World Kinect (NYSE:WKC) reported a record second quarter of 2026, achieving adjusted earnings per share of $1.29, the highest in the company’s history, primarily driven by favorable market conditions linked to ongoing Middle East volatility. Consolidated gross profit reached $350 million, reflecting a 50% year-over-year increase, despite a 9% decline in total volume attributed to lower demand from the Middle East conflict.
The aviation segment produced a gross profit of $208 million, a 51% increase from the previous year, while marine gross profit nearly tripled to $80 million. Despite a year-over-year decline in volumes for both segments—5% for aviation and 10% for marine—World Kinect benefited from elevated fuel prices and enhanced execution strategies.
For the full year 2026, the company raised its adjusted EPS guidance to between $3.20 and $3.40 but cautioned against assuming continuous favorable market conditions in the second half. Operating cash flow was negative at approximately $21 million, influenced by higher working capital demands, while a 15% increase in the quarterly dividend was approved by the board.
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