---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-007972"
form_type: "8-K"
ticker: "DWSN"
cik: "0000799165"
company_name: "DAWSON GEOPHYSICAL CO"
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T03:00:29.812643+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Dawson Geophysical Q1 net income $5.8M, revenue $31.6M (+7% YoY)

## Summary
- Revenue $31.6M, up 7% YoY from $29.4M; gross margin improved to 35% from 25%.
- Net income $5.8M ($0.19 per share); EBITDA $7.6M vs $2.2M in Q1 2023.
- Special cash dividend of $0.32/share paid May 6, aggregate ~$9.9M.
- Expects to reduce to one US crew later in Q2 from two in Q1.
- Cash and restricted cash $16.5M at quarter-end; $5M collateral released, credit facility closed.

## SEC filing metadata
- accession: 0001558370-24-007972
- form_type: 8-K
- ticker: DWSN
- cik: 0000799165
- company_name: DAWSON GEOPHYSICAL CO
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799165/000155837024007972/0001558370-24-007972-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799165/000155837024007972/dwsn-20240513x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-007972
- JSON: https://secwatch.observer/filing/0001558370-24-007972.json
- Plain text: https://secwatch.observer/filing/0001558370-24-007972.txt

## Key facts
- Earnings Releases
  DAWSON GEOPHYSICAL CO reported first quarter ended March 31, 2024 results: revenue $31.6 million, net income $5.8 million, EPS $0.19 per common share.
  - Period: first quarter ended March 31, 2024
  - Revenue: $31.6 million
  - Net income: $5.8 million
  - EPS: $0.19 per common share
  - Result: preliminary results
  source text: For the first quarter ended March 31, 2024, the Company reported revenues of $31.6 million, an increase of 7% compared to $29.4 million for the comparable quarter ended March 31, 2023. Revenue included reimbursable revenue of $4.8 million and $7.1 million for the quarters ended March 31, 2024, and March 31, 2023, respectively. Gross margin 1 for the quarter ended March 31, 2024, was 35% compared to 25% for the comparable quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/799165/000155837024007972/0001558370-24-007972-index.htm

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