Quarterly ResultApr 30, 2026, 02:23 PM
KEX Q1 EPS $1.50, +13% YoY; Raises FY26 Guidance; Acquires Barges
AI Summary
Kirby Corporation announced strong first-quarter 2026 results with diluted EPS of $1.50, a 13% increase year-over-year, and total revenues of $844.1 million. The company raised its full-year 2026 EPS growth guidance to 5%-15%. During the quarter, Kirby acquired 23 barges and 3 high horsepower boats for $95.8 million and repurchased $52.7 million in shares. Additionally, stockholders approved amendments to the 2005 Stock and Incentive Plan, extending its term and increasing performance award limits.
Key Highlights
- KEX Q1 2026 diluted EPS $1.50, up 13% year-over-year from $1.33.
- Total revenues for Q1 2026 were $844.1 million, up from $785.7 million in Q1 2025.
- Increased full-year 2026 EPS growth guidance range to 5%-15%, up from 0%-12%.
- Acquired 23 barges and 3 high horsepower boats for $95.8 million.
- Returned $52.7 million to shareholders through share repurchases at $123.18 average price.
- Marine transportation revenues $497.2 million, operating income $89.7 million.
- Distribution and services revenues $346.9 million, operating income $23.3 million.
- Stockholders approved amendments to the 2005 Stock and Incentive Plan, extending its term to 2036 and increasing cash performance award limits to $10 million.