Pangaea Logistics Q4 revenue beats, profit misses estimates

Pangaea Logistics Solutions

10/03/2026 21:50

Overview

US maritime logistics firm's Q4 revenue beat analyst expectations

Adjusted EPS and adjusted net income for Q4 missed analyst expectations

Outlook

Pangaea expects a favorable medium-term environment due to constrained vessel supply

Company says Tampa terminal operations are set to launch in second half of 2026

Result Drivers

HIGHER TCE RATES - Q4 TCE rates rose 11% year-over-year, supported by strong Arctic trade and robust utilization of ice-class fleet

EXPANDED FLEET - Shipping days rose 26% from prior year, mainly due to acquisition of fifteen handy-size vessels at end of 2024

LONG-TERM CONTRACTS - TCE rates outperformed market benchmarks by 19%, attributed to long-term COAs and cargo-focused strategy

Company press release: ID:nPntDV4na

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$183.9 mln
$153.04 mln (3 Analysts)
Q4 Adjusted EPS
Miss
$0.16
$0.24 (3 Analysts)
Q4 Adjusted Net Income
Miss
$10.1 mln
$15.77 mln (3 Analysts)
Q4 Net Income
$11.9 mln
Q4 Adjusted EBITDA
Miss
$28.7 mln
$31.62 mln (3 Analysts)
Q4 Adjusted EBITDA Margin
16%
Q4 Operating Cash Flow
$15.1 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the marine freight & logistics peer group is "buy"

Wall Street's median 12-month price target for Pangaea Logistics Solutions Ltd is $10.25, about 22.8% above its March 10 closing price of $8.35

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)