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
NASDAQ

Employees

170
Headquarters
Newport, United States
Website
www.pangaeals.com

PANL Metrics

BasicAdvanced
$343M
32.58
$0.16
0.76
$0.35
3.81%

What the Analysts think about PANL

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

Bulls say / Bears say

The December 2024 purchase of fifteen handysize vessels from Strategic Shipping Inc. increased Pangaea’s owned fleet to 41 ships, leading to a 41% jump in total shipping days and a 17% rise in Q1 2025 revenues to $122.8 million (SEC 10-Q)
Pangaea generated TCE rates of $11,390 per day in Q1 (33% above Baltic benchmarks) and $12,108 per day in Q2 (17% above benchmarks), underscoring the benefits of its specialized fleet, multi-year COAs, and cargo-driven strategy (SEC 10-Q (SEC 10-Q)
In May 2025, Pangaea’s Board approved a $15 million share buyback (representing 5.6% of its market cap) and kept a $0.05 quarterly dividend, demonstrating leadership’s confidence in the company’s long-term prospects (PR Newswire)
Pangaea posted a net loss of $2.0 million in Q1 2025 and a net loss of $2.7 million in Q2 2025, after being profitable the previous year, highlighting difficulties in turning volume gains into earnings (SEC 10-Q (SEC 10-Q)
Pangaea’s average Time Charter Equivalent (TCE) rate dropped 36% year-over-year to $11,390 per day in Q1 and 25% to $12,108 per day in Q2, showing the company remains sensitive to swings in dry bulk market rates even as it focuses on cargo (SEC 10-Q (SEC 10-Q)
At March 31, 2025, Pangaea had $390.8 million in total debt (including finance leases) and $223.4 million in net financing obligations, raising leverage and interest servicing risks as cash generation deteriorates (PR Newswire)
Data summarised monthly by Lightyear AI. Last updated on 1 Sept 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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Sept15
Pangaea Logistics
DividendPayment
$0.05Per share
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