Kirby (KIY) AI Stock Analysis

Company Guidance

Kirby narrowed its 2026 full year earnings growth guidance to 10% to 15% and currently expects results toward the upper end of that range; inland revenues are expected to grow in the low double digit range with operating margins in the high teens to low 20% range for the full year, coastal revenues are expected to increase in the mid to high single digit range with operating margins in the mid teens range, and distribution and services segment revenues are expected to increase in the high single digit range with operating margins in the high single digit range. Full year capital spending is expected to range between $220 million to $260 million, including approximately $170 million to $210 million of marine maintenance capital and approximately $65 million of growth capital spending, while cash flow from operations is expected to be $575 million to $675 million; the inland fleet is expected to be flat in the fourth quarter of 26 and Coastal marine expected to remain unchanged from the third quarter of 26. Power generation’s longer term outlook remains 10 to 20% growth, with backlog currently north of $1.5 billion, and the aftermarket opportunity is expected to be a 100 million plus dollar business in 3 to 4 years.