---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-085509"
form_type: "8-K"
ticker: "DWSN"
cik: "0000799165"
company_name: "DAWSON GEOPHYSICAL CO"
filed_at: "2023-07-31T23:59:59+00:00"
generated_at: "2026-06-12T22:36:27.624265+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Dawson Geophysical reports Q2 2023 revenue of $20.2M, net loss of $4.4M ($0.18 per share), narrower than prior year

## Summary
- Revenue $20.2M vs $4.8M YoY; net loss $4.4M ($0.18/sh) vs $7.6M ($0.30/sh) prior year.
- Negative EBITDA $2.5M versus $4.6M in Q2 2022; transaction costs of $685,000 excluded from adjusted net loss of $3.7M ($0.15/sh).
- Started Q2 with two mid-sized crews, dropped to one crew due to weather and delays; anticipate second crew mid-late Q3, full utilization by Q4.
- Acquired Breckenridge Geophysical assets in Q1; $9.9M convertible note to Wilks for ~5.8M shares pending shareholder approval.
- CEO cites carbon capture opportunities as growth momentum; several large projects expected in 2024.

## SEC filing metadata
- accession: 0001104659-23-085509
- form_type: 8-K
- ticker: DWSN
- cik: 0000799165
- company_name: DAWSON GEOPHYSICAL CO
- filed_at: 2023-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799165/000110465923085509/0001104659-23-085509-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799165/000110465923085509/tm2322328d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-085509
- JSON: https://secwatch.observer/filing/0001104659-23-085509.json
- Plain text: https://secwatch.observer/filing/0001104659-23-085509.txt

## Key facts
- Earnings Releases
  DAWSON GEOPHYSICAL CO reported the quarter ended June 30, 2023 results: revenue $20,219,000, net income net loss of $4,430,000, EPS $0.18 loss per common share.
  - Period: the quarter ended June 30, 2023
  - Revenue: $20,219,000
  - Net income: net loss of $4,430,000
  - EPS: $0.18 loss per common share
  - Result: preliminary results
  source text: the Company reported revenues of $20,219,000 compared to $4,765,000 for the comparable quarter ended June 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/799165/000110465923085509/0001104659-23-085509-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.