Earnings ·
Dawson Geophysical Company reported preliminary unaudited financial results for the second quarter ended June 30, 2026
DWSNDawson Geophysical Co
Dawson Geophysical Company reported preliminary unaudited financial results for the second quarter ended June 30, 2026. The company recognized fee revenue of $14 million, a 60% increase year-over-year, and generated Adjusted EBITDA of $0.6 million, marking its fourth consecutive quarter of positive Adjusted EBITDA since September 2018. Net loss was $3.4 million, or $0.11 per share, which included $1.7 million in strategic transaction costs related to discussions with controlling stockholder Wilks Brothers, LLC regarding potential asset transactions or business combinations. Year-to-date fee revenue increased 94% to $46.5 million, resulting in net income of $4.2 million, or $0.14 per share. The company also noted the start of a high-density channel count job and expects Canadian operations to resume in the fourth quarter of 2026. Dawson Geophysical Company is a leading provider of North American onshore seismic data acquisition services.