Pangaea Q1 GAAP EPS $0.21, adjusted EPS $0.11; TCE rates up 34% YoY

Pangaea Logistics Solutions Ltd.

2026-Q1 EPS reported $0.21 vs consensus $0.11 ▲ beat (+94.8%)

GAAP net income $13.3M ($0.21/share); adjusted net income $7.0M ($0.11/share).
Revenue $170.6M; Adjusted EBITDA $25.2M (+70% YoY); TCE $15,252/day (+34%).
Declared quarterly dividend $0.05/share, payable June 15, record June 1.
Shipping days up 14% to 5,947; added port ops at Lake Charles & Port Aransas; sold Bulk Xaymaca for $9.6M.

item 2.02item 9.01

Source: SEC EDGAR

accession 0001628280-26-033663

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