---
schema_version: "secwatch.filing_event.v1"
accession: "0001606909-24-000085"
form_type: "8-K"
ticker: "PANL"
cik: "0001606909"
company_name: "Pangaea Logistics Solutions Ltd."
filed_at: "2024-08-08T23:59:59+00:00"
generated_at: "2026-05-31T10:56:58.812858+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Pangaea Q2 net income $3.7M ($0.08/diluted); revenue $131.5M; dividend $0.10

## Summary
- Net income attributable to Pangaea $3.7M ($0.08 diluted); adjusted net income $4.6M ($0.10 diluted).
- Revenue $131.5M; TCE rates $16,223/day, up 4% YoY; shipping days up 2% to 4,117.
- Adjusted EBITDA $15.9M flat YoY; margin 12.1% vs 13.5% prior year; net debt/EBITDA 2.1x.
- Declared quarterly dividend $0.10/share, payable Sept 16, 2024, record Sept 2.
- Acquired two 2016-built vessels for $56.6M; owned fleet expands to 26; booked 3,298 Q3 days at $17,978/day TCE.

## SEC filing metadata
- accession: 0001606909-24-000085
- form_type: 8-K
- ticker: PANL
- cik: 0001606909
- company_name: Pangaea Logistics Solutions Ltd.
- filed_at: 2024-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1606909/000160690924000085/0001606909-24-000085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1606909/000160690924000085/panl-20240808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001606909-24-000085
- JSON: https://secwatch.observer/filing/0001606909-24-000085.json
- Plain text: https://secwatch.observer/filing/0001606909-24-000085.txt

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