Company Quick10K Filing
Dawson Geophysical
10-Q 2020-03-31 Filed 2020-05-07
10-K 2019-12-31 Filed 2020-03-06
10-Q 2019-09-30 Filed 2019-11-05
10-Q 2019-06-30 Filed 2019-08-06
10-Q 2019-03-31 Filed 2019-05-07
10-K 2018-12-31 Filed 2019-03-06
10-Q 2018-09-30 Filed 2018-11-02
10-Q 2018-06-30 Filed 2018-08-06
10-Q 2018-03-31 Filed 2018-05-08
10-K 2017-12-31 Filed 2018-03-09
10-Q 2017-09-30 Filed 2017-11-03
10-Q 2017-06-30 Filed 2017-08-04
10-Q 2017-03-31 Filed 2017-05-09
10-K 2016-12-31 Filed 2017-03-13
10-Q 2016-09-30 Filed 2016-11-07
10-Q 2016-06-30 Filed 2016-08-09
10-Q 2016-03-31 Filed 2016-05-10
10-K 2015-12-31 Filed 2016-03-16
10-Q 2015-09-30 Filed 2015-11-06
10-Q 2015-06-30 Filed 2015-08-07
10-Q 2015-03-31 Filed 2015-05-18
10-K 2014-12-31 Filed 2015-03-16
10-Q 2014-09-30 Filed 2014-11-10
10-Q 2014-06-30 Filed 2014-08-11
10-Q 2014-03-31 Filed 2014-05-08
10-K 2013-12-31 Filed 2014-03-17
10-Q 2013-09-30 Filed 2013-11-08
10-Q 2013-06-30 Filed 2013-08-08
10-Q 2013-03-31 Filed 2013-05-10
10-K 2012-12-31 Filed 2013-03-15
10-Q 2012-09-30 Filed 2012-11-09
10-Q 2012-03-31 Filed 2012-05-10
10-K 2011-12-31 Filed 2012-03-15
10-Q 2011-09-30 Filed 2011-11-09
10-Q 2011-06-30 Filed 2011-08-09
10-Q 2011-03-31 Filed 2011-05-16
10-K 2010-12-31 Filed 2011-03-18
10-Q 2010-09-30 Filed 2010-11-08
10-Q 2010-06-30 Filed 2010-08-09
10-Q 2010-03-31 Filed 2010-05-10
10-K 2009-12-31 Filed 2010-03-16
8-K 2020-05-07 Earnings, Exhibits
8-K 2020-04-30 Regulation FD, Exhibits
8-K 2020-04-15 Enter Agreement, Off-BS Arrangement, Officers, Exhibits
8-K 2020-02-27 Earnings, Exhibits
8-K 2020-02-20 Regulation FD, Exhibits
8-K 2019-10-31 Earnings, Exhibits
8-K 2019-10-24 Regulation FD, Exhibits
8-K 2019-09-30 Enter Agreement, Off-BS Arrangement, Other Events, Exhibits
8-K 2019-08-01 Earnings, Exhibits
8-K 2019-07-25 Regulation FD, Exhibits
8-K 2019-06-30 Enter Agreement, Off-BS Arrangement, Officers, Exhibits
8-K 2019-04-30 Earnings, Shareholder Vote, Exhibits
8-K 2019-04-25 Regulation FD, Exhibits
8-K 2019-02-28 Earnings, Exhibits
8-K 2019-02-21 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2018-11-01 Earnings, Exhibits
8-K 2018-10-25 Regulation FD, Exhibits
8-K 2018-09-13 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-08-02 Earnings, Exhibits
8-K 2018-07-26 Regulation FD, Exhibits
8-K 2018-06-30 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-05-04 Officers, Exhibits
8-K 2018-05-01 Earnings, Officers, Shareholder Vote, Other Events, Exhibits
8-K 2018-04-26 Regulation FD, Exhibits
8-K 2018-03-01 Regulation FD, Exhibits
8-K 2018-03-01 Earnings, Exhibits
8-K 2018-02-22 Regulation FD, Exhibits

Dawson Geophysical Financials

DWSN Metrics, Comps, Filings

Quarterly | Annual

Business

Dawson Geophysical Company, a Texas corporation (the “Company”), is a leading provider of North American onshore seismic data acquisition services with operations throughout the continental United States (“U.S.”) and Canada. We acquire and process 2‑D, 3‑D and multi‑component seismic data for our clients, ranging from major oil and gas companies to independent oil and gas operators as well as providers of multi‑client data libraries. Our principal business office is located at 508 West Wall, Suite 800, Midland, Texas 79701 (Telephone: 432‑684‑3000), and our internet address is www.dawson3d.com. We make available free of charge on our website our annual reports on Form 10‑K, quarterly reports on Form 10‑Q, and current reports on Form 8‑K as soon as reasonably practicable after filing or furnishing such information with the Securities and Exchange Commission (“SEC”).

On February 11, 2015, the Company, which was formerly known as TGC Industries, Inc. (“Legacy TGC”), consummated a strategic business combination with Dawson Operating Company, which was formerly known as Dawson Geophysical Company (“Legacy Dawson”), pursuant to which a wholly‑owned subsidiary of Legacy TGC merged with and into Legacy Dawson, with Legacy Dawson continuing after the merger as the surviving entity and a wholly‑owned subsidiary of Legacy TGC (the “Merger”). In connection with the Merger, Legacy Dawson changed its name to “Dawson Operating Company” and Legacy TGC changed its name to “Dawson Geophysical Company.” Legacy TGC was formed in 1980. Legacy Dawson was formed in 1952.

Except as otherwise specifically noted herein, references herein to the “Company,” “we,” “us” or “our” refer to post‑combination Dawson Geophysical Company and its consolidated subsidiaries, including Legacy Dawson.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Abraxas Petroleum (AXAS) 89,887 0% 2.9 13% 441,024 269,451 136,866 0 59,083 97,450 283,907
Torchlight Energy Resources (TRCH) 77,226 42% -24.5 -9% 43,537 23,719 619 261 -3,820 -3,126 76,465
Lonestar Resources (LONE) 75,995 0% 7.8 -4% 780,213 585,394 146,101 0 -29,058 73,758 576,779
EP Energy (EPE) 67,500 39% 1.0 -20% 3,962,000 5,364,000 637,000 247,000 -810,000 -127,000 -121,500
Chaparral Energy (CHAP) 59,867 66% -4.8 -18% 1,145,904 538,181 232,291 153,802 -200,759 -92,495 439,437
Dawson Geophysical (DWSN) 50,410 0% -7.2 -15% 140,249 31,623 139,886 0 -21,201 -4,297 30,846
Ultra Petroleum (UPL) 39,721 0% 14.7 8% 1,846,558 2,690,356 844,316 0 148,998 148,829 2,190,186
TransAtlantic Petroleum (TAT) 36,356 0% 1.3 -2% 143,273 87,594 50,909 0 -2,841 22,388 28,907
Lilis Energy (LLEX) 29,375 0% -5.8 -10% 474,681 240,639 50,866 0 -45,371 -22,598 130,036
Halcon Resources (HK) 29,199 0% -0.3 -89% 1,166,630 1,018,199 159,110 0 -1,040,687 -1,040,678 270,424
Sanchez Energy (SN) 26,040 60% 34.8 -8% 2,862,810 3,085,032 574,351 342,909 -232,759 65,517 2,280,892
Zion Oil & Gas (ZN) 23,363 9.2 -33% 15,585 6,153 0 0 -5,102 2,036 18,721
Pioneer Energy Services (PES) 20,593 19% 12.9 -10% 689,693 576,545 587,314 113,195 -68,562 36,391 467,640
CKX Lands (CKX) 19,483 0% 59.6 1% 15,799 414 599 0 187 278 16,543
Approach Resources (AREX) 15,986 0% 57.0 -5% 1,054,954 515,305 71,754 0 -48,708 7,291 415,252
SAExploration (SAEX) 13,349 9% -2.4 -28% 191,708 175,409 125,279 11,171 -53,420 -41,951 99,693
Houston American Energy (HUSA) 12,298 0% -18.0 -12% 8,200 1,006 1,200 0 -962 -658 11,845
Mexco Energy (MXC) 9,405 0% 16.0 -2% 9,884 1,575 2,549 0 -186 614 9,817
New Concept Energy (GBR) 8,724 0% -3.8 -40% 5,976 3,550 318 0 -2,390 -2,306 8,863
Tengasco (TGC) 6,712 0% 10.6 -3% 9,182 2,670 5,151 0 -269 305 3,230

Balance Sheet ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash21,93021,73915,74610,66224,25921,4818,6149,99924,80721,33616,13015,29330,51225,06411,36320,64237,27539,01537,00930,37825,69518,26314,62427,82035,17930,50322,01317,60826,75528,16328,72923,40534,27819,670
Accounts Receivable12,68517,51819,35154,41224,56127,77935,64137,64914,81311,75410,74239,40322,1908,98619,57157,79531,29737,44335,70026,72015,64712,77216,03124,03418,94325,59933,13841,21527,89529,80025,33835,66116,59035,969
Inventory
PP&E135,301144,473152,083170,243188,407191,634206,713205,869202,382203,099200,180198,594198,929201,938199,239366,436367,825357,420345,619139,136128,374117,821324,950104,14196,47395,274307,84482,05675,46976,565293,94866,69662,58257,848
Assets89,42498,22699,881140,396139,689135,564142,028139,959119,489109,57898,302114,779114,28095,95685,122295,961265,557260,291247,787234,450215,555197,582187,666180,038169,300171,641165,238170,079161,711161,037150,685155,172142,216140,249
Accounts Payable2,7645,9419,25620,00113,55112,43813,68112,4193,1564,2384,0989,84015,4467,2957,76413,8607,2168,9298,4014,1522,5103,9815,6177,4315,5526,2725,9339,0577,62910,0375,4277,1033,9226,312
Long-Term Debt2,9406,5095,32910,19813,94011,95214,41312,25310,0868,1016,4834,8573,2176,3125,2257,9216,0394,0252,1061,295676655,8295,1534,4463,7367,3736,0974,8613,581106
Liabilities38,83136,16263,54465,30458,02064,04256,55840,95134,07829,17142,87644,59831,96628,06165,78047,06145,49538,06932,41625,15419,40616,78218,00221,62326,08123,98630,58727,83731,78033,66937,92035,77131,623
Stockholders' Equity59,39563,72076,85274,38677,54477,98683,40178,53875,50069,13171,90269,68263,99057,062230,181218,496214,796209,718202,034190,401178,176170,884162,036147,677145,560141,252139,492133,874129,257117,016117,252106,445108,626
Income Statement ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue30,21631,01339,55267,04530,38441,8355763,20431,48721,11518,72848,80145,92326,09525,71573,72243,33562,49855,13047,05528,08628,12230,06741,92744,27445,62739,12549,88036,15840,44827,67051,16424,07636,976
Cost of Revenue21,95021,71826,08538,54825,01130,91840,80343,23328,28718,49317,66433,91433,07825,07124,940
Gross Profit8,2659,29513,46728,4975,37310,916-40,74619,9723,2012,6221,06414,88812,8451,024775
R&D
SG&A2,2732,4382,4152,3002,0502,1342,2712,3812,7002,3922,3672,6152,3812,2884,5997,5225,6214,9994,5875,5604,0313,6563,5754,3555,1953,4453,8934,0834,4804,1364,5445,0493,797
Tax4356502297,8481,2061,3651,3764,6891,5221,956-2,3123,5392,309-2,113-2,742215-6,372-1,410-2,6602-1,208-1,557-2,716-2,823-394-1,418-679-311,261-232-1210
Net Income587-6,592-11,877-2,870-4,940-8,600-11,589-12,416-7,187-9,154-11,547-2,759-4,544-1,709-4,661-5,171-11,816-137-11,2461,998
Cash Flow ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating4,206-37434,7992,1402,7185,27117,814822-9383,18218,147-1,620-10,454-3,26215,9705,1702,7348,7637,461-1,798-5,684-6,749-1,433-3,39475412,084-66-1,56713,636-10,872
Cash Investing-7,359-2,510-18,324-1,143-8,288-516755-399-508-909116-123-4813,0465,199-392-2,066-13,372-9,951-3,2483,84221,089-2,922-4,329-4,376-1,847-4,428-1,851-9582,628
Cash Financing-2,869-2,362-2,705-3,891-7,183-3,302-3,707-4,113-3,875-3,023-3,251-3,408-3,358-3,685-4,612-2,691-2,618-2,255-2,290-2,184-1,754-1,150-704-857-713-7725,676-2,052-1,921-6,256