Earnings summaries and quarterly performance for Pangaea Logistics Solutions.
Executive leadership at Pangaea Logistics Solutions.
Board of directors at Pangaea Logistics Solutions.
Research analysts who have asked questions during Pangaea Logistics Solutions earnings calls.
Liam Burke
B. Riley Financial
3 questions for PANL
Also covers: ALTG, BWMN, CCEC +22 more
C'
Charles 'Poe' Fratt
AGP
2 questions for PANL
Also covers: KNOP, VTS
Climent Molins
Value Investors
2 questions for PANL
Also covers: CLCO, CMBT, CMRE +11 more
MM
Michael Matheson
Sidoti & Company
2 questions for PANL
Also covers: ARLP, SCWO
CF
Charles Fratt
Alliance Global Partners
1 question for PANL
Also covers: EDRY, ESEA, GNK +5 more
PF
Poe Fratt
Alliance Global Partners
1 question for PANL
Also covers: CYN, DTI, EDRY +13 more
Recent press releases and 8-K filings for PANL.
Pangaea Logistics Solutions Appoints Paul M. Leand, Jr. to Board
PANL
Board Change
- Pangaea Logistics Solutions Ltd. (PANL) announced the appointment of Paul M. Leand, Jr. to its Board of Directors as a Class III director, effective November 28, 2025.
- This appointment was made pursuant to a Cooperation Agreement between Pangaea and Strategic Shipping Inc..
- Strategic Shipping Inc. beneficially owns approximately 29% of Pangaea's common shares.
- The Board's size was increased from nine to ten directors to accommodate Mr. Leand's appointment.
- The Cooperation Agreement includes certain standstill restrictions for Strategic Shipping Inc. until June 30, 2026.
Nov 28, 2025, 9:36 PM
Pangaea Logistics Solutions Reports Strong Q3 2025 Results and Announces CEO Transition
PANL
Earnings
CEO Change
Share Buyback
- Pangaea Logistics Solutions reported Q3 2025 adjusted EBITDA of $28.9 million, a 20% increase year-over-year, with adjusted net income of $11.2 million or $0.17 per diluted share.
- The company achieved TCE rates of $15,559 per day, representing a 10% premium over prevailing market rates, supported by a 22% increase in shipping days year-over-year.
- For Q4 2025, Pangaea has booked 4,210 shipping days at a TCE of $17,107 per day.
- Pangaea expanded its integrated service platform with new port operations, continued its fleet renewal strategy by selling older vessels, and repurchased approximately 600,000 shares for about $3 million while declaring a $0.05 quarterly dividend.
- CEO Marc Filanowski will retire on January 1, 2026, and COO Mads Petersen will succeed him.
Nov 7, 2025, 1:00 PM
Pangaea Logistics Solutions Ltd. Reports Strong Q3 2025 Financial and Operational Results
PANL
Earnings
Dividends
Share Buyback
- Pangaea Logistics Solutions Ltd. reported GAAP net income of $12.2 million, or $0.19 per share, and Adjusted net income of $11.2 million, or $0.17 per share, for the third quarter ended September 30, 2025.
- The company achieved Adjusted EBITDA of $28.9 million, representing a 20.3% increase year-over-year, and generated $28.6 million in operating cash flow.
- Time Charter Equivalent (TCE) rates were $15,559 per day, outperforming the average Baltic Panamax, Supramax, and Handysize indices by 10%, supported by a 22% increase in shipping days.
- As of September 30, 2025, Pangaea maintained $94.0 million in unrestricted cash and cash equivalents and repaid $7.2 million in finance leases and $4.1 million in long-term debt.
- The Board declared a quarterly cash dividend of $0.05 per common share, and the company repurchased $1.0 million of its common stock during the quarter. Additionally, in October 2025, an agreement was made to sell the Bulk Freedom for $9.6 million.
Nov 6, 2025, 9:43 PM
Pangaea Logistics Solutions Ltd. Reports Third Quarter 2025 Financial Results
PANL
Earnings
Dividends
Share Buyback
- Pangaea Logistics Solutions Ltd. reported GAAP net income of $12.2 million, or $0.19 per share, for the three months ended September 30, 2025.
- Adjusted EBITDA increased by 20.3% to $28.9 million on total revenue of $168.7 million for Q3 2025.
- The company declared a quarterly cash dividend of $0.05 per common share and repurchased $1.0 million of its common stock during the third quarter of 2025.
- As of September 30, 2025, Pangaea held $94.0 million in unrestricted cash and had total debt of $386.3 million.
- Pangaea is advancing its fleet renewal strategy, including the sale of the Strategic Endeavor for $7.7 million and an agreement to sell the Bulk Freedom for $9.6 million.
Nov 6, 2025, 9:30 PM
Pangaea Logistics Solutions Ltd. Announces CEO Retirement and Succession Plan
PANL
CEO Change
Management Change
Board Change
- Pangaea Logistics Solutions Ltd. announced on September 17, 2025, that Mark Filanowski will retire as Chief Executive Officer and step down from the Board of Directors, effective January 1, 2026, after eleven years with the company.
- Mads Petersen, the current Chief Operating Officer, has been appointed to succeed Mr. Filanowski as President and Chief Executive Officer, effective January 1, 2026.
- Mr. Petersen, who has been with Pangaea for 16 years and served as Chief Operating Officer since 2022, will also join the company's Board of Directors on January 1, 2026.
Sep 17, 2025, 8:54 PM
Quarterly earnings call transcripts for Pangaea Logistics Solutions.
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