Kirby第三季度净利1.108亿美元：每股收益2.09美元同比增27%，全年增速指引收窄至10%至15%
总部位于德克萨斯州 Houston 的内河与沿海航运公司 Kirby Corporation（NYSE: KEX）10月28日公布截至2026年9月30日的第三季度业绩：归属公司的净利为1.108亿美元、合每股2.09美元，去年同期为9,250万美元、合每股1.65美元，每股收益同比增长27%；季度总营收9.772亿美元，去年同期为8.712亿美元。
分板块看，海运运输板块营收5.687亿美元，同比增长17%，营业利润1.119亿美元，营业利润率20%，去年同期为18%。其中内河航运约占该板块营收的81%，驳船利用率处于90%出头的水平，现货运价环比有低至中个位数增长；沿海航运驳船利用率处于90%高段，营收同比略增。分销与服务板块营收4.085亿美元，同比增长6%，营业利润4,840万美元，其中发电市场受益于表后发电与备用电源解决方案需求，营收增长8%。
公司季度 EBITDA 为2.297亿美元，经营活动现金流1.435亿美元，资本开支6,950万美元，自由现金流7,400万美元。第三季度公司以平均每股137.04美元回购股票、向股东返还1.12亿美元；截至9月30日，公司现金及等价物3,830万美元，总债务10.72亿美元，债务与资本比23.7%。
Kirby 在第三季度达成协议，将以1.15亿美元向未披露的卖方收购一批内河海运资产，包括9艘内河拖船、14艘内河液货驳船、9台艏推器，以及位于德克萨斯州 Rockport、服务 Corpus Christi 区域的一处65英亩船队运营设施，交易预计2026年第四季度完成交割。
总裁兼首席执行官 David Grzebinski 表示，第三季度业绩显示两大业务延续强劲势头、执行扎实；海运方面驳船利用率与定价趋势向好，但燃油成本上升持续挤压利润；分销与服务受益于发电需求强劲与表后解决方案的快速增长。展望全年，公司把每股收益增速指引收窄至10%至15%，并预计结果将靠近该区间上端；全年经营活动现金流预计5.75亿至6.75亿美元，资本开支预计2.2亿至2.6亿美元。
Kirby Q3 Net Earnings $110.8 Million: EPS $2.09 Up 27% Year Over Year, Full-Year Growth Guidance Narrowed to 10%-15%
Houston, Texas-based Kirby Corporation (NYSE: KEX) on October 28 announced results for the third quarter ended September 30, 2026: net earnings attributable to Kirby were $110.8 million, or $2.09 per share, compared with $92.5 million, or $1.65 per share, in the third quarter of 2025, with earnings per share up 27% year over year. Total revenues for the quarter were $977.2 million, compared with $871.2 million a year earlier.
By segment, marine transportation revenues were $568.7 million, up 17% year over year, with operating income of $111.9 million and an operating margin of 20%, compared with 18% a year earlier. Inland marine accounted for 81% of segment revenues, with barge utilization in the low-90% range and spot market rates up in the low- to mid-single-digit range sequentially, while coastal marine barge utilization was in the high-90% range and revenues increased slightly. Distribution and services revenues were $408.5 million, up 6%, with operating income of $48.4 million; within that segment, power generation revenues rose 8% on demand for behind-the-meter and backup power solutions.
Quarterly EBITDA was $229.7 million. Net cash provided by operating activities was $143.5 million and capital expenditures were $69.5 million, resulting in free cash flow of $74.0 million. During the quarter Kirby returned $112 million to shareholders through share repurchases at an average price of $137.04. As of September 30, 2026, the company had $38.3 million of cash and cash equivalents and total debt of $1,072 million, for a debt-to-capitalization ratio of 23.7%.
During the third quarter, Kirby entered into an agreement to acquire certain inland marine assets from undisclosed sellers for $115 million, including nine inland towboats, fourteen inland tank barges, nine bow thrusters, and a fleeting operation on a 65-acre facility in Rockport, Texas, serving the Corpus Christi area. The transaction is expected to close in the fourth quarter of 2026.
'Our third quarter results reflected strong continued momentum across both businesses and solid execution throughout the organization,' said President and Chief Executive Officer David Grzebinski, noting that in marine transportation, strong barge utilization and favorable pricing supported performance while rising fuel costs weighed on margins, and that distribution and services benefited from robust demand in power generation and strong growth in behind-the-meter solutions. For the full year, Kirby narrowed its earnings per share growth guidance to 10% to 15% and currently expects results toward the upper end of the range; it expects net cash provided by operating activities of $575 million to $675 million and capital spending of $220 million to $260 million in 2026.
来源：GSM·美国（原文链接）
图片来源：图：内河拖船顶推两艘液货驳船航行（资料图，非 Kirby 公司船只）。William Alden 摄，CC BY-SA 4.0，经 Wikimedia Commons。 / A towboat pushing two tank barges on an inland waterway (illustrative photo, not a Kirby vessel). Photo by William Alden, CC BY-SA 4.0, via Wikimedia Commons.
