)
Visual
test
Kirby
Kirby (KEX) investor relations material
Kirby Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary29 Jan, 2026
Executive summary
2025 was a record year with strong execution in Marine Transportation and Distribution & Services, driving meaningful EPS and free cash flow growth despite seasonal and weather impacts.
Fourth quarter 2025 diluted EPS was $1.68, up from $0.74 in Q4 2024; full year EPS was $6.33, up 29% from 2024.
Over $100 million was returned to shareholders via share repurchases, and $130 million in debt was paid down in Q4 2025.
Free cash flow for 2025 reached $406 million, with strong operational and financial momentum heading into 2026.
Financial highlights
Q4 2025 revenues were $851.8 million, up 6% year-over-year; full year revenues increased to $3.4 billion from $3.3 billion.
Q4 2025 operating income was $129.7 million, up 159% year-over-year; net earnings were $91.8 million, up 114% year-over-year.
Marine Transportation Q4 revenues were $482 million, operating income $100 million, margin 20.8%.
Distribution & Services Q4 revenues were $370.1 million, operating income $30.1 million, margin 8.1%.
Total 2025 cash flow from operations was $670 million; free cash flow reached $406 million, above guidance.
Outlook and guidance
2026 is expected to deliver consistent year-over-year earnings growth, with improving market fundamentals and EPS projected to be flat to up 12%.
Inland Marine barge utilization is projected to average in the low 90% range, with steady pricing improvement; coastal utilization in mid-90% range.
Distribution & Services segment revenues expected to be flat to slightly higher, with power generation offsetting oil and gas weakness.
2026 CapEx guidance is $220–$260 million; free cash flow expected to remain strong.
Net cash from operating activities projected at $575–$675 million in 2026.
Inland marine pricing recovery drivers?
Power generation growth sustainability beyond 2026?
Mitigate D&S segment oil & gas revenue decline?
Power Gen margin progression for 2026
Inland pricing needed to justify new builds
Venezuelan crude impact on marine demand
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- 6 FebHTOO
Resale registration for 71,429 shares via warrant, with proceeds only on exercise; financial risks persist. - 6 FebVSAT
Q3 revenue up 3% to $1.16B, net income $25M, strong cash flow, Ligado boost, satellite focus. - 6 FebWEC
Targets 7–8% EPS growth, $37.5B capex, and coal exit by 2032 amid surging data center demand. - 6 FebBR
Q2 FY26 recurring revenue grew 8% and adjusted EPS guidance was raised to 9-12%. - 6 FebFFWM
Merger vote includes new non-voting stock class with limited conversion and no voting rights. - 6 FebKKR
Charter amendments seek to modernize governance and establish one share, one vote by 2026. - 6 FebARI
Proposed $9B real estate loan portfolio acquisition highlights disciplined, long-term strategy. - 6 FebSMCI
Q2 revenue jumped 123% to $12.7B, with FY26 guidance raised to at least $40B. - 6 FebRJF
Record revenues and assets, higher dividend, and acquisitions despite lower net income. - 6 FebFFIE
Raising capital for global EV and AI expansion, with regulatory and dilution risks highlighted.
Next Kirby earnings date
Q1 202630 Apr, 2026
Kirby
Next Kirby earnings date
Q1 202630 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Kirby Corporation operates a fleet of tank barges and towing vessels that transport bulk liquid products along the inland waterways and coasts of the United States. The company also manufactures and remanufactures diesel engines, transmissions, and pumps for marine and power generation applications. Kirby serves the petrochemical, refining, and agricultural sectors. The company is headquartered in Houston, Texas, and its shares are listed on the NYSE.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage