Summer 2026
Posted on 1/20/2026
Operates coastal tank barges and ATBs
No salary listed
Pensacola, FL, USA
In Person
On-site field service; travel to customer vessels (dock/sea) required.
Kirby Offshore Marine operates the United States’ largest coastal fleet of tank barges and towing vessels, moving refined products, black oil, and petrochemicals along Atlantic, Gulf, and Pacific coasts. Its offshore fleet includes about 23 Articulated Tug/Barge (ATB) units, which pair a tug with a barge so the tug pushes the barge at sea, enabling safer, faster trips with better fuel efficiency and fewer delays compared to traditional tug-and-barge setups. Since 2015, Kirby has added six ATBs with a combined tank capacity exceeding 800,000 barrels. The company’s product flow relies on coastal shipping networks and ATB configurations to improve transit times and operational reliability, serving regional distribution in U.S. waters. The goal is to provide efficient, reliable marine transportation for refined products and petrochemicals while expanding capacity and maintaining safety in maritime operations.
Company Size
201-500
Company Stage
IPO
Headquarters
Houston, Texas
Founded
1921
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Flexible Work Hours
Kirby Corporation has amended its credit agreement with JPMorgan and other lenders, extending its revolving credit facility to $750 million through March 2031. The facility, which refinances existing debt and supports vessel equipment purchases and share repurchases, can be expanded by an additional $500 million. The extended facility provides greater balance sheet flexibility whilst maintaining covenant limits on leverage and interest coverage. Kirby has already deployed over $800 million under its share repurchase programme, suggesting the company will balance equipment spending with continued buybacks. The move comes as Kirby's investment narrative continues to rely on tight barge supply and ageing fleets to support earnings, though prolonged softness in chemical markets remains a key risk.
Atlantic Investment Management established a new position in Kirby Corporation, acquiring 223,000 shares in a $24.57 million trade, according to a Securities and Exchange Commission filing dated 17 February 2026. The position represents 13.8% of the fund's reportable assets under management. Kirby, a leading US marine transportation and distribution services provider, reported $6.33 in diluted earnings per share for 2025 on $3.36 billion in revenue, up from $4.91 the previous year. Marine transportation posted a 20.8% operating margin in the fourth quarter, whilst distribution and services benefited from 47% year-over-year growth in power generation demand. Shares traded at $126.68 on 17 February 2026, up 20% over the past year. Management expects 2026 earnings to be flat to up 12% year over year.
Kirby, a marine transportation service company, missed Wall Street's revenue expectations in Q4 2025, reporting $851.8 million in sales, up 6.2% year on year. However, its non-GAAP profit of $1.68 per share beat analyst estimates by 3.2%. The company cited seasonal weather delays and early-quarter pricing softness in inland marine operations as headwinds. However, spot rates recovered by quarter-end, and coastal operations maintained high barge utilisation in the mid to high 90% range. Operating margin improved to 15.2%, up from 6.3% the previous year. Distribution and services saw 47% year-on-year growth in power generation revenues, driven by data centre and industrial demand. Management expects steady 2026 performance, supported by tight vessel supply and improving barge utilisation, though inflationary pressures remain a concern.
Kirby, a marine transportation service company, reported fourth-quarter revenue of $851.8 million, missing analyst estimates of $863.8 million despite growing 6.2% year on year. The company's GAAP earnings per share of $1.68 beat expectations by 3.4%. Adjusted EBITDA reached $203.1 million, exceeding analyst estimates by 5.9%, with a 23.8% margin. Operating margin improved to 15.2% from 6.3% in the prior year quarter, whilst free cash flow margin rose to 31.1% from 18.8%. Chief executive David Grzebinski called 2025 a record year for the company. Over the past five years, Kirby's revenue has grown at a 9.2% compound annual rate, though recent growth has slowed to 4.3% over the last two years.
Seven Eight Capital LP makes new $201,000 investment in Kirby Co. (NYSE:KEX).