Vivakor, Inc.
Vivakor, Inc. is a U.S.-based midstream and environmental services company organized around crude oil terminaling, storage, transportation, and supply-and-trading activities. Through its subsidiaries, it operates crude oil facilities in Texas and Louisiana and is developing remediation processing infrastructure for oilfield waste and related byproducts.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueCrude oil facilities that receive, handle, blend, store, and distribute hydrocarbons.
Purchase, aggregation, marketing, and resale of crude oil and related products.
Movement of crude oil and petroleum products through owned and affiliated logistics assets.
Processing of oilfield solid waste into saleable byproducts and related services.
Supporting equipment leasing, site services, and related operational support.
Products
Reported · share of revenue- Revenues80.6 %
- Revenues Related Party19.4 %
Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
Vivakor serves upstream producers, midstream counterparties, and industrial customers that need crude oil handling, storage, and transport capacity. Its trading activity also connects it with buyers and sellers of crude oil, condensate, and natural gas liquids, while its remediation platform is aimed at operators generating oilfield waste. Customer demand is tied to production volumes, pipeline access, and the need for compliant disposal or processing solutions.
They use terminaling, storage, and transport services to move crude and related products to market.
They contract for hub access, blending, and distribution through Vivakor's facilities.
They buy and sell crude oil, condensate, and NGLs through supply-and-trading arrangements.
They are the target customers for remediation processing and waste-to-byproduct services.
They use ancillary equipment and site services tied to Vivakor's operating footprint.
Strategy
Vivakor's strategy is to build an integrated platform that combines midstream logistics with commodity marketing and environmental services. The company is also developing remediation processing capacity to extend its business beyond traditional terminaling and trading into waste conversion and related byproducts.
Integration can improve customer stickiness and improve access to supply and end markets.
Environmental services can diversify revenue and monetize oilfield waste streams.
Trading can increase throughput and connect production to end-market demand.
Geography
Vivakor's operating footprint is concentrated in the United States, with crude oil terminals in Colorado City, Texas and Delhi, Louisiana, plus a remediation project under development in Harris County, Texas. The company also has subsidiary and ownership interests in Texas, Pennsylvania, Nevada, Utah, Delaware, and Qatar, reflecting a structure built around U.S. midstream assets and selected international interests.
Risks
Vivakor is exposed to commodity price volatility, throughput variability, and counterparty dependence because a large part of its business depends on moving and reselling hydrocarbons. The company also faces financing and dilution risk from convertible instruments, while its remediation buildout adds execution and permitting risk typical of early-stage environmental infrastructure projects.
Outstanding convertible instruments may require additional authorized common stock if the share price remains weak.
Exposure: Common stock issuance capacity and financing flexibility
Supply-and-trading and terminaling results depend on hydrocarbon volumes and market conditions.
Facility volumes can be affected by renegotiations or changes in customer relationships.
Exposure: Delhi facility and related pipeline-linked sales
The remediation platform is still under development and must be completed and commercialized.
Exposure: RPC construction and startup
Accounting
Judgemental itemsThe timing of when control transfers can materially affect reported quarterly revenue.
Impact: Affects revenue and gross profit timing
Interest expense can change with prime-rate movements and debt balances.
Impact: Affects financing costs and net loss
Publicly traded holdings can create unrealized gains or losses.
Impact: Affects other income and earnings volatility
Ownership interests in subsidiaries and joint ventures affect how results are attributed.
Impact: Affects net income attributable to Vivakor
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Last updated: 24/09/2026