卡比海运 2026年季度报告

KIRBY CORPORATION Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulations S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). YesNoIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller Accelerated filerSmaller reporting company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesNo As of May 7, 2026, 53.5 million shares of the Registrant’s $0.10 par value per share common stock were outstanding. (1)Basis for Preparation of the Condensed Financial Statements The condensed financial statements included herein have been prepared by Kirby Corporation and its consolidatedsubsidiaries (“Kirby” or the “Company”), without audit, pursuant to the rules and regulations of the Securities and ExchangeCommission. Although the Company believes that the disclosures are adequate to make the information presented not misleading,certain information and footnote disclosures, including significant accounting policies normally included in annual financial (2)Acquisitions On March 17, 2026, the Company purchased 23 inland tank barges with a total capacity of 653,000 barrels, including fivespecialty barges, and three high horsepower towboats from an undisclosed seller for $95.8 million. The Company paid $81.4million in cash in March 2026 with the remaining $14.4 million to be paid in the 2026 second quarter when delivery of all vesselshas been completed. The 23 tank barges, including five specialty barges, transport petrochemicals and refined products on the On October 14, 2025, the Company purchased certain assets from an undisclosed seller in support of the KDS segment for$9.3 million in cash. The assets consisted of inventory and an authorized distributorship for EMD Power Products (“EMD”) for On August 7, 2025, the Company purchased two inland tank barges and one towboat from an undisclosed seller for $9.2 On March 27, 2025, the Company purchased 14 inland tank barges with a total capacity of 364,000 barrels, including fourspecialty barges, and four high horsepower towboats from an undisclosed seller for $97.3 million in cash. The 14 tank barges,including four specialty barges, transport petrochemicals and refined products on the Mississippi River System and Gulf (3)Revenues The following table sets forth the Company’s revenues by major source (in thousands): Contract liabilities represent advance consideration received from customers, and are recognized as revenue over time or at apoint in time as the related performance obligation is satisfied. Revenues recognized during the three months ended March 31, 2026and 2025 that were included in the opening contract liability balances were $64.7 million and $60.2 million, respectively. The (4)Segment Data The Company’s operations are aggregated into two reportable business segments as follows: Marine Transportation Segment (“KMT”)— Provides marine transportation by United States flagged vessels principally ofliquid cargoes throughout the United States inland waterway system, along all three United States coasts, and to a lesser extent, in Distribution and Services Segment (“KDS”)— Provides equipment, after-market parts and services for power generationsystems in applications that include behind the meter power systems and emergency backup systems, after-market and genuinereplacement parts and services for engines, transmissions, reduction gears, electric motors, drives, and controls, specializedelectrical distribution and controls systems, and related equipment used in power generation, marine, on-highway, oilfield services,and other industrial applications. The Company also rents equipment including generators, industrial compressors, high-capacity The Company’s two reportable business segments are managed separately by the Company’s chief operating decision maker(“CODM”), its Chief Executive Officer, based on fundamental differenc