World Kinect Corporation (WKC) Earnings
World Kinect Corporation is expected to report next earnings on July 30, 2026 (in NaN days), with a consensus EPS estimate of $0.71. WKC has beaten EPS estimates in 6 of its last 12 reported quarters (average surprise +29.3% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $0.31 | $0.75 | +141.9% | $9.7B | +11.2% |
| Feb 19, 2026 | $0.47 | $0.30 | -36.2% | $9.0B | +1.7% |
| Oct 23, 2025 | $0.61 | $0.54 | -11.5% | $9.4B | -0.0% |
| Jul 31, 2025 | $0.48 | $0.59 | +22.9% | $9.1B | -2.9% |
| Apr 24, 2025 | $0.45 | $0.48 | +6.7% | $9.5B | -9.7% |
| Feb 20, 2025 | $0.57 | $0.62 | +8.8% | $9.8B | -5.5% |
| Oct 24, 2024 | $0.62 | $0.62 | +0.0% | $10.5B | -2.7% |
| Jul 25, 2024 | $0.56 | $0.48 | -14.3% | $11.0B | -8.1% |
| Apr 25, 2024 | $0.49 | $0.47 | -4.1% | $10.9B | -7.5% |
| Feb 22, 2024 | $0.44 | $0.54 | +22.7% | $12.0B | -1.1% |
| Oct 26, 2023 | $0.58 | $0.58 | +0.0% | $12.2B | +1.8% |
| Jul 27, 2023 | $0.47 | $0.48 | +2.1% | $11.0B | -16.8% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 23, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Ira Burns is proud of the team for delivering a strong start to 2026 despite a volatile environment, driven by execution and the portfolio strategy. • WorldFuel is the unified corporate and commercial brand for substantially all internal and external purposes, reflecting strategic clarity. • Marine team executed well in a volatile market, actively managing pricing, credit exposure, and operational risk. • Aviation exceeded expectations with higher prices and increased volatility, and the integration of Universal Trip Support services is underway. • Land core activities were in line with expectations with strong card lock and retail results, and progress made on portfolio exits.
Guidance
• For 2026, updated adjusted ETFs guidance to $2.65 - $2.85 per share from the prior range of $2.20 - $2.40 per share, reflecting overperformance to date. • Expect overall adjusted ETFs to be higher year over year in Q2. • Expect positive pre-cash flow in 2026 consistent with prior years. • Returned $86 million of capital to shareholders in the first quarter, remaining disciplined in capital allocation.
Segment performance
Marine: Volumes were approximately 4 million metric tons in the first quarter, up 4% year-over-year, and gross profit was $66 million, up a significant 86% year-over-year. Aviation: Aviation volume was down 5% in the first quarter, but gross profit was $138 million, up 20% year-over-year. Land: Land core activities performed largely in line with expectations, with strong card lock and retail results offset by modest softness in the natural gas business. For Q2, marine gross profit is expected to be lower sequentially but higher year over year; aviation gross profit is expected to be up sequentially; land gross profit is expected to be up sequentially though down versus the prior year, with core land businesses expected to further improve with operating income on track to nearly double and operating margin improving toward the 30% target for 2026.
Risks & headwinds
• Volatility in global energy markets due to the Middle East conflict, which could impact pricing and profitability. • Uncertainty in market conditions, including potential extension of the conflict affecting supply and demand. • Possible volume degradation in aviation due to airlines announcing schedule reductions, which could offset growth.
Analyst Q&A
Q: Ken Hexter from Bank of America asks about the pullback in the forecast and how to think about it.
A: Mike explains about balancing headwinds and the Q1 overperformance, stating the guidance for the remainder of the year holds consistently with the Q1 overperformance reflected.
Q: Ken asks about the sustainability of marine's strong performance.
A: Ira and Mike discuss the peak volatility in March, April's performance still having some volatility but not to the extreme of early March, and the cautious optimistic view on the rest of the quarter.
Q: Ken asks about aviation seasonality.
A: John mentions airlines' schedule reductions could offset growth but aviation seasonality is still likely to be strong.
Q: Ken asks about aviation gross profit and its ties to various factors.
A: Mike talks about universal trip support and spot business activities contributing to the margin pick in aviation.
Q: Ken asks about credit extension.
A: Ira discusses the team's work on credit-related risks, including adjusting credit lines for customers in a volatile market and the team's risk management process