Kirby Corporation remains a buy, supported by robust growth, strong margins, and a solid balance sheet, amid volatile macroeconomic conditions. KEX delivered Q4 2025 revenue of $851.8M, up 6.2% YoY, with operating margin rising to 15.2% from 6.2% YoY, reflecting improved operational efficiency. Strategic fleet management, high contract coverage, and exposure to rising oil prices and data center-driven power demand position KEX for further upside.