HOUSTON, Feb. 25, 2026 (GLOBE NEWSWIRE) -- SEACOR Marine Holdings Inc. (NYSE: SMHI) (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore energy facilities worldwide, today announced results for its fourth quarter ended December 31, 2025. SEACOR Marine’s consolidated operating revenues for the fourth quarter of 2025 were $52.3 million, operating loss was $5.2 million, and direct vessel profit (“DVP”)(1) was $9.7 million. This compares to consolidate ...

Company Overview - Kirby Corporation is a leading U.S. provider of marine transportation and specialized distribution services, operating one of the largest fleets of tank barges and towboats in the country [7] - The company reported a revenue of $3.36 billion and a net income of $354.52 million for the trailing twelve months (TTM) [4] - Kirby's stock has experienced a 1-year price change of 21.20% as of February 22, 2026, and has seen five consecutive years of annual growth [4][8] Recent Developments - On February 10, 2026, Scott P. Miller, Vice President and Chief Investment Officer, sold 3,960 common shares for approximately $478,000, which accounted for 52.62% of his direct ownership [1][6] - Following the transaction, Miller retains 3,565 shares of common stock directly held [6] Market Position - Kirby operates in an industry that is essential for the energy and industrial sectors, providing transportation services relied upon by major tech, petroleum, cargo shipping, and automobile companies [9][10] - The company is recognized as America's largest operator of tank barges, primarily transporting materials such as petrochemicals and refined petroleum products [10] Financial Performance - Kirby's strong Q4 FY 2025 earnings exceeded EPS estimates, posting $1.68, marking the best performance in a quarter [8] - The stock has already increased by 18% in the year as of February 21, 2026 [8]

HAMILTON, Bermuda, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay or the Company) (NYSE:TK) today reported an update for the three months and year ended December 31, 2025. The update and Teekay Group’s earnings presentation are available on the Company’s website here. About Teekay Teekay is a leading provider of international crude oil marine transportation and other marine services. Teekay provides these services through its controlling ownership interest in Teekay Tankers Ltd. (NYSE: TN ...

Company Overview - Kirby Corporation is a leading U.S. provider of marine transportation and specialized distribution services, operating one of the largest fleets of tank barges and towboats in the country [4] - The company transports materials such as petrochemicals, agricultural chemicals, various industrial oils, and refined petroleum products [4] - As of February 14, 2026, Kirby's market capitalization is $6.77 billion, with a revenue of $3.36 billion and a net income of $354.57 million for the trailing twelve months (TTM) [3] Recent Performance - Kirby reported strong Q4 FY2025 earnings, exceeding earnings per share (EPS) estimates of $1.62 by posting $1.68, marking the best performance in a quarter [5] - The company has experienced five consecutive years of annual growth and is already up 12.5% in stock value this year as of February 14, 2026 [5] - The stock has seen a 1-year price change of 17.77% [3] Industry Context - Kirby operates in an industry that is essential to the energy and industrial sectors, providing transportation services relied upon by major companies in technology, petroleum, cargo shipping, and automobiles [6] - The company is recognized as America's largest operator of tank barges, which are non-operated shipping vessels typically used in inland waters, particularly the Mississippi River system [8] Recent Transactions - On February 4, 2026, Ronald A. Dragg, Vice President and Controller at Kirby Corporation, sold 5,429 shares in an open-market transaction valued at approximately $662,338 [1] - This sale represented 34.30% of Dragg's direct shareholdings at the time, which is significantly higher than the median of 14.64% for recent trades [7] - The transaction was linked to the exercise of 2,787 stock options, followed by the immediate sale of the shares [7]

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Core Viewpoint - Scorpio Tankers has undergone significant financial repositioning, achieving a net cash position and improving market fundamentals, which has led to increased liquidity and a higher dividend payout [2][4][7]. Financial Performance - The company repaid $450 million in debt during the year, including a $154.6 million secured debt prepayment in Q4, which covered all scheduled principal amortization for 2026 and 2027 [1] - Scorpio Tankers generated $152 million of Adjusted EBITDA in Q4 and $568 million for the full year, with an IFRS net income of $344 million for the year [3][7] - Net debt has decreased from $3.1 billion in 2021 to a net cash position of approximately $308 million as of the call date, with liquidity standing at about $1.7 billion [2][7][10] Dividend and Capital Allocation - The company raised its quarterly dividend to $0.45 per share, marking a 12.5% year-over-year increase, while maintaining a conservative capital-allocation policy [6][8] - Management emphasized a measured fleet renewal strategy, having sold 10 older vessels and contracted for 10 newbuilds with obligations slightly over $700 million, mostly payable in 2027-2029 [9][11] Market Conditions - Product tanker market fundamentals are improving, with spot rates for LR2s near $46,000/day and MRs near $38,000/day, supported by approximately 1 million bpd of demand growth and constrained effective supply [5][13] - Global refined product demand is expected to increase by nearly 1 million barrels per day, with ton-miles rising approximately 20% since 2019 [15][16] Supply Dynamics - The product tanker order book represents almost 19% of the existing fleet, with 21% of the fleet already over 20 years old, leading to expected fleet growth averaging roughly 3% over the next three years [16] - Management noted that sanctions and geopolitical factors are reshaping trade flows, with a significant portion of the Aframax/LR2 fleet being sanctioned [14][20] Strategic Outlook - The company is engaging opportunistically with inquiries for potential vessel sales but is not currently pursuing acquisitions [12][9] - Management views the current strength in the clean market as sustainable, supported by a high-running refining system and ongoing ton-mile dynamics [21]

Financial Data and Key Metrics Changes - The fourth quarter results exceeded internal expectations, with strong growth in the offshore pipeline transportation segment driven by steady base volumes and contributions from new wells [5][10] - The company exited the year with effectively zero outstanding under its $800 million senior secured revolving credit facility, reflecting strong liquidity [6] - The quarterly common unit distribution was increased to $0.18 per unit, representing a 9.1% year-over-year increase [6] Business Segment Data and Key Metrics Changes - The offshore pipeline transportation segment saw a 19% increase in Segment Margin and a 16% increase in total volumes compared to the previous quarter, marking the third consecutive quarter of growth [10] - The marine transportation segment returned to normalized operating performance as refinery customers increased runs of heavy crude oil, leading to higher volumes of intermediate black oil for transport [5][16] - The onshore transportation and services segment performed in line with expectations, with increased throughput volumes across Texas and Raceland terminals [21] Market Data and Key Metrics Changes - The Gulf of America remains a world-class basin with strong long-term interest, as evidenced by the recent lease sale generating over $300 million in high bids for 181 tracts [14][15] - The market conditions for both brown water and blue water fleets stabilized, with increased demand for inland transportation due to refinery runs of heavy crudes [16][17] Company Strategy and Development Direction - The company is focused on deepwater Gulf of America growth, with expectations for increased production volumes and drilling schedules from offshore producer customers [7][9] - The management emphasized a disciplined approach to capital allocation, including debt reduction and evaluating future distribution increases [22][23] Management's Comments on Operating Environment and Future Outlook - Management acknowledged potential disruptions from hurricanes and higher marine maintenance in 2026, but remains optimistic about exceeding guidance based on customer feedback [29][30] - The company views the recent acquisition of LLOG by Harbour Energy as a positive development, with plans to double production from the acquired asset [46][47] Other Important Information - The company plans to maintain flexibility in evaluating future organic and inorganic opportunities while focusing on long-term value creation for stakeholders [22][23] - The marine transportation segment is expected to benefit from additional volumes produced in the Gulf of America and increased crude imports [16][17] Q&A Session Summary Question: Guidance for 2026 and EBITDA impact from disruptions - Management expects a $5 million-$10 million reduction in Segment Margin due to anticipated downtime and higher marine maintenance [29][30] Question: Capital allocation and leverage ratio targets - The long-term target for leverage ratio is around 4, with evaluations for distribution growth occurring quarterly [31][32] Question: Opportunities for acquiring remaining interests in offshore systems - Management expressed comfort with existing positions and potential for increased exposure without significant capital expenditure [39][40] Question: Impact of customer consolidation on long-term expectations - The acquisition of LLOG is seen as a positive, with expectations for increased production benefiting the company [46][47] Question: Details on offshore guidance for Salamanca and Shenandoah - Management is confident in achieving the 15%-20% guidance based on discussions with producer customers [52][53]

Core Insights - Kirby Corporation (KEX) reported fourth-quarter 2025 earnings of $1.68 per share, exceeding the Zacks Consensus Estimate of $1.62 and reflecting a 30.2% year-over-year increase. Total revenues reached $851.8 million, slightly below the consensus estimate of $859.2 million but up 6.2% year over year [1][10]. Segment Performance - Marine transportation revenues for Q4 2025 were $481.7 million, a 3.2% increase year over year, with operating income rising to $100.3 million from $86 million in the previous year. The segment's operating margin improved to 20.8% from 18.4% [3][10]. - In the inland market, barge utilization was in the mid to high-80% range, with revenues decreasing by 1% year over year due to lower utilization and pricing. The inland market accounted for 79% of segment revenues [4]. - The coastal market experienced favorable conditions, with barge utilization in the mid to high-90% range and revenues increasing by 22% year over year, contributing 21% of segment revenues [5]. - Distribution and services revenues for Q4 2025 were $370.1 million, up 10.3% year over year, with operating income at $30.1 million compared to $26.8 million in the previous year. The operating margin rose to 8.1% from 8% [6][10]. Market Trends - In the power generation market, revenues increased by 47% year over year, driven by strong execution on backlog, with operating income rising by 41%. Power generation accounted for 52% of distribution and services segment revenues [7]. - The commercial and industrial market saw a 1% decline in revenues year over year due to lower business levels in on-highway sectors, while the oil and gas market experienced a significant 45% decrease in revenues year over year [8][9]. Financial Highlights - As of December 31, 2025, Kirby had cash and cash equivalents of $78.77 million, up from $47.02 million at the end of the previous quarter. The company generated $312.2 million in net cash from operating activities during the quarter [11]. - For 2026, Kirby anticipates consistent year-over-year earnings growth, with EPS expected to be flat to up 12%. The company projects generating $575-$675 million in net cash from operating activities and capital expenditures between $220 million and $260 million [12][16]. 2026 Outlook - Inland revenues are expected to increase by low to mid-single digits year over year, with operating margins gradually improving. Coastal revenues are anticipated to rise in the mid-single digits, with operating margins in the high-teens range [13][14]. - Distribution and services revenues are expected to be flat to slightly higher year over year, with strength in power generation offsetting declines in oil and gas activity. Operating margins are projected to be in the mid-to-high single-digit range [15].

Financial Data and Key Metrics Changes - In the first quarter of fiscal year 2026, the company reported net sales of $996 million, a 29% increase year-over-year, and earnings per share of $2.17, up from $1.42, reflecting a 54% increase [14][6] - Free cash flow for the first quarter was $70 million, significantly higher than the previous year's $1 million [21][20] Business Line Data and Key Metrics Changes - Aerospace segment sales increased to $635 million, a 29% rise, driven primarily by a 50% increase in commercial services sales [15][14] - Industrial segment sales reached $362 million, up 30%, with core industrial sales (excluding China On-Highway) increasing by 22% [17][14] Market Data and Key Metrics Changes - The aerospace market saw robust demand growth in both commercial and defense OEMs, with commercial services exceeding forecasts [8][5] - The industrial segment experienced broad-based growth across power generation, transportation, and oil and gas, with marine transportation sales increasing by 38% and oil and gas sales by 28% [17][8] Company Strategy and Development Direction - The company plans to wind down its China On-Highway product lines by the end of the fiscal year, aligning with its long-term growth strategy for the industrial segment [10][19] - Strategic priorities include meeting OEM demand growth, providing world-class service for repair and overhaul, and shifting R&D focus to customer value demonstration [11][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in raising full-year sales and earnings guidance due to strong first-quarter performance and market outlook [12][22] - The company anticipates challenges in supply chain alignment and inventory efficiency, with investments aimed at improving operational capabilities [7][8] Other Important Information - The company expects to incur $20 million to $25 million in costs related to the wind-down of the China On-Highway business, with no revenue spillover expected into FY27 [97][96] - Capital expenditures for fiscal 2026 are projected to increase significantly due to facility buildouts and automation projects [21][20] Q&A Session Summary Question: Will the $245 million of commercial aftermarket sales in the first quarter be the low point for the year? - Management indicated that it is hard to predict if this will be the low point, as they expect increasing repair and spare part sales driven by strong market demand [25] Question: What are the drivers behind the growth acceleration in oil and gas and marine transportation? - Growth in oil and gas is driven by both OEM and services, while marine transportation growth is attributed to increased shipyard output and high fleet utilization [35] Question: How does the company view the profitability of the commercial aerospace OE business? - Management noted that while the profitability is below the blended margin, there are opportunities for improvement through consistent production and supply chain alignment [91] Question: What is the expected impact of the $1.5 trillion 2027 NDAA package on Woodward? - Management stated that it is difficult to predict the impact without visibility into current inventory levels, but they are prepared to respond if demand increases [100]

Company Overview - Kirby Corporation (NYSE:KEX) is a prominent player in the marine transportation and diesel engine services sector, operating a large fleet of inland tank barges and towing vessels for bulk liquid product transportation [1] - The company also provides diesel engine services across various industries, including marine, power generation, and industrial, competing with firms like Ingram Barge Company and American Commercial Barge Line [1] Stock Performance and Analyst Ratings - On January 30, 2026, Wolfe Research set a price target of $136 for KEX, indicating a potential price increase of approximately 15.39% from its current price of $117.87 [2] - Despite a downgrade from BTIG Research, which reduced the price target from $140 to $135, the firm maintains a buy rating on KEX, reflecting confidence in the stock's long-term potential [3][6] - Citigroup raised its price target for Kirby from $131 to $145, also assigning a buy rating, while Wall Street Zen upgraded Kirby from a hold to a buy rating on November 1st [3][6] Current Market Data - The current stock price of KEX is $118.27, showing a decrease of 3.19% or $3.90, with trading between a low of $117.33 and a high of $121.42 on the day [4] - Over the past year, KEX has experienced significant volatility, with a high of $132.18 and a low of $79.52, and the company's market capitalization is approximately $6.6 billion [4] - The trading volume for KEX on the NYSE is 109,932 shares, indicating active investor interest in the stock [5]