06:30 AM EDT, 04/25/2024 (MT Newswires) -- Pulse Seismic ( PLSDF ) overnight Wednesday reported steady first-quarter net earnings of $2.7 million, or $0.05 per share, compared with $2.9 million, or $0.05 per share, in the year-ago quarter.

Revenue for the three months ended March 31 rose 4.8% to $8.8 million from $8.4 million. EBITDA was $6.2 million, or $0.12 per share, compared with $6.6 million, or $0.12 per share.

Pulse's board also approved a 9% increase to the dividend, resulting in an annualized regular dividend of $0.06 per share. The total dividend payout will be about $780,000 based on Pulse's roughly 52 million common shares outstanding as of April 24.

The dividend will be paid May 23 to shareholders of record on May 14.

Pulse said several factors could positively impact the energy industry and consequently its financial performance this year, including the continued strength in crude oil prices, increased global demand for fossil fuels, and the completion of the Trans Mountain pipeline expansion project and the LNG Canada facility.