Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Kirby ( (KEX) ) has shared an update.
On March 26, 2026, Kirby Corporation amended and restated its main bank credit facility, extending its maturity to March 26, 2031 and increasing revolving commitments to $750 million while eliminating the prior term loan component. The agreement preserves existing financial covenants, including minimum interest coverage and a cap on debt to capitalization, and allows potential upsizing by up to an additional $500 million subject to lender approval.
At the effectiveness of the new facility, Kirby had about $200 million drawn, using the proceeds to refinance debt under the prior agreement, fund vessel equipment acquisitions, and support share repurchases, and subsequently repaid $20 million before the filing date. The revised structure provides Kirby with longer-dated, more flexible liquidity to support fleet investment and capital returns, potentially strengthening its balance sheet resilience and financial flexibility for future growth and shareholder-focused actions.
The most recent analyst rating on (KEX) stock is a Buy with a $147.00 price target. To see the full list of analyst forecasts on Kirby stock, see the KEX Stock Forecast page.
Spark’s Take on KEX Stock
According to Spark, TipRanks’ AI Analyst, KEX is a Outperform.
KEX scores well primarily on strengthened financial performance (improved profitability and sharply reduced leverage) and a constructive earnings outlook supported by strong free cash flow and capital returns. Technicals add support with a clear uptrend and positive momentum, while valuation is more neutral (P/E ~20 and no dividend yield provided) given cyclical and execution risks highlighted in guidance.
To see Spark’s full report on KEX stock, click here.
More about Kirby
Kirby Corporation operates in the marine transportation and services industry, focusing on inland and coastal tank barge operations and related marine services in the U.S. energy and petrochemical supply chain. The company relies on substantial revolving credit facilities to fund fleet investments, acquisitions, and capital allocation initiatives such as share repurchases.
Average Trading Volume: 788,588
Technical Sentiment Signal: Buy
Current Market Cap: $7.2B
See more insights into KEX stock on TipRanks’ Stock Analysis page.