Kirby Corporation (KEX) reported third-quarter 2026 net earnings attributable to Kirby of $110.8 million, or $2.09 per diluted share, compared with $92.5 million and $1.65 a year earlier; total revenues were $977.2 million versus $871.2 million. Marine transportation revenue was $568.7 million, and Distribution and services revenue was $408.5 million. EBITDA, a non-GAAP measure, was $229.7 million versus $201.4 million.
Kirby returned $112 million of capital through share repurchases at an average price of $137.04. It entered into an agreement to acquire certain inland marine assets for $115 million, including nine inland towboats, 14 inland tank barges, nine bow thrusters and a fleeting operation in Rockport, Texas; closing is expected in the fourth quarter of 2026, subject to customary closing conditions. Kirby narrowed full-year earnings per share growth guidance to 10% to 15%, with results currently expected toward the upper end. Third-quarter operating cash flow was $143.5 million versus $227.5 million in 2025.
Kirby Corporation (KEX) said Ronald A. Dragg, its Vice President, Controller and Assistant Secretary, intends to retire in the first quarter of 2027, following the filing of the company’s 2026 Annual Report on Form 10-K. Dragg, 62, will continue in his current positions during the transition and assist with an orderly transfer of his responsibilities. Kirby said his planned retirement is not the result of a disagreement concerning the company’s operations, policies, practices, accounting principles, financial-statement disclosures or internal controls. The company recognized Dragg’s 30 years of service. If a material compensatory arrangement is approved, Kirby said it will disclose the terms in an amendment.
KIRBY CORP (KEX) reported the initial equity holdings of officer Donny Chia, Vice President Finance and Investor Relations, on a Form 3. The filing lists two grants of restricted stock units (RSUs) that each represent a contingent right to receive cash or one share of Kirby common stock per unit.
One RSU award covers 2,530 underlying shares of common stock, granted on February 5, 2026, and vesting in five equal annual installments beginning February 21, 2027. A second RSU award covers 425 underlying shares, granted March 6, 2026, vesting in five equal annual installments beginning March 6, 2027. For each vesting date, Kirby may settle the RSUs in cash or shares at its election.
Goldman Sachs Asset Management, L.P. reports beneficial ownership of common stock of Kirby Corporation in an amended Schedule 13G filing. The Goldman Sachs reporting units have shared voting power over 2,237,355 shares and shared dispositive power over 2,377,381.75 shares of Kirby common stock, representing 4.4% of the class as of June 30, 2026. They report no sole voting or sole dispositive power. The filing states that the Goldman Sachs reporting units’ ownership is aggregated for certain operating units and includes customary disclaimers of beneficial ownership for client accounts and certain investment entities.
Kirby Corp Executive Vice President, General Counsel & Secretary Amy D. Husted reported the conversion of 186 restricted stock units into an equal number of common shares on August 5, 2026. These units come from an August 5, 2024 grant that vests in five equal annual installments. In a related transaction, 74 common shares were delivered or withheld at $131.10 per share for payment of exercise price or tax liability, and Husted now holds 558 restricted stock units directly. The transactions were not reported as made under a Rule 10b5-1 trading plan.
Kirby Corporation reported higher revenue but flat earnings per share for the quarter ended June 30, 2026. Total revenues rose to $922.4 million from $855.5 million a year earlier, while net earnings attributable to Kirby dipped slightly to $89.7 million, keeping diluted EPS unchanged at $1.67. For the first six months, revenue reached $1.77 billion and net earnings were $170.9 million, with diluted EPS improving to $3.17 from $2.99.
Operating cash flow for the first half increased to $169.9 million, helped by favorable working capital and lower federal tax payments, while capital expenditures were $119.8 million. Long-term debt (excluding current portion) rose to $1.03 billion, contributing to a debt‑to‑capitalization ratio of 23.1%. Kirby amended and extended its primary credit facility to 2031, expanding revolver commitments to $750 million with $515 million of borrowing capacity available at quarter‑end. The company also closed a $95.8 million acquisition of 23 inland tank barges and three towboats, and entered into a settlement agreement with the Heiltsuk First Nation related to a 2016 fuel discharge incident, stating it does not expect remaining matters to be materially adverse.
Vanguard Portfolio Management LLC, together with specified Vanguard affiliates, reports beneficial ownership of Kirby Corp common stock. The group holds 2,695,550 shares, representing 5.03% of the outstanding common stock. As of June 30, 2026, it has sole power to vote 5,999 shares and sole dispositive power over 2,695,550 shares, with no shared voting or dispositive power reported. The holdings include securities held by Vanguard funds and managed accounts over which Vanguard Portfolio Management or the named affiliates exercise dispositive and/or voting power, and exclude securities held by other disaggregated Vanguard affiliates. No other single person is reported to have more than 5% interest in the securities through Vanguard.
Kirby Corporation reported second quarter 2026 net earnings attributable to Kirby of $89.7 million, or $1.67 diluted EPS, unchanged from the prior-year quarter’s $1.67, with EPS up 11% sequentially. Total revenues were $922.4 million, up from $855.5 million in second quarter 2025.
Marine transportation revenues rose to $537.0 million, a 9% year-over-year increase, with operating income of $87.8 million and a 16.4% margin versus 20.1% a year ago, reflecting fuel cost headwinds and elevated shipyard activity despite inland barge utilization in the low-90% range and coastal utilization in the high-90% range. Distribution and services revenues grew 6% to $385.4 million, with operating income of $38.2 million and a 9.9% margin, supported by strong power generation and commercial and industrial demand.
EBITDA (non‑GAAP) was $199.7 million compared with $202.2 million a year earlier. Net cash provided by operating activities was $72.2 million and capital expenditures were $71.5 million, resulting in free cash flow (non‑GAAP) of $0.7 million. Kirby repurchased $59.7 million of shares in the quarter and $29.0 million more early in the third quarter, and continues to guide to full‑year EPS growth of 5%–15%, expecting results toward the upper end of that range.
Dimensional Fund Advisors LP, a Delaware limited partnership and registered investment adviser, reports beneficial ownership of 2,759,885 shares of Kirby Corp common stock, representing 5.2% of the class as of June 30, 2026.
Dimensional has sole power to vote 2,712,882 shares and sole power to dispose of 2,759,885 shares, with no shared voting or dispositive power. The shares are owned by various funds and accounts it advises, which receive dividends and sale proceeds, and no single fund’s interest exceeds 5% of the class. Dimensional may be deemed a beneficial owner for Section 13(d) purposes but disclaims beneficial ownership of these securities.
Kirby Corp vice president William Matthew Woodruff sold 678 shares of common stock in an open-market transaction. The shares were sold at an average price of $147.37 per share. After this sale, he directly holds 9 shares of Kirby Corp common stock.