Overview

• US transportation fuels provider's Q1 adjusted EPS rose 56%, beating analyst expectations

• Company repurchased $75 mln of common stock in Q1

Outlook

• Company raises 2026 adjusted diluted EPS guidance to $2.65-$2.85 from $2.20-$2.40

Result Drivers

• AVIATION ACQUISITION & EUROPEAN GROWTH - Aviation segment gross profit rose 20%, driven by the acquisition of Universal Weather and Aviation's Trip Support Services and increased core resale business in Europe and government activity

• MARINE SEGMENT VOLATILITY - Marine segment gross profit jumped 86%, mainly due to higher bunker fuel prices, elevated price volatility, and disciplined risk management

• LAND SEGMENT DECLINE - Land segment gross profit fell 16%, mainly due to the UK Land sale and unfavorable natural gas market conditions, partially offset by higher contributions from cardlock network and retail operations in North America

Company press release: ID:nBw1qqvGPa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Beat	$9.69 bln	$8.71 bln (2 Analysts)
Q1 Adjusted EPS	Beat	$0.75	$0.31 (3 Analysts)
Q1 EPS		$0.50

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 Corp is $26.00, about 12.2% above its April 22 closing price of $23.18

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

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