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) is an energy infrastructure and environmental services company that regularly issues news about its transportation, storage, reuse, remediation, and commodity trading activities. The VIVK news feed on Stock Titan aggregates these announcements so investors can see how the company is executing on its stated mission to develop, acquire, accumulate, and operate assets, properties, and technologies in the energy sector.
According to recent press releases, Vivakor provides crude oil transportation services through trucking fleets and the Omega Gathering Pipeline, and offers terminaling and storage services for crude oil and related byproducts, including waste streams. The company also emphasizes sustainable energy transportation and oilfield waste remediation, noting that its facilities are intended to support recovery, reuse, and disposal of petroleum byproducts and oilfield waste products.
News items for VIVK commonly cover topics such as special dividend announcements, debt reduction and balance sheet initiatives, registered direct offerings of common stock and pre-funded warrants, and developments in its Vivakor Supply & Trading (VST) platform. VST-related news has included the initiation of crude oil and liquefied petroleum gas (LPG) trades and the execution of an agreement for an international fuel transaction into Mexico, supported by a physical commodity intermediation facility.
Investors following Vivakor’s news can also see updates on strategic divestitures of non-core assets, planned acquisitions in midstream services, settlement agreements and governance changes, and participation in investor conferences. This mix of operational, financial, and corporate governance disclosures provides context for how Vivakor manages its midstream infrastructure, hazardous waste-related remediation activities, and trading operations over time. Bookmark this page to quickly access the latest VIVK news releases and company communications as they are reported.
Vivakor reported a significant 111% revenue growth to $59.3 million for the year 2023. Gross profit increased by 75% to $5.0 million with a gross margin of 8.5%. Operating loss decreased by 72% to $6.3 million. Adjusted EBITDA saw a remarkable 122% increase to $0.5 million. Net loss decreased by 45% to $10.7 million. The company signed definitive merger agreements with Empire Diversified Energy and Endeavor Entities, foreseeing a combined enterprise value of $370 million.
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