World Kinect Climbs on Boost to Full-Year Outlook, Swing to 2Q Profit

By Elias Schisgall

Shares of World Kinect rose after the energy-management company raised its guidance and swung to a second-quarter profit.

The stock was up 9%, to $39.55, midday Friday and has gained 69% this year.

World Kinect said Thursday it now expects full-year adjusted earnings of between $3.20 and $3.40 a share, compared with a previous range of $2.65 to $2.85. Analysts polled by FactSet had been expecting $2.79 a share prior to the earnings release.

The company reported a profit of $48.4 million, or 94 cents a share, compared with a loss of $339.4 million, or $6.06 a share, a year earlier. The year-ago loss included $398.6 million in goodwill and other asset impairments.

Stripping out certain one-time items, adjusted earnings were $1.29 a share. Analysts had been expecting 75 cents a share.

Revenue rose to $13.59 billion from $9.04 billion a year prior.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

July 24, 2026 11:54 ET (15:54 GMT)