{"schema_version":"secwatch.filing_event.v1","accession":"0001606909-23-000114","form_type":"8-K","ticker":"PANL","cik":"0001606909","company_name":"Pangaea Logistics Solutions Ltd.","filed_at":"2023-08-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.537706+00:00","generated_at":"2026-06-11T22:20:30.006264+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Pangaea Q2 net income $2.8M ($0.06/diluted), revenue $118M; TCE rates down 43% YoY","bullets":["Net income attributable to Pangaea $2.8M ($0.06 diluted); adjusted net income $4.6M ($0.10 diluted).","Revenue $118.1M; TCE rates $15,558/day (-43% YoY); adjusted EBITDA $15.9M (-64% YoY).","Acquired Bulk Prudence (61,000 dwt) for $26.6M cash and port terminal ops in FL and MD.","Declared $0.10/share quarterly dividend, payable Sept 15, record Sept 1.","Q3 guidance: ~3,500 shipping days booked at TCE $16,700/day."],"urls":{"canonical":"https://secwatch.observer/filing/0001606909-23-000114","json":"https://secwatch.observer/filing/0001606909-23-000114.json","markdown":"https://secwatch.observer/filing/0001606909-23-000114.md","text":"https://secwatch.observer/filing/0001606909-23-000114.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1606909/000160690923000114/0001606909-23-000114-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1606909/000160690923000114/panl-20230809.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T22:20:30.006264+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":"4866db1b8c0686f6551e1fef16a608ac4adc5780","claim":"Pangaea Logistics Solutions Ltd. reported three months ended June 30, 2023 results: revenue $118.1 million, net income non-GAAP adjusted net income of $4.6 million, EPS $0.10 per diluted share.","evidence_excerpt":"Net income attributable to Pangaea of $2.8 million, or $0.06 per diluted share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1606909/000160690923000114/0001606909-23-000114-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended June 30, 2023"},{"label":"Revenue","value":"$118.1 million"},{"label":"Net income","value":"non-GAAP adjusted net income of $4.6 million"},{"label":"EPS","value":"$0.10 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"4866db1b8c0686f6551e1fef16a608ac4adc5780","claim":"Pangaea Logistics Solutions Ltd. reported three months ended June 30, 2023 results: revenue $118.1 million, net income non-GAAP adjusted net income of $4.6 million, EPS $0.10 per diluted share.","evidence_excerpt":"Pangaea reported non-GAAP adjusted net income of $4.6 million, or $0.10 per diluted share, on total revenue of $118.1 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1606909/000160690923000114/0001606909-23-000114-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended June 30, 2023"},{"label":"Revenue","value":"$118.1 million"},{"label":"Net income","value":"non-GAAP adjusted net income of $4.6 million"},{"label":"EPS","value":"$0.10 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"}