Bristow Group Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 revenue $437.9 million, up from $411.8 million sequentially
- ➤Q3 net income $27.7 million, or $0.93 per diluted share
- ➤Adjusted EBITDA $89.6 million, up from $79.8 million sequentially
- ➤2026 Adjusted EBITDA guidance maintained at $300-$320 million
- ➤Repurchased 547,785 shares for $25.0 million; declared $0.125 dividend
Expert Statements
Chris Bradshaw, President and CEO of Bristow Group
“We are pleased to announce strong financial results for the third quarter and to reaffirm the midpoint for Bristow's full-year 2026 Adjusted EBITDA guidance.”
Chris Bradshaw, President and CEO of Bristow Group
“The business is performing well despite significant, adverse impacts from persistent industry supply chain challenges.”
Chris Bradshaw, President and CEO of Bristow Group
“While we are experiencing these challenges across Bristow's business, the most acute impacts can be seen in delayed aircraft modification programs for the Company's new search and rescue contracts.”
Chris Bradshaw, President and CEO of Bristow Group
“These delays, and their associated knock-on effects, are depressing current margins in Bristow's Government Services business.”
Chris Bradshaw, President and CEO of Bristow Group
“We expect these supply chain issues to stabilize during 2027, facilitating a return to historically strong margins on these long-term government contracts.”
Chris Bradshaw, President and CEO of Bristow Group
“Meanwhile, the balance of Bristow's portfolio is performing well, and we maintain a very positive outlook for the business.”
Chris Bradshaw, President and CEO of Bristow Group
“Bristow Special Missions, formerly known as Berry Aviation, has contributed strong financial results since the acquisition closed in July, and we expect this growth to accelerate in the fourth quarter and full-year 2027.”
Chris Bradshaw, President and CEO of Bristow Group
“Bristow's Offshore Energy Services business has continued to demonstrate robust profitability, and we believe positive offshore energy fundamentals and the tight supply of relevant offshore helicopters combine for more favorable industry conditions than we've seen in more than a dozen years.”
Chris Bradshaw, President and CEO of Bristow Group
“Through the first nine months of 2026, Bristow has paid cash dividends of more than $11 million and repurchased more than $36 million of common shares, including $25 million under the Company's opportunistic share repurchase authorization.”
* Total revenues of $437.9 million in Q3 2026 compared to $411.8 million in Q2 2026 * Net income of $27.7 million, or $0.93 per diluted share, in Q3 2026 compared to net income of $21.2 million, or $0.70 per diluted share, in Q2 2026 * Adjusted EBITDA((1) )in Q3 2026 was $89.6 million compared to $79.8 million in Q2 2026 * Repurchased 547,785 shares for total consideration of $25.0 million. Declared a quarterly cash dividend of $0.125 per share of common stock * Affirms 2026 Adjusted EBITDA midpoint HOUSTON, Nov. 3, 2026 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL) ("Bristow" or the "Company") today reported net income attributable to the Company of $27.7 million, or $0.93 per diluted share, for the quarter ended September 30, 2026 (the "Current Quarter") on total revenues of $437.9 million compared to net income attributable to the Company of $21.2 million, or $0.70 per diluted share, for the quarter ended June 30, 2026 (the "Preceding Quarter") on total revenues of $411.8 million.
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