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Kirby Corp

KEX · Industrials

Last earnings Oct 28, 2026

Key results

EPSquarter

$1.65

earnings per share of $1.65, up 6% year-over-year &#x2022

SEC original ↗Kirby Corp — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Growthquarter

up 6%

earnings per share of $1.65, up 6% year-over-year &#x2022

SEC original ↗Kirby Corp — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Revenuequarter

24%

revenue increased 24% sequentially and 56% year-over-year, helping to drive distribution and services margins to 11% &#x2022

SEC original ↗Kirby Corp — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Consolidated revenuequarter

$871.2 million

Consolidated revenues for the 2025 third quarter were $871.2 million compared with $831.1 million reported for the 2024 third quarter.

SEC original ↗Kirby Corp — Earnings release (8-K exhibit)EX-99Oct 29, 2025

In power generation, revenues increased 56% year-over-year as demand from data centers and prime power customers continued to show strength.

SEC original ↗Kirby Corp — Earnings release (8-K exhibit)EX-99Oct 29, 2025

In the commercial and industrial market, revenues increased 4% year-over-year, supported by 1 consistent marine repair activity and continued improvement in on-highway service.

SEC original ↗Kirby Corp — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Operating incomequarter

5%

In oil and gas, while revenues declined year-over-year due to softness in conventional activity, we achieved a 5% increase in operating income driven by strong execution, strategic cost management, and sustained execution in e-frac equipment.

SEC original ↗Kirby Corp — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Overall, the segment continued to perform well, reflecting strength in power generation and our agility in responding to changing demand patterns, with total segment operating income advancing 40% year-over-year.

SEC original ↗Kirby Corp — Earnings release (8-K exhibit)EX-99Oct 29, 2025

” Segment Results – Marine Transportation Marine transportation revenues for the 2025 third quarter were $484.9 million compared with $486.1 million for the 2024 third quarter.

SEC original ↗Kirby Corp — Earnings release (8-K exhibit)EX-99Oct 29, 2025

AI analysis

Q3 2025 · reported Oct 29, 2025

Based on: Earnings release + parent 8-K — transcript not held

Consolidated revenue · Q3 2025
$871.2M
EX-99 · Oct 29, 2025
EPS · Q3 2025
$1.65
EX-99 · Oct 29, 2025

Headline figures

MetricQ3 2025Prior qtrYear ago
EPS$1.65——
Growthup 6%——
Revenue24%——
Consolidated revenue$871.2 million——
Operating income5%——

EX-99 · Oct 29, 2025

Guidance · company-stated

No guidance located in the held release

Stated figure10% to 15%

“earnings per share growth guidance to 10% to 15%”

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Capex$67.2M

During the quarter, net cash provided by operating activities was $227.5 million, and capital expenditures were $67.2 million.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Kirby Corp Q3 2025 — earnings per share of $1.65, up 6% year-over-year &#x2022

Based on: Earnings release + parent 8-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

During the quarter, net cash provided by operating activities was $227.5 million, and capital expenditures were $67.2 million.

SEC original ↗Kirby Corp — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Kirby also used $120.0 million to repurchase stock at an average price of $91.30.

SEC original ↗Kirby Corp — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Total debt was $1,048.9 million and the debt-to-capitalization ratio was 23.8%.

SEC original ↗Kirby Corp — Earnings release (8-K exhibit)EX-99Oct 29, 2025

This press release additionally includes a non-GAAP financial measure, free cash flow, which Kirby defines as net cash provided by operating activities less capital expenditures.

SEC original ↗Kirby Corp — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Free cash flow does not imply the amount of residual cash flow available for discretionary expenditures as it excludes mandatory debt service requirements and other non-discretionary expenditures.

SEC original ↗Kirby Corp — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Kirby also uses free cash flow, which is defined as net cash provided by operating activities less capital expenditures, to assess and forecast cash flow and to provide additional disclosures on the Company’s liquidity.

SEC original ↗Kirby Corp — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Strategy & priorities

In oil and gas, while revenues declined year-over-year due to softness in conventional activity, we achieved a 5% increase in operating income driven by strong execution, strategic cost management, and sustained execution in e-frac equipment.

SEC original ↗Kirby Corp — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Grzebinski said, “As we enter the fourth quarter, we remain focused on execution and disciplined capital allocation, while navigating evolving market conditions across our businesses.

SEC original ↗Kirby Corp — Earnings release (8-K exhibit)EX-99Oct 29, 2025

With our strong balance sheet and robust free cash flow, we are well positioned to pursue strategic investments whether through targeted capital projects, selective acquisitions, or returning capital to shareholders.

SEC original ↗Kirby Corp — Earnings release (8-K exhibit)EX-99Oct 29, 2025

This financial strength provides us with the flexibility to manage near-term uncertainty while remaining focused on creating long-term value.

SEC original ↗Kirby Corp — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Risks & headwinds

Despite near-term challenges in the inland market, we remain confident the inland barge cycle still has years to go given supply constraints.

SEC original ↗Kirby Corp — Earnings release (8-K exhibit)EX-99Oct 29, 2025

This financial strength provides us with the flexibility to manage near-term uncertainty while remaining focused on creating long-term value.

SEC original ↗Kirby Corp — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Pricing continues to benefit from limited availability of large capacity vessels and limited newbuilds, helping to offset inflationary and regulatory headwinds.

SEC original ↗Kirby Corp — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Forward-looking statements involve risks and uncertainties.

SEC original ↗Kirby Corp — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

RELX (RELX) IndustrialsThomson Reuters (TRI) IndustrialsFedEx (FDX) IndustrialsVertiv (VRT) IndustrialsCanadian National Railway (CNI) IndustrialsAerCap Holdings (AER) IndustrialsCanadian Pacific Kansas City (CP) IndustrialsGeneral Dynamics (GD) Industrials
Documents

Filings

30 documents

Earnings releases

60 documents

Presentations

0 documents

No presentations for Kirby Corp are held in this edition of the library.

Transcripts

0 documents

No transcripts for Kirby Corp are held in this edition of the library.

See also the earnings calendar for every tracked company’s next earnings date.