Vivakor (VIVK, Financial) has set its sights on enhancing its diversified infrastructure assets in 2025, building on a solid performance in 2024. The company is optimistic about another record-setting year, as it wrapped up 2024 with an impressive annual projected revenue run-rate exceeding $160 million, bolstered by its contracted revenue for the upcoming year.
The company credits its shareholders, lenders, partners, and management team for the successful year, highlighted by the strategic acquisition of the Endeavor Entities. Vivakor's ongoing efforts to integrate and optimize this acquisition signify a pivotal transformation into a diversified infrastructure company. The company's assets now encompass various sectors, including logistics, gathering and storage, and environmental services.
Within its logistics operations, Vivakor manages an extensive fleet, with over 165 crude oil transportation units and more than 105 water transportation trucks operating in major oil production regions across the U.S. In gathering and storage, the company effectively moves upwards of 300,000 barrels a month through its infrastructure. Additionally, Vivakor boasts a unique technology in environmental services, being the sole Recycling Processing Center approved by the Kuwait Oil Company, capable of reducing oil concentration in soil to less than 0.5%.
Going forward, Vivakor aims to maintain financial prudence and operational efficiency while focusing on organic growth and strategic acquisitions to boost shareholder value. The company remains committed to advancing its mission as a leading force in the infrastructure sector.
