Bristow Group Inc
NYSE:VTOL
Bristow Group Inc
Bristow Group, Inc. provides offshore oil and gas transportation, and search and rescue and aircraft support services to government and civil organizations. The company is headquartered in Houston, Texas and currently employs 3,167 full-time employees. The company went IPO on 2013-01-22. The firm provides aviation services to the oil and gas companies, and commercial, public and private sector search and rescue (SAR) services. The firm also offers fixed-wing transportation and other aviation related solutions. The firm's helicopters transport personnel to, from and between offshore oil and gas production platforms, drilling rigs and other installations. The company owns a range of classes of helicopters, such as heavy helicopters, medium helicopters and light helicopters. Heavy helicopters have twin engines and passenger capacity ranging from 16 to 19. Medium helicopters have twin engines and passenger capacity ranging from 11 to 12. Light helicopters have single or twin engines and a typical passenger capacity of four to seven. Its total fleet consists of approximately 256 aircraft, of which 240 were helicopters.
Bristow Group, Inc. provides offshore oil and gas transportation, and search and rescue and aircraft support services to government and civil organizations. The company is headquartered in Houston, Texas and currently employs 3,167 full-time employees. The company went IPO on 2013-01-22. The firm provides aviation services to the oil and gas companies, and commercial, public and private sector search and rescue (SAR) services. The firm also offers fixed-wing transportation and other aviation related solutions. The firm's helicopters transport personnel to, from and between offshore oil and gas production platforms, drilling rigs and other installations. The company owns a range of classes of helicopters, such as heavy helicopters, medium helicopters and light helicopters. Heavy helicopters have twin engines and passenger capacity ranging from 16 to 19. Medium helicopters have twin engines and passenger capacity ranging from 11 to 12. Light helicopters have single or twin engines and a typical passenger capacity of four to seven. Its total fleet consists of approximately 256 aircraft, of which 240 were helicopters.
Strong Quarter: Bristow reported another solid quarter with adjusted EBITDA of $67.1 million, driven by Government and Other Services.
Guidance Tightened: 2025 and 2026 guidance ranges for both revenue and adjusted EBITDA were tightened, reflecting better visibility.
2026 Growth: Management projects a 27% increase in adjusted EBITDA for 2026 versus 2025 at the midpoint, highlighting robust growth expectations.
Government Services Ramp: Government Services segment expected to nearly double adjusted operating income in 2026 as new contracts reach full operational run rates.
Offshore Helicopter Demand: Despite some lower utilization and supply chain challenges in certain regions, demand in markets like Brazil, Africa, and the Caribbean remains strong.
Supply Chain Constraints: Persistent industry-wide supply chain issues continue to impact both maintenance and new aircraft deliveries.
Healthy Liquidity: Bristow ended Q3 with $246 million in unrestricted cash and $313 million in total liquidity.
Advanced Air Mobility: Progress continues in electric aircraft trials, but no material financial impact expected until at least 2027.
