{"schema_version":"secwatch.filing_event.v1","accession":"0001606909-23-000040","form_type":"8-K","ticker":"PANL","cik":"0001606909","company_name":"Pangaea Logistics Solutions Ltd.","filed_at":"2023-03-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.811548+00:00","generated_at":"2026-06-18T02:02:47.512937+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 Logistics reports record FY2022 results; Q4 net income flat, adjusted EPS down 43% YoY","bullets":["Full-year 2022 net income $79.5M ($1.76 diluted) up 17% YoY; adjusted net income $82.1M ($1.82 diluted) up 29%.","Q4 2022 revenue $127.9M (down 45% YoY); adjusted EBITDA $26.9M (down 29%); TCE $20,023/day, 41% premium over market.","Q4 adjusted EPS $0.32 vs $0.56 prior year, decline of 43%; net income flat at $15.5M.","Ended 2022 with $128.4M cash; net debt/EBITDA 1.25x; declared $0.10 quarterly dividend paid March 15.","Sold m/v Bulk Newport for $9.2M in Q1 2023; Q1-to-date TCE booked at $15,065/day for 3,970 ship days."],"urls":{"canonical":"https://secwatch.observer/filing/0001606909-23-000040","json":"https://secwatch.observer/filing/0001606909-23-000040.json","markdown":"https://secwatch.observer/filing/0001606909-23-000040.md","text":"https://secwatch.observer/filing/0001606909-23-000040.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1606909/000160690923000040/0001606909-23-000040-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1606909/000160690923000040/panl-20230315.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T02:02:47.512937+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}