The earnings call reflected a generally positive performance with strong earnings growth and robust performance across several segments, particularly in power generation and coastal marine. However, there were challenges in the inland marine segment due to demand softness and navigational issues, as well as ongoing complexities in the macro environment affecting certain sectors.

Company Guidance -

Q3 2025

During the Kirby Corporation 2025 Second Quarter Earnings Call, the company provided guidance on several key metrics. They reported a 17% increase in earnings per share year-over-year, reaching $1.67. Inland Marine Transportation had barge utilization rates in the low to mid-90% range, with spot market rates increasing in the low single digits sequentially and mid-single digits year-over-year. Coastal Marine Transportation saw barge utilization in the mid- to high 90% range, with term contract renewals rising by mid-20% year-over-year, leading to operating margins in the high teens. Distribution and Services reported a 31% year-over-year revenue increase in Power Generation, with a 24% rise in operating income, supported by robust demand from data centers and industrial customers. The company anticipates 15% to 25% year-over-year growth in earnings for 2025, with potential challenges due to macroeconomic factors. Operating margins for Inland Marine are expected to remain in the low 20% range, while Coastal Marine revenues are projected to grow in the high single to low double-digit range, with margins improving to the mid- to high teens.

Earnings Per Share Increase

Second quarter earnings per share increased by 17% year-over-year, from $1.43 in the second quarter of 2024 to $1.67 in 2025.

Strong Marine Segment Performance

Marine Transportation segment revenues were $493 million with operating income of $99 million and an operating margin of 20.1%. Revenues increased 2% year-over-year and operating income by 4%.

Power Generation Revenue Growth

Revenues in Power Generation increased by 31% year-over-year, driven by robust demand from data centers and industrial customers.

Significant Oil and Gas Profitability Increase

Despite a 27% revenue decline year-over-year in oil and gas, operating income increased by 182% year-over-year due to strong execution and cost management.

Coastal Marine Transportation Margins

Coastal Marine achieved operating margins in the high teens, driven by strong pricing and improved asset availability.

Kirby (KEX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

KEX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	1.70 / -	1.55	―	―	―
Jul 31, 2025	2025 (Q2)	1.66 / 1.67	1.43	16.78% (+0.24)
May 01, 2025	2025 (Q1)	1.28 / 1.33	1.19	11.76% (+0.14)
Jan 30, 2025	2024 (Q4)	1.28 / 1.29	1.04	24.04% (+0.25)
Oct 30, 2024	2024 (Q3)	1.46 / 1.55	1.05	47.62% (+0.50)
Aug 01, 2024	2024 (Q2)	1.31 / 1.43	0.95	50.53% (+0.48)
Apr 25, 2024	2024 (Q1)	0.99 / 1.19	0.68	75.00% (+0.51)
Feb 01, 2024	2023 (Q4)	1.03 / 1.04	0.67	55.22% (+0.37)
Oct 26, 2023	2023 (Q3)	1.03 / 1.05	0.65	61.54% (+0.40)
Jul 27, 2023	2023 (Q2)	0.85 / 0.95	0.49	93.88% (+0.46)

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
Jul 31, 2025	$120.00	$95.31	-20.58%
May 01, 2025	$96.37	$99.58	+3.33%
Jan 30, 2025	$106.56	$112.12	+5.22%
Oct 30, 2024	$123.05	$115.59	-6.06%

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 Oct 23, 2025, After Close (Confirmed).

What is Kirby Corp. (KEX) earnings time?

Kirby Corp. (KEX) earnings time is at Oct 23, 2025, 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 2025 (Q3) is 1.7.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing