Vivakor (NASDAQ: VIVK) reported financial results for the first quarter of 2025, highlighted by a 133% year-over-year revenue increase to $37.3 million and a 345% jump in gross profit to $4.8 million, driven largely by contributions from its recently acquired Endeavor Entities. Despite a net loss of $7.5 million due to $8.2 million in non-cash expenses, the company posted positive adjusted EBITDA of $319,000 and maintains strong momentum in its core logistics and terminaling businesses. CEO James Ballengee noted that 2025 is shaping up to be a record year as contracted assets reach peak revenue levels and expansion plans are underway to meet rising demand.
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About Vivakor, Inc.
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. Its corporate mission is to develop, acquire, accumulate, and operate assets, properties, and technologies in the energy sector. Vivakor’s integrated facilities assets provide crude oil and produced water gathering, storage, transportation, reuse, and remediation services under long-term contracts.
Once operational, Vivakor’s oilfield waste remediation facilities will facilitate the recovery, reuse, and disposal of petroleum byproducts and oilfield waste products.
For more information, visit the company’s website at http://vivakor.com
NOTE TO INVESTORS: The latest news and updates relating to VIVK are available in the company’s newsroom at https://ibn.fm/VIVK
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