Quarterly ResultMay 5, 2026, 04:33 PM
Bristow Group Q1 Revenue $388.7M, Net Income $13.1M; Affirms 2026 Outlook
AI Summary
Bristow Group reported first quarter 2026 total revenues of $388.7 million, an increase from $377.3 million in the preceding quarter. However, net income attributable to the company decreased to $13.1 million, or $0.44 per diluted share, compared to $18.4 million, or $0.61 per diluted share, in the prior quarter. The company affirmed its 2026 Adjusted EBITDA outlook range of $295 million to $325 million and declared a quarterly dividend of $0.125 per share.
Key Highlights
- Total revenues increased to $388.7 million in Q1 2026 from $377.3 million in Q4 2025 (+3.0%).
- Net income attributable to Bristow Group Inc. was $13.1 million ($0.44 diluted EPS) in Q1 2026.
- Adjusted EBITDA was $59.3 million in Q1 2026, slightly down from $60.1 million in Q4 2025.
- Affirmed 2026 Adjusted EBITDA outlook range of $295 million to $325 million.
- Offshore Energy Services revenues rose to $254.3 million (+2.8%) due to increased rates and utilization.
- Government Services revenues increased to $107.9 million (+7.8%) due to the Irish Coast Guard contract.
- Declared a quarterly dividend of $0.125 per share of common stock.
- Net cash used in operating activities was $8.3 million in Q1 2026, compared to $76.9 million provided in Q4 2025.