Energy transportation firm Vivakor's Q3 revenue rises 7%

Reuters
Nov 20
Energy transportation firm Vivakor's Q3 revenue rises 7%

Nov 20 (Reuters) - Overview

  • Vivakor Q3 revenue increased 7% to $17 mln, driven by transportation and logistics

  • Gross profit rose 173% to $4.7 mln, with gross margin improving to 27.8%

  • Company completed divestiture, eliminating $59 mln in debt, improving capital structure

Outlook

  • Vivakor expects to launch its Remediation Processing Center in Houston in Q1 2026

  • Company anticipates growth in supply and trading business

  • Vivakor aims to scale trading and logistics operations efficiently

Result Drivers

  • DIVESTITURE IMPACT - Sale of non-core units reduced debt by $59 mln, improving capital structure and operational efficiency

  • SUPPLY AND TRADING GROWTH - Increased activity in crude oil and LPG markets boosted supply and trading segment

  • OPERATIONAL IMPROVEMENTS - Gross margin increased due to operational efficiencies and improved service mix

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$17 mln

Q3 EPS

-$2.09

Q3 Net Income

-$36 mln

Q3 Gross Margin

27.80%

Press Release: ID:nGNX1vRRfW

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