Quarterly ResultJul 29, 2026, 07:03 AM
Kirby Q2 EPS $1.67, Revenue $922.4M; Raises FY Outlook
AI Summary
Kirby Corporation reported Q2 2026 net earnings of $1.67 per share, flat year-over-year, on total revenues of $922.4 million, an increase of 7.8%. Marine transportation revenues grew 9% due to strengthening market fundamentals, while distribution and services revenues increased 6% driven by power generation and commercial activity. The company returned $59.7 million to shareholders through share repurchases and expects full-year EPS growth to trend towards the upper end of its 5%-15% guidance range, reflecting strong execution and healthy end-market conditions.
Key Highlights
- Q2 2026 diluted EPS was $1.67, in line with the prior year.
- Total revenues for Q2 2026 increased 7.8% to $922.4 million.
- Marine transportation revenues rose 9% year-over-year to $537.0 million.
- Distribution and services revenues grew 6% year-over-year to $385.4 million.
- Returned $59.7 million to shareholders through share repurchases in Q2 2026.
- Expects full-year EPS growth to trend toward the upper end of 5%-15% guidance.
- Net cash provided by operating activities projected at $575M-$675M for 2026.
- Debt-to-capitalization ratio was 23.1% as of June 30, 2026.
Price Impact
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