{"schema_version":"secwatch.filing_event.v1","accession":"0001606909-24-000070","form_type":"8-K","ticker":"PANL","cik":"0001606909","company_name":"Pangaea Logistics Solutions Ltd.","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.231322+00:00","generated_at":"2026-06-02T06:04:33.635919+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Pangaea Q1 net income $11.7M, adj. EPS $0.14; TCE rates up 23%; acquires two vessels for $56.6M","bullets":["Q1 net income $11.7M ($0.25 diluted); adjusted net income $6.6M ($0.14 diluted); total revenue $104.7M.","TCE rate $17,697/day, up 23% YoY; exceeded Baltic Panamax/Supramax indices by 29%.","Adjusted EBITDA $19.9M, up 23% YoY; margin 19.0% vs 14.3%.","Acquired two 58,000 dwt bulk vessels for $56.6M; delivery expected Q3 2024.","Declared $0.10/share quarterly dividend payable June 13, 2024; record May 30, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001606909-24-000070","json":"https://secwatch.observer/filing/0001606909-24-000070.json","markdown":"https://secwatch.observer/filing/0001606909-24-000070.md","text":"https://secwatch.observer/filing/0001606909-24-000070.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1606909/000160690924000070/0001606909-24-000070-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1606909/000160690924000070/panl-20240509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T06:04:33.635919+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":"1190fe674c5bea272dd7f2515fc9782dda159ef1","claim":"Pangaea Logistics Solutions Ltd. reported three months ended March 31, 2024 results: revenue $104.7 million, net income $11.7 million, EPS $0.25 per diluted share.","evidence_excerpt":"million in May 2024 For the first quarter ended March 31, 2024, Pangaea reported non-GAAP adjusted net income of $6.6 million, or $0.14 per diluted share, on total revenue of $104.7 million. First quarter TCE rates increased 23% on a year-over-year basis, while total shipping days, which include both voyage and time charter days, declined 7% to 3,685 days, when","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1606909/000160690924000070/0001606909-24-000070-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2024"},{"label":"Revenue","value":"$104.7 million"},{"label":"Net income","value":"$11.7 million"},{"label":"EPS","value":"$0.25 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"}