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Get filing alertsWorld Kinect reports record Q2 gross profit of $365M, raises full-year EPS guidance 20%
Filed July 23, 2026 · Period ending July 23, 2026 · ~1 min read
Key Changes
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Q2 2026 gross profit hit record $365M (up 57% YoY); adjusted EPS of $1.29 (up 119% YoY) driven by elevated fuel price volatility from Middle East conflict and Universal Trip Support acquisition.
Exhibit 99.1 view on EDGAR → -
high
Full-year 2026 adjusted EPS guidance raised to $3.20–$3.40, a 20% increase from prior midpoint of $2.75, reflecting strong execution and favorable market conditions.
Exhibit 99.1 view on EDGAR → -
high
Aviation segment posted record quarterly gross profit of $208M (up 51% YoY) on jet fuel volatility and Universal Trip Support contribution; Marine segment hit record $80M (up 195% YoY) on bunker fuel price surge.
Exhibit 99.1 view on EDGAR → -
medium
Land segment adjusted operating income rose $19M YoY to $20M, reflecting portfolio transformation (exits from non-core businesses including direct fuel transport, lubricants, heating oil, power).
Exhibit 99.1 view on EDGAR → -
medium
Quarterly dividend increased 15%; $14M in Q2 share repurchases ($89M year-to-date) signal confidence in cash generation and outlook.
Exhibit 99.1 view on EDGAR →
Summary
World Kinect delivered a blowout second quarter, with gross profit hitting a record $365 million (up 57% year-over-year) and adjusted earnings per share of $1.29 (up 119%).
The surge was driven by elevated fuel price volatility stemming from Middle East conflict, which boosted inventory-related profitability across Aviation and Marine segments, alongside the contribution from the Universal Trip Support Services acquisition completed in late 2025.
Aviation posted its highest-ever quarterly gross profit of $208 million, while Marine nearly tripled its prior-year result to $80 million on bunker fuel price strength. Management raised full-year 2026 adjusted EPS guidance to $3.20–$3.40, a 20% increase from the prior midpoint, citing strong execution and favorable market dynamics. The Land segment showed meaningful improvement, with adjusted operating income up $19 million year-over-year to $20 million, reflecting the benefits of portfolio transformation as the company exits non-core businesses (direct fuel transportation, lubricants, heating oil, power). World Kinect also increased its quarterly dividend by 15% and repurchased $14 million in stock during the quarter, underscoring confidence in cash generation. The guidance raise and capital return program suggest management expects the favorable volatility environment to persist, though the geopolitical driver (Middle East conflict) introduces uncertainty around sustainability of the current profit tailwind.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
World Kinect reported Q2 2026 financial results via press release.
Added in current filing · verify on EDGAR →
On July 23, 2026, World Kinect Corporation issued a press release reporting its financial results for the second quarter of 2026.
World Kinect disclosed its second quarter 2026 financial results through a press release attached as Exhibit 99.1. The 8-K body does not provide specific financial metrics; those details would be in the exhibit.
Event · Exhibit 99.1
World Kinect reported record Q2 2026 gross profit of $365M, raised full-year Adjusted EPS guidance to $3.20–$3.40, and increased its dividend by 15%.
Added in current filing · view on EDGAR → · paraphrased
Gross profit of $365 million ... Adjusted gross profit of $350 million ... GAAP net income of $48 million, or $0.94 per diluted share ... Adjusted net income of $66 million, or $1.29 per diluted share ... Adjusted EBITDA of $136 million ... For the full year 2026, the Company is increasing its Adjusted EPS guidance to a range of $3.20 to $3.40 per share, an increase of approximately 20% from the midpoint of its previous range of $2.65 to $2.85.
World Kinect delivered record Q2 2026 gross profit of $365 million (up 57% year-over-year) and adjusted net income of $66 million ($1.29 per share, up 119% year-over-year). The company raised its full-year 2026 Adjusted EPS guidance to $3.20–$3.40, a 20% increase from the prior midpoint of $2.75, citing strong execution and favorable market volatility driven by Middle East conflict.
Added in current filing · view on EDGAR →
Second quarter 2026 gross profit was $77 million and income from operations was $6 million. Land Adjusted income from operations was $20 million, an increase of $19 million year-over-year, principally reflecting the benefits of our land portfolio transformation.
The Land segment reported gross profit of $77 million and adjusted operating income of $20 million, up $19 million year-over-year. The improvement reflects the benefits of the company's ongoing portfolio transformation, which includes exiting non-core businesses (direct fuel transportation, lubricants, heating oil, power, and certain advisory/sustainability offerings) that are no longer aligned with core strategy or profitability objectives.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 24, 2026 · How we verify