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Sunday 8 November 2026
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Vivakor, Inc.
VIVK Energy Oil & Gas Integrated
Vivakor, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $104.4 million, up 16.3% from fiscal 2024.
- Revenue
- +10.4%
- EPS
- +98.9%
- Free cash flow
- +94.7%
- Total debt
- −62.4%
Quarter to June 2026, against a year earlier
0.50
0.13
+35.14%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 3 | 0 | 0 | — | 1 | 1 | 28 | 59 | 90 | 104 | 90 | +50.3% | — | — | — | — | |
| Gross margin, % | 47.90 | (1,659.52) | (608.29) | 0.00 | 6.96 | 3.47 | 10.20 | 8.46 | 11.38 | 36.15 | 45.52 | (11.7) pt | ||||||
| EBT | (1) | (2) | (7) | (2) | (2) | (8) | (25) | (11) | (26) | (110) | (97) | +75.9% | ||||||
| EBT margin, % | (25.60) | (3,884.13) | (8,324.42) | 0.00 | (164.93) | (763.13) | (87.82) | (18.11) | (29.20) | (105.46) | (108.82) | (79.9) pt | ||||||
| Net income | (1) | (2) | (7) | (2) | (3) | (7) | (20) | (11) | (26) | (110) | (98) | +75.9% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 0.37 | 0.01 | 0.01 | 0.00 | 7,289.00 | 5,442.00 | 93,690.67 | 197,739.33 | 179,622.40 | 87,015.67 | 4,184.79 | +295.3% | |||||
| Earnings | (0.09) | (0.26) | (0.88) | (529.42) | (16,701.85) | (36,333.07) | (73,163.42) | (33,583.21) | (45,577.21) | (95,355.33) | (71,285.39) | +367.1% | ||||||
| Cash flow | 0.09 | (0.05) | (0.12) | (45.47) | (8,768.50) | (14,508.50) | (13,811.00) | (2,549.67) | 3,621.60 | (13,150.25) | (582.43) | n/m | ||||||
| Capex | 0.00 | 0.00 | 0.00 | (451.84) | (6,084.00) | (22,573.50) | (7,962.33) | (11,069.67) | 604.40 | 2,015.00 | 0.00 | n/m | ||||||
| Free cash flow | 0.09 | (0.05) | (0.12) | (497.30) | (14,852.50) | (37,082.00) | (21,773.33) | (13,619.33) | 4,226.00 | (11,135.25) | (582.43) | n/m | ||||||
| Book value | 3.36 | 1.64 | 2.89 | (336.14) | 83,443.00 | 137,765.50 | 90,203.67 | 57,457.33 | 230,237.20 | 30,990.50 | 1,711.78 | +175.8% | ||||||
| Shares, m | 7 | 7 | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (62.0%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | 0.00 | 0.00 | 0.00 | — | 0.00 | 82.71 | 0.61 | 0.30 | 0.39 | 0.01 | 0.00 | 9.3 | ||||||
| P/B | 0.00 | 0.00 | 0.00 | — | 635,646.50 | 3.27 | 0.66 | 1.02 | 0.31 | 0.02 | 0.00 | 70,628.0 | ||||||
| EV/Sales | 0.00 | 0.00 | 0.00 | — | 0.00 | 90.58 | 1.74 | 0.80 | 1.14 | 0.23 | 0.32 | 10.5 | ||||||
| EV/FCF | 0.00 | 0.00 | 0.00 | — | 0.00 | (13.29) | (7.74) | (11.52) | 48.62 | (1.79) | (2.86) | 1.6 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 1 | 0 | (1) | 0 | (2) | (3) | (4) | (1) | 2 | (16) | (12) | n/m | |||||
| Capex | 0 | 0 | (1) | (2) | (1) | (5) | (2) | (3) | 0 | 2 | 2 | n/m | ||||||
| Free cash flow | 1 | 0 | (1) | (2) | (3) | (7) | (7) | (4) | 2 | (13) | (12) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 4 | 1 | 1 | (11) | 3 | (2) | (4) | (35) | (102) | (53) | (58) | n/m | |||||
| Net debt | (1) | 3 | (1) | 4 | 3 | 9 | 33 | 30 | 67 | 23 | 29 | n/m | ||||||
| Shareholders’ equity | 24 | 12 | 23 | (1) | 17 | 28 | 27 | 17 | 115 | 37 | 37 | +4.8% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (1.98) | (5.65) | (22.05) | (8.00) | (5.75) | (12.27) | (31.33) | (14.55) | (14.76) | (65.05) | (57.54) | (63.1) pt | |||||
| ROIC | 0.00 | 0.00 | 0.00 | (53.89) | (15.10) | (11.99) | (23.72) | (8.45) | (7.56) | (65.97) | (50.55) | (66.0) pt | ||||||
| ROE | 7.18 | 20.53 | 66.44 | 115.77 | (30.92) | (24.98) | (71.18) | (48.48) | (34.82) | (151.43) | (153.35) | (158.6) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | 25 | 25 | 10 | 5 | 150 | 20 | — | (4.4%) | |||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.00 | — | 0.06 | 0.04 | 2.81 | 11.86 | 0.60 | 5.22 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 2 Nov 2026
Vivakor, Inc. vs peers in Oil & Gas Integrated (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| EC Ecopetrol S.A. | $32.0B | 8.2× | 5.7× | +103.23% (above 0%: growing) | +290.48% (above 0%: growing) | +62.31% (above 0%: growing) | 40.10% | 31.80% | Compare |
| YPF YPF Sociedad Anonima | $15.2B | 7.1× | — | +41.22% (above 0%: growing) | n/m | +922.15% (above 0%: growing) | 41.71% | 29.30% | Compare |
| NFG National Fuel Gas Company | $7.0B | 10.4× | 10.1× | +0.34% (above 0%: growing) | −13.79% (below 0%: shrinking) | −43.17% (below 0%: shrinking) | 102.33% | 33.66% | Compare |
| TGS Transportadora De Gas Sa Ord B | $1.5B | 8.4× | 17.3× | +19.14% (above 0%: growing) | +123.39% (above 0%: growing) | −56.66% (below 0%: shrinking) | 50.59% | 38.37% | Compare |
| DEC Diversified Energy Company PLC | $905.9M | 4.8× | 5.0× | −78.29% (below 0%: shrinking) | n/m | −2,598.71% (below 0%: shrinking) | (89.79%) | (220.70%) | Compare |
| SLNG Stabilis Solutions, Inc. | $69.4M | — (loss-making) | — (loss-making) | −26.99% (below 0%: shrinking) | −83.33% (below 0%: shrinking) | +361.90% (above 0%: growing) | 29.20% | 1.10% | Compare |
| CGBSF Crown LNG Holdings Limited | $18.2M | — (loss-making) | — | — | n/m | −751.64% (below 0%: shrinking) | — | 0.00% | Compare |
| SKYQ Sky Quarry Inc. | $16.4M | — (loss-making) | — | −99.99% (below 0%: shrinking) | n/m | −514.30% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| VIVK Vivakor, Inc. | $600.0K | — (loss-making) | — (loss-making) | +10.37% (above 0%: growing) | n/m | +94.72% (above 0%: growing) | 20.66% | 0.49% | |
| Median of peers | $1.2B | 8.2× | 7.9× | +0.34% | +54.80% | −49.91% | 40.10% | 15.20% |
Pay and ownership Proxy statement filed 8 June 2026
Ownership
Directors and executive officers, together
28.10%
James H. Ballengee, Chief Executive Officer and Director
23.10%
Kimberly Hawley, Chief Financial Officer
5.80%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement