PANL Earnings Prediction
The chart below shows how PANL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PANL sees a -1.97% change in stock price 10 days leading up to the earnings, and a +0.48% change 10 days following the report. On the earnings day itself, the stock moves by +0.03%. This data can give you a slight idea of what to expect for the next quarter's release.
PANL Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
153.12M
12.90%
16.44%
Gross Margin
22.81%
-21.62%
9.56%
Operating Margin
9.80%
-32.55%
69.26%
Net Margin
3.96%
-73.40%
30.26%
EPS
0.11
-73.81%
37.50%
No Data Available
PANL Earnings Analysis
Pangaea Logistics Solutions Ltd. Corporation (PANL.O) Earnings Conference Call
Positive
Strong Operational Performance: 1. Strong Adjusted EBITDA: Pangaea reported an adjusted EBITDA of $23.9 million for Q3 2024, demonstrating robust operational performance despite a seasonal peak in Arctic dry bulk demand.
Premium TCE Rates: 2. High TCE Rates: The company achieved a TCE rate of approximately $16,324 per day, which is a premium of 19% over the average market rates for supramax and panamax vessels during the same period.
Cash Flow Improvement: 3. Increased Cash Flow from Operations: Total cash from operations increased by $12.1 million year-over-year to approximately $28.5 million, driven by improved cash generation from net working capital.
Strong Cash Liquidity: 4. Cash Position: At the end of Q3 2024, Pangaea had $93.1 million in cash, providing a strong liquidity position to support future growth and investments.
Fleet Expansion Strategy: 5. Fleet Expansion: The company took delivery of 2 sister ships, expanding its fleet to 26 vessels, and is set to merge 15 additional handysize dry bulk vessels, enhancing its operational capacity.
Negative
Adjusted EBITDA Decline: 1. Decline in Adjusted EBITDA: Adjusted EBITDA for Q3 2024 was $23.9 million, a decrease of $4 million compared to the prior year, indicating a decline in profitability amid lower market volatility.
Charter Hire Expense Surge: 2. Significant Increase in Charter Hire Expenses: Total charter hire expenses rose by over 40% year-over-year, driven by a 7% increase in chartering days and a 30% increase in prevailing market rates, impacting overall margins.
Decline in Net Income: 3. Drop in GAAP Net Income: GAAP net income attributable to Pangaea fell to $5.1 million or $0.11 per diluted share, down from $18.9 million or $0.42 per diluted share in the same quarter last year, reflecting a significant decline in earnings.
Decreased TCE Revenue Margins: 4. Lower TCE Revenue Margins: The TCE revenue margin for the charter-in fleet decreased from approximately $4,000 per day in Q3 2023 to about $1,800 per day in Q3 2024, indicating squeezed profitability due to higher costs.
Rising Interest Expenses: 5. Increased Interest Expense: Overall interest expense increased by 6.6% during the quarter due to new debt facilities, contributing to a higher financial burden on the company.
PANL FAQs
How does PANL typically perform around its earnings report dates?
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PANL Earning Call Sentiment
Pangaea Logistics Solutions, Ltd. (PANL) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
PANL.O
-1.16%Positive
The earnings report shows declines in key financial metrics, such as adjusted net income and EBITDA, indicating weak financial performance. The Q&A reveals market concerns, including downward trends and the challenge of integrating new assets. Despite a strong cash position and dividend policy, the negative sentiment in financial performance and market outlook outweighs the positives, leading to a negative rating.
