Dawson Geophysical Company shares have fallen 22.2% since reporting second-quarter 2026 results, with the net loss widening to $3.4 million, or 11 cents per share, from $2.3 million, or 8 cents per share, a year earlier. Revenues surged 82% to $17.9 million, driven by higher crew production and utilization, while total operating costs rose 71% to $20.9 million, including $1.7 million in strategic transaction costs. Adjusted EBITDA was $643,000, marking the fourth consecutive quarter of positive adjusted EBITDA, and the gross margin improved to 19% from 13%. The company is discussing possible transactions with Wilks Brothers and affiliates, which control about 80% of its shares, though no definitive agreement has been reached.
Dawson Geophysical CompanyQ2 net loss widened to $3.4M from $2.3M, despite revenue surge, causing shares to fall 22.2%.
