NASDAQ$PANL
Pangaea Logistics Solutions Ltd · Q1 2025 earnings
Q1 2025 earnings · · After market close · Investor relations
Briefing
Pangaea Logistics Solutions Ltd. reported a net loss of $2.0 million for the first quarter of 2025, with total revenue of $122.8 million.
Pangaea Logistics Solutions Ltd. experienced a net loss in Q1 2025, primarily due to decreased market freight and time charter hire rates, despite an increase in shipping days due to the acquisition of handy-sized vessels.
- Net loss attributable to Pangaea was $2.0 million, or $0.03 per share.
- Total revenue for the quarter was $122.8 million.
- Adjusted EBITDA decreased by 24.2% to $14.8 million.
- The company's TCE rates were $11,390 per day, a 36% decrease year-over-year, but exceeded benchmark indices by 33%.
Headline financials
Revenue & EPS history
Pangaea · Revenue · Quarterly
$123M
Revenue by segment
Pangaea · $136M total across 3 segments · Q3 2023
- Voyage Revenue$128M-26.2%94.3%
- Terminal & Stevedore Revenue$3.93M—2.9%
- Charter Revenue$3.8M-66.4%2.8%
Forward guidance
Pangaea Logistics Solutions Ltd. is focused on integrating its newly acquired Handysize fleet, expanding terminal operations, and maintaining a disciplined capital allocation strategy, including a new share repurchase program.
Tailwinds
- Integration of the Handysize fleet is progressing, expected to unlock operational efficiencies.
- Advancing terminal operations expansion at the Port of Tampa, anticipated completion in H2 2025.
- Board authorized a new $15 million share repurchase program, representing 5.6% of market capitalization.
- Company maintains a cargo-focused strategy and long-term contracts, supporting premium TCE rates.
- Demand for core dry bulk commodities has remained resilient, and trade routes largely insulated from tariffs.
Headwinds
- Uncertainty and volatility continue to characterize the global trade environment.
- Market freight and time charter hire rates decreased, impacting TCE earnings.
- The dry bulk market is navigating uncharted waters.
- The company's decision to repurchase shares will depend on various factors, including capital needs and market conditions.
- Revised U.S. Trade Representative proposals on port fees will not negatively impact fleet operations, but general trade policy dynamics could introduce volatility.
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 2025
-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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