Kirby Corp. (KEX)
NYSE:KEX
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.67Last Year’s EPS
1.67Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call conveyed improving market fundamentals and execution across Kirby's marine and distribution businesses: strong utilization, coastal revenue growth, a meaningful year‑over‑year EPS increase, a raised EPS outlook, solid liquidity, and continued free cash flow and disciplined capital allocation. Near‑term headwinds include seasonal weather/navigation delays, OEM engine supply constraints that compress near‑term power generation revenue and EPS, Q2 fuel cost pressure with lagging contract recovery, and continued softness in conventional Oil & Gas. The positives — including pricing momentum, high utilization, backlog growth in power gen, and a stronger guidance stance — outweigh the transitory and supply‑side challenges discussed.Company Guidance
EPS Growth and Guidance Raise
Reported GAAP EPS of $1.50 for Q1 2026, up 13% year-over-year from $1.33 in Q1 2025. Company raised full‑year EPS guidance to +5% to +15% (from flat to +12%), citing improving market fundamentals and execution.
Marine Transportation Revenue and Margins
Marine Transportation revenues of $497.2 million, up $21.0 million (4%) year-over-year; operating income $89.7 million with an 18% operating margin. Coastal and inland businesses delivered high‑teens operating margins.
Strong Utilization in Inland and Coastal Fleets
Average inland barge utilization averaged in the low‑90% range for the quarter; coastal barge utilization averaged in the mid‑to‑high‑90% range. Coastal term contract renewals rose roughly 20% year‑over‑year.
Coastal Revenue Growth
Coastal revenues increased 23% year‑over‑year, driven by limited availability of large capacity vessels and steady customer demand, supporting pricing gains and higher margins.
Distribution & Services Year‑Over‑Year Revenue Growth
Distribution & Services revenues of $347.0 million, up $37.4 million (12%) year‑over‑year. Power Generation grew ~45% year‑over‑year, driven by backlog execution and strong demand for behind‑the‑meter solutions.
Balance Sheet Strength and Cash Generation
Ended Q1 with $58 million cash, $983.4 million total debt, debt to capitalization 22.3%, and $635.4 million available liquidity. Net cash provided by operations $97.7 million; Q1 free cash flow $49.4 million. Company expects full‑year operating cash flow of $575M–$675M and free cash flow generation to remain strong.
Disciplined Capital Allocation and Shareholder Returns
Returned $52.7 million to shareholders via share repurchases in Q1 at an average price of $123.18. Continued targeted fleet investment with acquisition of 23 barges and 3 boats for $95.8 million (approx. $81.4M paid in Q1).
Fleet Size and Capital Plan
Inland fleet at quarter end: 1,124 barges (25.1 million barrels capacity) and expected to be slightly up in 2026. Full‑year CapEx guidance $220M–$260M (approx. $170M–$210M maintenance; ~$65M growth).
KEX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KEX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $152.59 | $150.54 | -1.34% |
Jan 29, 2026 | $128.13 | $122.17 | -4.65% |
Oct 29, 2025 | $88.64 | $100.99 | +13.93% |
Jul 31, 2025 | $120.00 | $95.31 | -20.58% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Kirby Corp. (KEX) report earnings?
Kirby Corp. (KEX) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Kirby Corp. (KEX) earnings time?
Kirby Corp. (KEX) earnings time is at Jul 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KEX EPS forecast?
KEX EPS forecast for the fiscal quarter 2026 (Q2) is 1.67.