KIRBY CORP Q2 2026: Revenue $922.4M, EPS $1.67— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Kirby Corp reported Q2 2026 revenue of $922.4M, up 7.8% year-over-year, driven by strong demand in inland tank barge and diesel engine services. Net income declined slightly to $89.7M, while diluted EPS remained steady at $1.67. Management noted margin pressure from rising fuel costs but expects recovery as contract escalators adjust. The company expanded capacity by adding barges and towboats, with robust orders in power generation markets.
Kirby Corp reported second-quarter 2026 results with revenue rising to $922.4M from $855.5M a year earlier, while net income attributable to Kirby was $89.7M and diluted EPS held steady at $1.67 versus the prior-year quarter.
Financial Highlights
- Revenue was $922.4M, compared with $855.5M in the prior-year quarter; YoY change 7.8%.
- Net income was $89.7M, compared with $94.3M in the prior-year quarter; YoY change (4.8%).
- Diluted EPS was $1.67, compared with $1.67 in the prior-year quarter; YoY change 0%.
Business Highlights
- Revenue growth was driven by inland tank barge services (KMT) up about 9% and diesel engine and distribution services (KDS) up about 6% in Q2; overall revenues rose roughly 8% on higher term pricing and stronger rental/delivery demand.
- Inland channel mix remained roughly 65% term and 35% spot; coastal term contracts increased though pricing showed mixed trends.
- Demand was strong in petrochemicals and power generation markets, with rising KDS orders for power generation including data center and backup applications.
- Operational moves included purchase of 28 barges year-to-date, additions of towboats and retirements of older barges, increasing capacity by about 0.7M barrels in H1 2026.
- Q2 margins were pressured by rapidly rising fuel costs, with management expecting recovery as contract fuel escalators adjust.
Original SEC Filing: KIRBY CORP [ KEX ] - 10-Q - Aug. 05, 2026