Consolidated gross profit fell 9% year-over-year in Q4 due to underperformance in the land segment and competitive pressures in the core fuels business. The company recorded $247 million in non-cash intangible and other asset impairments, primarily within the land segment, and expects some exit-related costs to persist into the first half of 2026.

World Kinect Corp completed its acquisition of Universal Weather’s trip support services, a non-volume business that contributes approximately $70 million in annual gross profit. In parallel, the firm exited its tank wagon operations, shedding around one billion gallons of volume and securing roughly $100 million from cash proceeds and working capital returns.

The company generated $227 million in free cash flow for the full year, exceeding internal targets and funding continued shareholder returns. Management is simplifying its business model by concentrating on core areas with predictable returns, redeploying capital to higher-margin segments and projecting enhanced land segment profitability in 2026.