Vivakor signs new Cushing crude oil deal, lifting revenue target to $420M
Vivakor, Inc. (Nasdaq: VIVK) announced that its commodities trading unit, Vivakor Supply & Trading, LLC, has entered into a new crude oil transaction covering approximately 100,000 barrels of WTI crude oil per month through the Enterprise Products Cushing Terminal.
The agreement is scheduled to begin in August 2026 and run through July 2027. Based on expected volumes and current market pricing, the transaction is anticipated to generate approximately $7.5 million in revenue per month, or roughly $90 million on an annualized basis.
Including this deal, Vivakor estimates its total recurring contracted commercial activities now represent approximately $420 million in annualized contracted revenue opportunities, based on current pricing assumptions and expected volumes. The company has stated a long-term objective of $1 billion in annualized commercial activity.
Vivakor noted that its trading unit generally recognizes a small percentage of total contract value as revenue, reflecting its role as an intermediary in the physical commodity supply chain. Actual revenue will vary based on market conditions, pricing, transaction structure, and volumes delivered.
"This transaction further strengthens our commercial presence in one of North America's most important crude oil trading hubs," said James Ballengee, Chairman and Chief Executive Officer of Vivakor.
Since the start of 2026, the company has announced multiple crude oil marketing and supply agreements across regions including Cushing, the Bakken, and the Permian Basin, according to the press release.
