| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 871.16 | 1.8% | 4.8% |
| Total Income | 871.16 | 1.8% | 4.8% |
| Expenditure | 741.94 | 2.5% | 5.4% |
| PBT | 122.94 | 0.8% | 4.7% |
| Net Profit | 92.50 | 1.9% | 2.8% |
| OPM | 14.83% | 0.58pp | 0.44pp |
| NPM | 10.62% | 0.40pp | 0.21pp |
| EPS | 1.66 | 1.2% | 6.4% |
Kirby Corp. Announces Q3 2025 EPS $1.65, Up 6% YOY
04 May 2026 · 4 May, 8:35 am
Summary
Kirby Corporation announced net earnings attributable to Kirby for the third quarter ended September 30, 2025, of $92.5 million, or $1.65 per share, compared with earnings of $90.0 million, or $1.55 per share, for the 2024 third quarter. Consolidated revenues for the 2025 third quarter were $871.2 million compared with $831.1 million reported for the 2024 third quarter. The company experienced strength in coastal marine and power generation, but faced softer inland market conditions. For the full year 2025, Kirby expects to generate net cash provided from operating activities of $620 million to $720 million and capital spending is expected to range between $260 million to $290 million.
Key Highlights
- 1
Kirby Corporation's third quarter 2025 earnings per share were $1.65, an increase of 6% year-over-year.
- 2
Coastal marine operating margins improved to around 20% during the third quarter of 2025.
- 3
Power generation revenue increased 56% year-over-year, contributing to distribution and services margins of 11%.
- 4
Kirby repurchased 1,314,009 shares at an average price of $91.30 for $120.0 million in the third quarter.
- 5
Consolidated revenues for the third quarter of 2025 were $871.2 million compared to $831.1 million in the third quarter of 2024.
- 6
Distribution and services revenues for the third quarter of 2025 were $386.2 million compared to $345.1 million for the third quarter of 2024.
- 7
EBITDA for the third quarter of 2025 was $201.4 million, compared to $190.5 million for the third quarter of 2024.
Management Comments
David Grzebinski
Kirby’s third quarter performance reflects our ability to adapt and deliver results, with continued strength in coastal marine and power generation, and focused execution in the face of softer inland market conditions. As we enter the fourth quarter, we remain focused on execution and disciplined capital allocation, while navigating evolving market conditions across our businesses. Despite near-term challenges in the inland market, we remain confident the inland barge cycle still has years to go given supply constraints. Our structural advantages in marine and growing backlog in power generation provide meaningful upside potential. With our strong balance sheet and robust free cash flow, we are well positioned to pursue strategic investments whether through targeted capital projects, selective acquisitions, or returning capital to shareholders. This financial strength provides us with the flexibility to manage near-term uncertainty while remaining focused on creating long-term value.
Informational and educational content only. Not investment advice.