Camber Energy Inc (OTC: CEIN) is an energy holding company that operates through its wholly-owned subsidiary Viking Energy Group, Inc., which held interests in specialty energy-related subsidiaries including Simson-Maxwell, Viking Ozone Technology, Viking Sentinel Technology, Viking Protection Systems, and Viking Distribution Solutions. Revenue was generated primarily through Simson-Maxwell, a power generation products and services business, until Camber deconsolidated Simson-Maxwell effective April 1, 2025, after which the company recorded no revenues from other sources for the remainder of fiscal year 2025. As of December 31, 2025, the company carried a stockholders' deficit of $43,368,722, long-term debt net of current portion of $43,698,407, and a working capital deficiency of $15,845,860, with its auditors raising substantial doubt about its ability to continue as a going concern. The company also holds an ESG Clean Energy license as an intangible asset on its balance sheet as of December 31, 2025.

Revenue model

Revenue was generated through consolidation of Simson-Maxwell's operations through March 31, 2025. After deconsolidation of Simson-Maxwell effective April 1, 2025, the company reported no revenues from any other sources for fiscal year 2025. The deconsolidation reduced cost of goods sold, general and administrative expenses, and depreciation by approximately $16.0 million, $9.0 million, and $0.5 million, respectively, compared to fiscal year 2024.

Products and services

Subsidiaries held through Viking Energy Group include Viking Ozone Technology (ozone technology, with a manufacturing license agreement with Simson-Maxwell dated February 2, 2022), Viking Sentinel Technology, Viking Protection Systems, Viking Distribution Solutions (formed August 1, 2025), and an ESG Clean Energy license. Simson-Maxwell provided power generation products and services prior to deconsolidation on April 1, 2025.

Value-chain role

Camber Energy functions as a holding company, owning Viking Energy Group as a wholly-owned subsidiary, which in turn holds majority or full interests in several specialty technology and energy subsidiaries. Following the deconsolidation of Simson-Maxwell, the company retains an investment in Simson-Maxwell carried at fair value on its balance sheet as of December 31, 2025.

Source: SEC 10-K, filed 2026-03-30

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