---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-011907"
form_type: "8-K"
ticker: "DWSN"
cik: "0000799165"
company_name: "DAWSON GEOPHYSICAL CO"
filed_at: "2024-08-12T23:59:59+00:00"
generated_at: "2026-05-31T10:14:21.811326+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Dawson Geophysical Q2 revenue $12.5M, net loss $3.5M; crew count reduced to one

## Summary
- Revenue $12.5M, down 38% YoY from $20.2M; net loss $3.5M ($0.12/share) vs loss $4.4M ($0.18/share) in prior year.
- Negative Adjusted EBITDA of $2.3M vs negative $2.5M a year ago; year-to-date net income $2.3M ($0.07/share).
- Began Q2 with two crews, dropped to one in late May; expects two crews in Q3 and full deployment through mid-2025.
- Special cash dividend of $0.32/share paid May 6 for ~$9.9M; cash $11.2M, working capital $9M.
- Expects Canadian ops to resume in Q4; evaluating divestiture of under-utilized assets.

## SEC filing metadata
- accession: 0001558370-24-011907
- form_type: 8-K
- ticker: DWSN
- cik: 0000799165
- company_name: DAWSON GEOPHYSICAL CO
- filed_at: 2024-08-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799165/000155837024011907/0001558370-24-011907-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799165/000155837024011907/dwsn-20240812x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-011907
- JSON: https://secwatch.observer/filing/0001558370-24-011907.json
- Plain text: https://secwatch.observer/filing/0001558370-24-011907.txt

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