NEW YORK, July 21, 2026, 15:14 EDT – Vivakor NASDAQ:VIVK stock leapt after the company announced crude oil deals totaling $289 million and posted a trading margin of 0.078% for the first quarter.
- Vivakor climbed approximately 65% to $2.85 in the most recent trade available. The U.S. regular session was still ongoing.
- Four additional transactions are expected to generate about $289.2 million in yearly commercial activity.
- Supply and trading delivered a first-quarter gross margin of 0.078%, equivalent to 7.8 basis points.
Shares of Vivakor, Inc. NASDAQ:VIVK gained around 65% to reach $2.85 during Tuesday afternoon trading. The stock earlier hit $8.96 before falling back, dropping more than two-thirds from its intraday peak.
This action was taken after four regular crude oil purchase and sale agreements totaling 300,000 barrels each month. Vivakor projected annual commercial volumes valued at $289.2 million. The agreements commence August 1.
The amount does not represent a profit projection. Vivakor stated its trading division records only a small portion as gross profit. The outcome will depend on prices, spreads, and volumes delivered.
The most recent filing highlights why this difference is significant. Supply and trading activities in the first quarter brought in $13.55 million in revenue. Gross profit totaled only $10,581, resulting in a margin of 0.078%, or 7.8 basis points.
| Measure | Q1 2026 reported | Four new deals, annualized | All announced programs, annualized |
|---|---|---|---|
| Revenue or commercial activity | $13.55 million | $289.2 million | $709.0 million |
| Marketed crude volume | Not disclosed | 3.6 million barrels | 8.1 million barrels |
| Reported gross profit | $10,581 | Not disclosed | Not disclosed |
| Gross margin | 0.078% | Not disclosed | Not disclosed |
| Preliminary gross profit at Q1 margin* | Not applicable | Roughly $226,000 | Roughly $554,000 |
Initial illustration; not official company guidance. Q1 reflects reported segment revenue. The deal columns rely on company estimates of commercial activity. Actual margins could vary significantly.
Using the Q1 margin results in an estimated annual gross profit of approximately $226,000 from the new agreements. This amounts to nearly six cents per marketed barrel. The figure is for illustration purposes.
The reported action equates to approximately $80.33 per barrel. WTI for front-month delivery was trading at $84.99 on Tuesday afternoon, indicating the headline is broadly in line with the market price for crude.
The deals include two undisclosed counterparties based in Cushing and Midland. These agreements are set to continue until July 31, 2027, with automatic monthly renewals thereafter.
Vivakor said its recurring initiatives now account for around 8.1 million barrels per year. The firm expects $709 million in yearly commercial volume. It did not provide a gross-profit projection.
The company states that these programs work alongside its transport, terminal and storage activities. Chief Executive James Ballengee said the model may boost “throughput and commercial activity.” Neither statement detailed additional logistics fees.
Trading volumes soared, with approximately 132.5 million shares traded as of 2:59 p.m. EDT. Vivakor reported that its reverse split on Friday would result in about 667,200 shares remaining in circulation. As a result, turnover approached 200 times the post-split share count.
The 1-for-20 split was intended to help maintain the exchange listing. This move came after a 1-for-200 reverse split on March 24. With two splits occurring within a four-month span, Tuesday’s volatility is placed into perspective.
Risks persist. Vivakor disclosed a working-capital deficit of $54 million and flagged significant going-concern uncertainty. The company has discounted convertible notes and access to a potential $100 million equity line, both of which may dilute existing holders.
The next valuable indicators to watch are delivered barrels and the gross profit made on each barrel. Details on logistics fees would reveal if infrastructure boosts profitability. For now, the $709 million headline figure reflects scale more clearly than earnings.
