---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-000516"
form_type: "8-K"
ticker: "KEX"
cik: "0000056047"
company_name: "KIRBY CORP"
filed_at: "2022-01-27T23:59:59+00:00"
generated_at: "2026-06-27T15:08:41.064745+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Kirby Q4 adj EPS $0.27; guides strong 2022 with inland margins in low double-digits

## Summary
- Q4 adjusted EPS $0.27 (GAAP $0.18) on revenues $591M, up 21% YoY; full-year adj EPS $0.56.
- Marine Transportation rev $350.6M, op margin 7.3%; inland utilization mid-high 80%, spot pricing up mid-single digits sequentially.
- Distribution & Services rev $240.7M (oil & gas +110% YoY); acquired energy storage manufacturer; segment margin 3.1%.
- 2022 guidance: cash from ops $400-480M, capex $170-190M; inland rev +10-15% YoY, D&S rev +30-40% YoY.
- Total debt reduced by $305M to $1.16B; debt-to-cap 28.7%; free cash flow expected $210-310M in 2022.

## SEC filing metadata
- accession: 0000950170-22-000516
- form_type: 8-K
- ticker: KEX
- cik: 0000056047
- company_name: KIRBY CORP
- filed_at: 2022-01-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/56047/000095017022000516/0000950170-22-000516-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/56047/000095017022000516/kex-20220127.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-000516
- JSON: https://secwatch.observer/filing/0000950170-22-000516.json
- Plain text: https://secwatch.observer/filing/0000950170-22-000516.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.