Vivakor completed its first major $24 million crude‑oil transaction, marking the launch of its trading platform, Vivakor Supply & Trading (VST).
The deal was executed in the Permian Basin, leveraging Vivakor’s midstream assets—including its trucking fleet, terminal facilities, and the Omega Gathering Pipeline—and VST will recognize approximately 1 % of the contract value as revenue.
The transaction follows a $40 million commodity intermediation credit facility secured on October 23, 2025, and a $3.5 million direct offering, providing capital to support the new trading operations.
Vivakor’s trailing‑twelve‑month revenue as of June 30, 2025, was $124.1 million, up 98.8 % year‑over‑year, but the company reported net losses and a distressed Altman Z‑Score, indicating financial challenges.
CEO James Ballengee said the transaction validates Vivakor’s strategy to integrate trading with its midstream assets, enhancing supply‑chain control and value capture across the crude‑oil chain.
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