DAWSON GEOPHYSICAL CO — fact timeline

DAWSON GEOPHYSICAL CO reported first quarter ended March 31, 2026 results: revenue $32.5 million, net income $7.7 million, EPS $0.25 per share.

“DWSN) (the “Company”) today reported unaudited financial results for its first quarter ended March 31, 2026. ​ First quarter 2026 Highlights ​ ● Recognized fee revenue of $32.5 million, an 113% increase over the first quarter of 2025 ● Net income of $7.7 million, $0.25 per share ● Generated Adjusted EBITDA of $10.9 million, an 364% increase over the first”

DAWSON GEOPHYSICAL CO reported year ended December 31, 2025 results: revenue revenues of $75.6 million, net income net loss of $1.9 million, EPS $0.06 per common share.

“December 31, 2025, compared to Adjusted EBITDA of $0.9 million in the quarter ended December 31, 2024. ​ For the year ended December 31, 2025, the Company reported revenues of $75.6 million, an increase of 2% compared to $74.2 million for the year ended December 31, 2024. Revenue included reimbursable revenue of $13.7 million and $20.7 million for the years ended”

DAWSON GEOPHYSICAL CO reported fourth quarter and year ended December 31, 2025 results: revenue revenues of $27.0 million, net income net income of $0.6 million, EPS $0.02 per common share.

“For the fourth quarter ended December 31, 2025, the Company reported revenues of $27.0 million, an increase of 72% compared to $15.6 million for the comparable quarter ended December 31, 2024.”

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.

“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.”

DAWSON GEOPHYSICAL CO reported preliminary financial results for fourth quarter and full year ended December 31, 2023.

“On April 1, 2024, Dawson Geophysical Company (the “Company”) issued a press release reporting its preliminary and unaudited financial results for its fourth quarter and full year ended December 31, 2023.”

Ian Shaw was appointed as Chief Financial Officer at DAWSON GEOPHYSICAL CO.

“Ian Shaw as the Company’s Chief Financial Officer”

Ray Mays was appointed as Chief Operating Officer and Executive Vice President at DAWSON GEOPHYSICAL CO.

“Ray Mays as the Company’s Chief Operating Officer and Executive Vice President”

Anthony Clark was appointed as President and Chief Executive Officer at DAWSON GEOPHYSICAL CO.

“effective as of November 20, 2023, the Board of Directors of the Company (the “ Board ”) appointed: (i) Anthony Clark as the Company’s President and Chief Executive Officer”

DAWSON GEOPHYSICAL CO: Board of Directors approved Second Amended and Restated Bylaws to remove supermajority vote requirement for business combinations and permit non-unanimous shareholder action by written consent (effective 2023-12-01).

“the Board of Directors of the Company approved the Second Amended and Restated Bylaws of the Company, which amend the Bylaws to (i) remove Section 2.10 requiring a supermajority vote for business combinations and (ii) permit shareholders to take non-unanimous action by written consent.”

DAWSON GEOPHYSICAL CO: Shareholders approved amendment to Restated Articles of Incorporation removing supermajority vote requirement for business combinations and permitting non-unanimous shareholder action by written consent (effective 2023-12-01).

“the Company's shareholders approved an amendment to the Restated Articles of Incorporation, as amended (the "Charter Amendment"), which (i) removes Section 7(6)(f) requiring a supermajority vote for business combinations; and (ii) permits shareholders to take non-unanimous action by written consent.”

C. Ray Tobias was terminated as Chief Operating Officer at DAWSON GEOPHYSICAL CO.

“it was determined by the Board of Directors of Dawson Geophysical Company (the “Company”) that the employment of (i) James K. Brata, the Company’s Chief Financial Officer, Executive Vice President, Secretary and Treasurer; (ii) Stephen C. Jumper, the Company’s President and Chief Executive Officer; and (iii) C. Ray Tobias, the Company’s Chief Operating Officer and Executive Vice President would terminate (the “Terminations”) on December 20, 2023”

Stephen C. Jumper was terminated as President and Chief Executive Officer at DAWSON GEOPHYSICAL CO.

“it was determined by the Board of Directors of Dawson Geophysical Company (the “Company”) that the employment of (i) James K. Brata, the Company’s Chief Financial Officer, Executive Vice President, Secretary and Treasurer; (ii) Stephen C. Jumper, the Company’s President and Chief Executive Officer; and (iii) C. Ray Tobias, the Company’s Chief Operating Officer and Executive Vice President would terminate (the “Terminations”) on December 20, 2023”

James K. Brata was terminated as Chief Financial Officer at DAWSON GEOPHYSICAL CO.

“it was determined by the Board of Directors of Dawson Geophysical Company (the “Company”) that the employment of (i) James K. Brata, the Company’s Chief Financial Officer, Executive Vice President, Secretary and Treasurer; (ii) Stephen C. Jumper, the Company’s President and Chief Executive Officer; and (iii) C. Ray Tobias, the Company’s Chief Operating Officer and Executive Vice President would terminate (the “Terminations”) on December 20, 2023”

DAWSON GEOPHYSICAL CO shareholders approved Proposal to approve, on an advisory basis, the executive compensation of the named executive officers. at the 2023-11-30 meeting.

“Proposal to approve, on an advisory basis, the executive compensation of the named executive officers.”

DAWSON GEOPHYSICAL CO shareholders approved Proposal to ratify the appointment of RSM US LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023. at the 2023-11-30 meeting.

“Proposal to ratify the appointment of RSM US LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023.”

DAWSON GEOPHYSICAL CO shareholders approved Proposal to amend the Charter to permit shareholders to take non-unanimous action by written consent. at the 2023-11-30 meeting.

“Proposal to amend the Charter to permit shareholders to take non-unanimous action by written consent.”

DAWSON GEOPHYSICAL CO shareholders approved Proposal to amend the Charter to remove Section 7(6)(f) requiring a supermajority vote for business combinations. at the 2023-11-30 meeting.

“Proposal to amend the Charter to remove Section 7(6)(f) requiring a supermajority vote for business combinations.”

DAWSON GEOPHYSICAL CO shareholders approved Proposal to elect a Board of Directors to hold office until the next annual meeting of shareholders and until their successors are elected and qualified. at the 2023-11-30 meeting.

“Proposal to elect a Board of Directors to hold office until the next annual meeting of shareholders and until their successors are elected and qualified.”

Ian Shaw was appointed as Chief Financial Officer at DAWSON GEOPHYSICAL CO.

“effective as of November 20, 2023 as appointed by the Board of Directors of the Company: (x) Anthony Clark will serve as the Company’s President and Chief Executive Officer, (y) Ray Mays will serve as the Company’s Chief Operating Officer, and (z) Ian Shaw will serve as the Company’s Chief Financial Officer”

Ray Mays was appointed as Chief Operating Officer at DAWSON GEOPHYSICAL CO.

“effective as of November 20, 2023 as appointed by the Board of Directors of the Company: (x) Anthony Clark will serve as the Company’s President and Chief Executive Officer, (y) Ray Mays will serve as the Company’s Chief Operating Officer, and (z) Ian Shaw will serve as the Company’s Chief Financial Officer”

Anthony Clark was appointed as President and Chief Executive Officer at DAWSON GEOPHYSICAL CO.

“effective as of November 20, 2023 as appointed by the Board of Directors of the Company: (x) Anthony Clark will serve as the Company’s President and Chief Executive Officer, (y) Ray Mays will serve as the Company’s Chief Operating Officer, and (z) Ian Shaw will serve as the Company’s Chief Financial Officer”

C. Ray Tobias was terminated as Chief Operating Officer and Executive Vice President at DAWSON GEOPHYSICAL CO.

“the employment of (i) James K. Brata, the Company’s Chief Financial Officer, Executive Vice President, Secretary and Treasurer; (ii) Stephen C. Jumper, the Company’s President and Chief Executive Officer; and (iii) C. Ray Tobias, the Company’s Chief Operating Officer and Executive Vice President would terminate (the “Terminations”) on December 20, 2023”

Stephen C. Jumper was terminated as President and Chief Executive Officer at DAWSON GEOPHYSICAL CO.

“the employment of (i) James K. Brata, the Company’s Chief Financial Officer, Executive Vice President, Secretary and Treasurer; (ii) Stephen C. Jumper, the Company’s President and Chief Executive Officer; and (iii) C. Ray Tobias, the Company’s Chief Operating Officer and Executive Vice President would terminate (the “Terminations”) on December 20, 2023”

James K. Brata was terminated as Chief Financial Officer, Executive Vice President, Secretary and Treasurer at DAWSON GEOPHYSICAL CO.

“the employment of (i) James K. Brata, the Company’s Chief Financial Officer, Executive Vice President, Secretary and Treasurer; (ii) Stephen C. Jumper, the Company’s President and Chief Executive Officer; and (iii) C. Ray Tobias, the Company’s Chief Operating Officer and Executive Vice President would terminate (the “Terminations”) on December 20, 2023”

DAWSON GEOPHYSICAL CO reported the quarter ended September 30, 2023 results: revenue $22,961,000, net income net loss of $5,198,000, EPS $0.20 loss per common share.

“For the quarter ended September 30, 2023, the Company reported revenues of $22,961,000 compared to $7,429,000 for the comparable quarter ended September 30, 2022.”

DAWSON GEOPHYSICAL CO shareholders approved Adjournment Proposal: adjourn the Special Meeting to solicit additional proxies if necessary at the 2023-09-13 meeting.

“Dawson’s stockholders approved the Adjournment Proposal. The voting results were as follows: VOTES FOR VOTES AGAINST VOTES ABSTAINED 19,241,030 1,329,197 253,785”

DAWSON GEOPHYSICAL CO shareholders approved Conversion Proposal: approve and adopt the issuance of the Conversion Shares upon conversion of the Convertible Note at the 2023-09-13 meeting.

“Dawson’s stockholders approved the Conversion Proposal. The voting results were as follows: VOTES FOR VOTES AGAINST VOTES ABSTAINED 19,240,507 1,330,223 253,282”

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.

“the Company reported revenues of $20,219,000 compared to $4,765,000 for the comparable quarter ended June 30, 2022.”

Anthony Clark was appointed as Executive Vice President and Chief Business Officer at DAWSON GEOPHYSICAL CO.

“On June 16, 2023, Anthony Clark was appointed as Executive Vice President and Chief Business Officer of Dawson Geophysical Company (the “Company”).”

DAWSON GEOPHYSICAL CO reported the quarter ended March 31, 2023 results: revenue $29,408,000, net income net loss of $413,000, EPS $0.02 loss per common share.

“For the quarter ended March 31, 2023, which includes the results of Breckenridge for the entire quarter ended March 31, 2023, the Company reported revenues of $29,408,000, an increase of approximately 34% compared to $21,934,000 for the quarter ended March 31, 2022 (combined revenues of the Company and Breckenridge for such quarter). Excluding Breckenridge, the Company would have reported revenues of $28,626,000, an increase of approximately 56% compared to $18,359,000 for the quarter ended March 31, 2022. For the first quarter of 2023, the Company reported a net loss of $413,000 or $0.02 loss per common share compared to a net loss of $1,385,000 or $0.06 loss per common share for the first quarter of 2022 (combined results/net loss of the Company and Breckenridge for such quarter).”

DAWSON GEOPHYSICAL CO completed an acquisition involving Breckenridge Geophysical, LLC (closed 2023-03-24).

“On March 24, 2023, Dawson Geophysical Company (the “Company”) entered into an Asset Purchase Agreement (the “Purchase Agreement”) with Wilks Brothers, LLC, for the limited purposes set forth therein (“Wilks”) and Breckenridge Geophysical, LLC (“Breckenridge”). Pursuant to the Purchase Agreement, and upon the terms and subject to the conditions described therein, the Company completed the purchase of substantially all of the Breckenridge assets related to seismic data acquisition services other than its multi-client data library (the “Assets”), in exchange for a combination of equity consideration and a convertible note (described below) (the “Transaction”).”

DAWSON GEOPHYSICAL CO amended revolving credit of $5,000,000 with Dominion Bank.

“respect to implicated covenants. The Loan Agreement now provides for a secured revolving credit facility (the “Revolving Credit Facility”) in an amount up to the lesser of (I) $5,000,000 or (II) a sum equal to (A) 80% of the Company’s eligible accounts receivable plus (B) 100% of the amount on deposit with the Lender in the Company’ tion of Acquisition or”

DAWSON GEOPHYSICAL CO incurred convertible notes of $9,880,000.50 with Wilks Brothers, LLC maturing on or after June 30, 2024.

“The Company delivered to Wilks a convertible promissory note (the “Convertible Note”) in the principal amount of $9,880,000.50 payable on or after June 30, 2024”

DAWSON GEOPHYSICAL CO amended Fourth Loan Modification Agreement with Dominion Bank valued at Amended principal amount under line of credit, provided consent to Transaction, and waived covenants (effective 2023-03-21).

“On March 21, 2023, the Company entered into a Fourth Loan Modification Agreement (the “Fourth Modification”) to the Loan and Security Agreement (as amended by (i) that certain Loan Modification Agreement dated as of September 30, 2020, (ii) that certain Second Loan Modification Agreement dated as of September 30, 2021, (iii) that certain Third Loan Modification Agreement dated as of September 30, 2022, and (iv) the Fourth Modification, the “Loan Agreement”) for the purpose of (a) amending the principal amount under the Company’s line of credit with its lender, Dominion Bank, a Texas state bank (the “Lender”), and (b) obtaining the Lender’s consent with respect to the Company’s consummation of the Transaction and related waivers with respect to implicated covenants.”

DAWSON GEOPHYSICAL CO entered into Voting Agreement with Wilks Brothers, LLC valued at Wilks agreed to vote its shares in favor of the Transaction and related proposals. (effective 2023-03-24).

“On March 24, 2023 and in connection with the Purchase Agreement, the Company and Wilks entered in to a Voting Agreement (the “Voting Agreement”) pursuant to which Wilks agreed to, at any shareholder meeting held to approve the Transaction, vote the shares beneficially owned by Wilks in favor of (a) the approval of the Transaction, (b) the approval of any proposal to adjourn or postpone any shareholder meeting to a later date if there are not sufficient votes for the approval of the Transaction on the date on which such meeting is held, and (c) any other matter necessary for consummation of the transactions contemplated by the Purchase Agreement or any other document related to the Transaction which is considered at any such meeting or is the subject of any such consent solicitation.”

DAWSON GEOPHYSICAL CO entered into Convertible Promissory Note with Wilks Brothers, LLC valued at $9,880,000.50 principal convertible into 5,811,765 shares at $1.70 per share, automatic conversion u (effective 2023-03-24).

“The Company delivered to Wilks a convertible promissory note (the “Convertible Note”) in the principal amount of $9,880,000.50 payable on or after June 30, 2024 that, upon the terms and subject to the conditions described therein, will automatically convert into 5,811,765 newly-issued shares of common stock of the Company (the “Conversion Shares”) at a conversion price of $1.70 per share, subject to adjustment as described in the Convertible Note, after the Company receives stockholder approval of the proposal to issue the Conversion Shares upon conversion of the Convertible Note in accordance with Listing Rule 5635 of the NASDAQ Listed Company Manual.”

DAWSON GEOPHYSICAL CO entered into Asset Purchase Agreement with Wilks Brothers, LLC; Breckenridge Geophysical, LLC valued at Purchase of substantially all Breckenridge assets for 1,188,235 common shares and a $9,880,000.50 co (effective 2023-03-24).

“On March 24, 2023, Dawson Geophysical Company (the “Company”) entered into an Asset Purchase Agreement (the “Purchase Agreement”) with Wilks Brothers, LLC, for the limited purposes set forth therein (“Wilks”) and Breckenridge Geophysical, LLC (“Breckenridge”).”

DAWSON GEOPHYSICAL CO reported preliminary financial results for fourth quarter and fiscal year ended December 31, 2022.

“On March 13, 2023, Dawson Geophysical Company (the “Company”) issued a press release reporting its preliminary and unaudited financial results for its fourth quarter and full year ended December 31, 2022.”

DAWSON GEOPHYSICAL CO shareholders approved Advisory approval of executive compensation at the 2022-12-20 meeting.

“3. Proposal to approve, on an advisory basis, the executive compensation of the named executive officers. Number of Shares For 16,702,372 Against 95,226 Abstain 5,587”

DAWSON GEOPHYSICAL CO shareholders approved Ratification of independent registered public accounting firm at the 2022-12-20 meeting.

“2. Proposal to ratify the appointment of RSM US LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022. Number of Shares For 16,772,081 Against 29,862 Abstain 1,242”

DAWSON GEOPHYSICAL CO shareholders approved Election of Directors at the 2022-12-20 meeting.

“1. Proposal to elect a Board of Directors to hold office until the next annual meeting of shareholders and until their successors are elected and qualified. Number of Shares Director Name For Withheld Matthew Wilks 16,471,003 332,182 Bruce Bradley 16,742,961 60,224 Albert Conly 16,743,094 60,091 Jose Carlos Fernandes 16,742,997 60,188 Sergei Krylov 16,433,257 369,928”

DAWSON GEOPHYSICAL CO reported quarter ended September 30, 2022 results: revenue $3,538,000, net income net loss of $7,603,000 or $0.32 loss per common share, EPS $0.32 loss per common share.

““Company”) today reported unaudited financial results for its third quarter ended September 30, 2022. For the quarter ended September 30, 2022, the Company reported revenues of $3,538,000, an increase of approximately 85% compared to $1,914,000 for the comparable quarter ended September 30, 2021. For the third quarter of 2022, the Company reported a net loss of”

Jose Carlos Fernandes was appointed as Director at DAWSON GEOPHYSICAL CO.

“On April 12, 2022, Albert S. Conly and Jose Carlos Fernandes were appointed to the board of directors (the “Board”) of Dawson Geophysical Company (the “Company”), effective immediately.”

Albert S. Conly was appointed as Director at DAWSON GEOPHYSICAL CO.

“On April 12, 2022, Albert S. Conly and Jose Carlos Fernandes were appointed to the board of directors (the “Board”) of Dawson Geophysical Company (the “Company”), effective immediately.”

Mark A. Vander Ploeg resigned as Director at DAWSON GEOPHYSICAL CO.

“On March 22, 2022, each of Ted R. North and Mark A. Vander Ploeg informed the Company of his intention to resign from the board of directors of the Company, effective as of March 23, 2022”

Ted R. North resigned as Director at DAWSON GEOPHYSICAL CO.

“On March 22, 2022, each of Ted R. North and Mark A. Vander Ploeg informed the Company of his intention to resign from the board of directors of the Company, effective as of March 23, 2022”

Bruce Bradley was appointed as Director at DAWSON GEOPHYSICAL CO.

“Matt Wilks, Sergei Krylov and Bruce Bradley were appointed to the Company’s board of directors”

Sergei Krylov was appointed as Director at DAWSON GEOPHYSICAL CO.

“Matt Wilks, Sergei Krylov and Bruce Bradley were appointed to the Company’s board of directors”

Matt Wilks was appointed as Chairman at DAWSON GEOPHYSICAL CO.

“Matt Wilks, Sergei Krylov and Bruce Bradley were appointed to the Company’s board of directors, with Mr. Wilks appointed to serve as Chairman”

Michael Klofas resigned as Director at DAWSON GEOPHYSICAL CO.

“Stephen Jumper, Craig Cooper and Michael Klofas each resigned as directors”