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
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com