---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-028839"
form_type: "8-K"
ticker: "KEX"
cik: "0000056047"
company_name: "KIRBY CORP"
filed_at: "2026-01-29T23:59:59+00:00"
generated_at: "2026-05-16T06:40:18.067935+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Kirby Q4 EPS $1.68, full-year $6.33; guides 2026 EPS flat to +12% YoY

## Summary
- Q4 net earnings $91.8M ($1.68 EPS) vs $42.8M ($0.74) a year ago; full-year $354.6M ($6.33) vs $286.7M ($4.91).
- Inland marine utilization mid to high-80% in Q4, improved to low 90% in early Q1 2026; coastal utilization mid to high-90%.
- Power generation revenue up 47% YoY; Distribution & Services segment revenue $370.1M with 8.1% operating margin.
- Repurchased 1.03M shares for $101.6M at avg $98.53; reduced debt $130M in Q4; debt-to-cap 21.4%.
- 2026 EPS guidance flat to +12% YoY; operating cash flow $575-675M; capex $220-260M.

## SEC filing metadata
- accession: 0001193125-26-028839
- form_type: 8-K
- ticker: KEX
- cik: 0000056047
- company_name: KIRBY CORP
- filed_at: 2026-01-29T23:59:59+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/56047/000119312526028839/0001193125-26-028839-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/56047/000119312526028839/kex-20260129.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-028839
- JSON: https://secwatch.observer/filing/0001193125-26-028839.json
- Plain text: https://secwatch.observer/filing/0001193125-26-028839.txt

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