Vivakor provides FY25 outlook

The company said, “Having expanded its strong foundation in 2024, Vivakor (VIVK) is now looking ahead to continue to expand its diversified infrastructure assets even further in 2025. Based on its contracted revenue, Vivakor believes 2025 could shape up to be another record year, as it exited 2024 on an annual projected revenue run-rate of greater than $160M.” “Thanks to the support of our shareholders, lenders, business partners, operating and management teams and Board of Directors, Vivakor had a highly successful 2024, expanding our business organically and through acquisitions, highlighted with the closing of the acquisition of the Endeavor Entities. The Vivakor team has been, and continues to, work tirelessly to fully integrate and improve efficiencies from the business combination with those entities, and I couldn’t be more pleased with the results,” stated James Ballengee, CEO. “This past year was transformative for our Company and a testament to 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. In gathering and storage, Vivakor moves over 300,000 barrels/month through various assets. In logistics, Vivakor owns and operates over 165 crude oil transportation units in every major domestic oil production basin and over 105 water transportation trucks in south and west Texas. In environmental services, Vivakor’s technology is the only approved Recycling Processing Center approved by the Kuwait Oil Company to successfully reduce oil concentration in soil to less than 0.5%. 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.”