Maui Land & Pineapple stock, real estate

Maui Land & Pineapple stock: Federal lawsuit puts stock under water-rate scrutiny

Published on 10/23/2026 at 03:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

A federal complaint alleges USD 447,000 in 2025 charges and water rates up 339 percent. Maui Land & Pineapple stock posted USD 3.70 million in second-quarter revenue.

Water dispute and quarterly figures

TY Management filed a federal lawsuit over USD 447,000 in alleged 2025 charges on October 14, 2026.
Second-quarter revenue reached USD 3.70 million while earnings per share were minus USD 0.08.
Maui Land & Pineapple was last at USD 14.23 on October 22, 2026, on the NYSE.

Maui Land & Pineapple stock, real estate, water-rate litigation, quarterly revenue, NYSE, Illustration mit AI erstellt.

Maui Land & Pineapple Company is facing a federal lawsuit over irrigation billing at its Honokohau water system, with the complaint alleging at least USD 447,000 in improperly charged 2025 costs. Hawaii News Now reported on October 14, 2026 that TY Management had filed the fraud and racketeering suit against the company and its executives.

Water rates drive the legal fight

The dispute centers on the Honokohau Ditch System, which supplies irrigation water to golf courses, farms, hotels and other West Maui users. The complaint alleges that repair and capital-improvement costs were presented as routine maintenance, allowing them to be passed on through customer rates.

Aloha State Daily reported on October 20, 2026 that TY Management's water rate rose 339 percent between January 2025 and January 2026, from USD 0.49 to USD 2.15 per thousand gallons. Maui Land & Pineapple said the lawsuit was an effort to pressure the company into transferring control of the system.

What does the dispute mean for revenue?

The legal claims add pressure to a business already producing modest quarterly revenue. Maui Land & Pineapple reported USD 3.70 million of revenue and a loss of USD 1.63 million in the second quarter of 2026, equal to a loss of USD 0.08 in basic earnings per share.

MarketBeat reported on October 20, 2026 that the company had posted the second-quarter figures and that the stock traded below its 200-day moving average of USD 16.44. The revenue figure gives the water dispute a material operating context, although the lawsuit's financial outcome will depend on court proceedings.

Three events shape the case

In September 2025, water users faced 136 days without irrigation access, according to coverage cited in Civil Beat on October 16, 2026. On August 14, 2026, Maui Land & Pineapple reported second-quarter revenue of USD 3.70 million and basic earnings per share of minus USD 0.08. On October 14, 2026, TY Management filed the federal lawsuit over water billing.

NYSE valuation stays in view

Maui Land & Pineapple was last at USD 14.23 on the NYSE on October 22, 2026 at 4:00 p.m. ET. Its market capitalization was USD 282.6 million, while its 52-week range was USD 13.84 to USD 19.92 as of the same date.