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OFS - Earnings Briefs - March 12, 2019
Dawson Geophysical Co. posted a net loss of $11.8 million in 4Q18, its widest net loss in a year and a half, and expects reduced bid activity in Q1. Crew activity has increased in Q1 to a peak of five in the US and four in Canada, compared with four and three in 4Q18. CEO Stephen Jumper said Dawson is “cautiously optimistic” as WTI recovers from its 4Q18 decline. Dawson’s revenue in 4Q18 was $27.7 million, down 32% from 3Q18 and 26% from 4Q17. Ranger......
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