NASDAQ$PANL
Pangaea Logistics Solutions Ltd · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Pangaea reported record financial results driven by increased TCE rates.
Pangaea Logistics Solutions Ltd. reported record financial results for the three months ended December 31, 2021, with net income of $15.2 million and adjusted earnings per share of $0.56. The company's TCE rates increased by 122% compared to the same period in 2020, leading to a 108% increase in total revenue.
- Net income increased to $15.2 million from $7.6 million in the same period of 2020.
- Adjusted earnings per share rose to $0.56, compared to $0.14 in the prior year.
- Income from operations grew to $30.8 million, up from $8.3 million in 2020.
- TCE rates increased 122% to $32,563.
Headline financials
Revenue & EPS history
Pangaea · Revenue · Quarterly
$235M
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 has started out well in 2022, but also presents a new set of challenges to which the company is reacting. Rapidly changing sanctions imposed by the European Union and the United States, and a general market movement away from “Russian” cargo, changed trading patterns overnight.
Tailwinds
- Market will present many opportunities for Pangaea as it adjusts.
- Company has refocused some of its commercial efforts away from certain loading areas.
- Company has rearranged its technical management contracts on part of its fleet.
- 2022 has started out well for Pangaea.
- Company is reacting to rapidly changing sanctions.
Headwinds
- Rapidly changing sanctions imposed by the European Union and the United States.
- General market movement away from “Russian” cargo.
- Changed trading patterns overnight.
- Uncertainty about the long term impact on demand for commodities exported from Russia or Ukraine.
- Uncertainty about the impact on dry bulk ton miles.
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 Q4 2021
-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 | — | — | — |
Discussion
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