World Kinect reported strong second-quarter 2026 results, with revenue of $13.59 billion and gross profit of $365.1 million. The company recorded GAAP net income of $48.4 million (diluted EPS $0.94) and adjusted diluted EPS of $1.29, while raising full-year adjusted EPS guidance to $3.20–$3.40. Management cited volatile market conditions and portfolio actions as drivers of record segment profitability and capital returns including share repurchases and a 15% dividend increase.

Financial Highlights

  • Revenue: $13,591.2 million for the three months ended June 30, 2026 (vs. $9,043.3 million in Q2 2025).
  • Gross profit: $365.1 million for Q2 2026 (Adjusted gross profit: $350.0 million).
  • Income from operations: $96.1 million for Q2 2026; Adjusted income from operations: $116 million.
  • Net income attributable to World Kinect: $48.4 million (GAAP); Diluted EPS: $0.94. Adjusted net income: $66.4 million and Adjusted diluted EPS: $1.29.
  • Adjusted EBITDA: $135.7 million for Q2 2026; company raised full-year Adjusted EPS guidance to $3.20–$3.40 per share.

Business Highlights

  • Aviation segment delivered record quarterly gross profit of $208.0 million, up 51% year-over-year, supported by elevated jet fuel price volatility and contribution from the Universal Trip Support Services acquisition.
  • Marine segment also posted its highest quarterly gross profit at $79.7 million, a 195% increase year-over-year, driven by stronger resale business performance and higher bunker fuel prices.
  • Land segment gross profit was $77.5 million; Land adjusted income from operations improved to $20 million, reflecting benefits from the company's land portfolio transformation and exit of non-core activities.
  • Operational actions included divestiture and wind-down of select non-core Land businesses, ongoing restructuring and a global finance and accounting optimization program to streamline operations.
  • Capital allocation and shareholder returns: repurchased $14.3 million of common stock in the quarter and increased the regular quarterly cash dividend by 15%.

Original SEC Filing:

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