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Matson (MATX) guidance and outlook
Matson (MATX) raised its guidance on Nov 4, 2026: Operating income +50% for Q4 2026; Operating income $144M for Q4 2026; Depreciation & amortization $205M for FY2026; Other income $10.0M for FY2026. Matson's 10-Q filed Nov 5, 2026 makes 18 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Operating income | Q4 2026 | +50% | new |
| Operating income | Q4 2026 | +50% | new |
| Operating income | Q4 2026 | $136M | new |
| Operating income | Q4 2026 | $144M | new |
| Depreciation & amortization | FY2026 | $205M | reaffirmed |
| Other income | FY2026 | $10.0M | raised |
| Tax rate | Q4 2026 | 20% | new |
| Capital expenditures | FY2026 | $130M | new |
From the earnings release filed Nov 4, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 5, 2026
- The Company expects volume in full year 2026 to be modestly lower than the level achieved in 2025, based on the Company’s expectation of similar economic conditions and stable market share.
- The Company expects similar operating conditions to continue through year end and into early 2027.
- As such, the Company expects volume in full year 2026 to be higher than the level achieved in 2025.
- In the near term, the Company expects Guam’s economy to remain stable.
- For full year 2026, the Company expects volume to be modestly higher than the level achieved last year.
- In the near term, the Company expects Alaska’s economy to remain stable supported by a low unemployment rate, steady job market and continued oil and gas exploration and production activity.
- For full year 2026, the Company expects volume to be modestly lower than the level achieved last year.
- For full year 2026, the Company expects the contribution from SSAT to be lower than the $32.5 million achieved in full year 2025.
- Based on the outlook trends noted above, the Company expects Ocean Transportation operating income in the fourth quarter 2026 to be approximately 50 percent higher than the $136.0 million achieved in the fourth quarter 2025.
- For the fourth quarter 2026, the Company expects Logistics operating income to be modestly higher than the $7.7 million achieved in the fourth quarter 2025.
- Consolidated Operating Income: For the fourth quarter 2026, the Company expects consolidated operating income to be approximately 50 percent higher than the $143.7 million achieved in the fourth quarter 2025.
- Depreciation and Amortization: For full year 2026, the Company expects depreciation and amortization expense to be approximately $205 million, inclusive of dry-docking amortization of approximately $35 million.
Matson's latest quarter
Matson, Q3 2026: revenue $1.1B (+26% year over year), operating margin 22.9%, net earnings $209M, operating cash flow $229M. The chart follows the revenue to costs, profit and cash.
Questions
Did Matson raise or lower its guidance?
Matson (MATX) raised its guidance on Nov 4, 2026: Operating income +50% for Q4 2026; Operating income $144M for Q4 2026; Depreciation & amortization $205M for FY2026; Other income $10.0M for FY2026.
What does Matson expect?
The Company expects volume in full year 2026 to be modestly lower than the level achieved in 2025, based on the Company’s expectation of similar economic conditions and stable market share. The Company expects similar operating conditions to continue through year end and into early 2027. As such, the Company expects volume in full year 2026 to be higher than the level achieved in 2025.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.