Kirby Corporation (NYSE: KEX) is a marine transportation and distribution services company that operates tank barges transporting bulk liquid cargoes across inland and coastal waterways. Revenue comes from freight charges on liquid cargo shipments and from distribution and services operations spanning commercial and industrial equipment, power generation, and oil and gas markets. The marine transportation segment operates in the inland and coastal tank barge industry, serving chemical, petrochemical, agricultural, and energy product shippers. The distribution and services segment sells and services engines, transmissions, and related equipment to commercial and industrial, power generation, and oil and gas customers. Based on the 10-K filed February 17, 2026 covering fiscal year 2025, Kirby operates across two reportable segments: marine transportation and distribution and services. The company is headquartered in the United States and competes in the tank barge industry against other domestic operators.

Revenue model

Transactional freight revenue from tank barge shipments of bulk liquid cargoes, supplemented by equipment distribution sales and service revenue across commercial and industrial, power generation, and oil and gas end markets.

Products and services

Inland tank barge transportation, coastal tank barge transportation, bulk liquid cargo shipping, commercial and industrial engine and transmission distribution and service, power generation equipment distribution and service, oil and gas equipment distribution and service.

Customers and end markets

Chemical and petrochemical producers, agricultural product shippers, energy product shippers, commercial and industrial equipment users, power generation operators, oil and gas operators.

Value-chain role

Midstream logistics provider for bulk liquid cargo transport; equipment distributor and aftermarket servicer for engines and related machinery in industrial and energy end markets.

Geographic exposure

United States inland waterways and coastal waterways.

Source: SEC 10-K, filed 2026-02-17

Industry: Water Transportation Peers: Matson Inc Eagle Bulk Shipping Inc. Genco Shipping & Trading Ltd Pangaea Logistics Solutions Ltd