Vivakor, Inc. (VIVK): Business Model Canvas [Dec-2025 Updated]

You're digging into the mechanics of Vivakor, Inc. (VIVK) as of late 2025, and honestly, what we see is a midstream and environmental services player actively stitching together a complex post-acquisition structure. With trailing 12-month revenue hitting $125 million as of September 30, 2025, the core value hinges on integrating its patented Remediation Processing Centers (RPCs) technology-approved by the Kuwait Oil Company-with solid logistics, like the exclusive trucking agreement in Permian/Eagle Ford and $23 million in external funding. This isn't just about moving oil; it's about vertically integrating logistics, remediation, and supply trading, so you need to see how their $160.1 million asset base supports those long-term contracts. Dive into the canvas below to see exactly where the costs are stacking up against those diverse revenue streams.

Vivakor, Inc. (VIVK) - Canvas Business Model: Key Partnerships

You're looking at the core relationships Vivakor, Inc. (VIVK) has locked in to secure its infrastructure revenue and fund its environmental expansion. These aren't just casual agreements; they are multi-year commitments that underpin the company's projected revenue run-rate, which exceeded $160 million at the end of 2024.

Long-Term Throughput Guarantees with White Claw Crude, LLC

The 10-year take-or-pay contracts with White Claw Crude, LLC are definitely a cornerstone of revenue stability. These agreements, which began on January 1, 2024, provide revenue visibility extending through 2034. This de-risks the midstream segment against market swings, which is smart business.

Here's a breakdown of the guaranteed minimums under these agreements, which were solidified following Vivakor, Inc.'s acquisition of White Claw Colorado City, LLC (WCCO):

Also, WCCO owns a 120,000 barrel oil storage tank located in the Permian Basin.

Strategic Capital Infusion and Trucking Exclusivity

Vivakor, Inc. signed a term sheet in late 2025 with a non-affiliate counterparty for a substantial capital raise designed to accelerate oil marketing and remediation growth. This is structured as the issuance of $25 million in Series B Convertible Preferred Stock.

The expected funding of up to $23 million is earmarked for specific operational boosts:

• $15 million in restricted cash to support the crude oil marketing credit facility.
• $3 million in unrestricted working capital for immediate needs.
• At least $5 million in remediation assets and infrastructure.

A critical component tying this funding to operational commitment is the counterparty's agreement to exclusively use Vivakor, Inc.'s trucking fleet in the Permian and Eagle Ford Basins for three years. This exclusivity is key for improving fleet utilization rates and driving predictable revenue across the transportation segment.

Kuwait Oil Company (KOC) Technology Validation

The relationship with the Kuwait Oil Company (KOC) centers on the validation of Vivakor, Inc.'s environmental remediation technology. As of April 2025, the Recycling Processing Center (RPC) technology is the only one approved by KOC that successfully reduces oil concentration in soil to below 0.5%.

This approval follows prior work, such as the relocation of RPC #2 to Kuwait, which was supported by secured loan financing totaling $1.95 million. The successful pilot results showed treated soil with Total Petroleum Hydrocarbons (TPH) between 0.2% and 0.4%.

The key partnership details are:

• Technology: Recycling Processing Center (RPC).
• Approval Status: Only RPC technology approved by Kuwait Oil Company.
• Performance Benchmark: Soil TPH reduced to less than 0.5%.

Finance: draft 13-week cash view by Friday.

Vivakor, Inc. (VIVK) - Canvas Business Model: Key Activities

You're looking at the core engine of Vivakor, Inc. (VIVK) as of late 2025. These are the actual activities driving the business, grounded in the numbers we've seen through the third quarter of 2025. The company is heavily focused on integrating its midstream assets with its newer trading arm.

Operating crude oil gathering, storage, and transportation facilities

Vivakor, Inc. maintains a critical logistics hub function, primarily anchored in the Permian and Eagle Ford Basins. The company owns and operates 10 strategically located pipeline injection stations in the core Permian Basin across Texas and New Mexico. These facilities are key for receiving and aggregating crude oil that arrives via truck before throughputting it into major interstate pipelines like Centurion (Lotus), Plains Basin Pipeline (PAA), and the West Texas System (EPD). The Terminaling and Storage segment is where the majority of revenue comes from, which is telling about the importance of these fixed assets. For instance, the gathering and storage facilities for Silver Fuels Processing, LLC (SFP) carry a minimum contract guarantee of 230,000 barrels per month of throughput at a rate of $0.275 per barrel. Also, a pipeline gathering contract with CPE Gathering Midcon, LLC guarantees minimum pipeline throughput revenue of $200,000 per month. As of early 2025, management indicated that Vivakor moves over 300,000 barrels/month through its various gathering and storage assets.

Here's a quick look at the scale of the infrastructure supporting this activity:

Managing a large fleet of oilfield trucking and water transportation services

The logistics side of the business relies on a substantial fleet to move product to and from the gathering and terminaling facilities. Vivakor, Inc. operates 165 crude oil transportation units that cover all major U.S. oil-producing basins. Additionally, the company manages 105 water transportation trucks, which are specifically located in South and West Texas. This trucking capability is locked in via contracts; for example, the Endeavor Crude, LLC contract with White Claw Crude, LLC guarantees a volume of 75,000 barrels of crude oil to be transported each day. This activity showed up in the Q3 2025 revenue breakdown as $4.7 million for Transportation and Logistics and another $2.5 million from a related party within that segment. Furthermore, a September 2025 term sheet secured an exclusivity commitment for the counterparty to use Vivakor's trucking fleet for three years in the Permian and Eagle Ford Basins, which should help stabilize fleet utilization rates.

Conducting environmental remediation of contaminated soil and oilfield waste

Vivakor, Inc. is active in environmental solutions, using its patented technology for soil remediation. A significant past contract involved remediating 500,000 tons of contaminated soil in Kuwait, with a rate of $20 per ton processed. More recently, in September 2025, a term sheet was signed that allocated at least $5 million in tangible assets, including land, equipment, and crude oil inventory, specifically for the remediation segment. The company emphasizes that its Recycling Processing Center (RPC) technology is the only one approved by the Kuwait Oil Company to reduce oil concentration in soil to less than 0.5%. If onboarding takes 14+ days, churn risk rises.

Executing petroleum commodities trading and marketing through Vivakor Supply & Trading (VST)

The newest major activity involves direct commodity execution through Vivakor Supply & Trading (VST). This segment is growing fast; for the three months ended September 30, 2025, Supply and Trading revenue was $8.9 million, contributing significantly to the total Q3 2025 revenue of $17.0 million. VST executed its first international fuel transaction into Mexico, marking an entry into cross-border refined product markets. Domestically, VST launched a $24 million commodity trade transaction in the Permian Basin on October 30, 2025. This trading capability is supported by significant credit backing; Vivakor completed a $40 million commodity intermediation credit facility in October 2025. The September 2025 term sheet also earmarked $15 million in restricted cash for a credit facility dedicated to crude oil marketing and trading activities. To be fair, the company also recently completed a first major Liquid Petroleum Gas (LPG) transaction valued at approximately $23 million, leveraging that new credit facility.

The financial scale of the VST activity is clear in the recent quarterly results:

Finance: draft 13-week cash view by Friday.

Vivakor, Inc. (VIVK) - Canvas Business Model: Key Resources

You're looking at the core assets Vivakor, Inc. (VIVK) brings to the table right now. These are the tangible and intangible things that make their business model work, so let's lay out the hard numbers and physical assets as of late 2025.

The financial foundation shows Total assets of $160.1 million as of September 30, 2025. This figure represents the sum of everything the company controls across its logistics, storage, and remediation segments.

The physical logistics capability is substantial, centered on moving crude oil and related products across key US basins. Here's a breakdown of the fleet size:

• Over 165 crude oil transportation units.
• Over 105 water transportation trucks.

The integrated midstream infrastructure is a critical component, especially the Omega Pipeline System. This asset is an approximately 45-mile crude oil gathering and shuttle pipeline located in Blaine County, Oklahoma, serving the STACK play in the Anadarko Basin. This system saw expansion with two new gathering lines completed, connecting it to the Cushing, Oklahoma storage and trading hub via the Plains STACK Pipeline.

The proprietary environmental technology is anchored by the Patented Remediation Processing Centers (RPCs). These RPCs are designed to separate oils and hydrocarbons from soils, allowing both the oil and the soil to be recycled and reused. The company has RPCs operating in Vernal, Utah, and Kuwait, with further deployment planned for Houston, Texas.

The Utah oil sands deposits in the Uinta basin, Eastern Utah, feed the remediation process there. The potential output from the Utah RPCs is quite specific, which you can see mapped out here:

The company's ability to execute on its remediation contracts is tied directly to these processing centers. For instance, the Kuwait contract involves cleaning 433k tons over its term.

Also, Vivakor, Inc. is actively using these assets to enter new revenue channels, such as the commodities trading platform, which recently initiated its first major commodity transaction valued at $24 million.

Vivakor, Inc. (VIVK) - Canvas Business Model: Value Propositions

You're looking at the core value Vivakor, Inc. delivers across its integrated energy services platform. It's about tying together logistics, environmental cleanup, and commodity marketing into one package.

Integrated, full-cycle energy logistics and environmental services

Vivakor, Inc. offers a full loop of services, moving from getting the product out of the ground to cleaning up the byproducts. This integration is reflected in its recent financial scale. For the first quarter of 2025, Vivakor, Inc. reported revenue up 133% to $37.3 million compared to the same period last year. The gross profit for that quarter was $4.8 million, resulting in a gross margin of 12.7%. By the third quarter of 2025, revenue was $17.0 million, and the gross profit had jumped 173% to $4.7 million, showing an expanded gross margin of 27.8% for that period. The company exited 2024 with an annual projected revenue run-rate of greater than $160 million. As of June 2025, the company's total assets stood at $244.5 million.

The logistics backbone supporting this value proposition includes a substantial fleet:

• Owns and operates over 165 crude oil transportation units in major domestic oil production basins.
• Operates over 105 water transportation trucks in south and west Texas.
• Moves over 300,000 barrels/month through its gathering and storage assets.

Environmentally conscious remediation technology with Kuwait Oil Company approval

A key differentiator is the proprietary environmental cleanup technology. Vivakor, Inc.'s technology is the only approved Recovery Processing Center (RPC) by the Kuwait Oil Company that can successfully reduce petroleum concentrations in soil to less than 0.5%. This technology was demonstrated in a contract to remediate 500,000 tons of contaminated soil in Kuwait, where the on-site Remediation Processing Centers (RPCs) process approximately 40 tons of soil per hour. This capability supports the environmental services segment, which, under a September 2025 term sheet, was slated to receive at least $5 million in assets and facilities.

Vertical integration advantage for crude oil marketing and transportation

Vivakor, Inc. is actively integrating crude oil marketing to capture more value from its logistics chain. This was solidified by the launch of a $24 million commodity trade transaction through its Vivakor Supply & Trading (VST) arm in the Permian Basin on October 30, 2025. This marketing push is financially backed by a recently completed $40 million commodity intermediation credit facility, which closed around October 23, 2025. Furthermore, the company completed its first major Liquid Petroleum Gas (LPG) transaction valued at approximately $23 million.

Here's a look at the financial backing and scale for the trading segment as of late 2025:

Reliable crude oil and produced water gathering under long-term contracts

The gathering and storage operations are underpinned by guaranteed minimums from long-term contracts, providing a base level of revenue stability. You can see the specific volume and revenue commitments below:

• Endeavor Crude, LLC contract guarantees 75,000 barrels of crude oil transport daily.
• CPE Gathering Midcon, LLC contract guarantees minimum pipeline throughput revenue of $200,000 per month.
• Silver Fuels Processing, LLC (SFP) contract guarantees 230,000 barrels per month of throughput at a rate of $0.275 per barrel.

The company reported an Adjusted EBITDA of $2.5 million for Q1 2025. If onboarding takes 14+ days, churn risk rises.

Vivakor, Inc. (VIVK) - Canvas Business Model: Customer Relationships

You're looking at how Vivakor, Inc. (VIVK) manages its connections with the various customers across its different business lines as of late 2025. It's not one-size-fits-all; the relationship style shifts depending on whether you're dealing with infrastructure services or commodity trading.

Long-term contracts for midstream and remediation services

The core of Vivakor, Inc.'s midstream and environmental services is built on stability derived from formal agreements. Vivakor, Inc.'s integrated facilities assets provide crude oil and produced water gathering, storage, transportation, reuse, and remediation services under long-term contracts. This contract structure is what supported the company exiting 2024 on an annual projected revenue run-rate of greater than $160 million. The strength of these relationships is evident in the Q1 2025 results, where contracted midstream assets generated significant revenue:

• Terminaling and storage revenue for the three months ended March 31, 2025, was $21.8 million.
• Transportation logistics revenue for the same period was $11.0 million.
• The company moves over 300,000 barrels/month through its various gathering and storage assets.

This focus on contracted services helps insulate the revenue base from daily commodity price swings, which is a key feature of this relationship type. For instance, even when crude oil pricing dropped from the mid-$70s to the mid-$60s during Q1 2025, EBITDA remained relatively flat due to these contracted levels. The remediation segment also relies on these long-term structures, such as the Kuwait Oil Company approval for its Recycling Processing Center (RPC) technology.

Dedicated relationship management for large oil and gas operators

While the search results don't detail a specific 'Dedicated Relationship Manager' headcount, the nature of the service delivery implies intensive, dedicated management for key partners. The scale of the logistics fleet suggests relationships with major producers in key basins. Vivakor, Inc. owns and operates over 165 crude oil transportation units and over 105 water transportation trucks operating in south and west Texas. A concrete example of a deep, dedicated relationship is the arrangement with a counterparty that committed to exclusively utilize Vivakor, Inc.'s trucking fleet in the Permian and Eagle Ford Basins for three years. This kind of multi-year, exclusive commitment requires a high degree of operational alignment and dedicated service coordination with the large operator involved. Furthermore, a recent term sheet for up to $23 million in funding specifically targets enhancing crude oil marketing and remediation businesses while strengthening integration across transportation operations in these key basins, showing a focus on deepening ties with high-volume counterparties.

Transactional relationships in the commodities trading segment (VST)

The relationships within Vivakor Supply & Trading (VST) are fundamentally different; they are high-volume, short-cycle, transactional engagements. VST acts as an intermediary in physical commodity trades, relying on its logistics affiliates for execution. The revenue recognition model here is purely transactional, reflecting the intermediary role.

Here's a look at the scale of these transactional activities as of late 2025:

For these trades, VST manages the logistics but relies on credit support-like letters of credit or guarantees-from a financing wholesaler. The relationship with the wholesaler is critical for enabling these large, short-term transactions. To be fair, the revenue recognized is small relative to the notional value; for the $24 million crude oil trade, VST expected to recognize approximately 1% of the contract value. This structure means the relationship focus is on efficient execution, compliance, and securing credit lines, rather than long-term service commitments.

Finance: draft 13-week cash view by Friday.

Vivakor, Inc. (VIVK) - Canvas Business Model: Channels

You're looking at how Vivakor, Inc. gets its services and products-from trucking and terminals to pipeline transport and remediation-to the customer. It's an asset-heavy model, built around integrating logistics with processing capabilities.

Company-owned and operated trucking fleet for logistics

The logistics channel relies heavily on the company's owned fleet, which was significantly expanded through the Endeavor Entities acquisition. This fleet moves crude oil and produced water directly for customers across key basins.

• Crude oil transportation units owned and operated: over 165 (Result 9, 19)
• Water transportation trucks owned and operated: more than 105 (Result 9, 19)
• Total commercial tractors and trailers owned and operated: over 500 (Result 5)
• Guaranteed daily crude oil transport volume under one contract: 75,000 barrels (Result 7)
• Daily hauling capacity reported previously: approximately 50,000 barrels of crude oil and 31,000 barrels of produced water (Result 5)

Crude oil terminals and storage facilities (e.g., Delhi, LA; Colorado City, TX)

These facilities act as physical hubs for storage, blending, and distribution, connecting transportation assets to market or pipeline systems. The revenue from these operations is a core component of the logistics segment.

• Colorado City, TX facility tanking capacity: 120,000 barrels (Result 17)
• Delhi, LA facility current daily gathering volume: approximately 1,400 to 1,700 barrels of crude oil (Result 17)

Here's how the Q1 2025 revenue broke down for the logistics and terminaling channels:

Total reported revenue for Q1 2025 was $37.3 million (Result 6).

Omega gathering pipeline system and injection stations

The Omega Pipeline System provides gathering and shuttle services, integrated with trucking, to serve the STACK play in Oklahoma's Anadarko Basin. The Endeavor acquisition brought in pipeline gathering systems and injection stations as key assets.

• Omega Pipeline System length: approximately 40 miles (Result 7, 10, 11, 15, 16)
• Minimum monthly pipeline throughput revenue guarantee: $200,000 per month (Result 7)
• Minimum monthly throughput guarantee for SFP gathering/storage: 230,000 barrels per month at $0.275 per barrel (Result 7)
• System operations supported by a fleet of approximately two dozen trucks (Result 7, 10, 15, 16)

Direct sales and service delivery for remediation projects (e.g., Kuwait, Houston)

Remediation services are delivered directly on-site using the company's proprietary RPC technology, which is a key differentiator, especially internationally. The Houston RPC is designed to process tank bottom sludge and other petroleum industry wastes.

• Kuwait technology approval: Sole approved Recovery Processing Center (RPC) by Kuwait Petroleum Corporation (Result 8, 13)
• Kuwait remediation soil processing rate: approximately 40 tons of soil per hour (Result 18)
• Kuwait contract payment rate: $20 per ton of contaminated materials processed (Result 18)
• Kuwait remediation contract scope: 500,000 tons of contaminated soil (Result 18)
• Technology performance metric: reduces petroleum concentrations in soil to below 0.5% (Result 8, 13)

Finance: draft 13-week cash view by Friday.

Vivakor, Inc. (VIVK) - Canvas Business Model: Customer Segments

You're looking at the customer base for Vivakor, Inc. (VIVK) as of late 2025, grounded in the latest reported operational data. The business model clearly targets energy infrastructure users and commodity market participants.

The primary revenue drivers, as seen in the First Quarter 2025 results, point directly to segments involved in oil and gas midstream activities. The projected revenue run-rate for 2025 is stated to exceed $160 million, based on contracted income, and the Trailing Twelve Month (TTM) revenue as of September 30, 2025, stood at $125.11 million.

The customer base is segmented across its core service offerings, which are heavily weighted toward the energy sector infrastructure:

• Oil and gas exploration and production (E&P) companies in major US basins: This group is served through the Terminaling and Storage segment, which generated $21.83 million in Q1 2025 revenue, plus $2.04 million from related party transactions.
• Petroleum commodity buyers and sellers (for Supply & Trading): The Vivakor Supply & Trading (VST) platform is actively serving this segment. The company executed its first major Liquid Petroleum Gas (LPG) transaction valued at approximately $23 million, supported by a $40 million Commodity Intermediation Credit Facility.
• Industrial clients needing contaminated soil and waste oil remediation: This segment is targeted for growth, supported by a recent term sheet that allocated $5 million in assets and facilities specifically for the remediation business.
• International government entities requiring large-scale environmental cleanup (e.g., Kuwait): While specific contract values for international government cleanup are not detailed in the latest reports, the company is expanding its trading platform internationally, executing its first fuel transaction into Mexico.

The revenue composition from Q1 2025 clearly shows where the bulk of the current customer spend is directed, with the Terminaling and storage segment being the majority contributor.

The company's operational focus, particularly in the Permian and Eagle Ford Basins, suggests that E&P companies operating in those specific US basins are key customers for its transportation and storage services. The growth in the Supply & Trading segment is being aggressively pursued, evidenced by the $15 million in restricted cash earmarked for crude oil marketing and trading activities under the recent term sheet.

Here's the quick math on the Q1 2025 revenue split, showing the reliance on infrastructure services:

• Total Q1 2025 Revenue: $37.34 million.
• Terminaling and Storage (Total): $23.87 million ($21.83M + $2.04M related party).
• Transportation Logistics (Total): $13.47 million ($10.96M + $2.51M related party).

What this estimate hides is the specific breakdown of the remediation revenue versus the logistics revenue, as the company groups them into two operating segments: Transportation logistics services and Terminaling and storage facility product and services related to oil and gas production, with the latter being the majority revenue source.

Vivakor, Inc. (VIVK) - Canvas Business Model: Cost Structure

You're looking at the cost side of Vivakor, Inc. (VIVK)'s business as of late 2025, which is heavily influenced by the integration and subsequent streamlining following the Endeavor Entities acquisition.

High operating expenses are a key feature, evidenced by the operating loss increasing to $9.0 million for the three months ended September 30, 2025, up from $1.9 million in the third quarter of 2024. This reflects the scale of operations, including costs associated with the Endeavor Entities acquired in October 2024, even after the July 30, 2025 divestiture of non-core subsidiaries from that acquisition. The company is focused on core midstream services now, aiming for efficiency savings.

Significant non-cash expenses are a material part of the cost structure. For the three months ended September 30, 2025, these totaled $4.28 million. This compares to $1.59 million in the prior-year period.

Here's a breakdown of some key cost components for Q3 2025:

Costs of goods sold, or cost of revenues, are substantial, particularly given the Supply and Trading activities. For the nine months ended September 30, 2025, total cost of revenues reached $69.4 million, against nine-month revenues of $83.4 million. The Supply and Trading segment contributed $50.2 million to the nine-month revenue, indicating its cost intensity.

Interest expense on remaining debt obligations has sharply increased. For the nine months ended September 30, 2025, interest expenses rose to $20.0 million, up from $1.6 million in the same period last year. This surge is partly due to default-related fees and a 19% default interest rate, although the July 2025 divestiture is expected to lead to meaningful annualized interest expense savings going forward. A non-cash interest expense of $14.4 million was recorded in Q3 2025 alone.

You should also note other significant charges impacting the bottom line:

• Non-cash loss on conversion of debt: $9.8 million for Q3 2025.
• Total nine-month interest expenses: $20.0 million.
• Working capital deficit as of September 30, 2025: $67.3 million.

Finance: draft 13-week cash view by Friday.

Vivakor, Inc. (VIVK) - Canvas Business Model: Revenue Streams

You're looking at the hard numbers for Vivakor, Inc.'s (VIVK) revenue generation as of late 2025. Honestly, the story here is growth, especially when you look at the trailing twelve months.

The Trailing 12-month revenue for Vivakor, Inc. (VIVK) stood at $125.11 million as of September 30, 2025. This represents a significant jump, up 101.82% year-over-year from the prior period's TTM revenue. For context, the annual revenue in 2024 was $89.81 million.

For the third quarter ending September 30, 2025, total revenue was reported at $17.0 million, a 7% increase year-over-year. The core of this revenue comes from distinct operational segments, which you can see broken down below. We're seeing a clear focus on midstream energy services following the July 30, 2025 divestiture of non-core business units.

Here's the quick math on the Q3 2025 revenue components:

The Supply and Trading segment was the largest contributor in Q3 2025 at $8.9 million. The Transportation and Logistics segment brought in $4.7 million in the same quarter.

Vivakor, Inc. (VIVK) also generates revenue from its environmental processing services, which are key to its integrated model. These streams include:

• Fees from Terminaling and Storage services, with a related party component of $0.9 million in Q3 2025.
• Sales of recycled products, specifically asphaltic cement derived from Utah oil sands and recycled oil from sludge, which falls under the Company's reuse and remediation services.

The company's mission involves developing, acquiring, and operating assets in the energy sector, with integrated facilities providing crude oil and produced water gathering, storage, transportation, reuse, and remediation services, often under long-term contracts. The successful execution of international fuel transactions, like the first one into Mexico via Vivakor Supply & Trading (VST), is also positioned to generate revenue as an intermediary in the supply chain.

Finance: draft 13-week cash view by Friday.