Vivakor projects $270m Q3 revenue from crude oil marketing

Vivakor (VIVK) shares surged over 25% after announcing a $40M deal to acquire Direct Midstream, a Permian Basin water midstream operator. The transaction, valued at 4x Direct Midstream's projected 2027 free cash flow, includes $10M cash and $30M in stock. Vivakor aims to expand its regional footprint and oilfield waste-management capabilities, despite its financial challenges, including a $58M working capital deficit and $24.3M in short-term debt.

Vivakor (VIVK) shares rose 22.4% after announcing a non-binding LOI to acquire Direct Midstream for $40 million, expanding its Permian Basin operations. The deal includes $10 million in cash and preferred stock. The company's recent 1-for-15 reverse stock split, reducing shares to 598,794, may amplify volatility.

Vivakor, Inc. (VIVK) has expressed interest in acquiring Direct Midstream, a Permian Basin water midstream operator. The potential deal includes 17 SWD facilities and 11.5M barrels/month disposal capacity, but is subject to further negotiations and due diligence.

Vivakor (VIVK) announced a non-binding agreement to acquire Direct Midstream, a water midstream and oilfield waste management company in the Permian Basin. The deal would expand Vivakor's infrastructure and services in the region, adding 17 saltwater disposal facilities and 9 water stations. The transaction is subject to further negotiations and due diligence, with no assurance of completion.

Vivakor (VIVK) shares dropped 27.35% after announcing a 1-for-15 reverse stock split, reducing outstanding shares from 8.98 million to 598,794. The split is set for October 5, 2026, and was approved by stockholders. Vivakor's market cap is $4.18 million, with shares down 99.97% over the past year.

Vivakor announced Leslie D. Patterson's resignation as Executive VP and COO, effective September 24, 2026. The company did not disclose a replacement or reasons for the departure.