Welcome to our dedicated page for Vivakor news (Ticker: VIVK), a resource for investors and traders seeking the latest updates and insights on Vivakor stock.
Vivakor Inc (NASDAQ: VIVK) delivers integrated energy solutions through crude oil logistics and environmental remediation technologies. This news hub provides investors with essential updates about the company’s midstream operations, strategic acquisitions, and sustainable practices.
Access official press releases detailing contractual developments in oil transportation, innovations in soil remediation systems, and expansions of pipeline networks. Track announcements about operational milestones including facility upgrades, partnership agreements, and regulatory compliance achievements.
Discover updates on Vivakor’s patented Remediation Processing Centers and their role in converting contaminated materials into reusable resources. Stay informed about financial disclosures, asset management strategies, and industry leadership in environmentally responsible energy services.
Bookmark this page for streamlined access to verified information about VIVK’s dual focus on traditional oil logistics and clean technology applications. Regularly updated content ensures timely awareness of developments impacting the company’s position in sustainable energy markets.
Vivakor, Inc. (NASDAQ:VIVK) received a notice from Nasdaq on April 20, 2023, for failing to timely file its annual report on Form 10-K for the fiscal year ended December 31, 2022. This non-compliance with Nasdaq Listing Rule 5250(c)(1) does not immediately impact the trading of its securities. Vivakor must submit a plan to regain compliance within 60 days from the notice date and may receive an extension of up to 180 days, until October 16, 2023, if accepted. The company aims to file its Form 10-K promptly, prior to the plan submission deadline. Vivakor focuses on clean energy solutions, particularly in oil remediation, operating subsidiaries that engage in crude oil gathering and environmentally friendly recovery of hydrocarbons.
Vivakor, Inc. (NASDAQ:VIVK) has announced the establishment of a new Board of Directors, enhancing its governance with independent directors who possess extensive experience in the oil and gas industry and capital markets. The board consists of John R. Harris, Albert Johnson, David Natan, and CFO Tyler Nelson. Each member brings valuable expertise in public company operations, midstream and downstream sectors, and financial management. This restructuring aims to bolster Vivakor's strategy in navigating capital markets and advancing its clean energy technologies.
Vivakor, Inc. (NASDAQ: VIVK) reported a remarkable 1,118% increase in revenue to $11.8 million for Q3 2022 compared to the same period last year, driven by oil and natural gas liquid sales from acquisitions. The company's gross profit rose to $1.2 million, with a gross margin of 10.3%. Additionally, the net loss decreased 46% to $1.6 million. Following the quarter, prominent oil industry expert James Ballengee was appointed as CEO. Vivakor's pro-forma revenue for the nine months ended September 30, 2022 is $47.7 million, reflecting combined results from acquisitions.
Vivakor Appoints New CEO
Vivakor, Inc. (NASDAQ:VIVK) has announced the appointment of oil industry veteran James Ballengee as Chief Executive Officer and Chairman of the Board. With over 20 years in the energy sector, Ballengee's leadership is expected to drive growth following Vivakor's recent acquisition of Silver Fuels Delhi, LLC and White Claw Colorado City, LLC for $37.4 million, which generated $33 million in revenue in 2021. Under his guidance, Vivakor aims to enhance its focus on environmentally friendly technologies while expanding its midstream oil and gas capabilities.
FAQ
What is the current stock price of Vivakor (VIVK)?
What is the market cap of Vivakor (VIVK)?
