Pangaea Logistics Solutions Ltd. (PANL)
NASDAQ:PANL
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.32Last Year’s EPS
-0.02Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple operational and financial positives: strong adjusted EBITDA (+>$10M YoY to $25.2M), TCE rates materially above market (20% premium) and 34% TCE earnings growth, expansion of higher-margin terminal services, and disciplined fleet renewal actions. Offsetting these positives were notable cost pressures—charter hire expenses up 122% and G&A up 38%—along with incremental depreciation, modest per-day vessel cost increases, and earnings volatility tied to fuel hedging. Management signaled continued momentum into the seasonally stronger period with Q2 bookings and maintained balance sheet flexibility. Overall, the highlights outweigh the lowlights, though investors should monitor charter costs, G&A trajectory, and hedging-driven volatility.Company Guidance
Strong Adjusted EBITDA Growth
Adjusted EBITDA rose to $25.2 million in Q1, an increase of more than $10 million year-over-year, driven by higher activity and operating leverage.
TCE Premium and Earnings Growth
First-quarter TCE rates averaged $15,252 per day, a 20% premium over published Panamax/Supramax/Handysize market rates; TCE earnings increased ~34% year-over-year.
Increased Shipping Days and Flexible Capacity
Total shipping days increased 14% year-over-year. Chartered-in fleet increased 54% in the quarter, enabling capture of market opportunities without long-term commitment.
Record Terminal / Stevedoring Contribution and Platform Expansion
Second consecutive quarter of record EBITDA contribution from terminal, stevedoring and port services; operations began in Aransas, TX and Lake Charles, LA, with Tampa, FL expected to begin in June, expanding recurring non-ocean revenue.
Fleet Renewal and Disposition Activity
Agreement to sell Bulk Xaymaca for $9.6 million expected to close in May; finance lease balance for that vessel paid off ($1.3 million) in advance of sale as part of disciplined fleet renewal.
Positive Q2 Bookings (Management Outlook)
Management reported booking visibility into Q2: CEO noted 4,051 shipping days at a TCE of $18,808/day (Q2), and CFO reported bookings to date of 1,550 days at $16,880/day—management indicated Q2 market sentiment remains positive entering seasonally stronger period.
Solid Reported and Adjusted Net Income
GAAP net income for Q1 was $13.3 million ($0.21 per diluted share); adjusted net income (excluding unrealized derivative impacts and other non-GAAP adjustments) was $7.0 million ($0.11 per diluted share).
Balance Sheet Flexibility and Cash Position
CFO reported approximately $90 million of unrestricted cash at quarter end, with total debt including finance leases of ~$359 million; company emphasized balanced capital allocation (growth, fleet modernization, dividends).
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
PANL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 11, 2026 | $7.69 | $8.64 | +12.35% |
Mar 10, 2026 | $8.35 | $7.21 | -13.59% |
Nov 06, 2025 | $4.87 | $5.75 | +18.06% |
Aug 07, 2025 | $4.72 | $4.80 | +1.67% |
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.
FAQ
When does Pangaea Logistics Solutions Ltd. (PANL) report earnings?
Pangaea Logistics Solutions Ltd. (PANL) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Pangaea Logistics Solutions Ltd. (PANL) earnings time?
Pangaea Logistics Solutions Ltd. (PANL) earnings time is at Aug 11, 2026, After Close (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 2026 (Q2) is 0.32.