{"schema_version":"secwatch.filing_event.v1","accession":"0001606909-25-000157","form_type":"8-K","ticker":"PANL","cik":"0001606909","company_name":"Pangaea Logistics Solutions Ltd.","filed_at":"2025-11-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.907130+00:00","generated_at":"2026-05-16T23:42:57.173927+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Pangaea Q3 adj. EPS $0.17, TCE $15,559/day, adjusted EBITDA $28.9M (+20% YoY)","bullets":["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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001606909-25-000157","json":"https://secwatch.observer/filing/0001606909-25-000157.json","markdown":"https://secwatch.observer/filing/0001606909-25-000157.md","text":"https://secwatch.observer/filing/0001606909-25-000157.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1606909/000160690925000157/0001606909-25-000157-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1606909/000160690925000157/panl-20251106.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T23:42:57.173927+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"}