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Pangaea Logistics Solutions PANL Q2 2026 earnings

Reported August 10, 2026 · After market close

Revenue$187.1MMiss by $5.7M
EPS$0.26Beat by $0.02
Revenue estimate$192.8M
EPS estimate$0.24
“Our strong execution, fleet positioning and favorable market conditions combined to generate robust year-over-year growth on both our top and bottom line in the second quarter. Our performance reflects our focus on the positioning of our fleet to enable us to capitalize on back haul opportunities and expand our presence in the Pacific market. While shipping days were down compared to the prior year period, we generated an increase in TCE rates of 50% year-over-year and outperformed market rates by 10%. In our Atlantic markets, we increased our exposure to shorter-term time charters and executed well with our chartered-in business by taking advantage of arbitrage opportunities and efficiently trade our owned vessels, which further enhanced our second quarter financial results.”
Mads Boye Petersen

Next report

Nov 5, 2026 (in 2 months)
Revenue estimate$204.9M
EPS estimate$0.26

Financials

Q2 2026

Income statement

See full
Revenue$187.1M+19.4%
Operating income$21.3M+484%
Net income$10.2M+472%
EPS (diluted)$0.16+500%

Balance sheet

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Cash & equivalents$105.7M+78.3%
Total debt$48.8M+21.4%
Total equity$448.6M+8.3%
Total assets$956.7M+4.4%

Cash flow

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Operating cash flow$21.4M+48.6%

Valuation & ratios

Valuation

as of 09/17/26
See full
Market cap$542.12M+48.9%
Enterprise value$485.27M+40.6%
P/E11.4×-29.9×
P/S0.8×+0.1×

Profitability

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Operating margin9.3%+3.0pp
Net margin6.7%+5.2pp

Returns & leverage

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Return on equity11%+8.7pp
Debt / equity0.1×0.0×
Current ratio1.4×-0.1×

Segments

By product

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operating segment$171.7M+17.4%
Voyage revenue$171.7M+17.4%
Charter revenue$11.5M+67.4%
Port terminal & stevedore revenue$4.0M+10.7%

By segment

See full
Shipping$183.2M+16.9%

FAQ

When did Pangaea Logistics Solutions report Q2 2026 earnings?
Pangaea Logistics Solutions (PANL) reported Q2 2026 earnings on August 10, 2026 after market close.
What were Pangaea Logistics Solutions's Q2 2026 revenue and EPS?
Pangaea Logistics Solutions reported revenue of $187.1M and eps of $0.26 for Q2 2026.
Did Pangaea Logistics Solutions beat estimates in Q2 2026?
Revenue missed the consensus estimate of $192.8M by $5.7M. EPS beat the consensus estimate of $0.24 by $0.02.
How did Pangaea Logistics Solutions's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 19.4% from $156.7M a year earlier.
Where can I find Pangaea Logistics Solutions's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-055346) and the 10-Q periodic report (0001628280-26-055365) directly on SEC EDGAR. The filing index links above go to sec.gov.