Quarterly ResultMay 8, 2026, 04:57 PM
Kirby Q1 Diluted EPS $1.50, Revenue $844.1M; Credit Facility Extended
AI Summary
Kirby Corp reported a strong first quarter for 2026, with diluted EPS increasing to $1.50 and total revenues rising to $844.1 million. Both the Marine transportation and Distribution and services segments contributed to revenue growth. The company also significantly increased its net cash from operating activities and completed a strategic acquisition of marine assets, while also extending its revolving credit facility.
Key Highlights
- Diluted EPS increased 12.8% to $1.50 in Q1 2026 from $1.33 in Q1 2025.
- Total revenues rose 7.4% to $844.1M in Q1 2026 from $785.7M in Q1 2025.
- Net earnings attributable to Kirby increased 6.9% to $81.2M in Q1 2026.
- Marine transportation segment revenue grew 4.4% to $497.2M.
- Distribution and services segment revenue increased 12.1% to $346.9M.
- Net cash provided by operating activities surged 167.2% to $97.7M.
- Acquired 23 inland tank barges and 3 towboats for $95.8M, paying $81.4M cash in Q1 2026.
- Amended credit agreement, extending revolving credit facility to $750M until March 26, 2031.
Price Impact
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