Kirby Corporation Reports Q2 Earnings and Provides Full-Year Outlook
Kirby Corporation (KEX) reported second-quarter earnings per share of $1.67, up 11% sequentially and in line with the prior year quarter. Total revenue reached $922.4 million, an 8% increase from Q2 2025. The Marine Transportation segment saw a rise to $537 million due to strong inland market fundamentals and high asset utilization, though operating income declined by 11%. Inland marine utilization remained in the low 90% range while coastal utilization hit the high 90%, driven by robust customer demand. The Distribution and Services segment reported revenue of $385.4 million with an increase in power generation and commercial activity, contributing to a rise in operating income. Power Generation saw an 8% year-over-year growth due to increased demand for data center backup solutions. Kirby also raised its full-year EPS guidance expectation toward the upper end of the previously stated range (5%-15%) and reaffirmed $575 million to $675 million as expected operating cash flow. Capital expenditures totaled $71.5 million in Q2, with a projected annual spend between $220 million and $260 million. Share repurchases amounted to $59.7 million at an average price of $142.38 per share.
Tickers: $KEX
Topics: distribution and services marine transportation operating income power generation revenue growth