{"schema_version":"secwatch.filing_event.v1","accession":"0001606909-25-000137","form_type":"8-K","ticker":"PANL","cik":"0001606909","company_name":"Pangaea Logistics Solutions Ltd.","filed_at":"2025-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.476432+00:00","generated_at":"2026-05-17T17:37:48.622336+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Pangaea Q2 net loss $2.7M (adj. loss $0.02/shr) on $156.7M revenue; TCE rates fall 25% YoY","bullets":["Net loss $2.7M ($0.04/shr) vs. net income $3.7M ($0.08/shr) in Q2 2024; adjusted net loss $1.4M ($0.02/shr).","Revenue $156.7M, up 19% YoY, driven by 51% increase in shipping days to 6,222 from handysize fleet acquisition.","TCE rate $12,108/day, down 25% YoY; Adjusted EBITDA $15.3M, down 4.1% YoY; margin 9.8% vs 12.1%.","Declared $0.05/shr dividend (payable Sept 15, record Sept 2) and repurchased 202,822 shares in Q2.","Sold Strategic Endeavor for $7.7M (closed July 2025) and bought remaining 49% of Seamar Management for $2.7M."],"urls":{"canonical":"https://secwatch.observer/filing/0001606909-25-000137","json":"https://secwatch.observer/filing/0001606909-25-000137.json","markdown":"https://secwatch.observer/filing/0001606909-25-000137.md","text":"https://secwatch.observer/filing/0001606909-25-000137.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1606909/000160690925000137/0001606909-25-000137-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1606909/000160690925000137/panl-20250807.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T17:37:48.622336+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"}