WORLD KINECT CORP

For the period ended Mar 31, 2026. Filed Apr 24, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed Apr 24, 2026

WKC$35.83+0.4%Stored close · as of Nov 9, 2026

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

(Mark One)

☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2026

☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to ___________

COMMISSION FILE NUMBER 001-09533

(Exact name of registrant as specified in its charter)

	Registrant’s telephone number, including area code
Florida	9800 N.W. 41st Street,	Miami,	Florida	33178	59-2459427
(State or other jurisdiction ofincorporation or organization)	(Address of Principal Executive Offices) (Zip Code)	(I.R.S. EmployerIdentification No.)
		(	305)		428-8000
	Securities registered pursuant to Section 12(b) of the Act
Title of each class	Trading Symbol (s)	Name of each exchange on which registered
Common Stock, $0.01 par value	WKC	New York Stock Exchange

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes þ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer þ Accelerated filer☐ Non-accelerated filer☐ Smaller reporting company☐ Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ Noþ

The registrant had a total of 51,355,451 shares of common stock, par value $0.01 per share, issued and outstanding as of April 17, 2026.

TABLE OF CONTENTS

PART I. · Financial Information
Item 1. · Financial Statements (Unaudited)
	Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025	1
	Condensed Consolidated Statements of Income and Comprehensive Income for the Three Months Ended March 31, 2026 and 2025	2
	Condensed Consolidated Statements of Shareholders' Equity for the Three Months Ended March 31, 2026 and 2025	3
	Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025	4
	Notes to the Condensed Consolidated Financial Statements	5
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	24
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	34
Item 4.	Controls and Procedures	34
PART II.	Other Information
Item 1.	Legal Proceedings	35
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	37
Item 5.	Other Information	38
Item 6.	Exhibits	38
SIGNATURES

Part I — Financial Information

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited - In millions, except per share data)

	March 31, 2026	December 31, 2025
Assets:
Current assets:
Cash and cash equivalents	$151.1	$193.5
Accounts receivable, net of allowance for credit losses of $20.6 million and $15.6 million as of March 31, 2026 and December 31, 2025, respectively	2,843.4	2,208.5
Inventories	739.2	454.2
Prepaid expenses	100.5	86.6
Short-term derivative assets, net	87.4	100.5
Other current assets	469.1	457.2
Total current assets	4,390.7	3,500.5
Property and equipment, net	347.4	348.4
Goodwill	739.9	737.5
Identifiable intangible assets, net	304.7	311.7
Other non-current assets	1,020.4	965.9
Total assets	$6,803.0	$5,863.9
Liabilities:
Current liabilities:
Current maturities of long-term debt	$9.1	$11.9
Accounts payable	3,413.1	2,586.9
Short-term derivative liabilities, net	75.2	52.7
Accrued expenses and other current liabilities	703.4	658.9
Total current liabilities	4,200.8	3,310.4
Long-term debt	789.6	685.2
Other long-term liabilities	600.8	560.4
Total liabilities	5,591.2	4,556.1
Commitments and contingencies
Equity:
World Kinect shareholders' equity:
Preferred stock, $1.00 par value; 0.1 shares authorized, none issued	—	—
Common stock, $0.01 par value; 100.0 shares authorized, 51.4 and 54.1 issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	0.5	0.5
Capital in excess of par value	—	—
Retained earnings	1,262.7	1,315.9
Accumulated other comprehensive income (loss)	(59.5)	(17.3)
Total World Kinect shareholders' equity	1,203.7	1,299.1
Noncontrolling interest	8.1	8.8
Total equity	1,211.8	1,307.9
Total liabilities and equity	$6,803.0	$5,863.9

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.