Kirby Corporation reported its financial results for the first quarter of 2025, highlighting a 7.2% increase in EBITDA, reaching $174.3 million compared to $162.6 million in the first quarter of 2024. The company experienced a decline in oil and gas market sales by 18% year-over-year, although operating income in this segment saw a significant increase of 123%, driven by reduced conventional oilfield activity and increased deliveries of e-frac equipment. Oil and gas contributed to approximately 14% of the segment's sales. Moreover, Kirby generated net cash from operating activities amounting to $36.5 million and incurred capital expenditures of $78.7 million during the quarter. The company also repurchased stock worth $101.5 million.
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