Canada's Pulse Seismic Q2 revenue drops on lower data licensing

Overview

• Canada seismic data provider's Q2 revenue fell sharply yr/yr amid lower data licensing activity

• Q2 net earnings and EBITDA declined significantly from prior-year period

• Company raised regular quarterly dividend by 7% to C$0.01875 per share

Outlook

• Pulse does not provide specific financial guidance due to poor visibility of seismic revenue

• Company says Alberta land sales and drilling activity are up, supporting energy sector momentum

• Pulse highlights ongoing uncertainty from policy, geopolitical tensions and market volatility

Result Drivers

• LOWER DATA LICENSING - Co said moderate pace of data licensing in early 2026 followed a year of significant data deployment

• MARKET VARIABILITY - Co said timing and volume of new licensing reflects broader energy sector activity and investment cycles

Company press release: ID:nGNX3qLf2N

Key Details

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)