Bristow Group Reports Third Quarter 2026 Results

(NYSE:VTOL) Bristow Group Inc. reported total revenues of $437.9 million for the third quarter ended September 30, 2026, compared to $411.8 million in the previous quarter. Net income attributable to Bristow Group Inc. was $27.7 million, or $0.93 per diluted share, up from $21.2 million, or $0.70 per diluted share, in the prior quarter. Adjusted EBITDA for Q3 2026 was $89.6 million, compared to $79.8 million in Q2 2026. The company repurchased 547,785 shares for total consideration of $25.0 million during the quarter, representing an average repurchase price of $45.64 per share. Bristow declared a quarterly cash dividend of $0.125 per share of common stock, payable on November 27, 2026, to shareholders of record as of November 13, 2026. Through the first nine months of 2026, Bristow paid cash dividends of more than $11 million and repurchased more than $36 million of common shares. As of September 30, 2026, Bristow had $233.4 million of unrestricted cash and $53.9 million of remaining availability under its asset-based revolving credit facility, for total liquidity of $287.3 million. Purchases of property and equipment in the current quarter were $20.8 million, of which $5.1 million were maintenance capital expenditures, and cash proceeds from the sale of assets were $19.2 million. Offshore Energy Services revenues were $256.0 million in Q3 2026, with operating income of $49.2 million and adjusted operating income of $68.5 million. Government Services revenues were $130.0 million, with an operating loss of $1.4 million and adjusted operating income of $9.7 million. Other Services revenues were $51.9 million, with operating income of $9.9 million and adjusted operating income of $12.6 million. The company affirmed its 2026 Adjusted EBITDA midpoint guidance and provided a 2026 outlook of total revenues between $1,640 million and $1,700 million, and Adjusted EBITDA between $300 million and $320 million. Bristow Special Missions (formerly Berry Aviation) contributed $16.9 million of revenues to Government Services and $9.2 million to Other Services in the quarter. The company experienced supply chain challenges, particularly affecting delayed aircraft modification programs for new search and rescue contracts, which depressed current margins in Government Services. Bristow expects these supply chain issues to stabilize during 2027, facilitating a return to historically strong margins on long-term government contracts. The company sold one AW189 heavy helicopter as part of a sale lease-back transaction, two AW139 medium helicopters, and various other assets, resulting in net gains of $1.9 million in the quarter. As of September 30, 2026, $96.0 million remained available under the $125.0 million share repurchase program authorized in February 2025.

Bristow Group Declares Cash Dividend

(NYSE:VTOL) Bristow Group Inc. declared a cash dividend of $0.125 per share of common stock. The quarterly cash dividend is payable on November 27, 2026, to shareholders of record at the close of business on November 13, 2026. The company states that while it intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends and the establishment of record and payment dates are subject to final determination by the Board of Directors each quarter after reviewing the company's financial performance. Bristow Group Inc. is described as a leading global provider of mission-critical aviation services for government entities, offshore energy companies, and other customers. The company operates through three segments: Offshore Energy Services (OES), Government Services, and Other Services. Bristow provides aviation services including personnel transportation, offshore energy logistics, search and rescue (SAR), special missions, intelligence, surveillance and reconnaissance (ISR) operations, maintenance, repair and overhaul (MRO) services, medevac, unmanned systems, on-demand cargo logistics (ODC), and other specialized aviation solutions. The company is also involved in advanced air mobility (AAM) initiatives and emerging next-generation aviation technologies. Bristow highlights its diversified customer and revenue mix and broad geographic footprint as supporting a durable and balanced business profile. The company currently has a presence in Australia, Brazil, Canada, Chile, Ireland, Kenya, Netherlands, Nigeria, Norway, Philippines, Spain, Trinidad, United Kingdom, and United States. The announcement reiterates the company's commitment to providing aviation services globally. The dividend declaration reflects the company's ongoing financial management and shareholder return strategy. The Board of Directors retains discretion over future dividend payments and schedules. The company emphasizes its role in supporting government and energy sector clients with mission-critical aviation solutions. Bristow's operations include both manned and unmanned aircraft, as well as advanced technology initiatives. The company's global reach is underscored by its presence in multiple continents and key markets.

(NYSE: VTOL) Bristow Group Inc. declared a cash dividend of $0.125 per share of common stock. The quarterly cash dividend is payable on August 28, 2026, to shareholders of record at the close of business on August 14, 2026. Bristow Group Inc. is described as the leading global provider of innovative and sustainable vertical flight solutions. The company operates three segments: Offshore Energy Services (OES), Government Services, and Other Services. Bristow Group Inc. currently has a presence in Australia, Brazil, Canada, Chile, Ireland, Kenya, Netherlands, Nigeria, Norway, Philippines, Spain, Trinidad, United Kingdom, and United States. The company intends to pay regular quarterly cash dividends for the foreseeable future, but all subsequent dividends and the establishment of record and payment dates are subject to final determination by the Company's Board of Directors each quarter after its review of the Company's financial performance.