Filing Flows › Kirby (KEX) › Q3 2026
Kirby (KEX) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Kirby (KEX) reported revenue of $977M for the third quarter 2026 (Q3 2026), +12% from a year earlier and +6% from the quarter before. Operating margin was 15.4%, net earnings $111M (11.3% of revenue).
Kirby, Q3 2026: revenue $977M (+12% year over year), operating margin 15.4%, net earnings $111M, operating cash flow $143M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $977M | +6% | +12% |
| Operating profit | $151M | +23% | +17% |
| Net earnings | $111M | +24% | +20% |
| Operating cash flow | $143M | +99% | -37% |
| Free cash flow | $74.0M | — | -54% |
What changed
Revenue was $977.2M in Q3 2026, up 12% year over year and up 6% from the previous quarter. Marine Transportation was the largest line at 58% of revenue. Marine Transportation added $83.8M year over year (up 17%), 79% of the total change.
Operating profit was $150.9M, a 15.4% margin (up 0.6 points year over year). Of the extra revenue versus Q3 2025, 20% reached operating profit, above the 15% margin then. Total costs grew 11% against revenue growth of 12%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $110.8M, up 20% year over year. The effective tax rate was 24.5%.
Operating cash flow was $143.5M (down 37% year over year), 129% of net earnings. Non-cash charges added back $71.6M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items used $41.5M. After capital expenditures ($69.5M), free cash flow as the company reports it was $74.0M.
Questions
What was Kirby's revenue in the third quarter 2026?
Kirby (KEX) reported revenue of $977M for the third quarter 2026 (Q3 2026), +12% from a year earlier and +6% from the quarter before.
Was Kirby profitable in the third quarter 2026?
Operating profit was $151M (15.4% of revenue) and net earnings $111M.
Source: Kirby 10-Q on SEC EDGAR.