#United States #Houston #Aviation Services #Bristow Group #Q1 2026

Bristow Group First Quarter 2026 Financial Results

HOUSTON, May 5, 2026 – Bristow Group Inc. (NYSE: VTOL), a leading global provider of innovative aviation solutions, has released its financial results for the first quarter of 2026. The company reported total revenues of $388.7 million, representing an increase from $377.3 million in the previous quarter. However, net income decreased to $13.1 million, or $0.44 per diluted share, compared to $18.4 million, or $0.61 per diluted share, in Q4 2025.

Financial Highlights

The financial performance of Bristow Group shows mixed results. Here are some key highlights:

• - Total Revenues: Increased by 3.4% from the last quarter, improving from $377.3 million to $388.7 million.
• - Net Income: Decreased by 29% to $13.1 million from the previous quarter’s $18.4 million.
• - Adjusted EBITDA: The adjusted EBITDA for Q1 2026 stood at $59.3 million, slightly down from $60.1 million in the last quarter.
• - Operating Income: Bristow recorded an operating income of $34.7 million, up from $32.1 million in the preceding quarter.
• - Share Performance: Basic earnings per share were reported at $0.45 and diluted earnings at $0.44, down from $0.63 and $0.61, respectively, in the previous quarter.

Business Segment Performance

The report highlighted performance variations across different segments of the business:

Offshore Energy Services

The Offshore Energy Services segment generated revenues of $254.3 million, up from $247.5 million in Q4 2025. Key movements included:

• - Increased Revenues: Driven by higher rates and utilization, particularly in the Americas with a $5.6 million boost from activities in the U.S. and Trinidad.
• - Operating Income Margin: Witnessed a decline from 17% to 14%, primarily due to higher operating costs.

Government Services

The Government Services segment reported revenues of $107.9 million, an increase from $100.1 million.

• - Improved Operating Income: Transitioning contracts, particularly with the Irish Coast Guard, positively impacted revenues, leading to a slight operating profit from prior losses.

Other Services

Conversely, the other services segment faced a decline in revenues to $26.5 million from $29.7 million due to seasonal variations and lower operational activities.

Outlook for 2026

Bristow's President and CEO, Chris Bradshaw, expressed optimism about the company’s positioning in relation to evolving market trends. He stated, "Bristow is favorably positioned to benefit from three global megatrends: increased defense spending, energy security importance, and the electrification of transportation." Bristow projects 2026 adjusted EBITDA within a range of $295 to $325 million, showcasing potential for growth despite current challenges.

Challenges and Strategies

Bristow emphasizes focusing on organic and inorganic growth opportunities, fueled by geopolitical factors and the need for secure hydrocarbon supplies. The company aims to capitalize on early leadership in electric and hybrid-electric aircraft markets, anticipating substantial growth in these sectors moving forward. The financial strategies and operational insights indicate a cautious but ambitious approach as the company navigates through ongoing industry fluctuations.

Conclusion

Bristow Group's financial performance in Q1 2026 reflects its resilient operations amid fluctuating market conditions. With a strong focus on adapting to global trends, the company remains poised for potential growth in the upcoming quarters while addressing financial challenges. Investors and stakeholders are encouraged to tune into the earnings call scheduled for May 6, 2026, at 10 a.m. ET for further insights and guidance on the company’s future direction.

For additional information regarding Bristow Group and its services, visit Bristow Group's website.