---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-061643"
form_type: "8-K"
ticker: "KEX"
cik: "0000056047"
company_name: "KIRBY CORP"
filed_at: "2025-05-01T23:59:59+00:00"
generated_at: "2026-05-23T01:23:39.260372+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Kirby Q1 EPS $1.33 beats $1.19 YoY; revenue down 2.8% but margins improve; buys 14 barges for $97M

## Summary
- Q1 EPS $1.33 vs $1.19 YoY; net earnings $76M; revenue $785.7M (-2.8% YoY).
- Marine margins 18.2%; inland ~20% despite 50% more delay days; coastal margins high-single to low-double digits.
- D&S revenue down 6.9% but operating income up; power generation orders strong; oil & gas operating income +123%.
- Acquired 14 barges and 4 boats for $97.3M; year-to-date share repurchases $124.7M at avg $99.16.
- 2025 outlook: marine margins up YoY; D&S flat; operating cash flow $620-720M; capex $280-320M.

## SEC filing metadata
- accession: 0000950170-25-061643
- form_type: 8-K
- ticker: KEX
- cik: 0000056047
- company_name: KIRBY CORP
- filed_at: 2025-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/56047/000095017025061643/0000950170-25-061643-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/56047/000095017025061643/kex-20250429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-061643
- JSON: https://secwatch.observer/filing/0000950170-25-061643.json
- Plain text: https://secwatch.observer/filing/0000950170-25-061643.txt

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