---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-006445"
form_type: "8-K"
ticker: "KEX"
cik: "0000056047"
company_name: "KIRBY CORP"
filed_at: "2022-04-28T23:59:59+00:00"
generated_at: "2026-06-26T03:39:50.693981+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kirby reports Q1 EPS $0.29, revenue $610.8M; expects meaningful quarterly earnings progression

## Summary
- Q1 net earnings $17.4M ($0.29/sh) vs loss of $3.4M (-$0.06/sh) in Q1 2021; revenue up 23% to $610.8M.
- Marine transportation impacted by Omicron variant reducing earnings by ~$0.10/sh; barge utilization recovered to >90% since mid-March.
- Inland spot rates up 15-20% YoY; term contracts renewing up high single digits; distribution & services oil & gas rev +71% YoY.
- 2022 outlook: inland rev +15-20% YoY; D&S rev +30-40% YoY; net cash from ops $420-480M; free cash flow $230-310M.
- New Kirby Offshore Wind unit awarded 20-year framework agreement with Maersk for Empire Wind project in NY (late 2025/26).

## SEC filing metadata
- accession: 0000950170-22-006445
- form_type: 8-K
- ticker: KEX
- cik: 0000056047
- company_name: KIRBY CORP
- filed_at: 2022-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/56047/000095017022006445/0000950170-22-006445-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/56047/000095017022006445/kex-20220426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-006445
- JSON: https://secwatch.observer/filing/0000950170-22-006445.json
- Plain text: https://secwatch.observer/filing/0000950170-22-006445.txt

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