Pangaea Logistics Solution Ltd Stock Price, News & Analysis

Pangaea Logistics Solutions (NASDAQ:PANL) reported Q2 2025 financial results, posting a GAAP net loss of $2.7 million ($0.04 per share) on revenue of $156.7 million. The company's Time Charter Equivalent (TCE) rates were $12,108 per day, exceeding industry benchmarks by 17%, despite a 25% year-over-year decrease.

Key operational highlights include a 51% increase in shipping days to 6,222, primarily due to the acquisition of fifteen handy-sized vessels in Q4 2024. The company maintained $59.3 million in cash with total debt of $379.7 million. Strategic moves include selling the Strategic Endeavor for $7.7 million and acquiring the remaining 49% of Seamar Management for $2.7 million.

The company declared a quarterly dividend of $0.05 per share and continued its share repurchase program, buying back 202,822 shares during the quarter.

Pangaea Logistics Solutions (Nasdaq: PANL), a global maritime logistics solutions provider, has scheduled its second quarter 2025 earnings conference call. The company will release Q2 2025 results after market close on Thursday, August 7, 2025, followed by a conference call on Friday, August 8, 2025 at 8:00 a.m. ET.

The conference call will include a Q&A session and presentation materials, which will be available through the SEC filing and the company's investor relations website. Participants can join using domestic (1-833-316-1983) or international (1-785-838-9310) dial-in numbers with Conference ID PANLQ225. A replay will be available through August 15, 2025.

Pangaea Logistics Solutions (NASDAQ: PANL) reported Q1 2025 financial results, posting a net loss of $2.0 million ($0.03 per share) on revenue of $122.8 million. The company's Time Charter Equivalent (TCE) rates were $11,390 per day, exceeding industry benchmarks by 33% despite a 36% year-over-year decrease. Total shipping days increased 41% to 5,210 days following the acquisition of fifteen handy-sized vessels. Adjusted EBITDA declined 24.2% to $14.8 million. The company announced a $15 million share repurchase program and declared a quarterly dividend of $0.05 per share. As of March 31, 2025, Pangaea had $63.9 million in cash and $390.8 million in total debt. The company continues to focus on fleet integration and infrastructure investment at the Port of Tampa, while maintaining its cargo-focused strategy despite market volatility.

Pangaea Logistics Solutions (NASDAQ: PANL), a global maritime logistics solutions provider, has scheduled its first quarter 2025 earnings release and conference call. The company will release Q1 2025 financial results after market close on Monday, May 12, 2025. A conference call to discuss the results will be held on Tuesday, May 13, 2025, at 8:00 a.m. ET, featuring a Q&A session and presentation materials that will be available on the company's website and SEC filings.

The conference call can be accessed via domestic line (1-800-343-4136) or international line (1-203-518-9843) using Conference ID: PANLQ125. A replay will be available through May 20, 2025, accessible via domestic (1-888-215-1487) and international (1-402-220-4938) numbers.

Pangaea Logistics Solutions (NASDAQ: PANL) reported its Q4 and full-year 2024 financial results. In Q4, the company achieved net income of $8.4 million ($0.18 per share) and Adjusted EBITDA of $23.2 million, with operating cash flow of $19.3 million.

Key Q4 metrics include TCE rates of $15,942 per day, exceeding industry benchmarks by 48%. Total shipping days increased 17% to 4,800 days, though TCE rates decreased 10% year-over-year. The company completed acquisition of fifteen handy-size dry bulk vessels from Strategic Shipping Inc.

For full-year 2024, Pangaea reported:

• Net income of $28.9 million ($0.63 per share)
• Operating cash flow of $65.7 million
• Adjusted EBITDA of $83.0 million
• TCE rates of $16,485 per day, beating market indices by 24%

As of December 31, 2024, the company held $86.8 million in cash and total debt of $401.8 million. The company paid $18.7 million in dividends during 2024.

Pangaea Logistics Solutions (Nasdaq: PANL), a global maritime logistics solutions provider, has scheduled its fourth quarter and full year 2024 earnings announcement and conference call. The company will release its financial results after market close on Thursday, March 13, 2025.

A conference call to discuss the results is scheduled for Friday, March 14, 2025, at 8:00 a.m. ET. The call will include a Q&A session and will be supported by presentation materials, which will be accessible through the company's SEC filing and in the Investor Relations section of Pangaea's website. The conference call replay will be available until March 21, 2025.

Pangaea Logistics Solutions (NASDAQ: PANL), a global maritime logistics solutions provider, has announced a quarterly cash dividend of $0.10 per common share. The dividend will be paid on March 14, 2025 to shareholders of record as of February 28, 2025. This announcement comes from the company's Board of Directors as part of their regular dividend distribution program.

Pangaea Logistics Solutions (Nasdaq: PANL) has completed its merger with Strategic Shipping Inc. (SSI), combining their dry-bulk fleets. The transaction, approved by shareholders on December 30, 2024, involved Pangaea issuing 18,059,342 shares of common stock to SSI, representing approximately 27.6% of the company's outstanding shares. The deal included fifteen handy-size vessels from SSI valued at $271 million, with Pangaea assuming $100 million in vessel-related financing, resulting in a net asset value of $171 million.

Following the merger, Pangaea's owned fleet has expanded to 41 ships ranging from handy to post-Panamax sizes. CEO Mark Filanowski highlighted that the expanded fleet will provide new offerings to existing and new clients, complementing their growing terminal operations and enhancing their dry bulk logistics capabilities. The company aims to grow its cargo base and chartered-in ship operations to maximize efficiencies through position arbitrage against their cargo book.

Pangaea Logistics Solutions reported Q3 2024 financial results with net income of $5.1 million ($0.11 per diluted share) and adjusted net income of $11.1 million ($0.24 per diluted share). Revenue totaled $153.1 million with operating cash flow of $28.5 million. The company's Time Charter Equivalent rate was $16,324 per day, exceeding market indices by 19%. Total Adjusted EBITDA decreased 14.2% to $23.9 million compared to prior year. The company expanded its fleet to 26 vessels with two new acquisitions and announced a merger agreement to add 15 dry bulk vessels. A quarterly dividend of $0.10 per share was declared.