VIVK News & Events

Vivakor (VIVK) announced that it has executed an amendment to its previously announced letter of intent with Olenox (OLOX) in connection with the proposed sale of the company's CPE Gathering MidCon business. The amendment establishes a target closing date of July 31. Since execution of the original letter of intent, the parties have continued to advance due diligence, obtain required third-party consents, negotiate definitive transaction documentation and satisfy other customary closing requirements. To provide adequate time to complete these remaining items, the parties have agreed to target a July 31 closing and continue working toward execution of definitive transaction agreements and satisfaction of all remaining closing conditions. The approximately $36M transaction value reflects CPE Gathering's expected annual EBITDA of approximately $4.56M generated under the company's take-or-pay contractual arrangements.

Vivakor announced that it has reset the payment date of its previously announced special dividend to September 5. The payment date has been extended to September 5. The record date and all other terms of the previously announced special dividend remain unchanged, and no action is required by eligible shareholders. The extension provides additional time to complete the administrative and regulatory steps necessary to facilitate the distribution of the dividend.

Vivakor announced that its commodities trading platform, Vivakor Supply & Trading, has entered into a new recurring crude oil transaction covering approximately 100,000 barrels of WTI crude oil per month through the Enterprise Products Cushing Terminal. The agreement is scheduled to commence in August and continue through July 2027. Based on expected volumes and current market pricing, the transaction is anticipated to generate approximately $7.5M in revenue per month, representing approximately $90M in annualized gross revenue. The arrangement further expands VST's recurring commercial activity in the Cushing market. Including this transaction, Vivakor estimates that its recurring contracted commercial activities and announced supply and trading arrangements now represent approximately $420M in annualized contracted revenue opportunities based on current pricing assumptions and expected volumes

Vivakor announced that its commodities trading platform, Vivakor Supply & Trading, has entered into a recurring crude oil transaction covering approximately 2,000 barrels of crude oil per day delivered through Vivakor-operated pipeline-connected facilities in West Texas and New Mexico, further expanding the Company's growing portfolio of recurring commercial arrangements. The arrangement is scheduled to commence July 1, 2026 and is structured as a one-month evergreen agreement that automatically renews unless terminated by either party.