Kirby Corp Authorizes Additional $8M Share Repurchase

Kirby Corporation (KEX) has announced a new share repurchase authorization of up to $8 million shares of common stock. This is in addition to the previously announced 5 million share repurchase authorization. KEX's CEO, David Grzebinski, stated that the move reflects confidence in the company's ongoing business strategy and ability to generate strong free cash flow. The company has been consistently making efforts to reward its shareholders through share buybacks.

Houston, TX - Kirby Corporation (NYSE: KEX), the nation's largest domestic tank barge operator, has announced a new share repurchase authorization for up to eight million additional shares of its common stock. This authorization, approved by the company's Board of Directors on September 8, 2025, is in addition to the previously announced five million share repurchase authorization, of which approximately 0.8 million shares remained available for repurchase as of September 5, 2025 Kirby Corporation Announces Board Approval for Authorization to Repurchase Up to Eight Million Shares^[1].

The new authorization brings the total authorized shares for repurchase to approximately 8.8 million. The move reflects the company's confidence in its commercial and operational execution, which is focused on delivering consistent and sustainable free cash flow generation in dynamic market conditions. Kirby Corporation's CEO, David Grzebinski, stated, "The additional share repurchase authorization reflects confidence in the ultimate earnings power of our company and our ability to consistently generate strong free cash flow. We remain committed to our long-term capital allocation strategy that includes returning free cash flow to shareholders over time" Kirby Corporation Announces Board Approval for Authorization to Repurchase Up to Eight Million Shares^[1].

The Board's authorization permits Kirby Corporation to make purchases of its common stock from time to time in the open market, through privately negotiated transactions, block transactions, or by other means, including Rule 10b5-1 trading plans, subject to market and other conditions. The authorization has no expiration date.

Kirby Corporation, based in Houston, Texas, operates the largest domestic tank barge fleet in the United States, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, and coastwise along all three U.S. coasts. The company transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals by tank barge and participates in the transportation of dry-bulk commodities in U.S. coastwise trade. Additionally, Kirby Corporation provides after-market services and genuine replacement parts for various industrial applications and rents equipment for use in a variety of industrial markets Kirby Corporation Announces Board Approval for Authorization to Repurchase Up to Eight Million Shares^[1].

The share repurchase authorization is part of Kirby Corporation's strategy to return capital to shareholders. The company has been consistently making efforts to reward its shareholders through share buybacks, reflecting its commitment to capital allocation priorities such as pursuing inland marine acquisitions and investing in new growth areas like power generation.

Forward-looking statements contained in this press release reflect management's reasonable judgment with respect to future events and involve risks and uncertainties. Actual results could differ materially from those anticipated as a result of various factors, including adverse economic conditions, industry competition, adverse weather conditions, fuel costs, interest rates, government and environmental laws and regulations, and the timing, magnitude, and number of acquisitions made by the company. Forward-looking statements are based on currently available information and Kirby assumes no obligation to update any such statements Kirby Corporation Announces Board Approval for Authorization to Repurchase Up to Eight Million Shares^[1].

For more information, contact Kurt Niemietz at 713-435-1077.

Kirby Corporation Announces Board Approval for Authorization to Repurchase Up to Eight Million Shares^[1]: https://www.globenewswire.com/news-release/2025/09/08/3146363/0/en/Kirby-Corporation-Announces-Board-Approval-for-Authorization-to-Repurchase-Up-to-Eight-Million-Shares.html