Vivakor says second-quarter revenue rose 10% as operating income turned positive
Vivakor said second-quarter revenue rose 10% to $32.1 million and operating income turned positive as gross profit climbed and expenses fell.
Vivakor said second-quarter 2026 revenue rose 10% to $32.1 million and operating income turned positive, according to a press release issued Aug. 21 from Dallas.
Second-quarter results
For the three months ended June 30, 2026, Vivakor reported revenue of $32.1 million, up from $29.1 million in the same period a year earlier. Gross profit climbed to $6.6 million from $4.6 million, and gross margin improved to 20.7% from 15.7%.
The company also said operating expenses fell to $6.5 million from $11.4 million. That helped operating income improve to about $0.2 million from an operating loss of about $6.8 million a year earlier. Net loss attributable to Vivakor narrowed to about $2.8 million from $12.5 million.
Half-year figures
For the first six months of 2026, Vivakor reported revenue of $51.6 million, down from $66.4 million in the prior-year period. Gross profit rose to $12.4 million from $9.3 million, while operating expenses declined to $14.6 million from $22.6 million.
The company said the six-month revenue decline was mainly due to lower Transportation & Logistics and Terminaling & Storage revenue, including the effect of the July 2025 divestiture of Meridian Equipment Leasing, LLC and Equipment Transport, LLC.
What management said
Chairman, President and CEO James Ballengee said the results showed progress in building a more integrated and scalable energy platform. He said second-quarter revenue increased 10%, gross profit increased 45% and the company generated positive operating income while expanding crude oil supply and trading activities.
Ballengee added that Supply and Trading has become an important growth driver and said Vivakor is adding recurring volume and commercial activity to the VST platform while advancing opportunities across remediation and commodities businesses.
What happens next
Vivakor said its release included forward-looking statements caution language and investor contact information. The company said the information in the release speaks only as of the date of the communication.
Sources
Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.
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