Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation services and towing vessels transporting bulk liquid products, as well as operates tank barges throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii. It also transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals by tank barges; and operates offshore dry-bulk barge and tugboat units that are engaged in the offshore transportation of dry-bulk cargoes in the United States coastal trade. As of December 31, 2020, this segment owned and operated 1,066 inland tank barges with 24.1 million barrels of capacity, 248 inland towboats, 44 coastal tank barges with 4.2 million barrels of capacity, 44 coastal tugboats, 4 offshore dry-bulk cargo barges, 4 offshore tugboats, and 1 docking tugboat. The company's Distribution and Services segment sells replacement parts; provides service mechanics to overhaul and repair engines, transmissions, reduction gears, and related oilfield services equipment; rebuilds component parts or diesel engines, transmissions and reduction gears, and related equipment used in oilfield services, marine, power generation, on-highway, and other industrial applications; rents generators, industrial compressors, railcar movers, and high capacity lift trucks; and manufactures and remanufactures oilfield service equipment, including pressure pumping units. It serves oilfield service, on-highway transportation, marine transportation, commercial fishing, construction, and power generation companies, as well as oil and gas operators and producers, and the United States government. The company was formerly known as Kirby Exploration Company, Inc. and changed its name to Kirby Corporation in 1990. Kirby Corporation was founded in 1921 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NYSE
Website: kirbycorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/22/2024 | $126.00 | Outperform | Wolfe Research |
| 1/28/2022 | $80.00 | Neutral → Buy | BTIG Research |
| 1/28/2022 | Neutral → Buy | BTIG | |
| 10/28/2021 | $58.00 → $55.00 | Hold | Jefferies |
| 10/12/2021 | $64.00 → $65.00 | Hold → Buy | Stifel |
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First quarter 2025 earnings per share of $1.33Inland marine experienced improved market conditions with a sequential increase in spot market prices and operating margins around 20% despite an increase in delay daysKirby repurchased 1,258,031 shares at an average price of $99.16 for $124.7 million year-to-date through April 30, 2025Acquired 14 barges, including four specialty barges, and four high horsepower boats from undisclosed seller for $97.3 millionQuarterly earnings and free cash flow expected to strengthen as the year progresses HOUSTON, May 01, 2025 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) today announced net earnings attributable to Kirby for the fi
HOUSTON, March 31, 2025 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) will announce its 2025 first quarter results at 6:00 a.m. Central Daylight Time ("CDT") on Thursday, May 1, 2025. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT. For listeners who wish to participate in the question and answer session via telephone, please pre-register at Kirby Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing them to access the live call. To listen to the webcast, please visit the Investor Relations section of Kirby's website at www.kirbycorp.com. A replay of the webcast will be available for a period
Fourth quarter 2024 GAAP earnings per share of $0.74, and fourth quarter 2024 adjusted earnings per share¹ of $1.29.Fourth quarter 2024 inland marine term contracts repriced higher in the 6-9% range year-over-year.Kirby repurchased 286,697 shares at an average price of $116.16 for $33.3 million and reduced debt balances by $105 million in the 2024 fourth quarter.2025 expected earnings growth of 15% to 25% year-over-year. ¹ Non-GAAP measure. See reconciliation in section titled "One-time Items" HOUSTON, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) today announced net earnings attributable to Kirby for the fourth quarter ended December 31, 2024 of $42.8 million
HOUSTON, Dec. 27, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) will announce its 2024 fourth quarter results at 6:00 a.m. Central Standard Time ("CST") on Thursday, January 30, 2025. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CST. For listeners who wish to participate in the question and answer session via telephone, please pre-register at Kirby Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing them to access the live call. To listen to the webcast, please visit the Investor Relations section of Kirby's website at www.kirbycorp.com. A replay of the webcast will be available for a p
Third quarter 2024 earnings per share of $1.55Continued strength in inland marine with a sequential increase in spot market prices and operating margins in the low 20% rangeContinued strong market conditions in coastal marine with operating margins improving to the mid-teens rangeStrong free cash flow generation with over $130 million of free cash flow in the third quarterKirby repurchased 483,335 shares at an average price of $115.46 for $55.8 million in the 2024 third quarter HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) today announced net earnings attributable to Kirby for the third quarter ended September 30, 2024, of $90.0 million or $1.55 per sha
HOUSTON, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) will announce its 2024 third quarter results at 6:00 a.m. Central Daylight Time ("CDT") on Wednesday, October 30, 2024. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT. For listeners who wish to participate in the question and answer session via telephone, please pre-register at Kirby Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing them to access the live call. To listen to the webcast, please visit the Investor Relations section of Kirby's website at www.kirbycorp.com. A replay of the webcast will be available for a
Second quarter 2024 earnings per share of $1.43Continued strong market conditions in inland marine with a sequential increase in spot market prices and operating margins in the low 20% rangeContinued strong market conditions in coastal marine with operating margins improving to the low teens rangeKirby repurchased 372,265 shares at an average price of $117.33 for $43.7 million in the 2024 second quarterClosed previously announced acquisition of 13 barges, including three specialty barges, and two high horsepower boats HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) today announced net earnings attributable to Kirby for the second quarte
HOUSTON, June 28, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) will announce its 2024 second quarter results at 6:00 a.m. Central Daylight Time ("CDT") on Thursday, August 1, 2024. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT. For listeners who wish to participate in the question and answer session via telephone, please pre-register at Kirby Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing them to access the live call. To listen to the webcast, please visit the Investor Relations section of Kirby's website at www.kirbycorp.com. A replay of the webcast will be available for a per
First quarter 2024 earnings per share of $1.19Inland marine experienced strong market conditions with a sequential increase in spot market prices and high-teens operating margins despite a sequential increase in delay daysCoastal operating margins improved to high single to low double-digit rangeBreaking out power generation at KDS as its significance continues to grow, constituting 41% of KDS revenues Kirby repurchased 498,505 shares at an average price of $83.82 for $41.8 million in the 2024 first quarterAcquired 13 barges, including three specialty barges, and two high horsepower boats from undisclosed sellerQuarterly earnings expected to strengthen as the year progresses Appoints Christi
HOUSTON, March 28, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) will announce its 2024 first quarter results at 6:00 a.m. Central Daylight Time ("CDT") on Thursday, April 25, 2024. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT. For listeners who wish to participate in the question and answer session via telephone, please pre-register at Kirby Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing them to access the live call. To listen to the webcast, please visit the Investor Relations section of Kirby's website at www.kirbycorp.com. A replay of the webcast will be available for a per
Wolfe Research initiated coverage of Kirby with a rating of Outperform and set a new price target of $126.00
BTIG Research upgraded Kirby from Neutral to Buy and set a new price target of $80.00
BTIG upgraded Kirby from Neutral to Buy
Jefferies reiterated coverage of Kirby with a rating of Hold and set a new price target of $55.00 from $58.00 previously
Stifel upgraded Kirby from Hold to Buy and set a new price target of $65.00 from $64.00 previously
Gabelli & Co downgraded Kirby from Buy to Hold
Jefferies reiterated coverage of Kirby with a rating of Hold and set a new price target of $58.00 from $48.00 previously
HOUSTON, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Kirby Corporation (NYSE:KEX) ("Kirby" or "the Company") today announced the appointment of Rocky B. Dewbre as a new independent member of the Company's Board, effective immediately, pursuant to a cooperation agreement with Kirby shareholder JCP Investment Management, LLC ("JCP"). Following the appointment of Mr. Dewbre, the Kirby Board of Directors will expand to eleven directors, nine of whom are independent. "We welcome Rocky to the Kirby Board of Directors," said Joseph H. Pyne, Chairman of the Kirby Board of Directors. "Rocky brings additive expertise given his leadership and board service across sectors. With bright prospects for continued g
HOUSTON, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Kirby Corporation (NYSE:KEX) ("Kirby" or "the Company") today announced the appointment of Susan W. Dio to the Company's Board, effective January 24, 2023. Following the appointment of Ms. Dio, the Kirby Board of Directors will expand to ten directors, nine of whom are independent. Ms. Dio is a proven executive with more than 25 years of experience in international refining, petrochemicals and oil and gas. She most recently served as Chairman and President of BP America, providing oversight for BP's businesses in the United States. She previously served as Chief Executive Officer of BP Shipping, where she reset the organization's strategy and ope
HOUSTON, July 27, 2021 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) today announced the appointment of Shawn D. Williams as a new independent member of the Kirby Board of Directors effective July 27, 2021. Mr. Williams has an extensive background in the chemicals industry with professional and board experience, and Kirby is pleased to welcome him to its Board of Directors. Since June 2021, Mr. Williams has served as the Chairman of the Board of Managers and Acting Chief Executive Officer of Covia Holdings LLC, a provider of minerals-based solutions serving the industrial and energy markets. Prior to his appointment as Acting Chief Executive Officer, Mr. Williams was Chairman
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First quarter 2025 earnings per share of $1.33Inland marine experienced improved market conditions with a sequential increase in spot market prices and operating margins around 20% despite an increase in delay daysKirby repurchased 1,258,031 shares at an average price of $99.16 for $124.7 million year-to-date through April 30, 2025Acquired 14 barges, including four specialty barges, and four high horsepower boats from undisclosed seller for $97.3 millionQuarterly earnings and free cash flow expected to strengthen as the year progresses HOUSTON, May 01, 2025 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) today announced net earnings attributable to Kirby for the fi
HOUSTON, March 31, 2025 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) will announce its 2025 first quarter results at 6:00 a.m. Central Daylight Time ("CDT") on Thursday, May 1, 2025. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT. For listeners who wish to participate in the question and answer session via telephone, please pre-register at Kirby Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing them to access the live call. To listen to the webcast, please visit the Investor Relations section of Kirby's website at www.kirbycorp.com. A replay of the webcast will be available for a period
Fourth quarter 2024 GAAP earnings per share of $0.74, and fourth quarter 2024 adjusted earnings per share¹ of $1.29.Fourth quarter 2024 inland marine term contracts repriced higher in the 6-9% range year-over-year.Kirby repurchased 286,697 shares at an average price of $116.16 for $33.3 million and reduced debt balances by $105 million in the 2024 fourth quarter.2025 expected earnings growth of 15% to 25% year-over-year. ¹ Non-GAAP measure. See reconciliation in section titled "One-time Items" HOUSTON, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) today announced net earnings attributable to Kirby for the fourth quarter ended December 31, 2024 of $42.8 million
HOUSTON, Dec. 27, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) will announce its 2024 fourth quarter results at 6:00 a.m. Central Standard Time ("CST") on Thursday, January 30, 2025. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CST. For listeners who wish to participate in the question and answer session via telephone, please pre-register at Kirby Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing them to access the live call. To listen to the webcast, please visit the Investor Relations section of Kirby's website at www.kirbycorp.com. A replay of the webcast will be available for a p
Third quarter 2024 earnings per share of $1.55Continued strength in inland marine with a sequential increase in spot market prices and operating margins in the low 20% rangeContinued strong market conditions in coastal marine with operating margins improving to the mid-teens rangeStrong free cash flow generation with over $130 million of free cash flow in the third quarterKirby repurchased 483,335 shares at an average price of $115.46 for $55.8 million in the 2024 third quarter HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) today announced net earnings attributable to Kirby for the third quarter ended September 30, 2024, of $90.0 million or $1.55 per sha
HOUSTON, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) will announce its 2024 third quarter results at 6:00 a.m. Central Daylight Time ("CDT") on Wednesday, October 30, 2024. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT. For listeners who wish to participate in the question and answer session via telephone, please pre-register at Kirby Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing them to access the live call. To listen to the webcast, please visit the Investor Relations section of Kirby's website at www.kirbycorp.com. A replay of the webcast will be available for a
Second quarter 2024 earnings per share of $1.43Continued strong market conditions in inland marine with a sequential increase in spot market prices and operating margins in the low 20% rangeContinued strong market conditions in coastal marine with operating margins improving to the low teens rangeKirby repurchased 372,265 shares at an average price of $117.33 for $43.7 million in the 2024 second quarterClosed previously announced acquisition of 13 barges, including three specialty barges, and two high horsepower boats HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) today announced net earnings attributable to Kirby for the second quarte
HOUSTON, June 28, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) will announce its 2024 second quarter results at 6:00 a.m. Central Daylight Time ("CDT") on Thursday, August 1, 2024. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT. For listeners who wish to participate in the question and answer session via telephone, please pre-register at Kirby Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing them to access the live call. To listen to the webcast, please visit the Investor Relations section of Kirby's website at www.kirbycorp.com. A replay of the webcast will be available for a per
First quarter 2024 earnings per share of $1.19Inland marine experienced strong market conditions with a sequential increase in spot market prices and high-teens operating margins despite a sequential increase in delay daysCoastal operating margins improved to high single to low double-digit rangeBreaking out power generation at KDS as its significance continues to grow, constituting 41% of KDS revenues Kirby repurchased 498,505 shares at an average price of $83.82 for $41.8 million in the 2024 first quarterAcquired 13 barges, including three specialty barges, and two high horsepower boats from undisclosed sellerQuarterly earnings expected to strengthen as the year progresses Appoints Christi
HOUSTON, March 28, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) will announce its 2024 first quarter results at 6:00 a.m. Central Daylight Time ("CDT") on Thursday, April 25, 2024. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT. For listeners who wish to participate in the question and answer session via telephone, please pre-register at Kirby Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing them to access the live call. To listen to the webcast, please visit the Investor Relations section of Kirby's website at www.kirbycorp.com. A replay of the webcast will be available for a per