Kirby Corporation Announces 2025 Third Quarter Results

Kirby Corporation reported its third quarter 2025 results, with earnings per share of $1.65, a 6% increase year-over-year. The company's consolidated revenues were $871.2 million, up from $831.1 million in the same period last year. Inland marine operations were impacted by lower utility, with barge utilization averaging in the mid-80% range, though improvement is expected in the fourth quarter. Coastal marine operations saw steady market conditions, with operating margins improving to around 20%. Power generation revenue increased significantly, driving distribution and services margins to 11%. Kirby repurchased 1.3 million shares in the third quarter and an additional 429,000 shares in the fourth quarter. The company remains focused on disciplined capital allocation and strategic investments, with a strong balance sheet and robust free cash flow.