Kirby Corporation announced net earnings attributable to Kirby for the second quarter ended June 30, 2025, of $94.3 million, or $1.67 per share. This represents a 17% increase in earnings per share compared to $1.43 per share in the second quarter of 2024. Consolidated revenues for the quarter reached $855.5 million, a 3.8% increase from $824.4 million reported in the prior year's second quarter.
The Marine Transportation segment reported revenues of $492.6 million, up 1.6% year-over-year, with operating income increasing 4.4% to $99.1 million. Inland barge utilization remained in the low to mid-90% range, with spot rates increasing mid-single digits year-over-year and term contracts up low to mid-single digits. Coastal term contracts renewed with mid-20% range increases, contributing to high teens operating margins.
The Distribution and Services segment saw revenues increase 6.9% year-over-year to $362.9 million, with operating income rising 20.4% to $35.4 million. Power generation revenues surged 31% year-over-year due to robust demand, while oil and gas operating income increased 182% driven by e-frac equipment. Kirby reaffirmed its 2025 EPS growth guidance of 15% to 25% but noted that recent trade policy shifts could lead to results closer to the lower end of the guidance. Capital spending for 2025 was revised down to $260 million to $290 million.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.