Filing Flows › Kirby (KEX) › Q2 2026
Kirby (KEX) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Kirby (KEX) reported revenue of $922M for the second quarter 2026 (Q2 2026), +8% from a year earlier and +9% from the quarter before. Operating margin was 13.3%, net earnings $89.8M (9.7% of revenue).
Kirby, Q2 2026: revenue $922M (+8% year over year), operating margin 13.3%, net earnings $89.8M, operating cash flow $72.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $922M | +9% | +8% |
| Operating profit | $122M | +14% | -7% |
| Net earnings | $89.8M | +10% | -5% |
| Operating cash flow | $72.3M | -26% | -23% |
| Free cash flow | $766K | — | -97% |
What changed
Revenue was $922.4M in Q2 2026, up 8% year over year and up 9% from the previous quarter. Marine Transportation was the largest line at 58% of revenue. Marine Transportation added $44.4M year over year (up 9%), 66% of the total change.
Operating profit was $122.4M, a 13.3% margin (down 2.1 points year over year). Operating profit fell $9.5M even though revenue rose $66.9M versus Q2 2025, so costs grew faster than sales. Total costs grew 11% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $89.7M, down 5% year over year. The effective tax rate was 24.2%.
Operating cash flow was $72.3M (down 23% year over year), 80% of net earnings. Non-cash charges added back $70.4M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items used $90.2M. After capital expenditures ($71.5M), free cash flow as the company reports it was $766K.
Questions
What was Kirby's revenue in the second quarter 2026?
Kirby (KEX) reported revenue of $922M for the second quarter 2026 (Q2 2026), +8% from a year earlier and +9% from the quarter before.
Was Kirby profitable in the second quarter 2026?
Operating profit was $122M (13.3% of revenue) and net earnings $89.8M.
Source: Kirby 10-Q on SEC EDGAR.