World Kinect Corp reported second-quarter 2026 results with revenue of $13.59B and diluted EPS of $0.94, a significant improvement from the prior-year quarter driven by higher fuel prices and contributions from recent acquisitions.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$13.59B$9.04B50.3% | Net income²$48.4M($339.4M)114.3% | Diluted EPS³$0.94($6.06)115.5% |
¹ Reported as “Revenue”. ² Reported as “Net income (loss) attributable to World Kinect”. ³ Reported as “Diluted earnings (loss) per common share”.
Business Highlights
- Revenue growth of roughly 50% year over year was driven primarily by price increases across aviation, marine and land channels; higher average fuel prices offset modest volume declines.
- Acquisition of Universal TSS (completed Q4 2025) and expansion in aviation contributed to improved returns and top-line momentum.
- Ongoing operational restructuring begun in 2025, including exit of select land businesses, has produced cost savings while select divestitures continue.
- Company noted benefits from price volatility and working-capital actions but also reported elevated credit losses from a subset of customers.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.