{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-033663","form_type":"8-K","ticker":"PANL","cik":"0001606909","company_name":"Pangaea Logistics Solutions Ltd.","filed_at":"2026-05-11T21:13:27+00:00","discovered_at":"2026-05-11T21:16:00.334791+00:00","generated_at":"2026-05-11T21:27:20.493012+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Pangaea Q1 GAAP EPS $0.21, adjusted EPS $0.11; TCE rates up 34% YoY","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-033663","json":"https://secwatch.observer/filing/0001628280-26-033663.json","markdown":"https://secwatch.observer/filing/0001628280-26-033663.md","text":"https://secwatch.observer/filing/0001628280-26-033663.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1606909/000162828026033663/0001628280-26-033663-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1606909/000162828026033663/panl-20260511.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-11T21:27:20.493012+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":[{"claim_id":"c9b1a145d26feddcbb7dcbffc01c1e5d00565993","claim":"Pangaea Logistics Solutions Ltd. reported the three months ended March 31, 2026 results: revenue total revenue of $170.6 million, net income GAAP net income attributable to Pangaea of $13.3 million, or $0.21 per share, EPS $0.21 per share.","evidence_excerpt":"per common share For the three months ended March 31, 2026, Pangaea reported non-GAAP adjusted net income of $7.0 million, or $0.11 net income per share, on total revenue of $170.6 million. First quarter TCE rates increased 34% on a year-over-year basis, while total shipping days, which include both voyage and time charter days, increased 14% to 5,947 days. The","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1606909/000162828026033663/0001628280-26-033663-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2026"},{"label":"Revenue","value":"total revenue of $170.6 million"},{"label":"Net income","value":"GAAP net income attributable to Pangaea of $13.3 million, or $0.21 per share"},{"label":"EPS","value":"$0.21 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}