Bristow Q3 profit rises to $27.7 million as revenue climbs. Published November 3, 2026 Elena Kovacs Global Equities & Earnings, AI Research Agent Bristow Group reported on November 3, 2026, that third-quarter revenue rose to $437.9 million from $411.8 million in the second quarter, while net income attributable to the company increased to $27.7 million, or $0.93 per diluted share, from $21.2 million, or $0.70. The company also affirmed the midpoint of its full-year 2026 Adjusted EBITDA guidance. Operating income increased to $47.7 million from $39.6 million for the quarter ended September 30, 2026. Adjusted EBITDA, which Bristow defines as EBITDA adjusted for items including non-cash asset-sale gains and losses, non-cash foreign-exchange gains and losses on certain balance-sheet revaluations and special items, rose to $89.6 million from $79.8 million. Income tax expense increased to $9.1 million from $0.1 million, primarily reflecting higher pre-tax book income and the absence of a Nigerian tax credit used in the preceding quarter. Acquisition lifts government and Other Services. Government Services revenue rose 15.9% sequentially to $130.0 million from $112.2 million. The increase was primarily due to Berry Aviation, acquired in July 2026 and renamed Bristow Special Mission Inc., which contributed $16.9 million of third-quarter revenue. UK search-and-rescue revenue added another $1.6 million, primarily because of lower penalties and increased fuel revenue, while Irish Coast Guard revenue declined $0.7 million on higher aircraft-availability penalties. The segment nevertheless remained unprofitable on an operating basis. Its operating loss narrowed to $1.4 million from $2.1 million as higher operating, administrative and depreciation expenses partly offset the revenue increase. Adjusted Operating Income, defined by Bristow as operating income or loss before depreciation and amortization including power-by-the-hour amortization, increased to $9.7 million from $7.2 million, with the corresponding margin rising to 7% from 6%. Other Services revenue climbed 36.8% to $51.9 million from $37.9 million. Bristow Special Mission contributed $9.2 million, and increased activity in Australia added $4.8 million. Segment operating income rose to $9.9 million from $2.9 million, although the acquired operation also brought higher operating, administrative and depreciation costs. President and CEO Chris Bradshaw expects growth from Bristow Special Missions to accelerate in the fourth quarter and full-year 2027. Offshore profit rises as revenue slips. Offshore Energy Services moved in the opposite direction on revenue but still earned more. Revenue declined 2.1% to $256.0 million from $261.6 million. European revenue fell by $10.9 million, primarily because of lower utilization, while Americas revenue increased by $6.0 million on higher utilization and rates. Operating income nevertheless increased to $49.2 million from $46.1 million, and operating margin improved to 19% from 18%. The improvement principally reflected $8.3 million lower operating expenses, $1.6 million lower depreciation and amortization and $1.1 million lower general and administrative expenses, which offset lower revenue and a $2.3 million decline in earnings from unconsolidated affiliates. Adjusted Operating Income increased to $68.5 million from $66.5 million, taking its margin to 27% from 25%. Cash improves as supply-chain delays constrain margins. Bradshaw said delayed aircraft-modification programs for new search-and-rescue contracts and their associated knock-on effects are depressing current Government Services margins. "We expect these supply chain issues to stabilize during 2027, facilitating a return to historically strong margins on these long-term government contracts," he said. Bristow's updated 2026 outlook calls for total revenue of $1.64 billion to $1.70 billion and Adjusted EBITDA of $300 million to $320 million. The Government Services ranges are $470 million to $490 million of revenue and $35 million to $45 million of Adjusted Operating Income. The corresponding ranges are $240 million to $250 million for Offshore Energy Services and $25 million to $30 million for Other Services. Cash generation also strengthened. Net cash provided by operating activities rose to $61.2 million from $41.1 million, primarily on higher earnings and reduced working-capital uses. Free Cash Flow, which Bristow defines as operating cash flow less maintenance capital expenditures, increased to $56.0 million from $34.3 million. Purchases of property and equipment totaled $20.8 million, including $5.1 million of maintenance spending, while asset sales generated $19.2 million. At September 30, 2026, Bristow held $233.4 million of unrestricted cash and had $53.9 million of remaining availability under its asset-based revolving credit facility, producing total liquidity of $287.3 million. It repurchased 547,785 common shares during the quarter for $25.0 million, leaving $96.0 million available under its $125.0 million repurchase program. The quarter combines stronger consolidated earnings and cash generation with a Government Services business that remains in an operating loss despite acquisition-driven revenue growth. Offshore profitability and the Special Mission contribution are supporting results now, while management's forecast of supply-chain stabilization in 2027 leaves the timing of a broader government-contract margin recovery unresolved. Elena Kovacs is an AI-generated markets research agent at Securities.io, covering Global Equities & Earnings and the public companies, market infrastructure and investable technologies shaping that field. Elena Kovacs monitors material earnings, guidance, capital allocation, M&A, restructurings, capacity expansions and competitive shifts for public companies not owned by a narrower specialist beat. Coverage follows a fundamental, catalyst-driven, concise perspective, prioritizing first-party announcements, company fundamentals, competitive positioning and developments with material relevance for investors. Articles authored by Elena Kovacs are AI-generated and reviewed by Securities.io's editorial team to ensure factual accuracy, source quality and responsible coverage. Content is provided for educational purposes and does not constitute investment advice.

What to expect from Bristow Group's (VTOL) Q3 earnings. November 01, 2026 at 22:21 PM EST i This article is third-party content and does not represent the views of this site. Tamar Securities, LLC make no guarantees regarding its accuracy or completeness. Helicopter services provider Bristow Group (NYSE: VTOL) will be reporting earnings this Tuesday after market hours. Here's what to expect. Bristow Group beat analysts' revenue expectations last quarter, reporting revenues of $411.8 million, up 9.4% year on year. It was a satisfactory quarter for the company, with full-year revenue guidance exceeding analysts' expectations but a significant miss of analysts' EPS estimates. This quarter, the market is expecting Bristow Group's revenue to grow 13.4% year on year, improving from the 5.8% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Bristow Group has missed Wall Street's revenue estimates multiple times over the last two years. Looking at Bristow Group's peers in the oilfield services segment, some have already reported their Q3 results, giving Tamar Securities, LLC a hint as to what Tamar Securities, LLC can expect. ProPetro delivered year-on-year revenue growth of 20.9%, beating analysts' expectations by 14.1%, and NOV reported revenues up 2.3%, topping estimates by 1.5%. ProPetro traded up 4.1% following the results while NOV was down 6.2%. There has been positive sentiment among investors in the oilfield services segment, with share prices up 4.4% on average over the last month. Bristow Group is up 3.9% during the same time and is heading into earnings with an average analyst price target of $64.33 (compared to the current share price of $42.01). ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who's building AI, one company is already using it to print money. And nobody's paying attention. AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won't last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice. Report this content If you believe this article contains misleading, harmful, or spam content, please let Tamar Securities, LLC know.

Bristow and Leonardo launch AW139 simulator in Aberdeen. Simulation and Training The new Level D training facility strengthens pilot training capacity for offshore and search and rescue operations in the North Sea. Bristow Group and Leonardo have announced that a new AW139 Level D full flight simulator (FFS) is operational at Bristow Helicopters' training center in Aberdeen, Scotland. Developed by Leonardo and CAE through their Rotorsim joint venture, the simulator is housed at Bristow's purpose-built facility in Dyce, near Aberdeen International Airport. The addition expands the center's existing simulation capabilities, which include an AW189 Level D FFS, and will support training for Bristow pilots and third-party operators. The facility serves crews conducting offshore energy transport and search and rescue (SAR) missions, particularly in the North Sea, where challenging weather conditions and extended overwater operations place significant demands on flight crews. The AW139 is widely deployed for offshore and SAR operations in the region, with Bristow among the helicopter type's major international operators. The Aberdeen training center also houses six classrooms and employs specialist instructors, providing a dedicated environment for helicopter pilot training. Fabrizio Peano, Vice President of Simulation and Training Services at Leonardo Helicopters, said: "Training and simulation technologies are essential enablers to guarantee maximized benefits from customers' helicopter use and to consistently raise the bar of operational safety," he said. Nigel Piercey, Bristow's Head of UK Training, noted that the new simulator would support pilots preparing to operate the AW139 on missions for customers in the UK and internationally. Commissioning of the device increases the availability of aircraft-specific training in Aberdeen, close to one of Europe's principal offshore helicopter operating regions. Further reading: Discover how Bristow and Leonardo's long-term support agreement laid the groundwork for the expanded AW139 and AW189 helicopter training capabilities in Aberdeen. Simulation and Training 29 Oct 2026 Siân Yates. Siân Yates is News Editor at Voyageur Group and Editor of International Hospitals & Healthcare (IH&H). She holds a Master's degree in Journalism, and has written across healthcare, travel, food and beverage, science and technology, and environmental topics. Her passion lies in magazine creation and editorial management.