Behind The Numbers – Kirby Corp (KEX)

Kirby Corp (KEX), a premier tank barge operator, operates through two distinct segments:

Marine Transportation (58% of Revenue) – Operates tank barges and towing vessels that help transport bulk liquid products throughout the Mississippi River System, the Gulf Intracoastal Waterway, and coastwise along all three U.S. coasts. It transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals.

Distribution & Services (42% of Revenue) – Sells after-market service and replacement parts for engines, transmissions, electric motors, drives, and controls, specialized electrical distribution and control systems, energy storage battery systems, and related oilfield services equipment.

As of December 31st, 2022, the equipment owned and operated