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
Primary listing

Industry

Marine Transportation

Employees

170

ISIN

BMG6891L1054

PANL Metrics

BasicAdvanced
$317M
15.85
$0.30
0.62
$0.35
4.14%

What the Analysts think about PANL

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

Bulls say / Bears say

Pangaea Logistics Solutions completed a merger with Strategic Shipping Inc., adding 15 handy-size dry bulk vessels valued at approximately $271 million, expanding its fleet to 41 vessels and enhancing operational leverage. (prnewswire.com)
In Q3 2024, Pangaea reported a net income of $5.1 million and an adjusted EBITDA of $23.9 million, with TCE rates exceeding the average Baltic Panamax and Supramax indices by 19%, indicating strong financial performance. (finance.yahoo.com)
The company's debt-to-equity ratio stands at 24%, with an interest coverage ratio of 3.7x, reflecting a solid financial position and manageable debt levels. (simplywall.st)
Pangaea's full-year 2023 revenue declined by 29% to $499.3 million, with net income dropping 67% to $26.3 million, indicating significant financial challenges. (simplywall.st)
The company's Altman Z-score is 1.9, placing it in the 'grey zone' and suggesting potential financial stress. (gurufocus.com)
StockNews.com downgraded Pangaea Logistics Solutions from a 'buy' to a 'hold' rating, reflecting concerns about the company's future performance. (defenseworld.net)
Data summarised monthly by Lightyear AI. Last updated on 8 Jun 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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