agreements across key domestic producing and trading regions, including Cushing, the Bakken, and the Permian Basin. Management believes this growing portfolio of recurring commercial relationships strengthens the Company's revenue visibility while increasing utilization across its infrastructure platform. "This transaction further strengthens our commercial presence in one of North America's most important crude oil trading hubs," said James Ballengee, Chairman and Chief Executive Officer of Vivakor. "Cushing remains a critical market for crude oil storage, transportation, and pricing, and we continue to see opportunities to expand recurring commercial activity through our growing supply and trading platform."