Kirby Corporation
KEXKirby 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
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Kirby Corporation reported a strong Q3 2025, highlighting record earnings potential driven by marine transportation and power generation segments. The company expects robust free cash flow, maintains a strong balance sheet, and plans to continue share repurchases.
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.
Kirby Corporation reported first quarter 2025 earnings per share of $1.33, with improved inland marine market conditions and sequential increases in spot market prices and operating margins.
