Expect near-term weakness on the EPS miss; monitor the Q3 conference call for guidance updates and TCE rate trajectory — Q2-to-date TCE of $20,258/day is promising but not formal guidance.
Price Chart
Executive Summary
Pangaea Logistics reported Q2 2026 GAAP EPS of $0.16, a 30% miss vs consensus of $0.23, on revenue of $187.1M (3% below $192.8M estimate). Despite strong YoY growth — revenue up 19%, Adjusted EBITDA up 125% to $35M, and TCE rates up 50% — the earnings miss will likely pressure the stock near-term.
Key Financial Metrics
Key Facts
- GAAP EPS $0.16 vs consensus $0.23 (miss of 30.4%)
- Revenue $187.1M vs consensus $192.8M (miss of 3.0%)
- Adjusted EBITDA $35.0M, up 125% YoY on TCE rates of $18,153/day (+50% YoY)
- Declared quarterly cash dividend of $0.10 per share
- Operating cash flow of $21.1M; net debt to trailing EBITDA at 2.1x
Financial Impact
EPS miss of ~30% vs consensus; revenue miss of ~3%; strong YoY growth partially offsets
Risk Factors
- Dry bulk shipping rate volatility impacting future TCE rates
- Higher vessel operating expenses if market softens
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302847512 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 11w ago | Press Release | $6.91 $8.30 | ▼ −20.12% | ▼ −21.17% | $7.97 (−15.34%) |
Jun 8, 2026 20w ago | 8-K | $7.23 $6.84 | ▼ −5.39% | ▼ −7.03% | $7.97 (+10.24%) |
May 15, 2026 23w ago | 144 | $8.19 $7.57 | ▼ −7.57% | ▼ −9.69% | $7.97 (−2.69%) |
May 11, 2026 24w ago | 8-K | $8.64 $7.30 | ▼ −15.51% | ▼ −13.78% | $7.97 (−7.75%) |
Mar 18, 2026 31w ago | Insider Cluster | $7.07 $7.90 | ▲ +11.74% | ▲ +4.11% | $7.97 (+12.73%) |
Mar 18, 2026 31w ago | Insider Cluster | $7.07 $7.90 | ▲ +11.74% | ▲ +4.11% | $7.97 (+12.73%) |
Mar 11, 2026 32w ago | 8-K | $7.22 $7.45 | ▲ +3.26% | ▲ +2.73% | $7.97 (+10.46%) |
US Market Status
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