secwatch.observer — SEC 8-K summary
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Issuer:     Pangaea Logistics Solutions Ltd. (PANL)
CIK:        0001606909
Form:       8-K
Filed at:   2026-05-11T21:13:27+00:00
Accession:  0001628280-26-033663
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606909/000162828026033663/0001628280-26-033663-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606909/000162828026033663/panl-20260511.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-033663

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer