Shares of Kirby Corporation (KEX) plummeted 8.03% during intraday trading on Thursday. The sharp decline followed the company's release of its fourth-quarter financial results for 2025.
The tank barge operator reported Q4 revenue of $851.8 million, which fell short of the consensus analyst estimate of $857.1 million. This slight revenue miss appears to have driven the negative market reaction, overshadowing the company's earnings beat. Kirby reported net earnings of $91.8 million, or $1.68 per diluted share, exceeding the expected $1.62 per share.
Investors focused on the top-line performance, leading to significant selling pressure. The company's outlook for 2026, with earnings per share expected to be flat to up 12% year-over-year, was not enough to offset concerns about the quarterly revenue shortfall.