Kirby’s first-quarter earnings were propped up by steady fundamentals in its coastal tank barge fleet, although weather conditions kept a lid on further gains.
The Houston tug and barge owner
Kirby’s first-quarter earnings were propped up by steady fundamentals in its coastal tank barge fleet, although weather conditions kept a lid on further gains.
The Houston tug and barge owner reported a net income of $76m, a modest rise from $70.1m in the first three months of 2024.
Chief executive David Grzebinski said: “We’re off to a solid start in 2025 … overall, our combined businesses performed well during the quarter.
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