WORLD KINECT CORP

Listed Company

WKCCIK 0000789460NYSELarge AcceleratedWholesale-Petroleum & Petroleum Products (No Bulk Stations)FloridaFY ends Dec 31

Period

FY 2025

Revenue

$36.92B

Net Income

$-614.40M

Total Assets

$5.86B

Equity

$1.30B

Shares Out

51.36M

Op. Cash Flow

$292.90M

WKC$36.51+28.76% · past yearDBEQ Basic

Daily closing prices

Business

World Kinect Corporation is a global energy management company providing fuel fulfillment and related services to customers in aviation, marine, and land transportation sectors, along with natural gas supply and sustainability-related products. The company operates three reportable segments: aviation (fuel and comprehensive services to airlines, airports, and operators), marine (fuel, lubricants, and services to shipping fleets and cruise lines), and land (liquid fuels, natural gas, and related products to commercial and industrial customers). World Kinect serves customers globally through an extensive network of on-airport operations, cardlock networks, and third-party suppliers.

Summary from 10-K filed 2026-02-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	36,917	42,168	47,711	59,043	31,337
Cost of revenue	35,969	41,142	46,652	57,954	30,549
Gross profit	948	1,026	1,058	1,089	788
Compensation and employee benefits	437	483	512	507	387
General and administrative	283	297	308	309	248
Goodwill and other asset impairments	690	29	33	600,000	5
Restructuring and Exit Activities Charges	103	7	7	−800,000	7
Total operating expenses	1,513	816	860	816	646
Income (loss) from operations	−565	211	198	273	143
Interest expense and other financing costs, net	−101	−102	−128	−111	—
Other income (expense), net	−74	−13	−4	−18	−2
Total non-operating income (expense), net	−175	−115	−131	−128	−43
Income (loss) before income taxes	−740	96	67	145	100
Income tax expense (benefit)	−128	28	13	29	26
Net income (loss) including noncontrolling interest	−612	68	54	116	74
Net income (loss) attributable to noncontrolling interest	3	500,000	800,000	2	500,000
Net income (loss) attributable to World Kinect	−614	67	53	114	74
Basic earnings (loss) per common share (in dollars per share)	−10.99	1.14	0.86	1.83	1.17
Basic weighted average common shares (in shares)	56	59	61	62	63
Diluted earnings (loss) per common share (in dollars per share)	−10.99	1.13	0.86	1.82	1.16
Diluted weighted average common shares (in shares)	56	60	62	63	63
Foreign currency translation adjustments	75	67	20	−46	−14
Cash flow hedges, net of income tax expense (benefit) of ($0.3), ($3.5), and ($2.7) for 2025, 2024, and 2023, respectively	−900,000	−10	−8	22	10
Total other comprehensive income (loss)	74	58	12	−24	−4
Comprehensive income (loss) including noncontrolling interest	−538	126	66	92	70
Comprehensive income (loss) attributable to noncontrolling interest	3	500,000	800,000	2	500,000
Comprehensive income (loss) attributable to World Kinect	−541	125	65	90	70

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	194	383	304	—	—
Accounts receivable, net of allowance for credit losses of $15.6 million and $22.5 million as of December 31, 2025 and 2024, respectively	2,200	2,400	2,700	3,300	2,400
Inventories	454	514	665	780	478
Prepaid expenses	87	71	78	84	59
Short-term derivative assets, net	101	177	275	302	169
Other current assets	457	382	446	480	306
Total current assets	3,501	3,959	4,504	5,238	4,020
Property and equipment, net	348	513	515	484	349
Goodwill	738	1,182	1,238	1,233	862
Identifiable intangible assets, net	312	261	300	336	189
Other non-current assets	966	816	819	—	—
Total assets	5,864	6,732	7,375	8,165	5,942
Current maturities of long-term debt	12	84	79	16	31
Accounts payable	2,587	2,727	3,098	3,530	2,400
Short-term derivative liabilities, net	53	92	128	325	168
Accrued expenses and other current liabilities	659	536	745	738	293
Total current liabilities	3,310	3,438	4,050	4,609	3,097
Long-term debt	685	797	809	830	478
Other long-term liabilities	560	541	567	735	237
Total liabilities	4,556	4,776	5,426	6,174	4,026
Commitments and contingencies	—	—	—	—	—
Preferred stock, $1.00 par value; 0.1 shares authorized, none issued	0	0	0	0	0
Common stock, $0.01 par value; 100.0 shares authorized, 54.1 and 56.7 issued and outstanding as of December 31, 2025 and 2024, respectively	500,000	600,000	600,000	600,000	600,000
Capital in excess of par value	0	30	110	182	168
Retained earnings	1,316	2,009	1,982	1,963	1,881
Accumulated other comprehensive income (loss)	−17	−91	−149	−161	−137
Total World Kinect shareholders' equity	1,299	1,949	1,943	1,985	1,913
Noncontrolling interest	9	7	7	6	4
Total equity	1,308	1,956	1,950	1,991	1,917
Total liabilities and equity	5,864	6,732	7,375	8,165	5,942

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Unrealized (gain) loss on derivatives	28	25	−268	180	15
(Gain) loss on sale of business	82	15	−2	8	—
Depreciation and amortization	98	106	105	108	—
Noncash operating lease expense	37	36	35	35	—
Provision for credit losses	4	12	5	8	6
Share-based payment award compensation costs	26	28	24	18	20
Deferred income tax expense (benefit)	−176	−15	−31	−19	—
Unrealized foreign currency (gains) losses, net	14	31	−17	22	−3
Other	45	17	25	23	14
Accounts receivable, net	106	259	569	−871	−1,133
Inventories	1	133	187	−252	−135
Prepaid expenses	−19	−2	7	−25	−11
Other current assets	−27	21	−31	−124	−33
Cash collateral with counterparties	45	105	169	−253	23
Other non-current assets	−92	−118	−88	−12	−35
Change in derivative assets and liabilities, net	8	−3	−5	3	17
Accounts payable	−33	−356	−442	1,108	1,189
Accrued expenses and other current liabilities	45	−164	−48	148	—
Other long-term liabilities	22	34	−10	−81	—
Net cash provided by (used in) operating activities	293	260	271	139	173
Acquisition of business, net of cash acquired	−154	−40	−14	−644	−37
Proceeds from sale of business, net of divested cash	23	209	9	0	—
Capital expenditures	−66	−68	−88	−79	−39
Other investing activities, net	26	−36	−9	−3	−7
Net cash provided by (used in) investing activities	−170	65	−101	−725	−58
Borrowings of debt	3,602	3,844	5,922	6,945	300,000
Repayments of debt	−3,774	−3,876	−6,224	−6,611	−24
Issuance of Convertible Notes	0	0	350	0	0
Dividends paid on common stock	−41	−39	−34	−31	−29
Repurchases of common stock	−85	−100	−60	−49	−51
Purchase of convertible note hedges	0	0	−71	0	0
Sale of warrants	0	0	40	0	0
Payments of deferred consideration for acquisitions	−7	−52	−63	−12	—
Other financing activities, net	−10	−8	−12	−5	−800,000
Net cash provided by (used in) financing activities	−315	−231	−152	237	−114
Cash and cash equivalents	−600,000	0	0	—	—
Effect of exchange rate changes on cash and cash equivalents	3	−15	−12	—	—
Net increase (decrease) in cash and cash equivalents	−189	79	6	−354	−7

Filings

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Frequently asked questions

What is WORLD KINECT CORP's CIK number?

WORLD KINECT CORP's SEC CIK number is 0000789460 (789460). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find WORLD KINECT CORP's SEC filings?

All of WORLD KINECT CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did WORLD KINECT CORP last report earnings?

WORLD KINECT CORP (WKC) most recently filed an earnings 8-K with the SEC on Apr 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000789460-26-000023). This is WORLD KINECT CORP's most recent earnings filing of record — not a forecast of its next earnings date.

What is WORLD KINECT CORP's most recent earnings 8-K?

WORLD KINECT CORP's latest earnings 8-K (Item 2.02) was filed Apr 23, 2026 under accession 0000789460-26-000023. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View WORLD KINECT CORP's latest earnings 8-K →
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