VIVK

Dallas, TX, Aug. 21, 2026 (GLOBE NEWSWIRE) -- Vivakor, Inc. (Nasdaq: VIVK) (“Vivakor” or the “Company”), an integrated provider of energy transportation, storage, reuse and remediation services, today announced financial results for the three and six months ended June 30, 2026, highlighted by second-quarter revenue growth, a 45% increase in second-quarter gross profit and a return to positive operating income. Second Quarter 2026 Financial Highlights Revenue increased 10% to $32.1 million, from $29.1 million Gross profit increased 45% to $6.6 million, from $4.6 million Gross margin improved to 20.7%, compared to 15.7% Operating expenses decreased 43% to $6.5 million, from $11.4 million Operating income improved to approximately $0.2 million, compared to an operating loss of $6.8 million Net loss decreased 78% to $2.8 million, from $12.5 million Six Months Ended June 30, 2026 Gross profit increased 32% to $12.4 million, from $9.3 million Operating expenses decreased 35% to $14.6 million, from $22.6 million Supply & Trading generated $40.0 million of revenue during the first six months of 2026 The improvement in Vivakor’s 2026 results reflects the continued expansion of its Supply & Trading business and improved profitability across its midstream operations. Supply & Trading generated $26.5 million of revenue and approximately $1.1 million of gross profit during the second quarter and $40.0 million of revenue during the first six months of 2026. “Our second-quarter results demonstrate the progress we are making in building a more integrated and scalable energy platform,” said James Ballengee, Chairman, President and Chief Executive Officer of Vivakor. “Second-quarter revenue increased 10%, gross profit increased 45%, and we generated positive operating income as we continued to expand our crude oil supply and trading activities while improving profitability across our midstream operations.” Ballengee continued, “Supply and Trading has quickly become an important growth driver for Vivakor, and we have carried that momentum into the second half of the year. We continue to add recurring volume and commercial activity to the VST platform, while advancing additional opportunities across our remediation and commodities businesses. We believe we are still in the early stages of scaling these businesses and remain focused on building on the momentum demonstrated by our second-quarter results.” Financial Results Revenue for the three months ended June 30, 2026 was $32.1 million, an increase of $3.0 million, or 10%, compared with $29.1 million in the prior-year period. The increase was primarily attributable to the expansion of the Company’s crude oil supply and trading activities, partially offset by lower revenues from Transportation & Logistics and Terminaling & Storage. Gross profit increased $2.1 million, or 45%, to $6.6 million, compared with $4.6 million in the prior-year period. Gross margin increased to 20.7% from 15.7%, reflecting improved profitability across the Company’s midstream operations and the continued expansion of its Supply & Trading activities. Operating expenses decreased $4.9 million, or 43%, to $6.5 million from $11.4 million in the prior-year period, primarily attributable to lower depreciation and amortization expense. Operating income was approximately $0.2 million compared with an operating loss of approximately $6.8 million in the prior-year period. Net loss attributable to Vivakor decreased to approximately $2.8 million compared with $12.5 million in the prior-year period. For the six months ended June 30, 2026, revenue was $51.6 million compared with $66.4 million in the prior-year period, primarily reflecting lower revenues from Transportation & Logistics and Terminaling & Storage, including the impact of the July 2025 divestiture of Meridian Equipment Leasing, LLC and Equipment Transport, LLC. These decreases were partially offset by the continued expansion of Supply & Trading, which generated approximately $40.0 million of revenue during the 2026 period. Despite lower consolidated revenue, gross profit increased 32% to $12.4 million from $9.3 million, while operating expenses decreased 35% to $14.6 million from $22.6 million. About Vivakor, Inc. Vivakor, Inc. is an integrated provider of sustainable energy transportation, storage, reuse and remediation services. Its corporate mission is to develop, acquire, accumulate and operate assets, properties and technologies in the energy sector. Vivakor's integrated facilities and assets provide crude oil storage, transportation, reuse and remediation services. Once operational, Vivakor's interests in oilfield waste remediation facilities are expected to facilitate the recovery, reuse and disposal of petroleum byproducts and oilfield waste products. For more information, please visit our website: www.vivakor.co Cautionary Statement Regarding Forward-Looking Statements This news release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. Forward-looking statements may be identified but not limited by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential," or "continue" and variations or similar expressions. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including, but not limited to, the expected transaction and ownership structure, the valuation of the transaction, the likelihood and ability of the parties to successfully and timely consummate planned acquisitions, the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect Vivakor or the expected benefits of the such transaction, our ability to maintain the listing of our securities on The Nasdaq Capital Market, the parties failure to realize the anticipated benefits of pending transactions, disruption and volatility in the global currency, capital, and credit markets, changes in federal, local and foreign governmental regulation, changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, and general economic conditions. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Vivakor's filings with the U.S. Securities and Exchange Commission, which factors may be incorporated herein by reference. Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. All information set forth herein speaks only as of the date hereof in the case of information about Vivakor or the date of such information in the case of information from persons other than Vivakor, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. Investor Contact:P:[email protected]

New Joint Venture Partnership Agreement Seeks Further Expansion Dallas, TX, June 10, 2026 (GLOBE NEWSWIRE) -- Vivakor, Inc. (Nasdaq: VIVK) (“Vivakor” or the “Company”), an integrated provider of energy transportation, storage, reuse, and remediation services, today is pleased to announce the execution of an agreement with Monarch R&P Management, LLC (“Monarch”), an entity affiliated with the principals of CA-2 Materials, Inc. (“CA-2”) and Red Wave Industrial, LLC ("Red Wave"), establishing Monarch Remediation & Processing I, LLC, a joint venture formed to complete commissioning and commence operations of Vivakor’s Houston-area Remediation Processing Center (“RPC”) and associated ancillary wash plant facility. Located in Harris County, Texas, the RPC facility represents an important expansion of Vivakor’s remediation and environmental processing platform. The execution of the joint venture and associated agreements mark a significant milestone as the Company and Monarch move from project development and construction activities toward commissioning, operational readiness, and the expected commencement of commercial operations in the third quarter of 2026. Under the joint venture, Vivakor and Monarch will work collaboratively to complete commissioning activities, prepare the facility for initial operations, and support the transition of the RPC into commercial service. The Company expects the RPC facility to complement its existing transportation, terminaling, storage, logistics, and supply and trading platform as Vivakor continues to build an integrated energy infrastructure and environmental services business. Vivakor Chairman and Chief Executive Officer James Ballengee commented, “The execution of our agreement with Monarch represents an important step in advancing our Houston RPC facility from construction into commissioning and anticipated commercial operations. This milestone reflects continued execution against our strategy to expand Vivakor’s integrated platform while adding sustainable environmental processing capabilities that are highly complementary to our existing midstream operations.” Ballengee continued, “We believe Monarch brings valuable operational experience and local market knowledge that can support the successful launch of the facility. Together, we are focused on completing commissioning activities, preparing the RPC for initial operations, and positioning the project for commercial activity beginning in the third quarter of 2026.” J. Tyler Willis of Monarch added, “We believe this joint venture brings together highly complementary strengths. Vivakor contributes remediation technology, logistics capabilities, and a broader energy infrastructure platform, while Monarch brings local waste management and environmental services experience through its affiliation with CA-2 Materials and Red Wave Industrial. Together, we are focused on completing commissioning and building a reliable, compliant operation that can serve producers and industrial customers across the region.” The Houston RPC is expected to serve as the first facility within Vivakor’s planned domestic remediation platform. The Company intends to provide additional updates as commissioning progresses and operational milestones are achieved. 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 interest in oilfield waste remediation facilities will facilitate the recovery, reuse, and disposal of petroleum byproducts and oilfield waste products. For more information, please visit our website: http://vivakor.com Cautionary Statement Regarding Forward-Looking StatementsThis news release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. Forward-looking statements may be identified but not limited by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential," or "continue" and variations or similar expressions. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including, but not limited to, the expected transaction and ownership structure, the valuation of the transaction, the likelihood and ability of the parties to successfully and timely consummate planned acquisitions, the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect Vivakor or the expected benefits of the such transaction, our ability to maintain the listing of our securities on The Nasdaq Capital Market, the parties failure to realize the anticipated benefits of pending transactions, disruption and volatility in the global currency, capital, and credit markets, changes in federal, local and foreign governmental regulation, changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, and general economic conditions. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Vivakor's filings with the U.S. Securities and Exchange Commission, which factors may be incorporated herein by reference. Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. All information set forth herein speaks only as of the date hereof in the case of information about Vivakor and the Endeavor Entities or the date of such information in the case of information from persons other than Vivakor and the Endeavor Entities, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. Forecasts and estimates regarding the Endeavor Entities industries and markets are based on sources we believe to be reliable; however, there can be no assurance these forecasts and estimates will prove accurate in whole or in part. Investor Contact:P:[email protected]

Dallas, TX, June 09, 2026 (GLOBE NEWSWIRE) -- Vivakor, Inc. (Nasdaq: VIVK) (“Vivakor” or the “Company”), an integrated provider of energy transportation, storage, reuse, and remediation services, today announced financial and operational results for the three months ended March 31, 2026. Key Financial Highlights for the Three Months Ended March 31, 2026: • Gross margin improved to 29.4% compared to 12.7% in the prior-year period• Gross profit increased 20% to $5.7 million;• Operating expenses decreased to $8.1 million from $11.2 million in the prior-year period;• Supply and Trading generated $13.6 million in revenue; and• Revenue totaled $19.5 million. Revenue Mix Reflects Strategic Focus on Higher-Margin Midstream and Trading Operations: • Transportation and Logistics: $0.4 million;• Transportation and Logistics (related party): $3.6 million;• Terminaling and Storage: $0.1 million;• Terminaling and Storage (related party): $1.7 million; and• Supply and Trading: $13.6 million. The Company’s revenue mix during the quarter reflected its strategic focus on integrated logistics, infrastructure utilization, and supply and trading operations. Management Commentary: Vivakor Chairman and Chief Executive Officer James Ballengee commented, “During the first quarter of 2026, we continued executing our strategy to optimize Vivakor’s integrated midstream platform by focusing on higher-margin operations, improving asset utilization, and expanding our supply and trading activities. The operational restructuring initiatives completed during 2025 contributed to improved gross margins, lower operating expenses, and a more focused operating platform.” Ballengee continued, “We continue prioritizing execution across our transportation, terminaling, storage, and supply and trading operations while advancing our remediation processing initiatives. We remain focused on prudent capital management while continuing to strengthen operational execution across our transportation, terminaling, storage, and supply and trading businesses.” Financial Results for Three Months Ended March 31, 2026: • Revenue for the three months ended March 31, 2026, was $19.5 million, compared to $37.3 million in the prior-year period. The decrease in revenue compared to the prior-year period primarily reflected the Company’s previously announced divestiture of certain non-core operations during 2025 as part of its strategic focus on streamlining operations and concentrating resources on core midstream, logistics, and trading activities.• Gross profit increased $1.0 million, or 20%, to $5.7 million, compared to $4.8 million in the prior-year period. Gross margin increased to 29.4% from 12.7% in the prior-year period, reflecting improved operating efficiencies, changes in revenue mix, and the Company’s continued focus on higher-margin integrated logistics and trading activities.• Operating expenses decreased to $8.1 million from $11.2 million in the prior-year period. Amortization and depreciation expense decreased to $2.6 million from $5.8 million following the divestiture of non-core assets and revisions to estimated useful lives of certain equipment. • Net loss attributable to Vivakor, Inc. for the three months ended March 31, 2026, improved to $4.6 million, compared to $7.5 million in the prior-year period. 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 interest in oilfield waste remediation facilities will facilitate the recovery, reuse, and disposal of petroleum byproducts and oilfield waste products. For more information, please visit our website: http://vivakor.com Cautionary Statement Regarding Forward-Looking Statements This news release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. Forward-looking statements may be identified but not limited by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential," or "continue" and variations or similar expressions. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including, but not limited to, the expected transaction and ownership structure, the valuation of the transaction, the likelihood and ability of the parties to successfully and timely consummate planned acquisitions, the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect Vivakor or the expected benefits of the such transaction, our ability to maintain the listing of our securities on The Nasdaq Capital Market, the parties failure to realize the anticipated benefits of pending transactions, disruption and volatility in the global currency, capital, and credit markets, changes in federal, local and foreign governmental regulation, changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, and general economic conditions. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Vivakor's filings with the U.S. Securities and Exchange Commission, which factors may be incorporated herein by reference. Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. All information set forth herein speaks only as of the date hereof in the case of information about Vivakor and the Endeavor Entities or the date of such information in the case of information from persons other than Vivakor and the Endeavor Entities, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. Forecasts and estimates regarding the Endeavor Entities industries and markets are based on sources we believe to be reliable; however, there can be no assurance these forecasts and estimates will prove accurate in whole or in part. Investor Contact:P:[email protected]

Dallas, TX, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Vivakor, Inc. (Nasdaq: VIVK) (“Vivakor” or the “Company”), an integrated provider of energy transportation, storage, reuse, and remediation service, today announced financial and operational results for the three and nine months ended September 30, 2025. Key Financial Highlights for the Three Months Ended September 30, 2025 (YoY): Revenue increased 7% to $17.0 million; Gross profit increased 173% to $4.7 million; Gross margin improved 1700 basis points to 27.8%; Adjusted EBITDA increased to approximately $4 million, reflecting significant operational improvements; Total assets at $160.1 million; and Stockholders’ equity at $64.0 million. Revenue Breakdown: Transportation and Logistics: $4.7 million Transportation and Logistics (related party): $2.5 million Terminaling and Storage (related party): $0.9 million Supply and Trading: $8.9 million Divestiture on July 30, 2025 On July 30, 2025, Vivakor completed the sale of certain non-core business units of Meridian Equipment Leasing, LLC and Equipment Transport, LLC—subsidiaries formerly acquired with the Endeavor Entities in October 2024. The divestitures were executed as part of the Company’s strategic plan to streamline operations and sharpen its focus on core midstream transportation, terminaling, and environmental processing services. The transaction generated approximately $11 million in net consideration and resulted in the elimination of approximately $59 million of debt, significantly improving Vivakor’s credit profile and strengthening its overall capital structure. By exiting the produced water transportation segment, the Company expects to realize meaningful annualized interest expense savings. The divestiture also enhances operational efficiency and frees up both capital and management resources to concentrate on higher-margin, higher-growth business lines aligned with Vivakor’s long-term strategic direction. Management Commentary Vivakor Chairman and Chief Executive Officer James Ballengee commented, “This third quarter represents a pivotal turning point for Vivakor. In July, we completed the divestiture of non-performing assets, a strategic move that strengthened our balance sheet and sharpened our focus on core, high-growth opportunities. Our remaining midstream assets, including our trucking fleet, pipeline infrastructure, crude oil transfer stations, terminal equipment, and storage facilities, are now better aligned to support and create synergies with our expanding supply and trading platform.” Ballengee continued, “We are particularly excited about the momentum in our supply and trading business. With the recent closing of an intermediation facility and the expected launch of our Remediation Processing Center in Houston during the first quarter of 2026, we are well positioned for continued growth. Early commodity trading transactions in crude oil and liquefied petroleum gas have been highly encouraging, and we are focused on accelerating activity across these markets. This initiative enhances our ability to manage commodity flows, integrate volumes across our transportation and terminal assets, and generate immediate, accretive revenue while diversifying and expanding our crude oil marketing capabilities.” Vivakor Chief Financial Officer Kimberly Hawley added, “With the divestiture and several capital initiatives now completed, we have significantly strengthened our liquidity profile and enhanced our financial flexibility. Since taking on the role of CFO, my priority has been to execute a disciplined and accretive capital plan that expands our working capital resources to support increased customer demand. We are now well positioned to scale our trading and logistics operations efficiently while maintaining a strong balance sheet, financial stability, and operational agility.” Financial Results for Three Months Ended September 30, 2025 Revenue for the three months ended September 30, 2025, increased $1.1 million, or 7%, to $17.0 million, compared to $15.9 million in the prior-year period. The increase was primarily driven by higher activity within our transportation and logistics and terminaling and storage segments, largely attributable to the operations of the Endeavor Entities acquired in the business combination completed on October 1, 2024. Gross profit increased $3.0 million, or 173%, to $4.7 million, compared to $1.7 million for the three months ended September 30, 2024. Gross margin expanded to 27.8%, up from 10.8% in the prior-year period, reflecting operational efficiencies and improved mix across our service offerings. Operating loss increased $7.1 million, or 361%, to $9.0 million, compared to $1.9 million in the third quarter of 2024. The 2025 operating loss included $4.28 million in non-cash expenses, comprised of $3.0 million of depreciation and amortization and $1.28 million in stock-based compensation. This compares to $1.59 million of non-cash expenses in the prior-year period, including $1.1 million of depreciation and amortization and $0.49 million of stock-based compensation. Adjusted EBITDA for the three months ended September 30, 2025, improved by $5.5 million to $4.0 million from a loss of $1.5 million for the same period in 2024. Adjusted EBITDA reflects EBITDA further adjusted for non-cash and one-time items, including unrealized gains/losses on marketable securities, stock compensation, non-qualified option expenses, loss on conversion of debt, and loss on disposition of assets. These adjustments totaled approximately $9.9 million for the three months ended September 30, 2025, and $0.83 million for the three months ended September 30, 2024. Net loss for the three months ended September 30, 2025, was $36.0 million, an increase of $34.3 million compared to a net loss of $1.7 million in the prior-year period. Net loss per share was ($2.09), compared to ($0.06) in the third quarter of 2024. The increase was primarily driven by the non-cash loss on conversion of debt of $9.8 million and non-cash interest expense of $14.4 million. 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, please visit our website: http://vivakor.com Cautionary Statement Regarding Forward-Looking Statements This news release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. Forward-looking statements may be identified but not limited by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential," or "continue" and variations or similar expressions. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including, but not limited to, , the expected transaction and ownership structure, the valuation of the transaction, the likelihood and ability of the parties to successfully and timely consummate planned acquisitions, the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect Vivakor or the expected benefits of the such transaction, our ability to maintain the listing of our securities on The Nasdaq Capital Market, the parties failure to realize the anticipated benefits of pending transactions, disruption and volatility in the global currency, capital, and credit markets, changes in federal, local and foreign governmental regulation, changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, and general economic conditions. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Vivakor's filings with the U.S. Securities and Exchange Commission, which factors may be incorporated herein by reference. Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. All information set forth herein speaks only as of the date hereof in the case of information about Vivakor and the Endeavor Entities or the date of such information in the case of information from persons other than Vivakor and the Endeavor Entities, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. Forecasts and estimates regarding the Endeavor Entities industries and markets are based on sources we believe to be reliable; however, there can be no assurance these forecasts and estimates will prove accurate in whole or in part. Investors Contact: P:949-281-2606 [email protected]

Entered 2025 With Approximately $160 Million Projected Annualized Revenue Run-Rate DALLAS, TX / ACCESS Newswire / April 16, 2025 / Vivakor, Inc. (Nasdaq:VIVK) ("Vivakor" or the "Company"), an integrated provider of energy transportation, storage, reuse, and remediation service, today announced financial and operational results for the twelve months ended December 31, 2024. Key Financial Highlights for the Three Months Ended December 31, 2024 (yoy): Revenue increased 201% to $41.7 million; Gross profit increased 746% to $5.7 million; Gross margin of 20.01%; Adjusted EBITDA increased to $5.3 million; and Acquired transportation logistics business segment adds $18.8 million to revenue, $5 million in gross profit, and realized a 27% gross profit margin. Key Financial Highlights for the Year Ended December 31, 2024: Revenue increased 51% to $89.8 million; Gross profit increased 104% to $10.2 million; Gross margin of 11.4%; Adjusted EBITDA increased to $5.6 million; Acquired transportation logistics business segment adds $18.8 million to revenue, $5 million in gross profit, and realized a 27% gross profit margin, and EBITDA of $1.4 million; Terminaling and storage business segment revenues increased $11.8 million or 19.84%, gross profit increased 5.4%, and EBITDA of $3.4 million. Total assets increased $170.7 million, which is primarily attributed to the close of our business combination acquisition on October 1, 2024, and includes $87.7 million in property plant and equipment, primarily made up of our newly acquired truck fleet, our forty-five (45) mile integrated crude oil gathering and pipeline in Blaine County, Oklahoma (our Omega Gathering Pipeline), and 15 crude oil pipeline injection truck stations; and Stockholders' equity increased $98.7 million. Key Business Highlights: Own and operate a combined fleet of commercial tractors and trailers for the hauling of crude oil and produced water, predominantly located in the Permian and Eagle Ford Basins; Own and operate the Omega Gathering Pipeline, a crude oil pipeline and exclusive connected blended and processing facility in Blaine County, Oklahoma; Own and operate 15 crude oil pipeline injection truck stations, the majority of which are centered in the Permian Basin; and Own and operate two operational major crude oil terminaling facilities, located in Colorado City, Texas, and Delhi, Louisiana Management Commentary Vivakor Chairman and Chief Executive Officer James Ballengee commented, "This past year we completed the second phase of our transformation of Vivakor, fortifying our evolution as a diversified infrastructure company, with midstream assets in logistics, gathering and storage, as well as sustainable assets in environmental services, remediation and processing solutions. We are pleased with our 2024 financial results, with the fourth quarter of 2024 representing our first consolidated quarter, putting us on the path for approximately $160 million projected annualized revenue." Ballengee concluded, "Our midstream crude oil logistics, storage and gathering operations are a solid platform from which to build upon. Contracted revenue is at its highest level in company history and provides us a predictable financial model. Based on this contracted revenue and track record of strategic growth, Vivakor believes 2025 could shape up to be another record year. By maintaining a strong focus on financial responsibility and operational efficiency, we aim to maximize shareholder value, while advancing our growth mission to expand organically and through acquisitions in 2025 and thereafter." 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, please visit our website: http://vivakor.com Cautionary Statement Regarding Forward-Looking Statements This news release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. Forward-looking statements may be identified but not limited by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential," or "continue" and variations or similar expressions. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including, but not limited to, , the expected transaction and ownership structure, the valuation of the transaction, the likelihood and ability of the parties to successfully and timely consummate planned acquisitions, the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect Vivakor or the expected benefits of the such transaction, our ability to maintain the listing of our securities on The Nasdaq Capital Market, the parties failure to realize the anticipated benefits of pending transactions, disruption and volatility in the global currency, capital, and credit markets, changes in federal, local and foreign governmental regulation, changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, and general economic conditions. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Vivakor's filings with the U.S. Securities and Exchange Commission, which factors may be incorporated herein by reference. Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. All information set forth herein speaks only as of the date hereof in the case of information about Vivakor and the Endeavor Entities or the date of such information in the case of information from persons other than Vivakor and the Endeavor Entities, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. Forecasts and estimates regarding the Endeavor Entities industries and markets are based on sources we believe to be reliable; however, there can be no assurance these forecasts and estimates will prove accurate in whole or in part. Investors Contact: P:949-281-2606 [email protected] ClearThink [email protected] SOURCE: Vivakor View the original press release on ACCESS Newswire