{"schema_version":"secwatch.filing_event.v1","accession":"0001606909-22-000097","form_type":"8-K","ticker":"PANL","cik":"0001606909","company_name":"Pangaea Logistics Solutions Ltd.","filed_at":"2022-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.389895+00:00","generated_at":"2026-06-22T01:19:27.659832+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Pangaea Q3 GAAP EPS $0.42 (-30% y/y), adjusted $0.52 (+8%); revenue $184.5M","bullets":["GAAP net income $18.8M ($0.42 diluted EPS) vs $27.0M ($0.60) in Q3 2021.","Adjusted net income $23.3M ($0.52 diluted EPS), up 8% y/y; Adjusted EBITDA $38.5M, up 14%.","TCE rate $24,107/day (-16% y/y) but 41% above benchmark Baltic Panamax/Supramax indices.","Cash $117.9M (up $68.8M y/y); net debt/EBITDA 1.2x; declared $0.10 dividend payable Dec 15.","Acquired supramax Bulk Sachuest for $16.6M; owned fleet now 25 vessels, operates ~55 total."],"urls":{"canonical":"https://secwatch.observer/filing/0001606909-22-000097","json":"https://secwatch.observer/filing/0001606909-22-000097.json","markdown":"https://secwatch.observer/filing/0001606909-22-000097.md","text":"https://secwatch.observer/filing/0001606909-22-000097.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1606909/000160690922000097/0001606909-22-000097-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1606909/000160690922000097/panl-20221109.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T01:19:27.659832+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6c47be433fd92ad4422ce6d68065cbdbbc4e717e","claim":"Pangaea Logistics Solutions Ltd. reported three months ended September 30, 2022 results: revenue $184.5 million, net income $18.8 million, EPS $0.42 per diluted share.","evidence_excerpt":"its results for the three months ended September 30, 2022. THIRD QUARTER 2022 RESULTS (As compared to the Third Quarter 2021) • Total revenue decreased 13% year over year to $184.5 million; voyage revenue decreased 7% year over year • Net income attributable to Pangaea of $18.8 million, or $0.42 per diluted share, a decline of 30% y/y - Adjusted net income","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1606909/000160690922000097/0001606909-22-000097-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended September 30, 2022"},{"label":"Revenue","value":"$184.5 million"},{"label":"Net income","value":"$18.8 million"},{"label":"EPS","value":"$0.42 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}