StocksMedium•5 November 2026•
1 min read
Pangaea Logistics Reports 30% Revenue Growth in Q3 2026
Key Facts
1Pangaea Logistics Solutions reported a 30% year-over-year increase in revenue for the third quarter of 2026.
Pangaea Logistics Solutions reported a 30% year-over-year increase in revenue for the third quarter ended September 30, 2026. Benzinga reported that the company's total revenue reached $219.1 million, while adjusted net income stood at $33.6 million, or $0.52 per share.
PANL closed at $7.51 on November 4, 2026, prior to the results which showed the average Time Charter Equivalent (TCE) rate rising to $20,414 per day from $15,559 in the prior-year period. The company also declared a quarterly cash dividend of $0.10 per common share, payable on December 15, 2026, to shareholders of record as of December 1, 2026.