Kirby Corporation reported third quarter 2026 results that exceeded analyst expectations for both revenue and earnings. Performance was driven by constructive market fundamentals in the marine transportation segment and robust demand for power generation solutions within distribution and services.
Key Highlights
- Marine transportation revenue grew 17% year-over-year to $568.7 million, supported by inland barge utilization in the low-90% range and sequential spot market rate improvements.
- Distribution and services revenue increased 6% year-over-year to $408.5 million, led by high demand for data center backup and behind-the-meter power systems.
- Management narrowed full-year earnings per share growth guidance to a range of 10% to 15%, with results now expected toward the upper end.
- The company returned $112 million to shareholders through share repurchases and reached an agreement to acquire $115 million in inland marine assets to expand South Texas operations.