earnings
confidence high
sentiment positive
materiality 0.75
Pangaea Q3 adj. EPS $0.17, TCE $15,559/day, adjusted EBITDA $28.9M (+20% YoY)
Pangaea Logistics Solutions Ltd.
2025-Q3 EPS
reported $0.12
vs consensus $0.07
▲ beat
(+81.0%)
- GAAP net income $12.2M ($0.19/sh), adjusted net income $11.2M ($0.17/sh); revenue $168.7M.
- TCE rates $15,559/day, down 5% YoY but exceeded Baltic Panamax/Supramax/Handysize indices by 10%.
- Adjusted EBITDA $28.9M, up 20.3% YoY; margin improved to 17.1% from 15.7%.
- Declared $0.05/share quarterly dividend payable Dec 15, record Dec 1.
- Sold Strategic Endeavor for $7.7M; agreed to sell Bulk Freedom for $9.6M (expected Q4).