Is KEX a Buy as Marine Demand Rises but Margins Stay Under Pressure?
Kirby Corporation (KEX) reports strong marine demand and improved pricing, but faces margin pressure. Q2 revenue rose 9% to $537M, while operating income fell 11% to $87.8M. Management forecasts 2026 revenue growth but notes cost challenges. KEX trades at 1.9X forward sales, above its 5-year median. Earnings estimates for 2026 are $7.07 per share, up from $6.33 in 2025.




