Matson, Inc. filed its quarterly report on Form 10-Q with the SEC on November 5, 2026, covering the three and nine months ended September 30, 2026, disclosing increased revenue and net income across both periods compared to the prior year.

Key Highlights

  • Total operating revenue reached $1,113.5 million for the three months ended September 30, 2026, up from $880.1 million in the same period of 2025, according to the filing.
  • Net income for the third quarter of 2026 was $209.4 million, compared with $134.7 million in the third quarter of 2025, as reported in the condensed consolidated statements.
  • Diluted earnings per share for the three months ended September 30, 2026 were $6.96, versus $4.24 in the year-earlier quarter.
  • Ocean Transportation revenue for the nine months ended September 30, 2026 totaled $2,265.2 million, while Logistics revenue totaled $575.5 million, as disclosed in the income statement.
  • Cash and cash equivalents stood at $221.9 million as of September 30, 2026, compared with $141.9 million at December 31, 2025.
  • Repurchase of Matson common stock totaled $180.1 million in cash outflows for the nine months ended September 30, 2026, per the condensed consolidated statements of cash flows.
  • Shares outstanding as of September 30, 2026 were 29,636,274, as stated on the cover page of the filing.

Matson's Third-Quarter 2026 Financial Results and Segment Performance

According to the filing, Matson, Inc. (NYSE:MATX) reported total operating revenue of $1,113.5 million for the three months ended September 30, 2026, compared with $880.1 million for the same quarter in 2025. The Ocean Transportation segment contributed $891.3 million of that quarterly revenue, while the Logistics segment contributed $222.2 million, both representing increases from the prior-year quarter figures of $718.3 million and $161.8 million, respectively. The company operates two primary business segments, ocean transportation and logistics, as reflected throughout the condensed consolidated financial statements.

For the nine months ended September 30, 2026, the filing reported total operating revenue of $2,840.7 million versus $2,492.6 million in the first nine months of 2025. Net income for the nine-month period was $395.4 million, compared with $301.7 million for the comparable 2025 period. Operating income for the nine months ended September 30, 2026 was $475.5 million, up from $356.1 million in the prior-year period. Income from SSAT, the company's terminal joint venture investment, was $17.2 million for the nine months ended September 30, 2026, down from $23.2 million in the same period of 2025.

The condensed consolidated balance sheet as of September 30, 2026 showed total assets of $4,872.0 million, up from $4,635.6 million at December 31, 2025. Property and equipment, net, increased to $2,733.6 million from $2,499.4 million over the same interval, reflecting, in part, vessel construction expenditures of $252.3 million recorded in investing activities for the nine months ended September 30, 2026. The Capital Construction Fund balance stood at $298.6 million as of September 30, 2026, down from $532.7 million at December 31, 2025, with the filing noting $248.7 million in withdrawals and $13.4 million in deposits during the nine-month period.

What Was Disclosed

Matson's Form 10-Q for the quarter ended September 30, 2026, disclosed quarterly and year-to-date income statements, balance sheet data, cash flow activity, earnings per share figures, and segment revenue for Ocean Transportation and Logistics, filed with the SEC on November 5, 2026.