DWSN

MIDLAND, Texas, May 14, 2026 /PRNewswire/ -- Dawson Geophysical Company (NASDAQ: DWSN) (the "Company") today reported unaudited financial results for its first quarter ended March 31, 2026. First quarter 2026 Highlights Recognized fee revenue of $32.5 million, an 113% increase over the first quarter of 2025 Net income of $7.7 million, $0.25 per share Generated Adjusted EBITDA of $10.9 million, an 364% increase over the first quarter of 2025 Adjusted EBITDA is a non-GAAP measure. See "Supplemental Non-GAAP Financial Measures" below for our definition and reconciliation of Adjusted EBITDA. Management Comment Tony Clark, Dawson's President and CEO, commented, "We received our final delivery of the single node channels at the beginning of the year, and all of the new equipment purchased was fully utilized throughout the first quarter in our operations in the United States and Canada. Additionally, we had three additional crews deployed with our legacy equipment in the first quarter. High equipment utilization resulted in significant growth in our revenues and net income. We are continuing to identify areas of improvement in the deployment of the new single node channels, and we expect that to result in further operational efficiencies in the future. Our financial performance in the first quarter shows the opportunity currently available for this Company, and we believe that we are positioned to capitalize on that opportunity." First Quarter Results For the first quarter ended March 31, 2026, the Company reported revenues of $36.7 million, an increase of 128% compared to $16.1 million for the comparable quarter ended March 31, 2025. Revenue included reimbursable revenue of $4.2 million and $0.8 million for the quarters ended March 31, 2026, and March 31, 2025, respectively. Gross margin1 for the quarter ended March 31, 2026, was 40% compared to 28% for the comparable quarter ended March 31, 2025. We generated net income of $7.7 million or $0.25 per common share and generated Adjusted EBITDA of $10.9 million in the quarter ended March 31, 2026, compared to Adjusted EBITDA of $2.3 million in the quarter ended March 31, 2025. Operations Update The Company had one large channel crew and three smaller channel crews operating in the first quarter in the United States. Our seasonal operations had solid performance in the first quarter, and their operations continued int...

MIDLAND, Texas (AP) — MIDLAND, Texas (AP) — Dawson Geophysical Co. (DWSN) on Thursday reported profit of $7.7 million in its first quarter. The Midland, Texas-based company said it had net income of 25 cents per share. The provider of onshore seismic data services for the oil and gas industry posted revenue of $36.7 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DWSN at https://www.zacks.com/ap/DWSN

MIDLAND, Texas, March 30, 2026 /PRNewswire/ -- Dawson Geophysical Company (NASDAQ: DWSN) (the "Company") today reported unaudited financial results for its fourth quarter and fiscal year ended December 31, 2025. Fourth quarter 2025 Highlights Recognized Fee revenue of $22.9 million, a 67% increase over the fourth quarter of 2024 Net income of $0.6 million, $0.02 per share Generated Adjusted EBITDA of $3.3 million in the fourth quarter, up 248% compared to fourth quarter of 2024 Successful initial deployments of new single node channels in the field Full-Year 2025 Highlights Increased Fee revenue 16% year-over-year to $61.9 million Net loss of $1.9 million, $0.06 per share, compared to $4.1 million in 2024, $0.13 per share Generated operating cash flow of $14.0 million and free-cash-flow of $7.2 million Generated Adjusted EBITDA of $4.7 million, 139% increase year-over-year Significant purchase of new single node channels to invest in future profitability Adjusted EBITDA and Free-cash-flow are non-GAAP measures. See "Supplemental Non-GAAP Financial and Other Measures" below for our definitions and reconciliations of Adjusted EBITDA and Free-cash-flow. Management Comment Tony Clark, Dawson's President and CEO, commented, "I am proud of the continued progress the Dawson team made during 2025, generating $14.0 million of cash from our operations, and reinvesting a portion of that into new single node channels to strengthen our foundation for profitability in our future. We are continually monitoring our cost structure and reduced our general and administrative expenses by 9% year-over-year. Specifically, we implemented an AI software process in the mapping of our receiver points to reduce processing time from five employees over 6-7 weeks to one employee over 3-5 hours. As we continue to invest in these initiatives, we expect to improve our profitability. We believe that we have a significant competitive advantage for larger seismic jobs due to our high channel count and our quantity of vibrator energy source units and have observed significant demand for our new equipment from our customers. We have expanded our customer base to include more unconventional exploration such as carbon capture, geothermal, and critical rare-earth minerals as well as other usages of seismic acquisition capabilities. We believe that the Dawson team has shown continuous improvement o...

Q4 fee revenues rose 67% to $22.9 million and Dawson returned to quarterly profitability with net income of $0.6 million (EPS $0.02) and Adjusted EBITDA of $3.3 million; full-year 2025 fee revenues increased 16% to $61.9 million while adjusted EBITDA jumped 139% to $4.7 million and the net loss narrowed to $1.9 million. Dawson invested $24.2 million in new single-node channels (about 1 lb versus legacy ~10 lb) to boost operational efficiency and reduce field footprint, funded in part by $14 million of operating cash; year-end cash was $4.9 million with an unused $5 million revolver and a $3 million capex budget for 2026. Higher crew utilization (four U.S. crews and two in Canada in Q4, expanding in Canada into Q1 2026) drove improved margins, and the company is diversifying beyond oil & gas into carbon capture, geothermal and critical minerals, fueling increased bid activity. Interested in Dawson Geophysical Company? Here are five stocks we like better. Dawson Geophysical (NASDAQ:DWSN) reported higher fourth-quarter revenue and a return to quarterly profitability as increased crew utilization in the U.S. and Canada helped lift margins, while the company continued to invest in new single-node seismic equipment aimed at improving operational efficiency. For the fourth quarter ended Dec. 31, 2025, Dawson reported fee revenues of $22.9 million, up 67% from $13.8 million in the prior-year quarter, according to prepared remarks delivered on the company’s earnings call. → Coursera's Options Anomaly: A Big Bet on What's Next? The company posted net income of $0.6 million, or $0.02 per share, compared with a net loss of $0.8 million, or $0.03 per share, a year earlier. Adjusted EBITDA for the quarter was $3.3 million versus $0.9 million in the fourth quarter of 2024. For the year ended December 2025, Dawson reported fee revenues of $61.9 million, an increase of 16% from $53.5 million in 2024. → HP Inc. Stock Is Historically Cheap, but Can AI Change the Story? The company’s net loss for 2025 was $1.9 million, or $0.06 per share, compared with a net loss of $4.7 million, or $0.13 per share, in 2024. Adjusted EBITDA rose to $4.7 million from $2.0 million, a 139% increase year over year. President and CEO Tony Clark said the company generated $14 million in cash from operations during 2025 and reinvested a portion of that into new single-node channels “to increase our ca...

Performance improvement was driven by high crew utilization in the fourth quarter, which resulted in healthy margins and a return to profitability. The company completed a strategic shift toward single-node channels, which weigh approximately 1 pound compared to legacy 10-pound equipment, significantly reducing operational footprints and personnel requirements. Management attributes a competitive advantage in securing larger seismic jobs to their high channel count, currently exceeding 180,000 channels of combined legacy and new equipment. Operational efficiency gains were complemented by a 9% reduction in general and administrative expenses during 2025 as part of a continuous cost-monitoring strategy. The customer base is being intentionally expanded beyond traditional oil and gas to include carbon capture, geothermal, and critical rare earth minerals exploration. Canadian operations resumed in Q4 2025 with two crews, scaling to three large channel count crews by the start of 2026 to capture seasonal demand. Management expects the trend of improving profitability metrics observed over the last two years to continue throughout 2026. The 2026 capital budget is set at $3 million, which includes the final $0.9 million payment for the single-node equipment purchase completed in January 2026. Utilization and revenue are expected to increase in the first quarter of 2026 based on early activity levels in both the Lower 48 and Canada. Strategic focus is shifting toward securing passive seismic monitoring projects, where management is currently seeing positive activity trends. Current bid activity levels are anticipated to remain consistent even if geopolitical conflicts resolve, as most customer budgets were established in the prior year. The company significantly improved its liquidity position, increasing its cash balance to $4.9 million at year-end 2025 from $1.4 million in 2024. A new $5 million revolving credit facility was established in October 2025 to provide additional financial flexibility, though it remained undrawn at year-end. The company invested $24.2 million in new equipment during 2025, funded in part by $14 million in cash generated from operations. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management highlighted the transition from 10-pou...

MIDLAND, Texas (AP) — MIDLAND, Texas (AP) — Dawson Geophysical Co. (DWSN) on Monday reported earnings of $569,000 in its fourth quarter. On a per-share basis, the Midland, Texas-based company said it had profit of 2 cents. The provider of onshore seismic data services for the oil and gas industry posted revenue of $27 million in the period. For the year, the company reported a loss of $1.9 million, or 6 cents per share. Revenue was reported as $75.6 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DWSN at https://www.zacks.com/ap/DWSN

MIDLAND, Texas, March 27, 2026 /PRNewswire/ -- Dawson Geophysical Company (NASDAQ: DWSN) announced today that it plans to publicly release preliminary and unaudited financial results for its year-end 2025 and the quarter ended December 31, 2025, the Company's fourth quarter of 2025, after the market closes on Monday, March 30, 2026. An investor conference call to review the fourth quarter results will be held on Tuesday, March 31, 2026, at 9:00 a.m. Central Time. Participant Call Link: https://register-conf.media-server.com/register/BI210d48c751a040c894763a8521dd7b35 Internet: Live and rebroadcast over the internet, log onto https://www.dawson3d.com/ About Dawson Geophysical Company Dawson Geophysical Company is a leading provider of North American onshore seismic data acquisition services with operations throughout the continental United States and Canada. Dawson acquires and processes 2-D, 3-D and multi-component seismic data solely for its clients, ranging from major oil and gas companies to independent oil and gas operators, as well as providers of multi-client data libraries. View original content:https://www.prnewswire.com/news-releases/dawson-geophysical-to-issue-fourth-quarter-and-year-end-2025-results-and-hold-investor-conference-call-302727569.html

MIDLAND, Texas (AP) — MIDLAND, Texas (AP) — Dawson Geophysical Co. (DWSN) on Wednesday reported a loss of $1.2 million in its third quarter. The Midland, Texas-based company said it had a loss of 4 cents per share. The provider of onshore seismic data services for the oil and gas industry posted revenue of $22.7 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DWSN at https://www.zacks.com/ap/DWSN

MIDLAND, Texas, Nov. 12, 2025 /PRNewswire/ -- Dawson Geophysical Company (NASDAQ: DWSN) (the "Company") today reported unaudited financial results for its third quarter ended September 30, 2025. Management Comment Tony Clark, Dawson's President and CEO, commented, "We received our first delivery of our new single node channels in mid-August and immediately deployed the new equipment on a small channel crew with promising results. Due to the high demand from our customers for this equipment, we have accelerated our delivery timeline and received two additional equipment deliveries, at the end of September and October. We expect that the increase in our channel count will allow us to continue to improve our top-line results as we continue to utilize our legacy equipment and deploy our new equipment. Currently we have over 180,000 channels of legacy and new equipment available to service the industry, and we are increasing our efforts on passive seismic monitoring with positive activity. Our Canadian segment acquired several passive monitoring surveys in the third quarter while preparing for a robust winter season. We are incorporating the new single node channels in this market, with positive feedback from our customers. Overall, we saw the potential that this new equipment can have in terms of our competitive position in the market, and our financial results. We expect to capitalize on that potential with our first large channel crew deployment of the single node channels in the fourth quarter." Third Quarter and Year-to-Date Results For the third quarter ended September 30, 2025, the Company reported fee revenues of $14.9 million, an increase of 220% compared to $4.7 million for the comparable quarter ended September 30, 2024. Total revenue included reimbursable revenue of $7.8 million and $9.8 million for the quarters ended September 30, 2025, and September 30, 2024, respectively. Gross margin1 for the quarter ended September 30, 2025, was 15% compared to negative 37% for the comparable quarter ended September 30, 2024, due to the increase in fee revenue and improved efficiencies in our operations. We incurred a net loss of $1.2 million or $0.04 per common share compared to a net loss of $5.6 million or $0.18 per common share for the quarter ended September 30, 2024. During the quarter ended September 30, 2025, we generated EBITDA of $0.2 million, compared...

MIDLAND, Texas (AP) — MIDLAND, Texas (AP) — Dawson Geophysical Co. (DWSN) on Tuesday reported a loss of $2.3 million in its second quarter. On a per-share basis, the Midland, Texas-based company said it had a loss of 8 cents. The provider of onshore seismic data services for the oil and gas industry posted revenue of $9.9 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DWSN at https://www.zacks.com/ap/DWSN

MIDLAND, Texas, Aug. 12, 2025 /PRNewswire/ -- Dawson Geophysical Company (NASDAQ: DWSN) (the "Company") today reported unaudited financial results for its second quarter ended June 30, 2025. Management Comment Tony Clark, Dawson's President and CEO, commented, "Due to the observed increase in demand for large integrated high-resolution, high channel count surveys and improvement to our backlog, we made the decision to make a significant capital investment to purchase new single node channels from a wholly-owned subsidiary of Geospace Technologies. These new channels are a small, lightweight, single-component, autonomous land wireless seismic data acquisition solution. Each sub-1-pound wireless geophone (5 HZ), battery, 24-bit digitizer, and GPS receiver are enclosed in its sealed case, allowing for a more efficient and faster field deployment and retrieval operation, which we expect will significantly improve our operational efficiency. Increasing our channel count with this purchase coupled with our existing channels will allow us to be able to acquire higher and more intensive seismic surveys in North America, as well as be more competitive on the smaller 2D & 3D surveys. We deployed one large channel crew at the beginning of April, which should keep that crew highly utilized throughout the end of the year. We continue to improve our backlog, and have multiple jobs contracted for quick deployment of our recently purchased equipment. We expect that this investment will improve our top line and bottom-line results as the equipment is deployed and we capitalize on the anticipated efficiencies." Second Quarter and Year-to-Date Results For the second quarter ended June 30, 2025, the Company reported fee revenues of $8.7 million, an increase of 5% compared to $8.3 million for the comparable quarter ended June 30, 2024. Total revenue included reimbursable revenue of $1.1 million and $4.2 million for the quarters ended June 30, 2025, and June 30, 2024, respectively. Gross margin1 for the quarter ended June 30, 2025, was 13% compared to 1% for the comparable quarter ended June 30, 2024, due to improved efficiencies in our operations. Our revenues in the United States increased over 200% quarter over quarter due to improved crew utilization, and we expect our revenue to continue to increase in the third quarter due to our strong backlog. We incurred a net loss of $2...