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Pulse Seismic (PSD) investor relations material
Pulse Seismic Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Reported Q3 2025 financial results with total revenue of $3.4 million, up from $2.7 million year-over-year; nine-month revenue reached $44.5 million, up from $17.8 million year-over-year.
Declared a regular quarterly dividend of $0.0175 per share and paid a special dividend of $0.20 per share in Q3, totaling $11.0 million; nine-month total dividends reached $22.9 million.
Renewed Normal Course Issuer Bid, purchasing and cancelling 80,600 shares at an average price of $2.43 per share.
Financial highlights
EBITDA for Q3 2025 was $744,000 ($0.01 per share), down from $1.1 million ($0.02 per share) year-over-year; nine-month EBITDA was $36.0 million ($0.71 per share), up from $11.7 million ($0.23 per share).
Net loss for Q3 2025 was $1.5 million ($0.03 per share), slightly higher than $1.4 million loss year-over-year; nine-month net earnings were $21.4 million ($0.42 per share), up from $2.6 million ($0.05 per share).
Shareholder free cash flow for Q3 2025 was $571,000 ($0.01 per share), down from $1.1 million ($0.02 per share) year-over-year; nine-month free cash flow was $27.7 million ($0.55 per share), up from $10.0 million ($0.19 per share).
Cash provided by operating activities for nine months was $30.4 million, up from $11.9 million year-over-year.
Outlook and guidance
Strong nine-month performance with $44.5 million revenue and $14.0 million working capital, supporting capital returns and a strengthened balance sheet.
Outlook influenced by volatility in seismic data sales, land sales, drilling forecasts, commodity prices, M&A activity, and infrastructure developments.
Alberta land sales in Q3 2025 were 65% of the prior year; British Columbia land sales resumed in Q3 2024 but paused after May 2025.
Drilling activity forecasted to increase 7% in 2025, but actual wells drilled down 5% year-over-year as of September.
Commodity prices weakened, with producers lowering capex and focusing on balance sheets; OPEC actions may further pressure prices.
M&A activity high in early 2025, with potential for further consolidation due to lower valuations.
New infrastructure, such as TMX pipeline and LNG Canada, expected to support future drilling.
Uncertainty from energy tariffs and trade policy may impact future investments.
Next Pulse Seismic earnings date
Next Pulse Seismic earnings date
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