World Kinect Corporation (NYSE:WKC) is included in our list of the 13 Best Oil Refinery Stocks to Buy Right Now.
A drilling rig in action, operated by an oilfield services team.
World Kinect Corporation (NYSE:WKC) reported its performance for the second quarter of 2025 on July 31, 2025. The company beat EPS estimates of $0.48 per share with adjusted EPS of $0.59. While the quarter was marked by macroeconomic headwinds, the company showed resilience, particularly in aviation, where gross profit grew 8% YoY to $138 million. Aviation segment performance was driven by European aircraft operations and private aviation. The Land segment, on the other hand, recorded a 17% gross profit decline due to divestitures in the U.K. and Brazil, along with softness in North American liquid fuels demand.
Meanwhile, World Kinect Corporation (NYSE:WKC) recorded a $367 million goodwill impairment related to its Land segment. While the Marine segment suffered with a one-time tax hit, its overall performance remained stable. Furthermore, the company’s financial health remained strong, thanks to a 10% reduction in operating expenses and $13 million in free cash flow generated. As a result of robust quarterly performance, WKC returned $64 million to shareholders and paid dividends.
Operating in the U.S., the Americas, Europe, the Middle East, Africa, and the Asia Pacific, World Kinect Corporation (NYSE:WKC) is engaged in aviation, land, and marine sub-segments within the broader energy market.
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