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Pangaea Logistics Solutions (PANL)
NASDAQ:PANL
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.16Last Year’s EPS
0.16Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: -14.59%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strategic fleet expansion and strong TCE rate performance, with an emphasis on maintaining a stable dividend payout. However, it also reflected challenges with decreased adjusted EBITDA, reduced net income, and increased charter hire expenses. Despite these challenges, the company's strategic moves and strong cash position indicate a balanced outlook.Company Guidance
During the third quarter of 2024 earnings call for Pangaea Logistics Solutions, the company provided guidance reflecting a strategic focus on fleet expansion and operational efficiency. The merger with M.T. Maritime, bringing 15 handysize dry bulk vessels into Pangaea’s fleet, is expected to enhance net asset value and adjusted EBITDA, with the transaction anticipated to close by year-end. Pangaea reported a third-quarter adjusted net income of $11.1 million and adjusted EBITDA of $23.9 million, despite a $4 million decline compared to the previous year due to reduced market volatility. The company observed a 19% premium in TCE rates over the market average, driven by full utilization of its ice-class fleet amid strong Arctic trade demand. Looking forward, Pangaea expects typical seasonal slowing in dry bulk demand for Q4, with 3,378 shipping days already booked at a TCE of $16,629 per day. The company remains committed to a balanced capital allocation strategy, focusing on fleet expansion, debt repayment, and maintaining a stable quarterly cash dividend.Fleet Expansion and Strategic Acquisitions
Entered into an agreement to merge 15 handysize dry bulk vessels into the fleet, increasing the total number to 41 ships. Acquired the remaining 50% interest in post-panamax ice class vessels, expanding the fleet to 26 owned ships.
TCE Rate Premium
Achieved TCE rates approximately 19% above the average market rates for the period, driven by strong fleet utilization within Arctic trade routes.
Strong Cash Flow and Financial Position
Total cash from operations increased by $12.1 million year-over-year to $28.5 million. Maintained $93.1 million in cash and a net debt to adjusted EBITDA ratio of 2.5x.
Dividend Sustainability
Committed to maintaining a stable quarterly cash dividend, supported by consistent business performance.
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PANL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PANL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $6.65 | $6.19 | -6.92% |
| Aug 08, 2024 | $6.33 | $6.25 | -1.26% |
| May 09, 2024 | $7.42 | $7.22 | -2.70% |
| Mar 13, 2024 | $7.92 | $6.69 | -15.53% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Pangaea Logistics Solutions (PANL) report earnings?
Pangaea Logistics Solutions (PANL) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Pangaea Logistics Solutions (PANL) earnings time?
Pangaea Logistics Solutions (PANL) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PANL EPS forecast?
PANL EPS forecast for the fiscal quarter 2024 (Q4) is 0.16.
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