Vivakor, Inc. reports developments across an integrated energy platform focused on transportation, storage, reuse, remediation, and related crude oil marketing activities. Company news includes updates on transportation and logistics operations, terminaling and storage assets, oilfield waste remediation initiatives, and commercial activity through Vivakor Supply & Trading.
Recurring announcements also cover capital-structure actions such as convertible note financings, forbearance agreements, reverse stock splits, shareholder distributions, and Nasdaq Capital Market listing matters. Financial updates describe revenue mix, asset utilization, balance sheet actions, and the company’s execution of its infrastructure and commercial platform strategy.
Vivakor (Nasdaq: VIVK) engaged energy infrastructure executive Bernard Brown to support its proposed hydrogen and compressed natural gas airport fueling initiative.
The project is planned for a major international airport in Texas. Brown is expected to support technical planning, technology evaluation and execution planning. He currently serves as President and Chief Technology Officer of N2 Energy and previously served as Chief Operating Officer of Empire Diversified Energy. His experience includes engineering, permitting, financing and renewable energy project development. The airport initiative remains proposed.
Vivakor (Nasdaq: VIVK) highlighted a conditional operating agreement at Direct Midstream as its proposed $40 million acquisition of that company advances. Direct Midstream agreed with Phoenix Energy Solutions (PES) to operate 52 New Mexico wells, adding oil production operating services to its water management capabilities. Direct Midstream estimates more than $2 million in annual service revenue at targeted operating levels, subject to final fees; PES would retain asset ownership and oil production revenue.
Vivakor completed due diligence, but the acquisition still requires a definitive purchase agreement and funding. The proposed purchase would add 17 disposal facilities, nine water and brine stations and approximately 11.5 million barrels per month of permitted disposal capacity. Service commencement depends on PES completing its asset purchase, regulatory approvals, permits, bonding, insurance and an agreed fee and budget schedule.
Vivakor (VIVK) engaged Marcela Ronquillo Hinojosa as a strategic consultant to help advance its proposed airport energy infrastructure project.
The project would develop hydrogen and compressed natural gas fueling infrastructure at a major international airport in Texas. A previously announced nonbinding letter of intent seeks a long-term lease of approximately 12.9 acres, with potential future expansion into hydrogen production using airport-generated organic waste. Vivakor expects Ronquillo Hinojosa to help develop strategic relationships, identify prospective financing opportunities and coordinate partnerships for the proposed project.
Vivakor (VIVK) received a nonbinding letter of intent to negotiate an airport lease for a proposed hydrogen plant and fueling station. The October 14, 2026 letter from the operator of a Texas international airport covers approximately 12.9 acres and allows consideration of additional land.
Vivakor envisions an initial phase with hydrogen and compressed natural gas fueling infrastructure, supporting the operator’s planned acquisition of 10 hydrogen-powered buses and existing vehicles. A proposed second phase would produce hydrogen on-site using airport organic waste as potential feedstock. The lease and development remain subject to definitive agreements, Federal Aviation Administration approval, airport reviews and written approvals, and applicable local, environmental and safety requirements.
Vivakor (VIVK) completed due diligence on Direct Midstream, advancing its proposed $40 million acquisition toward a definitive purchase agreement.
The platform includes 17 saltwater disposal facilities and nine fresh water and brine stations, with approximately 11.5 million barrels per month of permitted disposal capacity. Vivakor expects the acquisition to expand its Permian Basin infrastructure and support its Remediation Processing Center strategy through water management, disposal and oil reclamation services.
The letter of intent contemplates a $10 million capital investment into Direct Midstream at closing, reducing seller consideration dollar-for-dollar within the $40 million gross purchase price. Final terms remain unresolved. Signing and completion depend on agreement on final terms, funding the contemplated investment and other applicable conditions; neither signing nor closing is assured.
Vivakor (VIVK) received approval for its P-5 Organization Report filing, advancing its Houston-area Remediation Processing Center toward commercial operations. The Railroad Commission of Texas issued an operator number, completing a regulatory prerequisite, and the facility entered technical review of its R-9 reclamation plant permit application.
Vivakor targets commercial operations in the first quarter of 2027, updating its previously issued guidance. Commencement remains subject to completion of technical review, required regulatory approvals and remaining commissioning activities. The facility is designed to process oilfield waste and recover reusable hydrocarbons; Vivakor expects it to expand its environmental services capabilities.
Vivakor (VIVK) signed a non-binding letter of intent to acquire all membership interests in Direct Midstream for a proposed $40 million. The water midstream business operates in the Permian Basin. The price equals four times Direct Midstream’s targeted 2027 free cash flow of $10 million, assuming Vivakor makes its contemplated capital investment.
At closing, Vivakor would invest $10 million in Direct Midstream, reducing seller consideration dollar-for-dollar. Assuming no debt or net working capital reductions, remaining consideration would comprise approximately $29 million of Series B Preferred Stock and $1 million of common stock. The gross price would adjust based on actual 2027 free cash flow, with minimum and maximum thresholds of $30 million and $50 million. Completion remains subject to due diligence, audited financial statements or their waiver, investment funding, an acceptable fairness opinion and a definitive purchase agreement.
Vivakor (VIVK) has entered into a non-binding indication of interest to acquire 100% of Direct Midstream’s outstanding membership interests.
The Midland, Texas-based business provides produced water infrastructure and oilfield waste management services to Permian Basin operators. It operates seventeen saltwater disposal facilities and nine fresh water and brine stations, with approximately 11.5 million barrels per month of permitted disposal capacity. Vivakor expects the proposed acquisition to expand its Permian Basin presence and add water management and waste infrastructure complementary to its existing businesses.
The indication of interest is non-binding except for certain specified provisions. The transaction remains subject to negotiations, due diligence, definitive agreements and applicable closing conditions.
Vivakor (VIVK) announced a 1-for-15 reverse stock split, expected to take effect at the opening of trading on October 5, 2026.
Every fifteen outstanding common shares will automatically combine into one share. Outstanding shares will fall from approximately 8,981,898 to approximately 598,794. Vivakor said the split is intended to increase its per-share trading price and support continued listing on the Nasdaq Capital Market. The board approved the split following a previous 1-for-20 reverse split effective July 17, 2026. Shareholders authorized one or more reverse splits over the next two years at the June 30, 2026 annual meeting.
Vivakor (VIVK) updated the timing of its previously announced special dividend of Adapti common stock. The company has engaged securities counsel to prepare and file the required registration statement to enable distribution of the Adapti shares to eligible Vivakor shareholders.
To allow completion of this process, the payment date for the special dividend has been extended from September 5, 2026 to January 29, 2027. The dividend remains payable to holders of record of Vivakor common shares as of September 5, 2025, and all other terms are unchanged. No action is required from eligible shareholders at this time.