---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-001440"
form_type: "8-K"
ticker: "KEX"
cik: "0000056047"
company_name: "KIRBY CORP"
filed_at: "2023-01-31T23:59:59+00:00"
generated_at: "2026-06-20T05:55:48.804965+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Kirby Q4 EPS $0.62 ($0.67 adj); revenue $730M; 2023 growth outlook

## Summary
- Q4 GAAP EPS $0.62 vs $0.18 YoY; adjusted EPS $0.67 vs $0.27; revenue $730.2M (+23% YoY).
- Inland marine utilization 90%+; term contract renewals up low teens; operating margin improved to low teens.
- Distribution & services revenue up 28% YoY to $307.4M; oil & gas revenue up 44% YoY; operating margin 5.5%.
- 2023 guidance: inland marine rev + low double digits; D&S rev +10-20%; cash from ops $480M-$580M; board authorized 5M share buyback increase.
- Coastal rev flat expected; margins near break-even due to planned maintenance; barge utilization low-mid 90%.

## SEC filing metadata
- accession: 0000950170-23-001440
- form_type: 8-K
- ticker: KEX
- cik: 0000056047
- company_name: KIRBY CORP
- filed_at: 2023-01-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/56047/000095017023001440/0000950170-23-001440-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/56047/000095017023001440/kex-20230131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-001440
- JSON: https://secwatch.observer/filing/0000950170-23-001440.json
- Plain text: https://secwatch.observer/filing/0000950170-23-001440.txt

## Key facts
- Earnings Releases
  KIRBY CORP reported the 2022 full year results: revenue $2.78 billion, net income $122.3 million, EPS $2.03 per share. Guidance initiated.
  - Period: the 2022 full year
  - Revenue: $2.78 billion
  - Net income: $122.3 million
  - EPS: $2.03 per share
  - Guidance: initiated
  - Result: reported results
  source text: For the 2022 full year, Kirby reported net earnings attributable to Kirby of $122.3 million or $2.03 per share, compared with a net loss of ($247.0) million or ($4.11) per share for 2021. Excluding one-time items in both years, 2022 net earnings attributable to Kirby were $126.6 million or $2.10 per share, compared with $33.7 million or $0.56 per share for 2021. Consolidated revenues for 2022 were $2.78 billion compared with $2.25 billion for 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/56047/000095017023001440/0000950170-23-001440-index.htm
- Earnings Releases
  KIRBY CORP reported the fourth quarter ended December 31, 2022 results: revenue $730.2 million, net income $37.3 million, EPS $0.62 per share. Guidance initiated.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $730.2 million
  - Net income: $37.3 million
  - EPS: $0.62 per share
  - Guidance: initiated
  - Result: reported results
  source text: Kirby Corporation (“Kirby”) (NYSE: KEX) today announced net earnings attributable to Kirby for the fourth quarter ended December 31, 2022 of $37.3 million or $0.62 per share, compared with earnings of $11.0 million, or $0.18 per share for the 2021 fourth quarter. Excluding one-time items in both quarters, net earnings attributable to Kirby were $40.3 million or $0.67 per share, compared with earnings of $16.7 million, or $0.27 per share, in the year ago period. Consolidated revenues for the 2022 fourth quarter were $730.2 million compared with $591.3 million in the 2021 fourth quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/56047/000095017023001440/0000950170-23-001440-index.htm

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