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World Kinect
(NYSE:WKC)
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Rating:62Neutral
Price Target:
$43.00
▲(8.07% Upside)
Action:Reiterated
Date:07/30/26
The score is driven by strong technical trend strength and a constructive earnings update (raised full-year guidance with record profitability metrics). These positives are tempered by weaker underlying financial performance—especially negative TTM earnings and deteriorating cash flow/working-capital strain—which elevates execution and funding-risk sensitivity if market conditions normalize.
Positive Factors
Record gross profit & raised guidance
Management reported record consolidated gross profit and raised full‑year adjusted EPS guidance, signaling durable operational execution and improved margin capture across cycles. Strong gross profit provides buffer to absorb volume volatility and supports sustained cash generation if execution persists.
Negative Factors
Negative trailing profitability
Persistent negative TTM net income and EBITDA highlight that core operations have not fully converted revenue into sustainable profits. Continued loss cycles erode equity, limit reinvestment capacity, and increase sensitivity to commodity and volume normalization risks over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Record gross profit & raised guidance
Management reported record consolidated gross profit and raised full‑year adjusted EPS guidance, signaling durable operational execution and improved margin capture across cycles. Strong gross profit provides buffer to absorb volume volatility and supports sustained cash generation if execution persists.
Read all positive factors
World Kinect (WKC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.04B
Dividend Yield2.08%
Average Volume (3M)953.21K
Price to Earnings (P/E)―
Beta (1Y)0.77
Revenue Growth7.56%
EPS Growth58.21%
CountryUS
Employees4,003
SectorEnergy
Sector Strength52
IndustryOil & Gas Refining & Marketing
Share Statistics
EPS (TTM)-3.20
Shares Outstanding51,151,620
10 Day Avg. Volume1,469,925
30 Day Avg. Volume953,207
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.99
Price to Sales (P/S)0.03
P/FCF Ratio5.65
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$35.50Price Target Upside-10.78% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)3.37
Revenue Forecast (FY)$45.31B
World Kinect Business Overview & Revenue Model
Company Description
World Kinect Corporation, together with its subsidiaries, operates as an energy management company in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in three segments: Aviation, Land, an...
How the Company Makes Money
World Kinect primarily makes money by acting as a marketer and distributor of fuel and energy-related products, earning margins on the sale of fuel and related services across its Aviation, Marine, and Land segments. (1) Aviation: The company sell...
World Kinect Earnings Call Summary
Earnings Call Date:Jul 23, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 22, 2026
Earnings Call Sentiment Positive
The call highlighted a very strong, above-consensus first half with record adjusted EPS and record consolidated and segment gross profits driven by favorable market volatility and strong execution (Aviation and Marine records, meaningful Land profitability improvement, raised full-year EPS guidance, dividend increase and buybacks). Offsetting these positives were notable pressures: lower volumes, working capital and cash flow strain (driving increased borrowings and interest expense), elevated operating expenses and bad debt reserves, and management's caution that Q2 was an exceptional quarter that may not repeat. Management signaled early signs of working capital improvement and maintained a disciplined, measured outlook for the second half.Positive Updates
Record Adjusted EPS
Adjusted earnings per share of $1.29 in Q2, the highest quarterly adjusted EPS in company history.
Negative Updates
Volume Declines Across Business
Consolidated volume declined 9% year-over-year in Q2 (Aviation down 5%, Marine down 10%, Land down 12%), driven primarily by lower demand tied to the Middle East conflict and portfolio exits.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Adjusted EPS
Adjusted earnings per share of $1.29 in Q2, the highest quarterly adjusted EPS in company history.
Read all positive updates
Company Guidance
The company raised full‑year adjusted EPS guidance to $3.20–$3.40 (from $2.65–$2.85) after reporting Q2 adjusted EPS of $1.29 and record consolidated gross profit of $350M (+50% y/y) on consolidated volume down 9%; segment detail: Aviation volume 1.8B gallons (‑5% y/y) and record gross profit $208M (+51%), with services ≈18% of Aviation GP and services contribution >2x y/y; Marine volume 3.5M metric tons (‑10% y/y) and record GP $80M (~3x y/y); Land GP $62M (‑8% y/y), volume ‑12% y/y, operating income $20M vs $1M LY and operating margin >32% of GP (YTD margin >20% better y/y) and on track to deliver ~2x 2025 operating income for the year; Q3 outlook expects Aviation and Marine GP up year‑over‑year but down sequentially as inventory‑related benefits normalize; cash/CAPEX/returns: operating cash flow use ≈$21M and free cash flow use ≈$35M in Q2, tank wagon/lubes sale returned ≈$85M, Q2 buybacks ≈$14M (YTD ≈$89M), dividend increased 15%; other metrics: total non‑GAAP adjustments ≈$19M ($18M after tax), adjusted op ex $233M (+35% y/y), net interest $31M (+90% y/y), and an adjusted effective tax rate of 21% (vs 11% LY); management remains measured given uncertain volatility and early signs of working capital improvement entering Q3.World Kinect Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
58
Neutral
Cash Flow
42
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 41.82B | 36.93B | 42.30B | 47.91B | 58.98B | 31.30B |
| Gross Profit | 817.50M | 534.60M | 714.70M | 784.33M | 522.00M | 66.10M |
| EBITDA | 31.50M | -532.00M | 332.40M | 323.33M | 366.10M | 226.80M |
| Net Income | -177.60M | -614.00M | 67.40M | 52.90M | 114.10M | 73.70M |
Balance Sheet | ||||||
| Total Assets | 6.60B | 5.86B | 6.73B | 7.38B | 8.16B | 5.94B |
| Cash, Cash Equivalents and Short-Term Investments | 135.30M | 193.50M | 382.90M | 304.30M | 298.40M | 652.20M |
| Total Debt | 745.30M | 697.10M | 1.06B | 1.08B | 1.05B | 673.60M |
| Total Liabilities | 5.33B | 4.56B | 4.78B | 5.43B | 6.17B | 4.03B |
| Stockholders Equity | 1.26B | 1.30B | 1.95B | 1.94B | 1.98B | 1.91B |
Cash Flow | ||||||
| Free Cash Flow | -16.20M | 227.30M | 191.70M | 14.80M | 59.90M | 111.20M |
| Operating Cash Flow | 46.90M | 292.90M | 259.90M | 102.40M | 138.50M | 150.40M |
| Investing Cash Flow | -100.40M | -170.00M | 64.50M | -101.10M | -724.90M | -58.40M |
| Financing Cash Flow | -241.60M | -315.10M | -230.60M | -152.40M | 237.30M | -113.60M |
World Kinect Technical Analysis
Positive
39.79
Price Trends
33.50
Positive
29.11
Positive
26.94
Positive
Market Momentum
1.85
Negative
69.76
Neutral
64.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WKC, the sentiment is Positive. The current price of 39.79 is above the 20-day moving average (MA) of 37.35, above the 50-day MA of 33.50, and above the 200-day MA of 26.94, indicating a bullish trend. The MACD of 1.85 indicates Negative momentum. The RSI at 69.76 is Neutral, neither overbought nor oversold. The STOCH value of 64.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WKC.
World Kinect Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $15.71B | 19.37 | 23.59% | 4.99% | 37.27% | -29.09% | |
74 Outperform | $8.57B | 6.29 | 24.08% | 1.78% | 13.54% | ― | |
73 Outperform | $4.31B | 9.43 | 32.61% | ― | -2.52% | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | $2.04B | -12.46 | -13.21% | 2.09% | 7.56% | 58.21% | |
62 Neutral | $4.16B | -78.01 | -37.66% | 1.61% | -6.49% | 93.38% | |
55 Neutral | $847.41M | 14.52 | -85.35% | 9.65% | -9.39% | 87.18% |
* Energy Sector Average
WKC
World Kinect
38.46
14.09
57.81%
DK
Delek US Holdings
59.75
40.39
208.64%
PBF
PBF Energy
61.17
39.20
178.43%
SUN
Sunoco
73.36
23.84
48.15%
CAPL
Crossamerica Partners
21.22
3.01
16.51%
PARR
Par Pacific Holdings
69.92
42.83
158.10%
World Kinect Corporate Events
Executive/Board ChangesShareholder Meetings
World Kinect shareholders approve directors and governance measures
Positive
Jul 2, 2026
On June 18, 2026, World Kinect Corporation held its 2026 Annual Meeting of Shareholders, at which investors elected all nominated directors to serve until the 2027 annual meeting or until successors are chosen. The slate’s approval, reflecte...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.