Kirby Corporation (KEX)
Kirby Corporation (KEX) is a leading provider of transportation services specializing in the inland tank barge industry. The company primarily transports petrochemicals, refined petroleum products, and bulk chemicals along the inland waterways of the United States, leveraging a fleet of barges and towboats to serve industrial and municipal customers. Founded in 1969, Kirby has established a strong presence in the U.S. maritime transportation sector, emphasizing safety, reliability, and environmentally responsible operations.
Company News
Kirby Corporation's Board of Directors approved a new share repurchase authorization for up to eight million additional shares, reflecting confidence in the company's commercial execution and ability to generate consistent free cash flow.
Kirby Corporation reported Q2 2025 earnings of $1.67 per share, slightly above analyst expectations, with revenue of $855.5 million. The company showed modest growth in marine transportation and distribution services, but management expressed caution about the remainder of 2025 due to market uncertainties.
The article recommends 5 low-leverage stocks - Vital Farms, CSW Industrials, Atmos Energy, NiSource, and Kirby Corp. - as safe bets for investors amid a market decline following disappointing U.S. job data.
Kirby's (KEX) short interest has risen 5.29% since the last report, with 922 thousand shares sold short, representing 1.79% of the float. The company's short interest is lower than its peer group average of 2.85%, which could be a bullish signal.
