UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2022 or Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 1-7615 KIRBY CORPORATION (Exact name of registrant as specified in its charter) Nevada 74-1884980 (State or other jurisdiction of incorporation or ...

Start Time: 08:30 January 1, 0000 9:31 AM ET Kirby Corporation (NYSE:KEX) Q2 2022 Earnings Conference Call July 28, 2022, 08:30 AM ET Company Participants David Grzebinski - President and CEO Raj Kumar - EVP and CFO Kurt Niemietz - VP, IR and Treasure Conference Call Participants Jack Atkins - Stephens Ben Nolan - Stifel Greg Wasikowski - Webber Research Greg Lewis - BTIG Operator Good morning, and welcome to the Kirby Corporation 2022 Second Quarter Earnings Conference Call. All participants will be in lis ...

Financial Performance - Total revenues for Q1 2022 were $610.8 million, a 23% increase from $496.9 million in Q1 2021[54] - Net earnings attributable to Kirby for Q1 2022 were $17.4 million, compared to a net loss of $3.4 million in Q1 2021, resulting in diluted earnings per share of $0.29[54] - KMT generated 58% of total revenues in Q1 2022, with revenues increasing by 18% and operating income rising by 773% compared to Q1 2021[61] - KDS accounted for 42% of total revenues in Q1 2022, with revenues increasing by 30% and operating income increasing by 277% compared to Q1 2021[69] - Operating income for Q1 2022 surged 773% to $16.9 million, with an operating margin of 4.8%, up from 0.6% in Q1 2021[94] - Distribution and services revenues for Q1 2022 rose 30% to $255.2 million compared to $195.9 million in Q1 2021[95] - KDS operating income for Q1 2022 increased 277% to $11.0 million, with an operating margin of 4.3%, up from 1.5% in Q1 2021[102] - Other income for Q1 2022 was $4.3 million, a 14% increase from $3.8 million in Q1 2021[104] - The company reported a net gain on disposition of assets of $4.8 million for Q1 2022, up from $2.1 million in Q1 2021[103] Operational Metrics - Inland tank barge utilization averaged in the mid-80% range in Q1 2022, up from the mid-70% range in Q1 2021[62] - Coastal tank barge utilization levels averaged in the low 90% range in Q1 2022, up from mid-70% in Q1 2021, due to retirement of underutilized barges[80] - Marine transportation revenues for Q1 2022 increased by 18% to $355.5 million compared to $301.0 million in Q1 2021[77] - The inland operations consumed 11.5 million gallons of diesel fuel in Q1 2022, with an average price of $2.50 per gallon, compared to $1.65 per gallon in Q1 2021[91] - The agricultural chemical market contributed 4% of KMT revenues for Q1 2022, reflecting improved demand due to better economic conditions[84] Capital Expenditures and Debt - Capital expenditures for 2022 are projected to be between $170 million and $190 million, with $145 million to $155 million allocated for maintenance and improvements[55] - Capital expenditures for Q1 2022 totaled $35.1 million, including $33.8 million for upgrading existing marine equipment[120] - The company had $844.9 million available under its Revolving Credit Facility as of March 31, 2022[125] - The Company entered into a note purchase agreement for $300 million of 2033 Notes, with no principal payments required until maturity[117] - Average debt as of March 31, 2022, was $1.42 billion, up from $1.18 billion in the previous year, with an average interest rate of 3.5% compared to 3.1%[106] - Long-term debt decreased by 1% to $1.15 billion, reflecting repayments of $10 million under the Term Loan[113] - Current liabilities decreased by 6% to $513.8 million, with accounts payable increasing by 10% due to higher activity levels[112] - Current assets increased by 1% to $1.02 billion as of March 31, 2022, while inventories rose by 9% due to supply chain delays[108] - Total equity increased by 1% to $2.91 billion, driven by net earnings of $17.4 million and stock option exercises of $2.3 million[115] Cost and Inflation Management - Costs of sales and operating expenses for Q1 2022 increased by 19% to $254.4 million, driven by improved business activity and higher fuel costs[89] - KMT's term contracts typically include fuel escalation clauses, allowing the company to recover changes in fuel costs over the long term[128] - Inflationary pressures have increased, but KMT has mechanisms to mitigate rising costs, including long-term contracts with cost escalation clauses[130] - Fuel price volatility and specific contract terms can affect the short-term effectiveness of fuel escalation clauses[128] - A 1% increase in variable interest rates would impact the 2022 interest expense by $3.2 million based on outstanding balances as of December 31, 2021[131] - The fair value of the company's debt would change by approximately 3% with a 1% increase in interest rates[131] - Spot contract rates reflect current fuel prices but do not include escalators for fuel, exposing the company to market volatility[130] - KDS secures the cost of major components for large manufacturing orders at the time of customer order finalization, limiting inflation exposure[130] - The repair portion of KDS is based on prevailing current market rates, which may fluctuate[130] - KMT's contracts generally have a 30 to 90 day delay before adjustments are made based on fuel price changes[128]

1Q 2022 Earnings Conference Call April 28, 2022 Disclosures Forward Looking Statements Statements contained in this conference call with respect to the future are forward-looking statements. These statements reflect management's reasonable judgment with respect to future events. Forward-looking statements involve risks and uncertainties. Actual results could differ materially from those anticipated as a result of various factors, including cyclical or other downturns in demand, significant pricing competiti ...

Kirby's (NYSE:KEX) Q1 2022 Earnings Conference Call April 28, 2022 8:30 AM ET Company Participants David Grzebinski – President and Chief Executive Officer Raj Kumar – Executive Vice President and Chief Financial Officer Eric Holcomb – Vice President-Investor Relations Conference Call Participants Jack Atkins – Stephens Ben Nolan – Stifel Jon Chappell – Evercore Ken Hoexter – Bank of America Greg Wasikowski – Webber Research Chris Robertson – Jefferies Operator Corporation 2022, First Quarter Earnings Confe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File no. 1-07615 Kirby Corporation (Exact name of registrant as specified in its charter) Nevada 74-1884980 (State or other jurisdiction of incorporatio ...

Kirby Corporation (NYSE:KEX) Q4 2021 Earnings Conference Call January 27, 2022 8:30 AM ET Company Participants Eric Holcomb – Vice President-Investor Relations David Grzebinski – President and Chief Executive Officer Raj Kumar – Executive Vice President and Chief Financial Officer Bill Harvey – Executive Vice President-Finance Conference Call Participants Ken Hoexter – Bank of America Jon Chappell – Evercore Ben Nolan – Stifel Jack Atkins – Stephens Randy Giveans – Jefferies Greg Wasikowski – Webber Researc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2021 or Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 1-7615 KIRBY CORPORATION (Exact name of registrant as specified in its charter) Nevada 74-1884980 (State or other jurisdiction of incorporatio ...

Kirby Corporation (NYSE:KEX) Q3 2021 Earnings Conference Call October 28, 2021 8:30 AM ET Company Participants Eric Holcomb – Vice President of Investor Relations David Grzebinski – President and Chief Executive Officer Bill Harvey – Vice President and Chief Financial Officer Conference Call Participants Ben Nolan – Stifel John Chappell – Evercore ISI Jack Atkins – Stephens Ken Hoexter – Bank of America Randy Giveans – Jeffries Greg Lewis – BTIG Greg Wasikowski – Webber Research Operator Good morning and ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 KIRBY CORPORATION (Exact name of registrant as specified in its charter) Form 10-Q Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2021 or Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 1-7615 Nevada 74-1884980 (State or other jurisdiction of incorporation or ...