WKC

World Kinect (WKC) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. Analysts' growing optimism on the earnings prospects of this company that services ships, jets and trucks is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. Consensus earnings estimates for the next quarter and full year have moved considerably higher for World Kinect, as there has been strong agreement among the covering analysts in raising estimates. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: The earnings estimate of $0.83 per share for the current quarter represents a change of +53.7% from the number reported a year ago. Over the last 30 days, the Zacks Consensus Estimate for World Kinect has increased 13.7% because two estimates have moved higher compared to no negative revisions. The company is expected to earn $2.89 per share for the full year, which represents a change of +51.3% from the prior-year number. There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, one estimate has moved up for World Kinect versus no negative revisions. This has pushed the consensus estimate 18.14% higher. Thanks to promising estimate revisions, World Kinect currently carries a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. While strong estimate revisions for World Kinect have attracted decent investments and pushed the stock 13.1% higher over the past four weeks, further upside may still be left in the stock. So, you may consider adding it to your portfolio right away. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report World Kinect Corporation (WKC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. World Kinect (WKC) shares moved after the company reported stronger than expected second quarter 2026 results, including record adjusted earnings, higher gross profits, raised full year guidance and continued progress in reshaping its land segment portfolio. See our latest analysis for World Kinect. World Kinect's recent earnings surprise and guidance raise line up with a strong 30 day share price return of 13.11% and a 90 day share price return of 45.30%, while the 1 year total shareholder return of 39.47% suggests momentum has been building over both shorter and longer periods. If you are looking beyond World Kinect for other potential ideas in the energy and infrastructure space, this could be a good moment to scan 35 power grid technology and infrastructure stocks After World Kinect's sharp move and upgraded outlook, the key question now is straightforward: has the recent rerating already captured most of the good news, or does the current valuation still leave meaningful upside on the table? Based on the most followed narrative, World Kinect's fair value of $42.00 sits modestly above the last close of $38.14, which frames the recent share price strength in a wider valuation context. Read the complete narrative. Want to see what sits behind that renewables story? The fair value hinges on earnings turning around, margins stepping up, and revenue trends that initially contract before stabilizing. Curious how those moving pieces come together into a $42.00 view on World Kinect? Result: Fair Value of $42.00 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, World Kinect’s reliance on traditional fuel markets and exposure to rising regulatory and compliance costs could still challenge the bullish margin and earnings assumptions behind that $42.00 fair value. Find out about the key risks to this World Kinect narrative. If this mix of optimism and concern around World Kinect resonates with you, this may be an appropriate time to review both sides of the story and weigh the 3 key rewards and 3 important warning signs If World Kinect has caught your attention, do not stop there. Broaden your watchlist with other focused ideas that could support your overall portfolio decisions. Spot potential bargains before they get crowded by scanning 49 high quality undervalued stocks built around companies with attractive fundamentals and pricing. Prioritize resilience and aim for more peace of mind by filtering for 79 resilient stocks with low risk scores that score well on overall risk metrics and business quality. Search for less-followed opportunities by reviewing the screener containing 19 high quality undiscovered gems that pair strong fundamentals with limited current market attention. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include WKC. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

This article first appeared on GuruFocus. Adjusted Earnings Per Share (EPS): $1.29, highest quarterly adjusted EPS in company history. Gross Profit: Increased 50% year-over-year to $350 million, an all-time quarterly record. Aviation Gross Profit: Increased 51% year-over-year to $208 million, an all-time quarterly record for the segment. Marine Gross Profit: Increased almost three times the prior year level to $80 million, highest quarterly gross profit in segment history. Land Operating Income: $20 million, compared with $1 million in the second quarter of last year. Operating Expenses: $233 million, up 35% year-over-year. Net Interest Expense: $31 million, up 90% year-over-year. Adjusted Effective Tax Rate: 21%, compared to 11% in the second quarter of last year. Full-Year Adjusted EPS Guidance: Raised to $3.20 - $3.40 per share, up from prior range of $2.65 - $2.85 per share. Operating Cash Flow: Use of approximately $21 million. Free Cash Flow: Use of approximately $35 million. Dividend Increase: 15% increase to quarterly dividend. Share Repurchases: Approximately $14 million in the second quarter, bringing year-to-date repurchases to approximately $89 million. Warning! GuruFocus has detected 9 Warning Signs with WKC. Is WKC fairly valued? Test your thesis with our free DCF calculator. Release Date: July 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. World Kinect Corp (NYSE:WKC) delivered the highest quarterly adjusted EPS in the company's history at $1.29. Aviation and Marine segments achieved record quarterly gross profits, driven by favorable market conditions and strong execution. The company successfully simplified its portfolio, particularly in the Land segment, leading to improved returns and a more focused business model. WKC raised its full-year adjusted EPS guidance to a range of $3.20 to $3.40 per share, reflecting strong first-half performance. The company increased its quarterly dividend by 15% and repurchased approximately $14 million of shares, demonstrating a commitment to returning capital to shareholders. Consolidated second-quarter volume was down 9%, primarily due to lower demand tied to the Middle East conflict and business exits within the Land segment. Net interest expense increased by 90% year-over-year, driven by higher average borrowings due to elevated commodity prices. The adjusted effective tax rate for the quarter was 21%, up from 11% in the same quarter last year, reflecting a more normalized global income mix. Operating cash flow for the quarter was a use of approximately $21 million, impacted by higher commodity prices and volatility affecting working capital. The company remains cautious about future market conditions, indicating that the exceptional second-quarter performance may not be sustainable in the long term. Q: Why is World Kinect Corp maintaining a conservative outlook despite two consecutive quarters of exceeding expectations? A: Mike Tejada, Executive Vice President and CFO, explained that the company is taking a more measured approach due to the unpredictable nature of market conditions. While the first half of the year showed strong performance, the company is focusing on core operations and is cautious about predicting future market behavior. Q: Given recent market volatility, can World Kinect Corp maintain or grow earnings in 2027 compared to 2026? A: Mike Tejada noted that replicating the performance of Q1 and Q2 would be challenging. While volatility presents opportunities, predicting its persistence is difficult. The company remains focused on risk management and capitalizing on opportunities as they arise. Q: How should investors view the current profit levels in aviation and marine segments given recent volatility? A: Mike Tejada stated that while recent quarters have seen elevated profits due to market conditions, the company expects a return to more normalized levels. The baseline set at the beginning of the year remains a good reference point, with potential upside if market conditions remain favorable. Q: What is the reason behind the significant increase in bad debt expense, and is there a change in risk profile? A: Mike Tejada clarified that the increase in bad debt expense was due to one specific customer seeking credit protection, which was an outlier. The overall credit portfolio remains sound, and the company continues to manage credit risk prudently. Q: Is there a new normal for aviation and marine segments post-conflict, or is it too early to tell? A: Ira Birns, CEO, mentioned that while history suggests markets will settle, the current environment is unpredictable. Margins could remain elevated, but it depends on future market developments. The company is cautious in defining a new normal. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in World Kinect Corporation? Here are five stocks we like better. World Kinect posted an exceptional second quarter, with record adjusted EPS of $1.29 and record consolidated gross profit of $350 million, boosted by favorable volatility in Middle East-related markets and strong execution across its businesses. The aviation and marine segments delivered standout results, both setting quarterly gross profit records even though volumes fell year over year due to lower demand and conflict-related disruption. Management raised full-year 2026 adjusted EPS guidance to $3.20-$3.40, but emphasized that the first half was unusually strong and that it does not expect market conditions to remain this favorable. Initiated Dividends At World Fuel Services, Are They Sustainable? World Kinect (NYSE:WKC) reported what executives described as an exceptional second quarter of 2026, with record adjusted earnings per share and record consolidated gross profit, helped by favorable market conditions tied to ongoing Middle East-related volatility and stronger execution across its aviation, marine and land businesses. Chief Executive Officer Ira Birns said adjusted earnings per share of $1.29 marked “the highest quarterly adjusted EPS in our company’s history.” He cautioned, however, that the quarter should not be viewed as a normal run rate. → Could Truth API Become Trump Media’s First Meaningful Revenue Driver? “We should also be clear that this was an exceptional quarter, and not every quarter will look like this,” Birns said. “As we look ahead, we are not assuming the market conditions we saw over the past few months will repeat.” Chief Financial Officer Jose-Miguel “Mike” Tejada said consolidated gross profit rose 50% year-over-year to $350 million, an all-time quarterly record for the company. Total volume declined 9%, which Tejada attributed primarily to lower demand associated with the Middle East conflict and businesses exited within the land segment. → GE Vernova Just Sent a Mixed AI Signal to Investors Tejada said favorable market conditions that had supported first-quarter results lasted longer than the company initially expected, while potential market headwinds did not fully materialize. Price and volatility moderated from March and April peaks, but remained supportive enough for World Kinect to capture additional value. Second-quarter non-GAAP adjustments totaled approximately $19 million, or $18 million after tax, according to Tejada. He said those adjustments excluded items such as restructuring and exit costs, impairments, results from non-core divestitures and other non-recurring items. → D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? The aviation segment generated gross profit of $208 million, up 51% from a year earlier and a quarterly record for the segment. Aviation volume was 1.8 billion gallons, down 5% year-over-year, reflecting reductions in lower-margin volume and some demand disruption linked to the Middle East conflict. Tejada said the largest driver of aviation’s performance was the company’s physical inventory business, which benefited from elevated jet fuel price movements and market structure. The segment also received expected contributions from the Universal Trip Support acquisition, which closed in the fourth quarter of 2025. World Kinect said services represented about 18% of aviation gross profit, with services contributions more than doubling year-over-year. Tejada said this reflected the baseline benefit of Universal Trip Support and supported the company’s strategy of building a broader, more service-oriented aviation platform alongside fuel distribution. Marine gross profit nearly tripled from the prior year to $80 million, also a segment record. Marine volume was 3.5 million metric tons, down 10% year-over-year, primarily due to lower demand tied to the Middle East conflict. Tejada said both the core resale business and certain physical supply locations benefited from elevated bunker fuel prices, increased volatility and disciplined yield management. Executives also pointed to progress in the land segment, where the company has been simplifying its portfolio. Birns said the sale of World Kinect’s North American tank wagon business was completed in June, and Tejada said the June 1 sale of tank wagon delivery and lubricants businesses “substantially completes” the land transformation underway over the past two years. Land volume fell 12% year-over-year, and gross profit declined 8% to $62 million, largely due to businesses the company has exited. However, land operating income rose to $20 million from $1 million in the prior-year quarter, and operating margin expanded to more than 32% of gross profit. Birns said the refocused land portfolio is now centered on Cardlock and retail. He said the company serves about 3,100 retail customers, up from roughly 2,900 a year ago, while still holding a modest share of a fragmented U.S. market. “The portfolio is simpler, more focused, and performing better,” Birns said. World Kinect raised its full-year 2026 adjusted EPS guidance to a range of $3.20 to $3.40, up from its prior range of $2.65 to $2.85. Tejada said the increase principally reflects earnings already delivered in the first half and expectations for strong performance over the balance of the year. Still, management emphasized that the second half outlook assumes a more measured level of performance than the record first half. In response to a question from Bank of America analyst Ken Hoexter about whether guidance was conservative given continued volatility, Tejada said market conditions are difficult to predict. “The earnings principally reflects what we delivered in the first half,” Tejada said. “The markets are difficult to predict. Things are changing on a daily basis.” In aviation, the company expects third-quarter gross profit to be up year-over-year, supported by Universal Trip Support and continued strength in the core fuel distribution business. Sequentially, however, aviation gross profit is expected to decline as second-quarter inventory-related benefits normalize. For marine, Tejada said the company expects third-quarter gross profit to be up year-over-year but down sequentially, as the outlook does not assume a repeat of the second quarter’s exceptional market conditions. Operating cash flow was a use of approximately $21 million in the second quarter, while free cash flow was a use of approximately $35 million. Tejada said elevated commodity prices and volatility continued to increase working capital needs, particularly in aviation and marine. He added that the company had seen early signs of working capital improvement entering the third quarter. The sale of the tank wagon and lubricants businesses returned approximately $85 million of cash to the company during the quarter. Operating expenses rose 35% year-over-year to $233 million, driven by higher variable compensation tied to strong results, the inclusion of Universal Trip Support and a higher bad debt reserve. Tejada said the reserve reflected increased credit risk among certain customers amid elevated fuel prices and volatility, including one specific customer that sought credit protection. During the quarter, World Kinect’s board approved a 15% increase to the quarterly dividend, and the company repurchased approximately $14 million of shares. Year-to-date repurchases totaled approximately $89 million. Birns closed the call by saying the company is seeing benefits not only from market conditions but also from actions taken to strengthen execution and focus the business. “The business is more focused, our strategy is clear, and our teams are aligned around the areas where World Fuel has the strongest capabilities and the best opportunities to create value,” he said. World Kinect Energy Services, Inc (NYSE: WKC) is a global energy services company specializing in fuel procurement, supply chain management and risk mitigation solutions. The company offers an integrated platform that facilitates the sourcing, trading and logistics of refined fuels, natural gas, liquefied natural gas (LNG) and renewable energy products. Its services are designed to help industrial, commercial and institutional clients optimize energy costs, comply with environmental regulations and manage price volatility. In addition to traditional commodity trading and delivery, World Kinect provides a suite of value-added services that include carbon offset and decarbonization strategies, energy efficiency consulting and emissions reporting. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "World Kinect Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Delivers Record Gross Profit and Raises Fiscal Year 2026 Guidance MIAMI, July 23, 2026--(BUSINESS WIRE)--World Kinect Corporation (NYSE: WKC) today reported financial results for the second quarter of 2026. Second Quarter 2026 Highlights 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 Repurchased $14 million of common stock Increased regular quarterly cash dividend by 15% Reportable Segment Year-Over-Year Highlights Aviation Segment Second quarter 2026 gross profit was $208 million, the highest quarterly gross profit in the history of the segment, an increase of 51%, primarily attributable to stronger physical inventory-related profitability in our core commercial business driven by elevated jet fuel price volatility, in addition to the contribution from Universal Trip Support Services acquired in the fourth quarter of 2025. Land Segment 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. Marine Segment Second quarter 2026 gross profit was $80 million, the highest quarterly gross profit in the history of the segment, an increase of 195%, primarily driven by higher profit contribution from our core resale business and certain physical locations, which benefited from increased bunker fuel prices and elevated market volatility. "We delivered an exceptional quarter, reflecting solid execution by our team and the strength of our business during a period of significant market volatility," said Ira M. Birns, Chief Executive Officer. "Continued volatile market conditions associated with the conflict in the Middle East created meaningful opportunities across our business, once again demonstrating our ability to support customers through periods of disruption while delivering strong financial results." "Our second quarter results were very strong, driven by favorable market conditions and the benefits of our streamlined portfolio," said Mike Tejada, Executive Vice President and Chief Financial Officer. "This performance, together with our expectations for the balance of the year, enabled us to raise our full-year Adjusted EPS guidance for the second time this year, while returning capital to shareholders through a 15% dividend increase and additional share repurchases." 2026 Outlook For the full year 2026, the Company is increasing its Adjusted EPS1 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. Financial Summary (Unaudited - in millions, except per share data) Earnings Conference Call An investor conference call will be held today, July 23, 2026, at 5:00 PM Eastern Time to discuss our second quarter results. Participants can access the live webcast by visiting our website at ir.worldkinect.com. An on-demand replay of the webcast will be available shortly after the call. About the Company Headquartered in Miami, Florida, World Fuel is a leading global provider of aviation, marine and ground-based transportation fuels and complementary services. Through an integrated global supply and logistics network, it sources and distributes products and services to meet customer needs across more than 200 countries and territories throughout the world, including lower-carbon fuels to support customers' energy-transition objectives. In the United States, the Company also markets natural gas and related solutions. For more information, visit world-kinect.com. Definitions World Kinect Corporation (the "Company"), along with its consolidated subsidiaries, is referred to collectively as "World Kinect," "World Fuel," "we," "our," and "us." "Net income (loss)" means net income (loss) attributable to World Kinect as presented in the Consolidated Statements of Income and Comprehensive Income. "Operating margin" means income (loss) from operations as a percentage of gross profit. Non-GAAP Financial Measures We believe that the non-GAAP financial measures, when considered in conjunction with our financial information prepared in accordance with GAAP, are useful to investors to further aid in evaluating our ongoing financial performance and to provide supplemental information to our GAAP results. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. In addition, our presentation of the non-GAAP financial measures may not be comparable to the presentation of such metrics by other companies. Our non-GAAP financial measures exclude acquisition and divestiture related expenses, costs associated with restructuring activities (including all costs associated with exit activities), impairments, gains or losses on the extinguishment of debt, gains or losses on sale of businesses, integration costs associated with our acquisitions, and non-operating legal settlements, primarily because we do not believe they are reflective of our core operating results. We also exclude costs associated with a previously disclosed erroneous bid made in the Finnish power market (the "Finnish bid error") that resulted in the extraordinary losses and related penalties and fees, as well as operating results associated with certain non-core businesses divested or otherwise in the process of being exited or wound-down for periods following management's determination that the operating results of such businesses are no longer indicative of the Company's ongoing operations ("non-core divestitures and business exits"). While these non-core divestitures and business exits do not qualify for or represent discontinued operations under the applicable accounting guidance because they do not represent a strategic shift that will have a major effect on our operations and financial results, we believe that excluding the operating results associated with this activity enhances investors' understanding of the profitability of our remaining businesses. We use the following non-GAAP measures: Adjusted net income attributable to World Kinect ("Adjusted net income") is defined as net income excluding the impact of acquisition and divestiture related expenses, costs associated with restructuring activities (including all costs associated with exit activities), impairments, gains or losses on the extinguishment of debt, gains or losses on sale of businesses, integration costs, non-operating legal settlements, costs associated with the Finnish bid error, and operating results associated with non-core divestitures and business exits. Adjusted diluted earnings per common share ("Adjusted EPS") is computed by dividing adjusted net income by the sum of the weighted average number of shares of common stock outstanding for the period and the number of additional shares of common stock that would have been outstanding if our outstanding potentially dilutive securities had been issued. For the purpose of calculating Adjusted EPS, the weighted average number of shares of common stock outstanding is adjusted to include the convertible note hedges. Potentially dilutive securities include share-based compensation awards, such as non-vested restricted stock units, performance stock units where the performance requirements have been met, settled stock appreciation rights awards, and the convertible notes. Adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") is defined as net income including noncontrolling interest and excluding the impact of interest, income taxes, and depreciation and amortization, in addition to acquisition and divestiture related expenses, costs associated with restructuring activities (including all costs associated with exit activities), impairments, gains or losses on sale of businesses, integration costs, non-operating legal settlements, costs associated with the Finnish bid error, and operating results associated with non-core divestitures and business exits. Adjusted income from operations is defined as income (loss) from operations excluding the impact of acquisition and divestiture related expenses, costs associated with restructuring activities (including all costs associated with exit activities), impairments, integration costs, costs associated with the Finnish bid error, and operating results associated with non-core divestitures and business exits. Adjusted income from operations as a percentage of gross profit ("Adjusted operating margin") is computed by dividing Adjusted income from operations by Adjusted gross profit. Adjusted operating expenses is defined as operating expenses excluding the impact of acquisition and divestiture related expenses, costs associated with restructuring activities (including all costs associated with exit activities), impairments, integration costs, costs associated with the Finnish bid error, and operating results associated with non-core divestitures and business exits. Adjusted gross profit is defined as gross profit excluding the impact of costs associated with the Finnish bid error and operating results associated with non-core divestitures and business exits. Free cash flow is defined as operating cash flow minus total capital expenditures. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures in this press release and on our website. Information Relating to Forward-Looking Statements This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain the words "believe," "expect," "could," "conviction," "would," "will," "continue," "future," "may," "outlook," "undertake," "anticipated," "forecast," "forward," "guidance," "predict," "expectation," or words or phrases of similar meaning. Specifically, this release includes forward-looking statements regarding our future performance and geopolitical and economic conditions in the markets in which we operate. Our forward-looking statements are qualified in their entirety by cautionary statements and risk factor disclosures contained in our Securities and Exchange Commission ("SEC") filings, including our most recent Annual Report on Form 10-K filed with the SEC. Our actual results may differ materially from the future results, performance or achievements expressed or implied by the forward-looking statements. Important factors that could cause actual results to differ materially from the results and events anticipated or implied by such forward-looking statements include, but are not limited to: customer and counterparty creditworthiness and our ability to collect accounts receivable and settle derivative contracts; changes in the market prices of, or an unexpected shortage or disruption in the supply of, energy or commodities or extremely high or low fuel prices that continue for an extended period of time; adverse conditions in the industries in which our customers operate; our inability to effectively mitigate certain financial risks and other risks associated with derivatives and our physical fuel products; changes in the political, economic or regulatory environment generally and in the markets in which we operate, including as a result of the current conflicts in Middle East and Eastern Europe; our ability to achieve the expected level of benefit from our restructuring activities and cost reduction initiatives; relationships with our employees and potential labor disputes associated with employees covered by collective bargaining agreements; our failure to comply with restrictions and covenants governing our outstanding indebtedness; the impact of cyber, AI and other information technology or security related incidents on us, our customers or other parties; the imposition of tariffs or retaliatory tariffs and other trade measures, or renegotiation of existing trade arrangements; greenhouse gas reduction programs and other environmental and climate change legislation adopted by governments around the world, including cap and trade regimes, carbon taxes, increased efficiency standards and mandates for renewable energy, and increased scrutiny on environmental and carbon offset credits, each of which could increase our operating and compliance costs as well as adversely impact our sales of fuel products; changes in credit terms extended to us from our suppliers; non-performance of suppliers on their sale commitments and customers on their purchase commitments; non-performance of third-party service providers; our ability to effectively integrate and derive benefits from acquired businesses or fully realize the anticipated benefits of our acquisitions, divestitures and other strategic transactions; our ability to effectively complete divestitures in accordance with anticipated timing; our ability to meet financial forecasts associated with our operating plan; lower than expected cash flows and revenues, which could impair our ability to realize the value of recorded intangible assets and goodwill; the availability of cash and sufficient liquidity to fund our working capital and strategic investment needs; currency exchange fluctuations; inflationary pressures and their impact on our customers or the global economy, including sudden or significant increases in interest rates or a global recession; our ability to effectively leverage technology and operating systems and realize the anticipated benefits; the proliferation of alternative fuel which could result in lower global demand for certain energy sources; failure to meet fuel and other product specifications agreed with our customers; environmental and other risks associated with the storage, transportation and delivery of petroleum products; reputational harm from adverse publicity arising out of spills, environmental contamination or public perception about the impacts on climate change by us or other companies in our industry; risks associated with operating in high-risk locations, including supply disruptions, border or route closures and other logistical difficulties that arise when working in these areas; uninsured or underinsured losses; seasonal variability that adversely affects our revenues and operating results, as well as the impact of natural disasters, such as earthquakes, hurricanes and wildfires; pandemics, terrorism, global conflicts, power outages, and other events that could impact demand for fuel; declines in the value and liquidity of cash equivalents and investments; our ability to retain and attract senior management and other key employees; changes in U.S. or foreign tax laws, interpretations of such laws, changes in the mix of taxable income among different tax jurisdictions, or adverse results of tax audits, assessments, or disputes; our failure to generate sufficient future taxable income in jurisdictions with material deferred tax assets and net operating loss carryforwards; changes in multilateral conventions, treaties, tariffs and trade measures or other arrangements between or among sovereign nations; our ability to comply with U.S. and international laws and regulations, including those related to anti-corruption, economic sanction programs and environmental matters; the outcome of litigation, regulatory investigations and other legal matters, including the associated legal and other costs; and other risks described from time to time in our SEC filings. New risks emerge from time to time and it is not possible for management to predict all such risk factors or to assess the impact of such risks on our business or the extent to which any factor may cause actual results to differ materially from those contained in any forward-looking statement. Further, forward-looking statements speak only as of the date they are made. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, changes in expectations, future events, or otherwise, except as required by law. -- Some amounts in this press release may not add due to rounding. All percentages have been calculated using unrounded amounts -- View source version on businesswire.com: https://www.businesswire.com/news/home/20260723435053/en/ Contacts Braulio Medrano, Senior Director FP&A and Investor [email protected]

World Kinect (WKC) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +72.00%. A quarter ago, it was expected that this company that services ships, jets and trucks would post earnings of $0.31 per share when it actually produced earnings of $0.75, delivering a surprise of +141.94%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. World Kinect, which belongs to the Zacks Oil and Gas - Refining and Marketing industry, posted revenues of $13.59 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 29.70%. This compares to year-ago revenues of $9.04 billion. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. World Kinect shares have added about 54.9% since the beginning of the year versus the S&P 500's gain of 9.6%. While World Kinect has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for World Kinect was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.78 on $10.44 billion in revenues for the coming quarter and $2.89 on $40.61 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Refining and Marketing is currently in the top 13% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Par Petroleum (PARR), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 4. This independent oil and gas company is expected to post quarterly earnings of $8.20 per share in its upcoming report, which represents a year-over-year change of +432.5%. The consensus EPS estimate for the quarter has been revised 40.1% higher over the last 30 days to the current level. Par Petroleum's revenues are expected to be $2.48 billion, up 30.8% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report World Kinect Corporation (WKC) : Free Stock Analysis Report Par Pacific Holdings, Inc. (PARR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research