World Kinect
Connects fuel, trip support, natural gas, and marine logistics to transportation customers.
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Profile
Supplies fuel, trip support, natural gas, and marine logistics through Aviation, Land, and Marine segments. Aviation is the main profit engine, Land is being reset around core North American activities, and Marine remains a global fuel and services counterparty for shipping and government customers.
Operates an asset-light energy fulfillment platform across Aviation, Land, and Marine. Aviation supplies fuel management, ground handling, dispatch, flight planning, scheduling, and trip support to airlines, cargo carriers, business aviation, airports, fixed-base operators, and government customers.
Land sells liquid fuels, natural gas, and related services mainly in North America, using contract sales, spot sales, and a cardlock network. Marine markets fuel, lubricants, market intelligence, credit, and logistics support to container, dry bulk, tanker, cruise, yacht, government, and fuel-supplier customers.
The operating model combines fuel supply, service coordination, market intelligence, customer credit, and logistics in an intermediary role. Current portfolio shape reflects a Land reset, the Universal trip-support acquisition, and exits from non-core operations.
Company facts
Categories
Key statistics
Year to date +47.0% · Average volume (30d) 1.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 29, 2026 | Morgan Stanley | Target | $28 | $30 | ||
| Oct 25, 2024 | Stifel | Downgrade | Buy | Hold | ||
| Sep 16, 2024 | Morgan Stanley | Downgrade | Equal Weight | Underweight |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $0.75 | $1.29 | +72.0% | $10.50B | $13.59B | +29.4% | +5.16% |
| Apr 23, 2026Q1 FY26 | $0.31 | $0.75 | +141.9% | $8.71B | $9.69B | +11.2% | +10.92% |
| Feb 19, 2026Q4 FY25 | $0.47 | $0.30 | −36.2% | $9.41B | $9.03B | −4.0% | −6.09% |
| Oct 23, 2025Q3 FY25 | $0.61 | $0.54 | −11.5% | $9.41B | $9.40B | 0.0% | +3.49% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $9.44B | $9.06B | $9.40B | $9.03B | $9.69B | $13.71B | |
| Gross profit | $118.2M | $140.9M | $154.6M | $120.9M | $140.4M | $401.6M | |
| Operating income | $45.8M | $73.6M | $85.1M | $49.5M | $63.0M | $132.5M | |
| Net income | −$21.1M | −$339.3M | $25.7M | −$279.3M | $26.3M | $49.7M | |
| Diluted EPS | −$0.37 | −$6.01 | $0.46 | −$5.11 | $0.50 | $0.94 | |
| Gross margin | 1.3% | 1.6% | 1.6% | 1.3% | 1.4% | 2.9% | |
| Operating margin | 0.5% | 0.8% | 0.9% | 0.5% | 0.7% | 1.0% |
Fiscal years (4-quarter sums)FY21 $31.30B · FY22 $59.04B · FY23 $47.91B · FY24 $42.14B · FY25 $36.93B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $135.3M · Total debt $745.3M · Total assets $6.60B · Shareholders' equity $1.26B
Dividends
Raised for 12 straight years — most recently to $0.23 from $0.20 in Jun 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 16 | $0.23 | raised from $0.20 |
| Mar 30, 2026 | Mar 30 | Apr 16 | $0.20 | |
| Dec 15, 2025 | Dec 15 | Jan 16 | $0.20 | |
| Sep 30, 2025 | Sep 30 | Oct 16 | $0.20 | |
| Jun 17, 2025 | Jun 17 | Jul 16 | $0.20 | raised from $0.17 |
| Mar 31, 2025 | Mar 31 | Apr 16 | $0.17 | |
| Dec 23, 2024 | Dec 23 | Jan 16 | $0.17 | |
| Sep 30, 2024 | Sep 30 | Oct 16 | $0.17 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 51.15M · Float 49.21M · 96.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 9.73M | 19.03% | 13F | Aug 7, 2026 |
| Brandes Investment Partners, LP | 4.40M | 8.60% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 3.83M | 7.48% | 13F | Aug 13, 2026 |
| State Street Corp | 3.36M | 6.57% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 2.93M | 5.73% | 13F | Aug 11, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 13, 2026 | Jose-Miguel Tejada | officer: EVP, Chief Financial Officer | −6,000 | $37.16 |
| Aug 3, 2026 | Michael J. Kasbar | director, officer: Executive Chairman | −10,000 | $39.41 |
| Jul 29, 2026 | Paul H. Stebbins | director | −33,445 | $39.93 |
| Jul 29, 2026 | John L. Manley | director | −10,000 | $39.88 |
| Jul 10, 2026 | Michael J. Kasbar | director, officer: Executive Chairman | −25,000 | $35.04 |
Peers
- Shell (ADR)
Broad aviation, marine, and commercial-fuel overlap from an oil major
- BP (ADR)
Air bp creates direct pressure in aviation fuel and SAF
- TotalEnergies
Integrated aviation, marine, and SAF supplier with NYSE trading
- Sunoco
Large land-fuel distributor pressuring commercial and retail supply
- Global Partners
Regional land-fuel and terminal operator with commercial overlap
- CBL International
Listed marine-bunkering specialist with a narrow direct overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| World Kinect | $35.45 | −0.03% | $1.81B | — | 12.8 | 0.0 | +50.0% |
| Shell (ADR) | $91.47 | +0.63% | $253.47B | 10.0 | 9.2 | 0.8 | +44.7% |
| BP (ADR) | $42.30 | +0.38% | $110.54B | 21.1 | 8.3 | 0.5 | +46.5% |
| TotalEnergies | $86.31 | −0.05% | $192.30B | 10.9 | 8.4 | 1.0 | +26.2% |
| Sunoco | $74.65 | −0.04% | $10.21B | 14.6 | 9.0 | 0.3 | +164.6% |
| Global Partners | $50.70 | +0.60% | $1.72B | 10.3 | 13.2 | 0.1 | +46.8% |
| CBL International | $15.30 | −4.97% | $34.1M | — | — | 0.2 | — |
| Median | 10.9 | 9.0 | 0.4 | +46.5% |