Keith Beckmann's questions to Bristow Group Inc (VTOL) leadership • Q2 2025
Question
Keith Beckmann from Pickering Energy Partners asked how Bristow's contracting model insulates it from the activity downturns affecting other OFS companies and how a potential 8-10% drop in Q4 floating rig activity would manifest in the company's results.
Answer
President & CEO Chris Bradshaw explained that Bristow is insulated by its business mix (33% non-O&G revenue), a heavy weighting toward more stable production support (80% of OES business), and long-term contracts with monthly standing charges that de-risk exposure to flight activity. He stated that a potential Q4 floater activity drop is not expected to impact the company's provided guidance range, as their outlook already accounts for project timing.