Pangaea Logistics Solutions (PANL): Q3 revenue rose 30% to $219.1M on higher freight rates
Q3 revenue rose 30% y/y to $219.1M on TCE rates up to $20,414/day; nine-month operating cash flow up to $83.1M.
What this filing says
Pangaea reported higher revenue and cash from operations for the quarter and nine months ended September 30, 2026, driven mainly by improved market freight rates and higher average TCE rates. Net cash from operating activities rose to $83.1 million for the nine months, helped by higher net income and working capital changes. The filing is a quarterly report, so the figures reflect results already achieved rather than future outlook.
Key figures
- Q3 2026 total revenue
- $219.1 million
- Q3 2025 total revenue
- $168.7 million
- Q3 2026 TCE rate per day
- $20,414
- Nine-month operating cash flow
- $83.1 million
- Shares outstanding
- 65,473,772 shares
Positive for shareholders
- Quarterly revenue rose 30% year over year, driven by higher freight rates.
- Operating cash flow for the nine months increased by $44.5 million compared with the prior year.
- Average TCE rate for the nine months rose 38% to $17,991 per day.
Negative for shareholders
- Cash used for inventories rose by $27.0 million, partly offsetting operating cash gains.
- Accounts receivable and prepaid items also consumed cash during the period.
Written by Quantisnow AI from this filing. Not financial advice.
Key terms
- TCE rate:
- Time charter equivalent, a daily earnings measure that normalizes voyage and time charter income so vessel earnings can be compared.
- Shipping days:
- The total number of days the company's vessels were available to earn revenue during a period.
- Panamax, supramax, handysize:
- Size classes of dry bulk ships, from larger to smaller vessels.
FAQ
How much did Pangaea Logistics' revenue grow in the third quarter of 2026?
Total revenue was $219.1 million for the three months ended September 30, 2026, up 30% from $168.7 million a year earlier, mainly due to improved market freight rates.
What drove the change in Pangaea's operating cash flow?
Net cash from operating activities rose to $83.1 million for the nine months, mainly due to a $55.8 million increase in net income and higher working capital inflows, partly offset by inventory and receivable outflows.
Historical context for PANL
Across the 12 sessions after earlier PANL headlines, the stock closed higher 5 times and lower 7 times, with a median move of 5.0% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | PANL | SPY |
|---|---|---|---|
| Oct 30, 2026 | PANGAEA LOGISTICS SOLUTIONS ANNOUNCES THIRD QUARTER 2026 CONFERENCE CALL DATE | -0.9% | -1.8% |
| Aug 11, 2026 | Pangaea Logistics Solutions Ltd. Reports Financial Results for the Second Quarter Ended June 30, 2026 | -5.7% | -0.3% |
| Aug 4, 2026 | PANGAEA LOGISTICS SOLUTIONS ANNOUNCES SECOND QUARTER 2026 CONFERENCE CALL DATE | -2.5% | +1.8% |
| May 12, 2026 | Pangaea Logistics Solutions Ltd. Reports Financial Results for the First Quarter Ended March 31, 2026 | +12.4% | -0.2% |
| May 5, 2026 | PANGAEA LOGISTICS SOLUTIONS ANNOUNCES FIRST QUARTER 2026 CONFERENCE CALL DATE | +6.2% | +0.8% |
| Mar 11, 2026 | Pangaea Logistics Solutions Ltd. Reports Financial Results for the Fourth Quarter Ended December 31, 2025 | -13.6% | -0.1% |
Keep researching PANL
- PANL financial statementsRevenue, profit, cash flow and balance sheet from Pangaea Logistics Solutions Ltd.'s SEC filings.
- What is Form 10-Q?The quarterly report US public companies file with the SEC for each of the first three fiscal quarters, with unaudited financial statements and MD&A.
- Form 10-K vs 10-QThe difference between a 10-K and a 10-Q: what each report contains, filing deadlines by company size, audited vs reviewed financials, and which sections to read first.
- PANL insider tradesEvery buy and sale reported by Pangaea Logistics Solutions Ltd. officers, directors and large holders.
- PANL earnings historyPast Pangaea Logistics Solutions Ltd. earnings releases, newest first.
- Market cap
- 30-day
- Sector
- Consumer Discretionary
- Industry
- Marine Transportation
- Listed since
- 2013
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