Pangaea Logistics/$PANL

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About Pangaea Logistics

Pangaea Logistics Solutions Ltd and its subsidiaries provide seaborne drybulk logistics and transportation services. It transports various drybulk cargoes including grains, coal, iron, ore, pig, iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The company provides ocean transportation services to clients utilizing an ocean-going fleet of motor vessels in the Handymax, Supramax, Ultramax, Panamax, and Post-Panamax segments. Its services include cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management. The company derives all of its revenues from contracts of affreightment, voyage charters and time charters. Geographically, it derives key revenue from the United States, followed by Canada, Germany, and others.

Ticker

$PANL

Sector

Mobility
Primary listing

Employees

170

PANL Metrics

BasicAdvanced
$331M
31.47
$0.16
0.70
$0.30
3.94%

What the Analysts think about PANL

Analyst ratings (Buy, Hold, Sell) for Pangaea Logistics stock.

Bulls say / Bears say

Completed the strategic combination with Strategic Shipping Inc. on January 6, 2025, adding 15 handy-size dry bulk vessels valued at ~$271 million and expanding its owned fleet to 41 vessels, enhancing service capacity and commercial reach (PR Newswire via Stockhouse)
Achieved Q1 2025 Time Charter Equivalent rates of $11,390 per day—33% above the weighted Baltic Panamax, Supramax, and Handysize indices—demonstrating strong pricing power in the dry bulk market (PR Newswire)
Authorized a $15 million share repurchase program in Q1 2025, underscoring management’s confidence in the company’s valuation and commitment to returning capital to shareholders (PR Newswire)
Reported a net loss of $2.0 million (–$0.03 per share) and an adjusted net loss of $2.2 million in Q1 2025, highlighting ongoing profitability challenges (PR Newswire)
Declared a quarterly cash dividend of $0.05 per share in Q1 2025, down from $0.10 in the prior quarter, indicating cash flow constraints and cautious capital allocation (PR Newswire)
Experienced 160 off-hire days due to mandatory dry dockings in Q1 2025, which reduced fleet utilization and weighed on revenue generation (PR Newswire)
Data summarised monthly by Lightyear AI. Last updated on 3 Oct 2025.

PANL Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

PANL Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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