NASDAQ$PANL
Pangaea Logistics Solutions Ltd · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Pangaea achieved record financial results due to market levels not seen in over a decade.
Pangaea Logistics Solutions Ltd. reported record-breaking second quarter results with net income of $19.2 million and EPS of $0.44. The company benefited from high market levels and the delivery of new Ice Class Newbuilding vessels.
- Net income attributable to Pangaea Logistics Solutions Ltd. was $19.2 million, compared to $3.0 million for the same period of 2020.
- Diluted net income per share was $0.44, compared to $0.07 for the same period of 2020.
- Pangaea's TCE rates were $21,053, compared to $10,733 for the same period of 2020.
- Adjusted EBITDA was $21.4 million, compared to $10.7 million for the same period of 2020.
Headline financials
Revenue & EPS history
Pangaea · Revenue · Quarterly
$146M
Revenue by segment
Pangaea · $171M total across 3 segments · Q1 2026
- Voyage revenue$152M—89.1%
- Charter revenue$12.4M—7.3%
- Port terminal & stevedore$6.14M—3.6%
Forward guidance
Pangaea is optimistic about the dry bulk market with a historically low order book and a stable demand outlook. The company will continue to be opportunistic in expanding its platform to add value for customers and enhance shareholder value.
Tailwinds
- TCE earnings continue to improve heading into the third quarter.
- Historically low order book in the dry bulk market.
- Stable demand outlook in the dry bulk market.
- Focus on niches to capitalize on market improvements.
- Successful delivery of three second-hand vessels as part of fleet renewal and expansion.
Headwinds
- Impact of timing of pricing and duration of performing voyages in a rapidly rising market.
- Performance of voyages on fixed freight rates from long term contracts of affreightment that are less than spot market rates.
- Fluctuations in charter rates and vessel values.
- Changes in demand for dry bulk shipping capacity.
- Potential disruption of shipping routes due to accidents or political events.
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 Q2 2021
-0.7%
Avg return
Earnings day
+0.3%
Avg return
5 days after
-0.9%
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% | -6.9% | |
| 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% | — | — | |
| Q4 2014 | -2.9% | — | — | |
| Q2 2014 | -2.9% | — | — | |
| Q3 2014 | -19.1% | — | — | |
| Q3 2013 | -19.1% | — | — | |
| Q4 2013 | -19.1% | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
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