Vivakor announced that its subsidiary, Vivakor Supply & Trading (VST), has executed four new recurring physical crude oil purchase and sale transactions with two commercial counterparties. These agreements are expected to generate approximately $289 million in annualized commercial activity, significantly expanding the company's marketing platform.
Key Details
- Transaction Value: The four new contracts are estimated to generate ~$289.2 million in annualized commercial activity and ~$24.1 million monthly, based on current market prices.
- Volume & Term: The agreements add 300,000 barrels per month (3.6 million annually) to VST's marketed volumes. The contract term is from August 1, 2026, to July 31, 2027, with month-to-month renewals.
- Financing Update: The company also reported the second closing of a financing transaction on July 16, 2026, receiving the final $6 million of a total $12 million purchase price from institutional investors.
- Agreement Amendment: In connection with the financing, the company amended its agreements on July 15, 2026, to maintain a $0.37 floor price for convertible notes following a planned 1-for-20 reverse stock split.