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Citigroup analyst Ben Mohr maintains Kirby (NYSE:KEX) with a Buy and raises the price target from $165 to $170.
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Kirby reported Q3 2026 earnings per share of $2.09, up 27% year-over-year, driven by tight barge supply enabling pricing increases and a $1.5 billion+ power generation backlog from data center expansion. The company acquired $115 million in inland marine assets in South Texas and expects continued momentum from healthy refining/petrochemical demand and disciplined industry capital spending.
Filed: 2026-10-28 AccNo: 0001193125-26-436155 Size: 1 MB Item 2.02: Results of Operations and Financial Condition Item 9.01: Financial Statements and Exhibits
Kirby Corporation reported net earnings of $110.8 million, or $2.09 per share, for the third quarter ended September 30, 2026, compared to $92.5 million, or $1.65 per share, in the same period of 2025.
Union Pacific (UNP) is expected to report Q3 2026 earnings of $3.47 per share (up 12.7% YoY) with revenues projected at $7.12 billion (up 14% YoY), driven by freight revenue growth of 14.8%. However, lower shipment volumes, Middle East tensions, and supply-chain disruptions may pressure results. The company has a positive earnings surprise history and an Earnings ESP of +0.28% with a Zacks Rank #3.