AI Earnings Predictions for World Kinect Corporation (WKC)

EX-99.1

2 a2026q38-kexx991earnings.htm

EX-99.1

Document

Exhibit 99.1

World Kinect Corporation Reports Third Quarter 2026 Results

Delivers Strong Third Quarter Results and Raises Fiscal Year 2026 Guidance

MIAMI—October 29, 2026—World Kinect Corporation (NYSE: WKC), operating as World Fuel, today reported financial results for the third quarter of 2026.

Third Quarter 2026 Highlights

•Gross profit of $288 million

•Adjusted gross profit of $279 million

•GAAP net income of $38 million, or $0.70 per diluted share

•Adjusted net income of $51 million, or $0.99 per diluted share

•Adjusted EBITDA of $127 million

•Operating cash flow of $175 million and free cash flow of $164 million

Reportable Segment Year-Over-Year Highlights

Aviation Segment

•Third quarter 2026 gross profit was $148 million, an increase of 4%, primarily attributable to the contribution from the Universal Trip Support Services acquisition that closed in the fourth quarter of 2025 and growth in our core commercial fuel business, principally in Europe and Latin America.

Marine Segment

•Third quarter 2026 gross profit was $59 million, an increase of 131%, primarily driven by higher profit contribution from our core resale business and certain physical locations, which continue to benefit from increased bunker fuel prices and global supply dynamics.

Land Segment

•Third quarter 2026 gross profit was $81 million and income from operations was $28 million. Land Adjusted income from operations increased 102% year-over-year, principally reflecting the benefits of our land portfolio transformation and higher contribution from our retail and cardlock operations.

"We delivered another strong quarter, supported by healthy fundamentals in Aviation, strong performance in Marine and continued progress in Land," said Ira M. Birns, Chief Executive Officer. "The actions we have taken to reshape the company are creating a stronger, more focused business, better positioned to deliver improved returns and profitable growth."

"Our third quarter results reflect strong execution across the business and continued improvement in Land," said Mike Tejada, Executive Vice President and Chief Financial Officer. "We generated $164 million of free cash flow during the quarter, further strengthening our financial flexibility to invest in the business and return capital to shareholders."

1

2026 Outlook

For the full year 2026, Adjusted EPS1 guidance increases to a range of $3.52 to $3.62 per share, from its prior range of $3.20 to $3.40 per share.

Financial Summary

(Unaudited - in millions, except per share data)

Three Months Ended September 30,Nine Months Ended September 30,

20262025Change20262025Change

Volume (1) 4,0384,283(6)%11,94212,680(6)%

Revenue$13,271$9,39241%$36,547$27,88831%

Gross profit$288$25015%$924$71230%

Adjusted gross profit $279$25012%$882$71224%

Operating expenses $208$18711%$692$1,001(31)%

Adjusted operating expenses $176$181(3)%$591$53111%

Income (loss) from operations$80$6327%$232$(289)180%

Operating margin 28%25%25%(41)%

Adjusted income from operations$103$6950%$292$18161%

Adjusted operating margin 37%27%33%25%

Net income (loss) including noncontrolling interest$38$2835%$113$(332)134%

Adjusted EBITDA $127$9435%$357$26237%

Diluted earnings (loss) per common share $0.70$0.4652%$2.14$(5.95)136%

Adjusted EPS$0.99$0.5483%$3.02$1.6089%

(1)Includes gallons and gallon equivalents converted as described in the table below.

Earnings Conference Call

An investor conference call will be held today, October 29, 2026, at 5:00 PM Eastern Time to discuss our third quarter results. Participants can access the live webcast by visiting our website at ir.worldfuel.com. An on-demand replay of the webcast will be available shortly after the call.

About World Fuel

Headquartered in Miami, Florida, we are a leading global provider of aviation, marine and ground-based transportation fuels and complementary services. Through an integrated global supply and logistics network, we source and distribute 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, we also market natural gas and related solutions.

For more information, visit www.worldfuel.com.

1 Adjusted EPS is a non-GAAP measure that excludes from the corresponding GAAP financial measure of diluted earnings per share the effect of adjustments as described under "Non-GAAP Financial Measures". We have not provided a reconciliation of such non-GAAP guidance to the corresponding GAAP measure because we cannot predict and quantify with a reasonable degree of confidence all of the adjustments that may occur during the period.

2

Contacts

Braulio Medrano, Senior Director FP&A and Investor Relations

investor@worldfuel.com

Definitions

•World Kinect Corporation (the "Company"), along with its consolidated subsidiaries, is referred t

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