{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-055346","form_type":"8-K","ticker":"PANL","cik":"0001606909","company_name":"Pangaea Logistics Solutions Ltd.","filed_at":"2026-08-10T21:12:18+00:00","discovered_at":"2026-08-10T21:14:12.234464+00:00","generated_at":"2026-08-10T21:14:20.474016+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 Q2 2026: GAAP EPS $0.16, adjusted $0.26; TCE up 50% YoY","bullets":["Revenue $187.1M (Q2 2025: $156.7M); GAAP net income $10.2M vs. loss $2.7M; adjusted net income $16.9M vs. loss $1.4M.","Adjusted EBITDA $35.0M, +125.1% YoY; margin 18.7% vs. 9.8%; TCE $18,153/day, 10% above Baltic Panamax/Supramax/Handysize indices.","Declared $0.10/share dividend, payable Sept 15, 2026 to holders of record Sept 1, 2026.","Sold 2006-built Bulk Xaymaca for $9.6M in Q2; started Port Tampa Bay operations during the quarter.","Q3-to-date: 4,873 shipping days at average TCE $20,258/day; cash $105.7M, net debt/EBITDA 2.1x."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-055346","json":"https://secwatch.observer/filing/0001628280-26-055346.json","markdown":"https://secwatch.observer/filing/0001628280-26-055346.md","text":"https://secwatch.observer/filing/0001628280-26-055346.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1606909/000162828026055346/0001628280-26-055346-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1606909/000162828026055346/panl-20260810.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-10T21:14:20.474016+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"}