WKC on NYSE
World Fuel Services
Logo: World Fuel Services, Public domain, via Wikimedia Commons5
Florida Based Energy Company based in Miami, founded in 19841
In its 2026 annual report the company says: “We are a global energy management company offering fulfillment and related services to customers across the aviation, marine, and land transportation sectors. We also supply natural gas along with a complementary suite of sustainability-related products and services.”8 Its shares trade on NYSE under the symbol WKC.1
$36.15 down 0.61 (1.67%)Price as of Oct 16, 2026 at 19:58 UTC
Last updated Oct 21, 2026.
Overview
1984Founded1
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- TickerWKC on NYSE1
- Industryenergy industry1
- HeadquartersMiami1
- Websitewww.wfscorp.com
- Legal formcorporation1
- Incorporated inFL6
- Business address9800 N.W. 41St Street, Miami, Fl 331786
- Filer categoryLarge accelerated filer6
- LEIMRBC525NKVRRWNTKD5423
- StatusActive3
- LEI statusIssued and current3
- Registered addressC/O C T CORPORATION SYSTEM, 75201 Dallas, United States3
- Registered withCorporations Section (Texas Secretary of State), 01131749003
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We are a global energy management company offering fulfillment and related services to customers across the aviation, marine, and land transportation sectors. We also supply natural gas along with a complementary suite of sustainability-related products and services.8 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
2.6%Gross margin9
-1.5%Operating margin9
-1.7%Net margin9
-12.5%Revenue growth, 20259
-47.3%Return on equity9
$227.3MFree cash flow9
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Aviation brought in 51% of the revenue World Fuel Services broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Aviation | $23.3B | $20.5B | $19.0B |
| Land | $15.2B | $12.8B | $10.2B |
| Marine | $9.2B | $8.9B | $7.7B |
Regions
United States brought in 39% of the revenue World Fuel Services broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $25.4B | $20.9B | $19.3B |
| EMEA | $10.0B | $9.7B | $7.9B |
| Americas (Excluding United States) | $6.9B | $6.2B | $5.1B |
| Asia Pacific | $5.5B | $5.4B | $4.6B |
| Singapore | $5.3B | $5.3B | $4.5B |
| Latin America | $6.0B | $5.5B | $4.4B |
| United Kingdom | $5.3B | $4.8B | $3.1B |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue97¢$36.0B
- Other costs2¢$707.9M
- Interest0¢$112.0M
- Income tax0¢$127.9M
Out of $36.9B in revenue.9 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending22¢$65.6M
- Dividends paid14¢$41.3M
- Share buybacks29¢$85.0M
- Kept or used elsewhere34¢$101.0M
Out of $292.9M of cash from operations.9
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.9
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $36.9B | $42.2B | $47.7B |
| Cost of revenue | $36.0B | $41.1B | $46.7B |
| Gross profit | $947.8M | $1.0B | $1.1B |
| Compensation and employee benefits | $437.4M | $482.5M | $512.3M |
| General and administrative | $282.5M | $297.1M | $308.0M |
| Goodwill and other asset impairments | $689.6M | $29.0M | $32.8M |
| Restructuring and Exit Activities Charges | $103.1M | $7.1M | $7.2M |
| Total operating expenses | $1.5B | $815.7M | $860.2M |
| Income (loss) from operations | -$564.7M | $210.6M | $198.0M |
| Interest expense and other financing costs, net | -$100.6M | -$102.2M | -$127.7M |
| Other income (expense), net | -$74.3M | -$12.9M | -$3.6M |
| Total non-operating income (expense), net | -$174.9M | -$115.1M | -$131.3M |
| Income (loss) before income taxes | -$739.7M | $95.5M | $66.7M |
| Income tax expense (benefit) | -$127.9M | $27.6M | $13.0M |
| Net income (loss) attributable to noncontrolling interest | $2.7M | $500.0K | $800.0K |
| Net income (loss) attributable to World Kinect | -$614.4M | $67.4M | $52.9M |
| Basic earnings (loss) per common share (in dollars per share) | -$10.99 | $1.14 | $0.86 |
| Basic weighted average common shares (in shares) | 55.9M shares | 59.0M shares | 61.4M shares |
| Diluted earnings (loss) per common share (in dollars per share) | -$10.99 | $1.13 | $0.86 |
| Diluted weighted average common shares (in shares) | 55.9M shares | 59.5M shares | 61.7M shares |
| Net income (loss) including noncontrolling interest | -$611.7M | $67.9M | $53.7M |
| Foreign currency translation adjustments | $74.6M | $67.4M | $19.9M |
| Cash flow hedges, net of income tax expense (benefit) of ($0.3), ($3.5), and ($2.7) for 2025, 2024, and 2023, respectively | -$900.0K | -$9.6M | -$8.1M |
| Total other comprehensive income (loss) | $73.7M | $57.9M | $11.8M |
| Comprehensive income (loss) including noncontrolling interest | -$538.0M | $125.8M | $65.5M |
| Comprehensive income (loss) attributable to noncontrolling interest | $2.7M | $500.0K | $800.0K |
| Comprehensive income (loss) attributable to World Kinect | -$540.7M | $125.3M | $64.7M |
| Cash flow hedges, income tax expense (benefit) | -$300.0K | -$3.5M | -$2.7M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.9
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $193.5M | $382.9M | ||
| Accounts receivable, net of allowance for credit losses of $15.6 million and $22.5 million as of December 31, 2025 and 2024, respectively | $2.2B | $2.4B | ||
| Inventories | $454.2M | $513.5M | ||
| Prepaid expenses | $86.6M | $71.4M | ||
| Short-term derivative assets, net | $100.5M | $176.5M | ||
| Other current assets | $457.2M | $382.2M | ||
| Total current assets | $3.5B | $4.0B | ||
| Property and equipment, net | $348.4M | $513.3M | ||
| Goodwill | $737.5M | $1.2B | $1.2B | |
| Identifiable intangible assets, net | $311.7M | $261.2M | ||
| Other non-current assets | $965.9M | $816.4M | ||
| Total assets | $5.9B | $6.7B | ||
| Current maturities of long-term debt | $11.9M | $84.0M | ||
| Accounts payable | $2.6B | $2.7B | ||
| Short-term derivative liabilities, net | $52.7M | $91.5M | ||
| Accrued expenses and other current liabilities | $658.9M | $535.8M | ||
| Total current liabilities | $3.3B | $3.4B | ||
| Long-term debt | $685.2M | $796.8M | ||
| Other long-term liabilities | $560.4M | $541.2M | ||
| Total liabilities | $4.6B | $4.8B | ||
| Preferred stock, $1.00 par value; 0.1 shares authorized, none issued | $0 | $0 | ||
| Common stock, $0.01 par value; 100.0 shares authorized, 54.1 and 56.7 issued and outstanding as of December 31, 2025 and 2024, respectively | $500.0K | $600.0K | ||
| Capital in excess of par value | $0 | $30.0M | ||
| Retained earnings | $1.3B | $2.0B | ||
| Accumulated other comprehensive income (loss) | -$17.3M | -$91.0M | ||
| Total World Kinect shareholders' equity | $1.3B | $1.9B | ||
| Noncontrolling interest | $8.8M | $7.2M | ||
| Total equity | $1.3B | $2.0B | $1.9B | $2.0B |
| Total liabilities and equity | $5.9B | $6.7B | ||
| Allowance for credit losses | $15.6M | $22.5M | ||
| Preferred stock, par value (in dollars per share) | $1.00 | $1.00 | ||
| Preferred stock, shares authorized (in shares) | 100.0K shares | 100.0K shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | ||
| Common stock, shares issued (in shares) | 54.1M shares | 56.7M shares | ||
| Common stock, shares outstanding (in shares) | 54.1M shares | 56.7M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $193.5M | $382.9M | ||
| Accounts receivable, net of allowance for credit losses of $15.6 million and $22.5 million as of December 31, 2025 and 2024, respectively | $2.2B | $2.4B | ||
| Inventories | $454.2M | $513.5M | ||
| Prepaid expenses | $86.6M | $71.4M | ||
| Short-term derivative assets, net | $100.5M | $176.5M | ||
| Other current assets | $457.2M | $382.2M | ||
| Total current assets | $3.5B | $4.0B | ||
| Property and equipment, net | $348.4M | $513.3M | ||
| Goodwill | $737.5M | $1.2B | $1.2B | |
| Identifiable intangible assets, net | $311.7M | $261.2M | ||
| Other non-current assets | $965.9M | $816.4M | ||
| Total assets | $5.9B | $6.7B | ||
| Current maturities of long-term debt | $11.9M | $84.0M | ||
| Accounts payable | $2.6B | $2.7B | ||
| Short-term derivative liabilities, net | $52.7M | $91.5M | ||
| Accrued expenses and other current liabilities | $658.9M | $535.8M | ||
| Total current liabilities | $3.3B | $3.4B | ||
| Long-term debt | $685.2M | $796.8M | ||
| Other long-term liabilities | $560.4M | $541.2M | ||
| Total liabilities | $4.6B | $4.8B | ||
| Preferred stock, $1.00 par value; 0.1 shares authorized, none issued | $0 | $0 | ||
| Common stock, $0.01 par value; 100.0 shares authorized, 54.1 and 56.7 issued and outstanding as of December 31, 2025 and 2024, respectively | $500.0K | $600.0K | ||
| Capital in excess of par value | $0 | $30.0M | ||
| Retained earnings | $1.3B | $2.0B | ||
| Accumulated other comprehensive income (loss) | -$17.3M | -$91.0M | ||
| Total World Kinect shareholders' equity | $1.3B | $1.9B | ||
| Noncontrolling interest | $8.8M | $7.2M | ||
| Total equity | $1.3B | $2.0B | $1.9B | $2.0B |
| Total liabilities and equity | $5.9B | $6.7B | ||
| Allowance for credit losses | $15.6M | $22.5M | ||
| Preferred stock, par value (in dollars per share) | $1.00 | $1.00 | ||
| Preferred stock, shares authorized (in shares) | 100.0K shares | 100.0K shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | ||
| Common stock, shares issued (in shares) | 54.1M shares | 56.7M shares | ||
| Common stock, shares outstanding (in shares) | 54.1M shares | 56.7M shares |
Every line of the cash flow as filed: the last 3 fiscal years, latest first.9
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) including noncontrolling interest | -$611.7M | $67.9M | $53.7M |
| Unrealized (gain) loss on derivatives | $28.3M | $24.9M | -$267.5M |
| (Gain) loss on sale of business | $81.9M | $15.2M | -$2.2M |
| Depreciation and amortization | $98.2M | $106.4M | $104.5M |
| Noncash operating lease expense | $37.1M | $36.0M | $34.7M |
| Provision for credit losses | $3.9M | $12.0M | $4.7M |
| Share-based payment award compensation costs | $25.5M | $28.1M | $24.2M |
| Deferred income tax expense (benefit) | -$176.4M | -$15.3M | -$30.7M |
| Unrealized foreign currency (gains) losses, net | $14.4M | $30.6M | -$16.5M |
| Goodwill and other asset impairments | $689.6M | $29.0M | $32.8M |
| Other | $44.8M | $16.6M | $25.2M |
| Accounts receivable, net | $106.4M | $259.1M | $569.2M |
| Inventories | $1.0M | $133.0M | $186.8M |
| Prepaid expenses | -$18.7M | -$2.3M | $6.7M |
| Other current assets | -$26.9M | $20.7M | -$30.5M |
| Cash collateral with counterparties | $44.8M | $105.4M | $168.9M |
| Other non-current assets | -$92.0M | -$117.7M | -$88.0M |
| Change in derivative assets and liabilities, net | $7.8M | -$3.4M | -$4.7M |
| Accounts payable | -$32.6M | -$355.9M | -$441.9M |
| Accrued expenses and other current liabilities | $45.0M | -$164.1M | -$48.0M |
| Other long-term liabilities | $22.4M | $33.7M | -$10.1M |
| Net cash provided by (used in) operating activities | $292.9M | $259.9M | $271.3M |
| Acquisition of business, net of cash acquired | -$153.6M | -$40.0M | -$13.7M |
| Proceeds from sale of business, net of divested cash | $23.4M | $209.0M | $9.3M |
| Capital expenditures | -$65.6M | -$68.2M | -$87.6M |
| Other investing activities, net | $25.9M | -$36.3M | -$9.1M |
| Net cash provided by (used in) investing activities | -$170.0M | $64.5M | -$101.1M |
| Borrowings of debt | $3.6B | $3.8B | $5.9B |
| Repayments of debt | -$3.8B | -$3.9B | -$6.2B |
| Issuance of Convertible Notes | $0 | $0 | $350.0M |
| Dividends paid on common stock | -$41.3M | -$38.5M | -$34.0M |
| Repurchases of common stock | -$85.0M | -$100.0M | -$60.1M |
| Purchase of convertible note hedges | $0 | $0 | -$70.5M |
| Sale of warrants | $0 | $0 | $40.0M |
| Payments of deferred consideration for acquisitions | -$7.2M | -$51.8M | -$62.9M |
| Other financing activities, net | -$9.9M | -$8.0M | -$12.2M |
| Net cash provided by (used in) financing activities | -$315.1M | -$230.6M | -$152.4M |
| Cash and cash equivalents | -$600.0K | $0 | $0 |
| Effect of exchange rate changes on cash and cash equivalents | $3.4M | -$15.2M | -$12.0M |
| Net increase (decrease) in cash and cash equivalents | -$189.4M | $78.7M | $5.9M |
No quarter-by-quarter statement was filed.
Corporate structure
World Fuel Services is part of a group headed by World Kinect Corporation. 157 entities, 50 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of World Fuel Services
- State Street Corporation Filed SCHEDULE 13G on World Fuel Services, latest Aug 7, 2026 (4 filings since Feb 7, 2023)
- BRANDES INVESTMENT PARTNERS, LP Filed SCHEDULE 13G/A on World Fuel Services, latest May 14, 2026 (3 filings since Nov 13, 2025)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on World Fuel Services, latest Apr 30, 2026
- VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on World Fuel Services, latest Apr 29, 2026
- BlackRock Filed SCHEDULE 13G/A on World Fuel Services, latest Apr 24, 2026 (9 filings since Jan 25, 2022)
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on World Fuel Services, latest Mar 27, 2026 (4 filings since Feb 9, 2022)
- Invesco Filed SCHEDULE 13G/A on World Fuel Services, latest May 9, 2025 (4 filings since Feb 9, 2024)
- DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on World Fuel Services, latest Feb 9, 2024 (3 filings since Feb 8, 2022)
- World Kinect Corporation Miami, Florida, United States
- World Fuel Services Doral, Florida, United States
- Advance Petroleum, LLC Subsidiary · Florida, United States
- AHT Services, LLC Subsidiary · Nevada, United States
- Air Petro Corp. Subsidiary · California, United States
- Alta Fuels, LLC Subsidiary · Colorado, United States
- Alta Transportation, LLC Subsidiary · Colorado, United States
- Amelia Holding AB Subsidiary · Sweden
- Ascent Aviation Group, Inc. Subsidiary · New York, United States
- Associated Petroleum Products, Inc. Subsidiary · Washington, United States
- Baseops International, Inc. Subsidiary · Texas, United States
- Casa Petro, S.R.L. Subsidiary · Costa Rica
- Colt Aviation Holdings, LLC Subsidiary · Texas, United States
- Colt International das Américas Serviços de Aviação Ltda. Subsidiary · Brazil
- Colt International Europe SARL Subsidiary · Switzerland
- Colt International, L.L.C. Subsidiary · Texas, United States
- Ecuacentair Cia. Ltda. Subsidiary · Ecuador
- Energie-Tankdienstgesellschaft Bremen mbH Subsidiary · Germany
- Flyers Energy Group, LLC Subsidiary · California, United States
- Flyers Energy, LLC Subsidiary · California, United States
- Flyers Properties, LLC Subsidiary · California, United States
- Flyers Transportation, LLC Subsidiary · California, United States
- Hellenic Aviation Fuel Company S.A. Subsidiary · Greece
- Henty Shipping Services Limited Subsidiary · United Kingdom
- Kinect Energy Denmark A/S Subsidiary · Denmark
- Kinect Energy France Sarl Subsidiary · France
- Kinect Energy Germany GmbH Subsidiary · Germany
- and 110 more
- FALMOUTH PETROLEUM LIMITED Subsidiary · London, United Kingdom
- GIB OIL LIMITED Subsidiary · Gibraltar, Gibraltar
- HENTY OIL LIMITED Subsidiary · London, United Kingdom
- NORDIC CAMP SUPPLY B.V. Subsidiary · Rotterdam, Netherlands
- PAPCO, INC. Subsidiary · Virginia Beach, Virginia, United States
- Schedaero AB Subsidiary · Göteborg, Sweden
- TRAMP OIL GERMANY GMBH Subsidiary · Bremen, Germany
- WFL (UK) LIMITED Subsidiary · London, United Kingdom
- WORLD FUEL CAPITAL LIMITED Subsidiary · London, United Kingdom
- WORLD FUEL SERVICES (SINGAPORE) PTE LTD Subsidiary · Singapore, Singapore
- NORSE BUNKER AS Subsidiary · Lysaker, Norway
- KINECT ENERGY AS Bergen, Norway
- 5 more
- KINECT ENERGY AS Bergen, Norway
- WORLD FUEL COMMODITIES SERVICES (IRELAND) LIMITED Subsidiary · Dublin, Ireland
- NORSE BUNKER AS Subsidiary · Lysaker, Norway
- WORLD FUEL SERVICES EUROPE, LTD. Subsidiary · London, United Kingdom
- WORLD FUEL SERVICES ARGENTINA S.R.L. Subsidiary · Buenos Aires, Argentina
- World Fuel Services Doral, Florida, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What World Fuel Services reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Computer equipment and software | $254.7M9 Dec 31, 2025 | $260.8M9 Dec 31, 2024 | −2.3% |
| Property and equipment, net | $348.4M9 Dec 31, 2025 | $513.3M9 Dec 31, 2024 | −32.1% |
| Finance-lease assets | $1.6M9 Dec 31, 2025 | $29.4M9 Dec 31, 2024 | −94.6% |
| Operating-lease assets (leased space) | $156.2M9 Dec 31, 2025 | $172.5M9 Dec 31, 2024 | −9.4% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $193.5M9 Dec 31, 2025 | $382.9M9 Dec 31, 2024 | −49.5% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $737.5M9 Dec 31, 2025 | $1.2B9 Dec 31, 2024 | −37.6% |
| Intangible assets, net (excluding goodwill) | $311.7M9 Dec 31, 2025 | $261.2M9 Dec 31, 2024 | +19.3% |
| Finite-lived intangibles, gross | $678.0M9 Dec 31, 2025 | $616.6M9 Dec 31, 2024 | +10.0% |
| Accumulated amortization | $410.6M9 Dec 31, 2025 | $400.3M9 Dec 31, 2024 | +2.6% |
| Finite-lived intangibles, net | $267.4M9 Dec 31, 2025 | $216.3M9 Dec 31, 2024 | +23.6% |
Inventory
Properties, in its own words
Our principal properties consist primarily of administrative offices and inventory storage facilities, none of which are individually material. We lease our corporate headquarters in Miami, Florida as well as administrative office space in London, Singapore and other strategic locations throughout the world.
As of February 13, 2026, the majority of our principal properties are leased on commercially reasonable terms and we do not anticipate that we will experience difficulty in renewing or replacing any leases upon expiration in any material respect. Our properties are often utilized by one or more of our business segments and we consider all of our properties and facilities to be suitable and adequate for our current needs.
Item 2 of the 10-K filed Feb 24, 2026.8
Leadership
Who has led World Fuel Services, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
1990200020102020
- FounderMichael J. Kasbar1
- Chief executive officerIra M. Birns Mar 17, 2026 to now18
- Chief executive officerMichael J. Kasbar Mar 19, 2012 to Mar 17, 202619
- Chief executive officerMichael Clementi Mar 23, 2006 to Mar 23, 200620
- Chief executive officerPaul H. Stebbins Mar 24, 2006 to Dec 22, 201121
- ChairMichael J. Kasbar Nov 24, 2014 to now22
- ChairPaul H. Stebbins Mar 19, 2012 to Apr 4, 201423
- PresidentMichael Clementi Mar 23, 2006 to Mar 23, 200620
- PresidentMichael J. Kasbar Mar 24, 2006 to now24
- Chief financial officerJose-Miguel Tejada Nov 13, 2025 to now25
- Chief financial officerIra M. Birns Apr 18, 2007 to Nov 13, 202526
- Chief financial officerRobert S. Tocci Mar 23, 2006 to Jun 21, 200627
- Chief financial officerFrancis X. Shea Jun 29, 2006 to Jun 29, 200628
- Chief operating officerMichael J. Kasbar Mar 24, 2006 to Mar 23, 201124
Board members and other officers (26)
- SVP, Chief Accounting OfficerJose-Miguel Tejada Aug 5, 2021 to now29
- EVP, Chf. Legal Officer, CoSecRobert Alexander Lake Mar 6, 2017 to May 12, 202130
- EVP, Global LandMichael Crosby Mar 7, 2016 to Mar 17, 202231
- SVP, Chief Accounting OfficerCarlos M. Velazquez Aug 12, 2013 to Aug 14, 201732
- Exec. VP and CRAOFrancis X. Shea Mar 23, 2006 to Mar 19, 201233
- Pres: World Fuel Services Inc.Michael Clementi Mar 23, 2006 to Mar 17, 201534
- Sr. VP & CAOPaul Nobel Jun 20, 2006 to May 29, 201235
- Board memberJeffrey Michael Kottkamp Apr 25, 2025 to now36
- Board memberGregory F. Piper Aug 4, 2025 to now37
- Board memberAndrea Smith Oct 28, 2025 to now38
- Board memberJill Smart Sep 7, 2021 to Jun 10, 202439
- Board memberSharda Cherwoo Feb 5, 2020 to now40
- Board memberStephen J. Gold Oct 4, 2017 to May 29, 201941
- Board memberJorge L. Benitez Jan 5, 2015 to now42
- Board memberAbby F. Kohnstamm Jan 4, 2012 to Jun 12, 201243
- Board memberJohn L. Manley Oct 25, 2010 to now44
- Board memberJoachim Heel Jun 4, 2007 to May 16, 201145
- Board memberMichael J. Kasbar Mar 24, 2006 to Mar 21, 201424
- Board memberPaul H. Stebbins Mar 24, 2006 to now21
- Board memberMyles Klein Mar 28, 2006 to May 5, 201746
- Board memberJ. Thomas Presby Mar 30, 2006 to May 14, 201947
- Board memberJohn Benbow Mar 31, 2006 to Dec 20, 200648
- Board memberKen Bakshi Mar 31, 2006 to now49
- Board memberJerome Sidel May 9, 2006 to Mar 8, 200750
- Board memberRichard A. Kassar May 15, 2006 to now51
- Board memberStephen K. Roddenberry Jun 20, 2006 to now52
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- AHT Services, LLC Nevada7
- Advance Petroleum, LLC Florida7
- Air Petro Corp. California7
- Alta Fuels, LLC Colorado7
- Alta Transportation, LLC Colorado7
- Amelia Holding AB Sweden7
- Ascent Aviation Group, Inc. New York7
- Associated Petroleum Products, Inc. Washington7
- Baseops International, Inc. Texas7
- Casa Petro, S.R.L. Costa Rica7
- Colt Aviation Holdings, LLC Texas7
- Colt International Europe SARL Switzerland7
- Colt International das Américas Serviços de Aviação Ltda. Brazil7
- Colt International, L.L.C. Texas7
- Ecuacentair Cia. Ltda. Ecuador7
- Energie-Tankdienstgesellschaft Bremen mbH Germany7
- Falmouth Petroleum Limited United Kingdom7
- Flyers Energy Group, LLC California7
- Flyers Energy, LLC California7
- Flyers Properties, LLC California7
- Flyers Transportation, LLC California7
- Gib Oil Limited Gibraltar7
- Hellenic Aviation Fuel Company S.A. Greece7
- Henty Oil Limited United Kingdom7
All 148 listed subsidiaries
- Henty Shipping Services Limited United Kingdom7
- Kinect Energy AS Norway7
- Kinect Energy Denmark A/S Denmark7
- Kinect Energy France Sarl France7
- Kinect Energy Germany GmbH Germany7
- Kinect Energy Green Services AS Norway7
- Kinect Energy Hungary Kft Hungary7
- Kinect Energy Markets AS Norway7
- Kinect Energy Netherlands B.V. Netherlands7
- Kinect Energy Pty Limited Australia7
- Kinect Energy Spot AS Norway7
- Kinect Energy Sweden AB Sweden7
- Kinect Energy UK Limited United Kingdom7
- Kinect Energy, Inc. Florida7
- Kinect Technologies, LLC Florida7
- LFO Holdings Limited United Kingdom7
- MH Aviation Services (Pty) Ltd. South Africa7
- Miami River Insurance, LLC Vermont7
- NCS Fuel IQ Limited United Kingdom7
- NCS UK Holding Co. Limited United Kingdom7
- Nature Port Reception Facilities Limited Gibraltar7
- Nordic Camp Supply ApS Denmark7
- Nordic Camp Supply B.V. Netherlands7
- Nordic Camp Supply Estonia OÜ Estonia7
- Norse Bunker AS Norway7
- Oil Shipping (Bunkering) B.V. Netherlands7
- Orchard (Holdings) UK Limited United Kingdom7
- Orchard Energy Limited United Kingdom7
- PAPCO, Inc. Virginia7
- PAX Distribution, LLC Washington7
- PT Oil Shipping Trans Indonesia Indonesia7
- PT Servicios de Guatemala, Limitada Guatemala7
- Petro Air, Corp. Puerto Rico7
- PetroServicios de Costa Rica, S.R.L. Costa Rica7
- Redline Oil Services Limited United Kingdom7
- Servicios Auxiliares de México, Sociedad de Responsabilidad Limitada Mexico7
- Servicios Ecuatorianos de Energia-Secsa CIA. LTDA Ecuador7
- Servicios WFSE Ecuador C.L. Ecuador7
- Servicios de Combustible Atlanticos, S.R.L (aka Atlantic Fuel Services, S.R.L.) Costa Rica7
- The Hiller Group Incorporated Florida7
- The Lubricant Company Limited United Kingdom7
- Tramp Oil & Marine (Argentina) S.R.L. Argentina7
- Tramp Oil & Marine (Chile) Limitada Chile7
- Tramp Oil Germany GmbH Germany7
- Trans-Tec International S.R.L. (Trans-Tec Mundial S.R.L.) Costa Rica7
- U.S. Energy Engineering, Inc. Minnesota7
- UVAIR European Fuelling Services Limited Ireland7
- Universal Mission Support Company, LLC Texas7
- WF Aviation Services SAS France7
- WF Lubricants S.L. Spain7
- WFL MOZAMBIQUE, LDA Mozambique7
- WFS & J Company Limited Japan7
- WFS (Guam) Limited Guam7
- WFS Agencia de Naves, Limitada Chile7
- WFS Commercial Consulting (Shanghai) Co., Ltd. China7
- WFS Danish Holding Company I ApS Denmark7
- WFS Netherlands Holding B.V. Netherlands7
- WFS Tramp Brazil Holding Company Limited United Kingdom7
- WFS UK Finance Limited United Kingdom7
- WFS UK Holding Company II Limited United Kingdom7
- WFS UK Holding Company III Limited United Kingdom7
- WFS UK Holding Company IV Limited United Kingdom7
- WFS UK Holding Partnership LP United Kingdom7
- WFS US Holding Company I LLC Delaware7
- WFS US Holding Company IV, LLC Florida7
- WFS US Holding Company IX, LLC Florida7
- WFS US Holding Company V, LLC Florida7
- WFS US Holding Company VIII, LLC Florida7
- WFS US Holding Company X, LLC Florida7
- Western Aviation Products LLC Minnesota7
- Western Energetix, LLC Nevada7
- Western Petroleum Company Minnesota7
- World Fuel CX LLC Kansas7
- World Fuel Capital Limited United Kingdom7
- World Fuel Cayman Holding Company I Cayman Islands7
- World Fuel Cayman Holding Company IV Cayman Islands7
- World Fuel Commodities Services (Ireland) Limited Ireland7
- World Fuel Gas and Power Limited United Kingdom7
- World Fuel International S.R.L. (Petromundo Internacional, S.R.L.) Costa Rica7
- World Fuel Services (Australia) Pty Ltd Australia7
- World Fuel Services (Bahamas) LLC Bahamas7
- World Fuel Services (Costa Rica) Limitada Costa Rica7
- World Fuel Services (Denmark) ApS Denmark7
- World Fuel Services (Hong Kong) Limited Hong Kong7
- World Fuel Services (KG) LLC Kyrgyzstan7
- World Fuel Services (New Zealand) Limited New Zealand7
- World Fuel Services (Panama) Limited Liability Company, Sociedad De Responsabilidad Limitada Panama7
- World Fuel Services (Singapore) II Pte. Ltd. Singapore7
- World Fuel Services (Singapore) Pte Ltd Singapore7
- World Fuel Services (South Africa) (Pty) Ltd South Africa7
- World Fuel Services (Taiwan) Limited Taiwan (Province of China)7
- World Fuel Services (Uruguay) S.A. Uruguay7
- World Fuel Services Argentina S.R.L. Argentina7
- World Fuel Services Aviation Limited United Kingdom7
- World Fuel Services Belgium Belgium7
- World Fuel Services CZ s.r.o. Czech Republic7
- World Fuel Services Canada, ULC Canada7
- World Fuel Services Chile, Limitada Chile7
- World Fuel Services Company, LLC Florida7
- World Fuel Services Corporate Aviation Support Services, Inc. Delaware7
- World Fuel Services Europe, Ltd. United Kingdom7
- World Fuel Services European Holding Company I, Ltd. United Kingdom7
- World Fuel Services France SAS France7
- World Fuel Services International (Panama) Limited Liability Company, Sociedad De Responsabilidad Limitada Panama7
- World Fuel Services Italy S.r.L. Italy7
- World Fuel Services Japan G.K. Japan7
- World Fuel Services Kenya Limited Kenya7
- World Fuel Services México, S. de R.L. de C.V. Mexico7
- World Fuel Services Pakistan (Pvt.) Limited Pakistan7
- World Fuel Services Peru S.R.L. Peru7
- World Fuel Services Private Limited India7
- World Fuel Services Regulatory Holdings, LLC Florida7
- World Fuel Services Trading DMCC United Arab Emirates7
- World Fuel Services Turkey Petrol Urunleri Dagitim Ve Ticaret Limited Sirketi Turkey7
- World Fuel Services, Inc. Texas7
- World Kinect Colombia C.I. S.A.S. Colombia7
- World Kinect Digital Ventures LLC Florida7
- World Kinect Government Solutions, Inc. Virginia7
- World Kinect Korea Limited Korea, Republic of7
- World Kinect Sustainability Ventures LLC Florida7
- World Kinect Sustainability Ventures UK Limited United Kingdom7
- World Kinect UK Holding Company Limited United Kingdom7
- World Kinect US Holding Company, LLC Florida7
- Yacht Fuel Services Limited United Kingdom7
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Acquisitions
- Succeeded by World Kinect Corporation1
Former names
Timeline
- Sep 17, 20268-K Executive or director change; Regulation FD disclosure53
- Jul 23, 20268-K Results of operations54
- Jul 2, 20268-K Shareholder vote55
- Apr 23, 20268-K Results of operations56
- Mar 17, 2026New chief executive Ira M. Birns becomes CEO18
- Feb 19, 20268-K Results of operations57
- Dec 9, 20258-K Executive or director change58
- Nov 13, 20258-K Entered a material agreement; New debt or obligation; Regulation FD disclosure59
- Oct 28, 20258-K Executive or director change; Bylaws or fiscal year changed; Regulation FD disclosure60
- Oct 23, 20258-K Results of operations61
- Jul 31, 20258-K Results of operations62
- Jul 23, 20258-K Executive or director change63
- Jun 11, 20258-K Executive or director change; Shareholder vote64
- Jun 14, 2017Parent Directly consolidated by World Kinect Corporation3
- Mar 19, 2012New chief executive Michael J. Kasbar becomes CEO19
- Mar 24, 2006New chief executive Paul H. Stebbins becomes CEO21
- Mar 23, 2006New chief executive Michael Clementi becomes CEO20
- 1986Went public Listed on NYSE1
- 1984Founded Founded1
Calendar
Coming up
- Oct 29, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.54 a share, on Oct 23, 2025.65
When it reported results
- Jul 23, 2026Reported quarterly or annual results54
- Apr 23, 2026Reported quarterly or annual results56
- Feb 19, 2026Reported quarterly or annual results57
- Oct 23, 2025Reported quarterly or annual results61
- Jul 31, 2025Reported quarterly or annual results62
- Apr 24, 2025Reported quarterly or annual results66
- Feb 20, 2025Reported quarterly or annual results67
- Oct 24, 2024Reported quarterly or annual results68
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
288 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 60 major events, 128 insider forms, 29 large holders, 51 other. The latest 20:
- Oct 6, 20264 EDGAR
- Oct 2, 2026144 EDGAR
- Sep 17, 20268-K EDGAR
- Sep 4, 20264 EDGAR
- Sep 2, 2026144 EDGAR
- Aug 17, 20264 EDGAR
- Aug 13, 2026144 EDGAR
- Aug 7, 2026SCHEDULE 13G EDGAR
- Aug 5, 20264 EDGAR
- Aug 3, 2026144 EDGAR
- Jul 31, 20264 EDGAR
- Jul 31, 20264 EDGAR
- Jul 30, 2026144 EDGAR
- Jul 29, 2026144 EDGAR
- Jul 29, 2026144 EDGAR
- Jul 24, 202610-Q EDGAR
- Jul 23, 20268-K EDGAR
- Jul 14, 20264 EDGAR
- Jul 10, 2026144 EDGAR
- Jul 7, 20264 EDGAR
The 288 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
30 open-market trades by officers, directors and large owners since October 2021: 0 buys and 30 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 2, 2026 | KASBAR MICHAEL JExecutive Chairman | Sale | 10,000 | $35.40 | $354.0K | Form 4 |
| Aug 13, 2026 | Tejada Jose-MiguelEVP, Chief Financial Officer | Sale | 6,000 | $37.16 | $223.0K | Form 4 |
| Aug 3, 2026 | KASBAR MICHAEL JExecutive Chairman | Sale | 10,000 | $39.41 | $394.1K | Form 4 |
| Jul 29, 2026 | Manley John LDirector | Sale | 10,000 | $39.88 | $398.8K | Form 4 |
| Jul 29, 2026 | STEBBINS PAUL HDirector | Sale | 33,445 | $39.93 | $1.3M | Form 4 |
| Jul 10, 2026 | KASBAR MICHAEL JExecutive Chairman | Sale | 25,000 | $35.04 | $876.0K | Form 4 |
| Jul 2, 2026 | KASBAR MICHAEL JExecutive Chairman | Sale | 10,000 | $33.38 | $333.8K | Form 4 |
| Jun 8, 2026 | KASBAR MICHAEL JExecutive Chairman | Sale | 19,300 | $30.17 | $582.3K | Form 4 |
| Jun 5, 2026 | KASBAR MICHAEL JExecutive Chairman | Sale | 700 | $30.00 | $21.0K | Form 4 |
| Jun 2, 2026 | KASBAR MICHAEL JExecutive Chairman | Sale | 10,000 | $29.15 | $291.5K | Form 4 |
| May 11, 2026 | KASSAR RICHARD ADirector | Sale | 10,000 | $26.97 | $269.7K | Form 4 |
| May 5, 2026 | STEBBINS PAUL HDirector | Sale | 20,828 | $27.69 | $576.7K | Form 4 |
| May 5, 2026 | KASBAR MICHAEL JExecutive Chairman | Sale | 500 | $27.50 | $13.8K | Form 4 |
| May 4, 2026 | Kroll Michael JohnSVP & Chief Accounting Officer | Sale | 2,100 | $27.30 | $57.3K | Form 4 |
| May 4, 2026 | KASBAR MICHAEL JExecutive Chairman | Sale | 10,000 | $27.11 | $271.1K | Form 4 |
| Apr 28, 2026 | KASBAR MICHAEL JExecutive Chairman | Sale | 847 | $27.55 | $23.3K | Form 4 |
| Apr 24, 2026 | KASBAR MICHAEL JExecutive Chairman | Sale | 23,653 | $28.18 | $666.6K | Form 4 |
| Mar 2, 2026 | KASBAR MICHAEL JExecutive Chairman | Sale | 10,000 | $25.02 | $250.2K | Form 4 |
| Mar 4, 2025 | KASBAR MICHAEL JExecutive Chairman | Sale | 21,507 | $28.96 | $622.8K | Form 4 |
| Nov 18, 2024 | Tejada Jose-MiguelEVP, Chief Financial Officer | Sale | 2,500 | $28.08 | $70.2K | Form 4 |
All 30 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- State Street CorporationSCHEDULE 13G, 4 filings Feb 7, 2023 to Aug 7, 202669
- BRANDES INVESTMENT PARTNERS, LPSCHEDULE 13G/A, 3 filings Nov 13, 2025 to May 14, 202670
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 30, 202671
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202672
- BlackRockSCHEDULE 13G/A, 9 filings Jan 25, 2022 to Apr 24, 202673
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Feb 9, 2022 to Mar 27, 202674
- InvescoSCHEDULE 13G/A, 4 filings Feb 9, 2024 to May 9, 202575
- DIMENSIONAL FUND ADVISORS LPSC 13G/A, 3 filings Feb 8, 2022 to Feb 9, 202476
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Michael J. Kasbar | 69 | $1.0M | $6.4M77 |
| 2025 | Ira M. Birns | 63 | $700.0K | $3.4M77 |
| 2025 | John P. Rau | 63 | $700.0K | $3.4M77 |
| 2025 | Mike Tejada | 50 | $473.4K | $1.4M77 |
| 2024 | Executive Chairman | $1.0M | $6.7M77 | |
| 2024 | Chief Executive Officer | $700.0K | $2.8M77 | |
| 2024 | President | $700.0K | $2.8M77 | |
| 2023 | Executive Chairman | $1.0M | $6.8M77 | |
| 2023 | Chief Executive Officer | $700.0K | $2.8M77 | |
| 2023 | President | $700.0K | $2.8M77 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 9,732,587 | $320.6M | 0.0% | +1,007,462 |
| Brandes Investment Partners, LP | 4,399,303 | $144.9M | 1.0% | +109,463 |
| Vanguard Portfolio Management LLC | 3,827,773 | $126.1M | 0.0% | −46,639 |
| State Street Corp | 3,359,363 | $111.4M | 0.0% | −650,858 |
| Dimensional Fund Advisors LP | 2,929,743 | $96.5M | 0.0% | −309,578 |
| Vanguard Capital Management LLC | 2,233,564 | $73.6M | 0.0% | +4,671 |
| Invesco Ltd. | 1,942,618 | $64.0M | 0.0% | −363,168 |
| American Century Companies Inc | 1,643,776 | $54.1M | 0.0% | +231,121 |
| Aqr Capital Management LLC | 1,381,341 | $45.5M | 0.0% | +1,091,786 |
| Geode Capital Management, LLC | 1,310,201 | $43.2M | 0.0% | −31,128 |
| Charles Schwab Investment Management Inc | 1,068,121 | $35.2M | 0.0% | −153,776 |
| Morgan Stanley | 956,641 | $31.5M | 0.0% | +86,211 |
| Arrowstreet Capital, Limited Partnership | 935,570 | $30.8M | 0.0% | +290,629 |
| EVR Research LP | 880,000 | $29.0M | 14.3% | −60,000 |
| Two Sigma Investments, LP | 861,089 | $28.4M | 0.0% | +802,466 |
| Fmr LLC | 731,090 | $24.1M | 0.0% | −79,470 |
| Wells Fargo & Company/mn | 703,018 | $23.2M | 0.0% | +54,258 |
| Bank Of Montreal /can/ | 664,009 | $21.9M | 0.0% | +878 |
| Bank Of America Corp /de/ | 637,600 | $21.0M | 0.0% | +69,597 |
| Northern Trust Corp | 604,686 | $19.9M | 0.0% | −479 |
| Nomura Holdings Inc | 533,296 | $17.6M | 0.1% | +33,793 |
| Glenmede Trust Co Na | 475,354 | $15.7M | 0.1% | +75,977 |
| Millennium Management LLC | 464,469 | $15.3M | 0.0% | −162,247 |
| Goldman Sachs Group Inc | 455,818 | $15.0M | 0.0% | +149,362 |
| Jane Street Group, LLC | 412,188 | $13.6M | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How World Fuel Services is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARWORLD KINECT CORP2
- CIK0000789460
- Employer ID (EIN)59-24594278
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company8
- Incorporated inFlorida8
- Fiscal year endsDecember 312
- Industry code (SIC)5172 Wholesale-Petroleum & Petroleum Products (No Bulk Stations)2
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance2
- Business address9800 N.W. 41St Street, Miami, FL 331782
- Phone305-428-80002
- Shares outstanding51,151,620 as of Jul 17, 202615
- Public float$1.5B as of Jun 30, 20258
- AuditorPricewaterhouseCoopers LLP, Miami, Florida PCAOB ID 238; it also attests to the company’s internal control over financial reporting8
- On EDGAR sinceJan 28, 19942
- Filings1,600 in all: 4 (692), 8-K (402), SC 13G/A (109), 10-Q (94), SC 13G (43), DEF 14A (32), 10-K (30), 144 (30)2
All 36 form types
UPLOAD (21), 3 (20), 4/A (20), CORRESP (16), DEFA14A (16), S-8 (11), ARS (10), 5 (8), SCHEDULE 13G/A (7), 10-Q/A (6), 8-K/A (6), SCHEDULE 13G (6), S-3 (3), 10-K/A (2), PRE 14A (2), S-3/A (2), 10-K405 (1), 10-KT (1), 144/A (1), 424B2 (1), 424B4 (1), 424B5 (1), DEFR14A (1), NT 10-K (1), NT 10-Q (1), POS AM (1), RW (1), S-3ASR (1)
- Latest filingsAnnual report (10-K) Feb 24, 2026
Quarterly report (10-Q) Jul 24, 2026
Proxy statement (DEF 14A) Apr 28, 2026
Latest 8-K (8-K) Sep 17, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.01 par value | WKC | New York Stock Exchange |
From the cover page of the 10-K filed Feb 24, 2026 (Section 12(b) of the Exchange Act).8
Risk factors and legal proceedings
The risks World Fuel Services names in Item 1A of its 10-K filed Feb 24, 2026: 23 risks under these headings, as written.8
- Strategic & Operational Risks
- We extend credit to many of our customers in connection with their purchase of fuel and services from us, and our business, financial condition, results of operations and cash flows will be adversely affected if we are unable to collect accounts receivable.
- Changes in the market prices of energy and commodities may have a material adverse effect on our business.
- Conditions and events affecting the aviation, marine and land transportation industries can affect our business.
- Our operations are subject to business interruptions and casualty losses.
- Information technology failures and data security breaches, including as a result of cybersecurity attacks, could negatively impact our results of operations and financial condition, subject us to increased operating costs, and expose us to litigation.
- Our derivative transactions with customers, suppliers, merchants and financial institutions expose us to price and credit risks, which could have a material adverse effect on our business.
- We are exposed to various risks in connection with trading activities and our use of derivatives, which could have a material adverse effect on our results of operations.
- If we fail to provide products or services to our customers as agreed, it could adversely affect our business.
- We may be unable to successfully integrate our acquisitions or fully realize the anticipated benefits of our acquisitions, divestitures and other strategic transactions.
- Our sales to government customers subject us to additional risks.
- Inability to adapt to and manage the benefits and risks of artificial intelligence could expose us to liability or put us at a disadvantage.
The other 12 risks
- Some of our workforce is unionized, and we may face labor disruptions and cost increases that adversely affect our business.
- Financial, Economic & Market Risks
- Economic, political and other risks associated with international sales and operations could adversely affect our business and future operating results.
- Our business depends on our ability to adequately finance our capital requirements and fund our investments, which, if not available to us, would impact our ability to conduct our operations.
- A material impairment of our goodwill or intangible assets could reduce our earnings or adversely impact our results of operations.
- Significant inflation and higher interest rates may adversely affect our business and financial condition.
- We face intense competition and, if we are not able to effectively compete in our markets, our revenues and profits may decrease.
- We are subject to counterparty risk with respect to the bond hedge transactions which serve to mitigate the dilutive impact of our Convertible Notes.
- Legal & Regulatory Risks
- Climate change and the market and regulatory responses relating to GHG emissions could have a significant impact on our business operations and financial results.
- Changes in U.S. or foreign tax laws or adverse outcomes from governmental challenges to our tax position could adversely affect our business and future operating results.
- Increasing attention to environmental, social and governance issues, including those related to climate change and sustainability, may increase our costs and impose difficult and expensive compliance requirements.
- The data that we collect may be vulnerable to cybersecurity incidents, breach, loss or misuse, and our handling of such data may be impacted by changes in data privacy and protection laws and regulations, which could increase operational costs or result in regulatory penalties or litigation.
- Our international operations subject us to international trade control, anti-money laundering and anti-corruption laws, including substantial compliance costs and potential exposure to administrative, civil and/or criminal penalties.
Legal proceedings
From time to time, we are under review by the IRS and various other domestic and foreign tax authorities with regards to income tax and indirect tax matters and are involved in various inquiries, audits, challenges and litigation in a number of countries, and the amounts under controversy may be material. See Notes 14. Income Taxes and 10. Commitments and Contingencies for additional details regarding certain tax matters.
We are also a party to various claims, complaints and proceedings arising in the ordinary course of our business including, but not limited to, environmental claims, commercial and governmental contract claims, such as property damage, demurrage, personal injury, billing and fuel quality claims, as well as bankruptcy preference claims and administrative claims.
In addition, Item 103 of Regulation S-K promulgated by the SEC requires disclosure of certain environmental matters when a governmental authority is a party to the proceedings and such proceedings involve potential monetary sanctions, unless we reasonably believe that the matter will result in no monetary sanctions, or in monetary sanctions, exclusive of interest and costs, of less than a specified threshold. We have elected to use a threshold of $1 million for purposes of determining whether the disclosure of any such environmental proceeding is required.
The information set forth in Note 10. Commitments and Contingencies is incorporated herein by reference.
The opening of Item 3, Legal Proceedings.8
Links
- Websitewww.wfscorp.com1
- WikidataQ8035757
- SEC EDGARCIK 789460
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataWorld Fuel Services on Wikidata
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- 4Yahoo FinanceWKC quote
- 5Wikimedia CommonsWorld Fuel Services logo by World Fuel Services, Public domain
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- 22SEC EDGARMichael J. Kasbar, Chair
- 23SEC EDGARPaul H. Stebbins, Chair
- 24SEC EDGARMichael J. Kasbar, President
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- 31SEC EDGARMichael Crosby, EVP, Global Land
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- 33SEC EDGARFrancis X. Shea, Exec. VP and CRAO
- 34
- 35SEC EDGARPaul Nobel, Sr. VP & CAO
- 36
- 37SEC EDGARGregory F. Piper, Board member
- 38SEC EDGARAndrea Smith, Board member
- 39SEC EDGARJill Smart, Board member
- 40SEC EDGARSharda Cherwoo, Board member
- 41SEC EDGARStephen J. Gold, Board member
- 42SEC EDGARJorge L. Benitez, Board member
- 43SEC EDGARAbby F. Kohnstamm, Board member
- 44SEC EDGARJohn L. Manley, Board member
- 45SEC EDGARJoachim Heel, Board member
- 46SEC EDGARMyles Klein, Board member
- 47SEC EDGARJ. Thomas Presby, Board member
- 48SEC EDGARJohn Benbow, Board member
- 49SEC EDGARKen Bakshi, Board member
- 50SEC EDGARJerome Sidel, Board member
- 51SEC EDGARRichard A. Kassar, Board member
- 52SEC EDGARStephen K. Roddenberry, Board member
- 53
- 54SEC EDGARResults of operations
- 55SEC EDGARShareholder vote
- 56SEC EDGARResults of operations
- 57SEC EDGARResults of operations
- 58SEC EDGARExecutive or director change
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- 61SEC EDGARResults of operations
- 62SEC EDGARResults of operations
- 63SEC EDGARExecutive or director change
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- 65NasdaqNasdaq calendar
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