Kirby Q3 revenue rises 12%, beats estimates
KEX•Kirby’s Q3 revenue rose 12% year over year to $977.2 million, above the $941.17 million consensus, while EPS increased 27% to $2.09. The company narrowed its 2026 EPS growth guidance to 10%-15% and expects results near the upper end.
1. Quarterly results
Kirby reported Q3 revenue of $977.2 million, up 12% year over year and above the $941.17 million analyst consensus. EPS rose 27% to $2.09, net income was $110.8 million, and the company returned $112 million to shareholders through share repurchases.
2. 2026 outlook
Kirby narrowed its full-year 2026 EPS growth guidance to 10%-15% and expects results near the upper end. It expects inland marine revenue to grow at a low-double-digit rate, with margins in the high teens to low 20s; distribution and services revenue is expected to grow at a high-single-digit rate, with high-single-digit margins.
3. Demand drivers
The company said improved market fundamentals and strong customer demand drove 17% marine transportation revenue growth. Robust demand for behind-the-meter and backup power solutions supported distribution and services revenue growth, while strong refinery and petrochemical activity and limited new capacity supported high inland barge utilization.
