---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-035023"
form_type: "8-K"
ticker: "KEX"
cik: "0000056047"
company_name: "KIRBY CORP"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T01:12:50.090523+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Kirby Q2 EPS $0.95 vs $0.47 YoY; revenue $777M; inland margins high-teens

## Summary
- GAAP EPS of $0.95, net earnings $57.4M, up from $0.47 and $28.5M YoY.
- Marine Transportation revenue $427M (+5% YoY); operating margin 15.0% vs 7.6%.
- Inland barge utilization low 90%; spot rates up mid-to-high 20% YoY; term renewals up low double digits.
- Distribution & Services revenue $350.3M (+20% YoY); operating margin 8.5% vs 5.7%. Demand strong for e-frac equipment.
- Operating cash flow $211M; free cash flow $113M; repurchased 474,775 shares for $34.4M at avg $72.49.

## SEC filing metadata
- accession: 0000950170-23-035023
- form_type: 8-K
- ticker: KEX
- cik: 0000056047
- company_name: KIRBY CORP
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/56047/000095017023035023/0000950170-23-035023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/56047/000095017023035023/kex-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-035023
- JSON: https://secwatch.observer/filing/0000950170-23-035023.json
- Plain text: https://secwatch.observer/filing/0000950170-23-035023.txt

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