PANGAEA LOG.SOL. DL-,0001

Pangaea Logistics reported adjusted EPS of $0.26 for Q2 (expectation $0.32) and revenue of $187.12 million (expectation $200.84 million), missing the main metrics. Adjusted EBITDA rose to $35 million (+133% year‑on‑year) and the average TCE rate was $18,153/day, 50% above the prior year and 10% above market indices. The company raised the quarterly dividend to $0.10, reported strong Q3 bookings and expects seasonal support in H2, but also cited higher charter costs, rising G&A expenses and about $14 million in drydock costs. Pangaea has $105 million of available cash against roughly $350 million of total debt; the stock fell on the results but recovered slightly in after‑hours trading. » Plus sur de.investing.com

Pangaea reported an adjusted EBITDA of USD 25.2 million in the first quarter of 2026, a 70% increase year‑over‑year, driven by the seasonal Arctic business and higher TCE rates. GAAP net income was USD 13.3 million (USD 0.21 per share), adjusted net income was USD 7.0 million (USD 0.11 per share), and operating cash flow turned positive to USD 4.5 million. Revenue rose to USD 170.6 million, while total costs — in particular charter and administrative expenses — increased significantly, prompting investor caution; the stock fell slightly in after‑hours trading. Pangaea holds USD 89.7 million in cash, has a net leverage ratio of 2.4x, pays a quarterly dividend of USD 0.05, and has secured forward bookings with higher TCE rates for Q2. » Plus sur de.investing.com

Pangaea reported Q4 2025 adjusted EBITDA of $28.7m (+23%) on revenue of $183.88m, substantially beating revenue forecasts. Adjusted EPS of $0.16, however, missed the analysts' expectation of $0.22, after which the stock fell about 3.8% premarket. GAAP net income was $11.9m ($0.19/share); cash on hand $103m; net debt $241m; net leverage 2.7x. Management highlighted strong TCE rates and fleet expansion; buybacks are ongoing and the dividend was cut while the payout ratio rose. » Plus sur de.investing.com