Consolidated Statements of Income - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2026 |
Sep. 30, 2025 |
Sep. 30, 2026 |
Sep. 30, 2025 |
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| Revenues: | ||||
| Revenue | $ 219,057,000 | $ 168,670,000 | $ 576,756,000 | $ 448,161,000 |
| Expenses: | ||||
| Voyage expenses | 77,292,000 | 73,208,000 | 229,944,000 | 211,297,000 |
| Charter hire expenses | 50,717,000 | 33,882,000 | 129,005,000 | 82,947,000 |
| Vessel operating expenses | 22,607,000 | 21,736,000 | 66,432,000 | 67,289,000 |
| Terminal & stevedore expenses | 5,293,000 | 3,134,000 | 12,621,000 | 8,372,000 |
| General and administrative expenses | 7,632,000 | 9,882,000 | 26,621,000 | 24,328,000 |
| Depreciation and amortization | 11,915,000 | 10,214,000 | 36,224,000 | 30,735,000 |
| Loss (gain) on sale of vessel and equipment | 0 | (309,000) | 358,000 | (309,000) |
| Total operating expenses | 175,456,000 | 151,748,000 | 501,205,000 | 424,659,000 |
| Income from operations | 43,601,000 | 16,922,000 | 75,551,000 | 23,502,000 |
| Other income (expense): | ||||
| Interest Revenue (Expense), Net | (5,297,000) | (5,912,000) | (16,971,000) | (18,086,000) |
| Interest income | 884,000 | 357,000 | 4,005,000 | 1,093,000 |
| Other income | 365,000 | 1,620,000 | 1,114,000 | 1,380,000 |
| Total other expense, net | (4,048,000) | (3,935,000) | (11,852,000) | (15,613,000) |
| Net income | 39,552,000 | 12,988,000 | 63,699,000 | 7,889,000 |
| Income attributable to non-controlling interests | (1,292,000) | (779,000) | (1,942,000) | (403,000) |
| Net income attributable to Pangaea Logistics Solutions Ltd. | $ 38,261,000 | $ 12,208,000 | $ 61,756,000 | $ 7,485,000 |
| Net income per common share | ||||
| Basic (in dollars per share) | $ 0.59 | $ 0.19 | $ 0.96 | $ 0.12 |
| Diluted (in dollars per share) | $ 0.59 | $ 0.19 | $ 0.95 | $ 0.12 |
| Weighted average shares used to compute earnings per common share: | ||||
| Basic (in shares) | 64,396,991 | 63,729,227 | 64,329,809 | 63,901,455 |
| Diluted (in shares) | 64,901,369 | 64,823,069 | 64,793,780 | 65,009,188 |
| Voyage revenue | ||||
| Revenues: | ||||
| Revenue | $ 193,141,000 | $ 155,271,000 | $ 411,200,000 | |
| Charter revenue | ||||
| Revenues: | ||||
| Revenue | $ 18,814,000 | 9,298,000 | $ 42,725,000 | 26,141,000 |
| Port terminal & stevedore revenue | ||||
| Revenues: | ||||
| Revenue | $ 4,101,000 | $ 10,820,000 | ||
| X | ||||||||||
- Definition Expense Incurred towards hire of Charter. No definition available.
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- Definition Earnings Per Share, Other Disclosure No definition available.
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- Definition Terminal & Stevedore Expenses No definition available.
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- Definition Expense incurred to operate the vessel. No definition available.
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- Definition Expense Incurred for operating Voyage services. No definition available.
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- Definition The aggregate net amount of depreciation, amortization, and accretion recognized during an accounting period. As a noncash item, the net amount is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) on sale or disposal of other assets. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of interest income and other income recognized during the period. Included in this element is interest derived from investments in debt securities, cash and cash equivalents, and other investments which reflect the time value of money or transactions in which the payments are for the use or forbearance of money and other income from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business). No definition available.
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- Definition Amount of interest income (expense) classified as operating and nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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