Vivakor's JV with Monarch R&P targets Q3 2026 for its Houston processing center. A separate crude deal through Cushing Terminal is worth $108M annualized.
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Vivakor (NASDAQ: VIVK) disclosed a joint venture with Monarch R&P Management, an affiliate of CA-2 Materials, to create Monarch Remediation & Processing I, LLC. The partnership will oversee the commissioning and launch of Vivakor's Houston-area Remediation Processing Center (RPC) and a related wash plant facility.
The agreement moves the project from development and construction into commissioning and operational preparation. Commercial operations are scheduled to begin in the third quarter of 2026. Financial terms of the JV were not disclosed.
Through the joint venture, Vivakor and Monarch will complete final startup activities, prepare the site for service, and support the facility's transition into full commercial operation. Vivakor expects the RPC to enhance its existing transportation, storage, logistics, terminaling, and energy trading network as it continues to expand its integrated energy and environmental services platform.
This week, the company's commodities trading platform signed a recurring one-year crude oil transaction. The deal entails roughly 100,000 barrels of crude oil per month through the Cushing Terminal. The one-year arrangement runs from June 1, 2026, to May 31, 2027. It represents an estimated $9 million per month, or about $108 million annualized, based on current market pricing.
Through its trading and supply operations, the company plans to broaden its capabilities in sourcing, marketing, transporting, and managing crude volumes, driving higher asset utilization, improving network integration, and enhancing value generation across major U.S. production basins.
Vivakor is an operator, acquirer, and developer of technologies and assets in the oil and gas industry, along with related environmental solutions. The company focuses on crude oil gathering, storage, and transportation facilities, and it also provides contaminated soil remediation services.
Operationally, it reports two segments: transportation logistics services and terminaling/storage products and services tied to oil and gas production. The terminaling and storage segment drives most of its revenue, so investors often key in on throughput, utilization, and demand conditions that can influence those assets over time.
VIVK shares were up 3.38% at $0.57 during premarket trading on Wednesday. The stock is trading near its 52-week low of $0.45, according to Benzinga Pro data.
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