If a company is going to disappoint the Street and lower its guidance for the year, there are worse reasons than those cited by Kirby (NYSE:KEX)
management recently. Part of the shortfall seems to be due to declines
in frac activity in the shale gas fields. The other part seems due to
accelerated maintenance needs on acquired barges - a circumstance that
is disappointing, but doesn't really impact the company's long-term
earnings potential all that significantly.