Q2 FY2026 EarningsQ2 FY2026 results showed a significant top-line miss but a strong bottom-line beat on an adjusted basis. Revenue of $187.1M missed consensus by 2.93%, impacted by an 8% YoY decline in total shipping days due to vessel sales. However, Adjusted EPS of $0.26 comfortably beat the $0.235 mean estimate (+10.64%) as Time Charter Equivalent (TCE) rates surged 50% YoY to $18,153/day, outperforming market benchmarks by 10%. Q3 guidance remains optimistic with quarter-to-date TCE rates rising further to $20,258.
Financial report interval: 2026.03.30 - 2026.06.30
Overview: Pangaea Logistics(PANL) the Revenue is 187.12 M (+19.42%), Beat estimate;the EBIT is 21.35 M (+484.2%), Beat estimate;the EPS is 0.16 (+500%), Miss estimate.
Actual
YoY
Estimate
YoY
Vs estimate
YoY
RevenueExceed expectations
0.19B19.42%
0.15B4.37%
+0.04B23.79%
EBITExceed expectations
0.02B484.22%
0.02B484.17%
+0.00B0.05%
EPSMiss expectations
0.16500.00%
0.2367691.68%
-0.0767191.68%
Revenue
ActualEstimateUnit: USD
qf
EBIT
ActualEstimateUnit: USD
qf
Net income
ActualEstimateUnit: USD
qf
EPS
ActualEstimateUnit: USD
qf