Dawson Geophysical Company reports third quarter fee revenues of $14.9 million
Dawson Geophysical Company reported third quarter fee revenues of $14.9 million for the period ending September 30, 2025, marking a 220% increase from $4.7 million in 2024. The company experienced a net loss of $1.2 million, an improvement from a loss of $5.6 million the previous year. Year-to-date, net loss was $2.5 million, down from $3.3 million in 2024. EBITDA improved to $0.2 million from negative $4.3 million in 2024. The company is preparing for a large channel crew deployment in the fourth quarter with new equipment.
Dawson Geophysical Company reported fee revenues of $14.9 million for the third quarter ended September 30, 2025, a 220% increase compared to $4.7 million in the same period in 2024. Total revenue included reimbursable revenue of $7.8 million for the third quarter of 2025 and $9.8 million for the third quarter of 2024. The company reported 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, in the prior year period. EBITDA was $0.2 million, compared to negative EBITDA of $4.3 million in the third quarter of 2024. Year-to-date, the company reported a net loss of $2.5 million, or $0.08 per common share, compared to a net loss of $3.3 million, or $0.11 per common share, in 2024. Year-to-date EBITDA was $1.4 million, up from $0.9 million in the prior year. During the quarter, Dawson Geophysical received and deployed new single node channels, with additional equipment deliveries at the end of September and October. The company plans to utilize this equipment in its first large channel crew deployment in the fourth quarter. In the United States, operations included one large channel crew utilizing legacy channels, with transition to new equipment scheduled. In Canada, the company conducted passive monitoring surveys and prepared for the winter season, incorporating the new equipment. The company now has over 180,000 channels of legacy and new equipment available. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Dawson Geophysical Company published the original content used to generate this news brief via PR Newswire (Ref. ID: DA23030) on November 12, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
