Kirby Corporation (NYSE:KEX) will look for acquisitions. Raj Kumar, Executive Vice President and Chief Financial Officer said, "Looking forward into 2022 with the forecasted increasing activity across much of our businesses, CapEx is expected to increase. For the full year, we expect CapEx of approximately $170 million to $190 million, which is primarily comprised of maintenance requirements for our marine fleet.

Despite the increased capital spending, we expect strong cash flow from operations of $400 million to $480 million with free cash flow of $210 million to $310 million. At these levels of free cash flow and our balance sheet position, we remain extremely confident in our ability to repay debt while also being able to fund any potential attractive investment and acquisition opportunities". David Grzebinski, President and Chief Executive Officer said, "We expect 2022 will be another strong cash flow year.

We will use this cash flow to further reduce debt, but we will also be looking for attractive acquisition opportunities that align with our strategy and create positive returns for the company and our shareholders".