DAWSON GEOPHYSICAL CO (DWSN) Form 8-K — May 14, 2026
Dawson Geophysical Company (DWSN) reported a dramatic operational turnaround in its first quarter of 2026, with total revenue surging 128% year-over-year to $36.7 million. This growth was driven by the full utilization of newly acquired single-node seismic equipment, which allowed the company to deploy additional crews and secure larger channel-count jobs in the United States and Canada. The company returned to profitability, reporting net income of $7.7 million ($0.25 per share) compared to a net income of just $0.99 million in the prior year. Adjusted EBITDA increased 364% to $10.9 million, reflecting improved gross margins of 40% versus 28% in the previous quarter.
Key figures
- Eps
- 0.25
- Revenue
- 36699000
- Net Income
- 7661000
- Revenue Yoy
- 128%
- Total Assets
- 64396000
- Cash Position
- 1374000
- Fee Revenue
- 32508000
- Gross Margin
- 40%
- Fee Revenue Yoy
- 113%
- Adjusted Ebitda
- 10855000
- Prior Gross Margin
- 28%
- Adjusted Ebitda Yoy
- 364%
- Capital Budget2026
- 3000000
- Shares Outstanding
- 31052840
- Credit Facility Outstanding
- 0
- Credit Facility Borrowing Base
- 4500000
Price after filing
Close on the filing date to close N calendar days later (from $3.86). Historical, not a forecast.
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