Fuel distributor World Kinect Q3 adjusted EPS soars; 2026 outlook lifted
Overview
Global fuel distributor's Q3 revenue rose 41% yr/yr
Adjusted EPS for Q3 beat analyst expectations, rising 83% yr/yr
Company raised full-year 2026 adjusted EPS guidance
Outlook
World Kinect raises 2026 adjusted EPS guidance to $3.52-$3.62 from $3.20-$3.40
Result Drivers
AVIATION SEGMENT - Co said gross profit growth was driven by Universal Trip Support Services acquisition and commercial fuel business growth in Europe and Latin America
MARINE SEGMENT - Co said gross profit surge was due to higher profit from core resale business and physical locations benefiting from increased bunker fuel prices and global supply dynamics
LAND SEGMENT - Co attributed improved results to land portfolio transformation and higher contribution from retail and cardlock operations
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $13.27 bln | $12.34 bln (2 Analysts) |
Q3 Adjusted EPS | Beat | $0.99 | $0.96 (3 Analysts) |
Q3 EPS | $0.70 |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", no "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the oil & gas refining and marketing peer group is "buy."
Wall Street's median 12-month price target for World Kinect Corporation is $41.00, about 12% above its October 28 closing price of $36.61
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)