---
schema_version: "secwatch.filing_event.v1"
accession: "0001606909-22-000067"
form_type: "8-K"
ticker: "PANL"
cik: "0001606909"
company_name: "Pangaea Logistics Solutions Ltd."
filed_at: "2022-08-09T23:59:59+00:00"
generated_at: "2026-06-24T02:03:27.447055+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pangaea Logistics Q2 2022 net income $25.0M ($0.56/diluted); revenue up 34% YoY to $195.5M

## Summary
- Revenue $195.5M (+34% YoY); adjusted EBITDA $44.2M (+107% YoY).
- TCE rates $27,139/day (+29% YoY); operating cash flow $37.2M (+155% YoY).
- Cash $102.2M (+152% YoY); net debt/adj. EBITDA 1.4x.
- Quarterly dividend $0.075/share payable Sept 15, 2022 to holders of record Sept 1.
- Q3-to-date booked 3,026 days at TCE $25,600/day; ice-class fleet fully deployed.

## SEC filing metadata
- accession: 0001606909-22-000067
- form_type: 8-K
- ticker: PANL
- cik: 0001606909
- company_name: Pangaea Logistics Solutions Ltd.
- filed_at: 2022-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1606909/000160690922000067/0001606909-22-000067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1606909/000160690922000067/panl-20220809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001606909-22-000067
- JSON: https://secwatch.observer/filing/0001606909-22-000067.json
- Plain text: https://secwatch.observer/filing/0001606909-22-000067.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.