Quarterly ResultAug 5, 2026, 03:51 PM
Kirby Q2 Revenue $922.4M, Net Earnings $89.7M; Acquires Barges
AI Summary
Kirby Corporation reported Q2 2026 revenues of $922.4 million, marking a 7.8% increase year-over-year. However, net earnings attributable to Kirby slightly decreased to $89.7 million, resulting in flat diluted EPS of $1.67 compared to the prior year's quarter. For the six months ended June 30, 2026, revenues rose by 7.6% to $1.77 billion, and net earnings saw a modest increase of 0.4% to $170.9 million. The company also announced the acquisition of 23 inland tank barges and 3 towboats for $95.8 million and restructured its credit facility, expanding its revolving credit to $750 million.
Key Highlights
- Q2 2026 Total Revenues reached $922.4 million, an increase of 7.8% from Q2 2025.
- Q2 2026 Net Earnings attributable to Kirby were $89.7 million, a decrease of 4.8% from Q2 2025.
- Q2 2026 Diluted Earnings Per Share (EPS) remained flat at $1.67 compared to Q2 2025.
- Acquired 23 inland tank barges and 3 towboats for $95.8 million in March 2026.
- Amended credit agreement, increasing revolving credit facility to $750 million.
- Marine transportation segment revenue grew to $537.0 million in Q2 2026.
- Distribution and services segment revenue increased to $385.4 million in Q2 2026.
- Treasury stock purchases amounted to $112.4 million for the six months ended June 30, 2026.
Price Impact
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