Kirby Corp. ( (KEX) ) has released its Q2 earnings. Here is a breakdown of the information Kirby Corp. presented to its investors.
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Kirby Corporation, based in Houston, Texas, is the largest domestic tank barge operator in the United States, specializing in the transportation of bulk liquid products and providing after-market services for various industrial applications.
In its 2025 second quarter earnings report, Kirby Corporation reported a 17% increase in earnings per share compared to the previous year, alongside a notable rise in consolidated revenues. The company highlighted strong performance across its marine transportation and distribution and services segments, driven by favorable market conditions and strategic pricing improvements.
Key financial metrics for the quarter included net earnings of $94.3 million and consolidated revenues of $855.5 million. The marine transportation segment saw steady demand with high barge utilization rates, while the distribution and services segment experienced significant growth in power generation revenues. Kirby also repurchased 331,900 shares, reflecting confidence in its financial position.
Looking ahead, Kirby Corporation remains focused on execution amid a dynamic macroeconomic environment. The company anticipates continued growth in earnings for the full year of 2025, despite potential challenges from trade policy shifts and inflationary pressures. Kirby is committed to maintaining capital discipline and leveraging its strong balance sheet to navigate future uncertainties.