World Fuel Services (WKC) Q3 2026 Earnings Call: EPS Guidance Raised
Source Tradingkey
Key Takeaways
- World Fuel Services reported record third-quarter adjusted EPS of $0.99, up 83% year over year.
- Consolidated adjusted gross profit increased 12% to $279 million, led by a 131% increase in Marine gross profit.
- Aviation gross profit rose 4% to $148 million, supported by stronger commercial fuel resale activity and the Universal Trip Support acquisition.
- Land adjusted operating income more than doubled to $28 million as portfolio simplification, retail growth and improved execution supported profitability.
- The company generated $175 million of operating cash flow and $164 million of free cash flow during the quarter.
- Management raised full-year 2026 adjusted EPS guidance to $3.52-$3.62 from $3.20-$3.40, marking its third guidance increase of the year.
Key Financial Data
| Metric | Q3 2026 | Year-over-year change | Commentary |
|---|---|---|---|
| Adjusted EPS | $0.99 | +83% | Record third-quarter result |
| Adjusted gross profit | $279 million | +12% | Led by Marine performance |
| Adjusted operating expenses | $176 million | -3% | Reflected Land portfolio simplification, partly offset by Universal expenses |
| Net interest expense | $31 million | +90% | Higher average borrowings and working capital requirements |
| Adjusted effective tax rate | 32% | Versus 27.4% | Unfavorable discrete tax items offset earlier benefits |
| Operating cash flow | $175 million | — | Supported by improved working capital discipline |
| Free cash flow | $164 million | — | Strengthened financial flexibility |
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
US GDP grew 3.4% while inflation reached 3.6%. Nasdaq fell as AI stocks sold off, with gold near $4,000. Explore the latest market news for Australia.
Alphabet shares fell nearly 12% early Thursday, on track for their worst post-earnings drop on record. Google’s AI search is drawing more users but less ad money.The slide erased roughly $465 billion
Strategy, the former MicroStrategy and the largest corporate holder of Bitcoin (BTC), reported a record $21 billion operating profit for the third quarter on Thursday. Every dollar of it came from a p
Bitcoin is beating the S&P 500 on more trading days than not in recent weeks. Still, the price keeps failing to hold above $85,000, and has more recently even struggled to stay clear of $80,000.On-cha
Futures traders give a 90% chance that the Federal Reserve leaves rates unchanged on Wednesday. With the decision priced in, the market’s focus has moved to two debates inside the central bank.One is
