NASDAQ$PANL
Pangaea Logistics Solutions Ltd · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Pangaea Logistics Solutions Ltd. reported a net loss for the quarter ended March 31, 2020, but total revenue increased due to higher shipping days.
Pangaea Logistics Solutions Ltd. reported a net loss of $6.8 million for the quarter ended March 31, 2020, compared to a net income of $3.7 million for the same period in 2019. However, total revenue increased to $95.9 million from $79.5 million in the prior year, driven by a 16% increase in shipping days.
- Net loss attributable to Pangaea Logistics Solutions Ltd. was $6.8 million.
- Non-GAAP adjusted net loss attributable to Pangaea Logistics Solutions Ltd. was $4.0 million.
- Total revenue increased to $95.9 million.
- Pangaea's TCE rates were $10,508.
Headline financials
Revenue & EPS history
Pangaea · Revenue · Quarterly
$95.9M
Revenue by segment
Pangaea · $95.9M total across 2 segments · Q1 2020
- Voyage Revenue$86.5M—90.2%
- Charter Revenue$9.36M—9.8%
Forward guidance
Pangaea is taking steps to solidify the business and stands ready to expand when opportunities are uncovered. The company will take advantage of opportunities when they arise and expand the business in traditional ship operations and non-traditional ship service.
Tailwinds
- Balanced fleet by redelivering vessels to their owners on schedule.
- Chartered-in new tonnage at a lower cost to match cargo requirements.
- Continue to take steps to solidify business.
- Stand ready to expand when opportunities are uncovered.
- Working on the home front to support communities through donations.
Headwinds
- Dry bulk shipping market was weak.
- Move to more expensive IMO 2020 compliant fuel increased bunker expenses.
- Disruptions caused by the coronavirus global pandemic added to these challenges.
- Unprecedented volatility of oil markets created a $2.9 million unrealized mark-to-market loss on fuel hedges.
- Practice remains steadfast in the face of disruptions by limiting downside risks and avoiding speculation.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2020
-0.7%
Avg return
Earnings day
+0.3%
Avg return
5 days after
-0.8%
Avg return
30 days after
45%
22 / 49 earnings
Positive
+36.9%
Q1 2014
Best reaction
-19.1%
Q3 2014
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.2% | +4.3% | — | |
| Q4 2025 | -13.5% | -16.6% | -12.7% | |
| Q3 2025 | +18.1% | +30.8% | +45.2% | |
| Q1 2025 | +0.9% | +1.1% | +6.2% | |
| Q4 2024 | +12.2% | +13.6% | -11.2% | |
| Q3 2024 | -6.5% | -6.5% | -20.9% | |
| Q2 2024 | -0.5% | -0.8% | -4.3% | |
| Q1 2024 | -1.6% | +3.0% | +1.7% | |
| Q4 2023 | -16.3% | -19.3% | -19.9% | |
| Q3 2023 | +5.1% | +8.1% | +15.7% | |
| Q2 2023 | -12.0% | -14.7% | -23.4% | |
| Q1 2023 | +1.2% | +1.5% | +3.0% | |
| Q4 2022 | -7.4% | -15.8% | -0.2% | |
| Q3 2022 | -4.7% | -1.6% | -4.7% | |
| Q2 2022 | +9.9% | +12.1% | -4.6% | |
| Q1 2022 | +9.3% | +7.7% | +22.0% | |
| Q4 2021 | -3.3% | +4.3% | -3.0% | |
| Q3 2021 | +5.2% | -0.7% | -11.1% | |
| Q2 2021 | +0.6% | -4.9% | +8.9% | |
| Q1 2021 | -8.6% | -2.6% | +7.3% | |
| Q4 2020 | +5.9% | +4.3% | -9.3% | |
| Q3 2020 | -11.8% | -12.1% | -14.4% | |
| Q2 2020 | -3.1% | -5.5% | -15.7% | |
| Q1 2020 | -10.4% | -13.9% | -0.4% | |
| Q4 2019 | +7.6% | +12.4% | +17.6% | |
| Q3 2019 | -6.0% | -4.2% | -9.0% | |
| Q2 2019 | -3.5% | -9.3% | -6.3% | |
| Q1 2019 | +0.6% | -0.9% | -4.6% | |
| Q4 2018 | -3.3% | -6.2% | +2.4% | |
| Q3 2018 | +0.9% | -1.2% | -10.9% | |
| Q2 2018 | +7.1% | +4.8% | +3.9% | |
| Q1 2018 | +1.8% | +4.5% | -2.4% | |
| Q4 2017 | +1.7% | +0.3% | +10.0% | |
| Q3 2017 | +22.3% | +16.8% | -4.8% | |
| Q2 2017 | +0.8% | -3.5% | +2.7% | |
| Q1 2017 | +4.0% | +3.7% | -4.6% | |
| Q4 2016 | -2.1% | -1.8% | -2.9% | |
| Q3 2016 | +0.0% | +17.6% | +23.9% | |
| Q2 2016 | +1.7% | +1.3% | +1.3% | |
| Q1 2016 | -5.9% | — | — | |
| Q4 2015 | -1.7% | — | — | |
| Q3 2015 | +0.7% | — | — | |
| Q2 2015 | -2.4% | — | — | |
| Q1 2014 | +36.9% | — | — | |
| Q2 2014 | -2.9% | — | — | |
| Q4 2014 | -2.9% | — | — | |
| Q3 2014 | -19.1% | — | — | |
| Q3 2013 | -19.1% | — | — | |
| Q4 2013 | -19.1% | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
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