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Bristow Group (VTOL)

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Earnings summaries and quarterly performance for Bristow Group.

Recent press releases and 8-K filings for VTOL.

Bristow Group Reports Q4 and Full Year 2025 Results, Affirms 2026 Guidance, Refinances Debt, and Initiates Dividend
VTOL
Earnings
Guidance Update
Debt Issuance
  • Bristow Group reported full year 2025 Adjusted EBITDA of $246 million, in line with guidance, and total revenues were up $75 million compared to 2024.
  • The company affirmed its 2026 guidance, expecting total revenues between $1.6 billion and $1.7 billion and Adjusted EBITDA between $295 million and $325 million, reflecting approximately 25% year-over-year growth.
  • In January 2026, Bristow completed a $500 million senior notes refinancing at a 6.75% coupon rate due in 2033 and initiated a cash dividend program with a $0.125 per share dividend payable on March 26, 2026.
  • The Offshore Energy Services segment expects adjusted operating income to increase by approximately 15% in 2026, driven by improved contract terms with an average rate uplift of about 25% on renewed contracts.
  • The Government Services segment's adjusted operating income is expected to double in 2026, with revenues guided between $440 million and $460 million and adjusted operating income between $70 million and $80 million.
2 days ago
Bristow Group Achieves 2025 Guidance and Affirms 2026 Outlook
VTOL
Earnings
Guidance Update
Debt Issuance
  • Bristow Group achieved its 2025 guidance, reporting $1,490 million in revenues and $246 million in Adjusted EBITDA, and affirmed its 2026 outlook.
  • The company completed a $500 million private offering of 6.750% Senior Secured Notes due 2033 and extended its ABL facility until 2031.
  • A cash dividend of $0.125 per share was declared, payable on March 26, 2026.
  • The Net Asset Value (NAV) per share was $60.60 as of December 31, 2025.
2 days ago
Bristow Group Reports Strong 2025 Financials, Affirms 2026 Guidance, Refinances Debt, and Initiates Dividend
VTOL
Earnings
Guidance Update
Dividends
  • Bristow Group reported full year 2025 Adjusted EBITDA of $246 million and affirmed its 2026 Adjusted EBITDA guidance range of $295 million-$325 million, representing approximately 25% year-over-year growth.
  • The company successfully refinanced its senior notes in January with an upsized $500 million transaction at a lower coupon rate of 6.75% and an extended maturity into 2033.
  • Bristow initiated a cash dividend program, announcing a $0.125 per share dividend payable on March 26, 2026.
  • Adjusted operating income for the Offshore Energy Services segment is projected to increase by approximately 15% in 2026, driven by improved contract renewal terms with an average global rate uplift of about 25%.
2 days ago
Bristow Group Reports Strong Q4 2025 Results, Affirms 2026 Guidance, and Initiates Cash Dividend
VTOL
Earnings
Guidance Update
Dividends
  • Bristow Group reported full year 2025 Adjusted EBITDA of $246 million, in line with guidance, and affirmed its 2026 Adjusted EBITDA guidance range of $295 million-$325 million, reflecting approximately 25% year-over-year growth.
  • The company successfully refinanced its senior notes in January 2026 with an upsized $500 million transaction at a lower coupon rate of 6.75% and an extended maturity into 2033.
  • Bristow Group announced the initiation of a cash dividend program with a $0.125 per share dividend, payable on March 26, 2026.
  • The Offshore Energy Services (OES) segment is experiencing improved contract terms, with an average rate uplift of approximately 25% on leading-edge contracts, contributing to an expected 15% increase in adjusted operating income for the segment in 2026.
  • The company is advancing its position in Advanced Air Mobility, having completed its first electric aviation project and secured initial delivery slots for new generation aircraft, with minimal capital commitment to date.
2 days ago
Bristow Group Inc. Reports Strong 2025 Results, Affirms 2026 Outlook, and Initiates Dividend
VTOL
Earnings
Guidance Update
Dividends
  • Bristow Group Inc. reported full-year 2025 total revenues of $1.5 billion and net income of $129.1 million, with Adjusted EBITDA reaching $245.6 million, in line with its guidance midpoint.
  • The company affirmed a strong 2026 outlook, projecting total Adjusted EBITDA to increase by approximately 25% and Adjusted Free Cash Flow to exceed $200 million.
  • Bristow successfully refinanced its Senior Notes with a $500 million transaction at a lower coupon rate of 6.75%, extending maturity to 2033.
  • A quarterly cash dividend of $0.125 per share was declared, payable on March 26, 2026, marking the initiation of the company's cash dividend program.
3 days ago
Bristow Group Reports Fourth Quarter and Full Year 2025 Results
VTOL
Earnings
Dividends
Guidance Update
  • Bristow Group achieved total revenues of $1.5 billion and net income of $129.1 million for the full year ended December 31, 2025, compared to $1.4 billion and $94.8 million respectively in 2024.
  • For the full year 2025, Adjusted EBITDA was $245.6 million, aligning with the outlook guidance midpoint, and Adjusted Free Cash Flow reached $186.7 million.
  • The company declared a quarterly cash dividend of $0.125 per share of common stock, payable on March 26, 2026.
  • Bristow Group successfully refinanced its Senior Notes with an upsized $500 million transaction at a lower coupon rate of 6.75% and an extended maturity to 2033.
  • For 2026, the company anticipates Adjusted Free Cash Flow in excess of $200 million and expects total Adjusted EBITDA to increase by approximately 25% compared to 2025.
3 days ago
Bristow Group closes $500 million senior secured notes offering and extends ABL facility
VTOL
Debt Issuance
Refinancing
  • Bristow Group Inc. announced the closing of a private offering of $500 million aggregate principal amount of 6.750% senior secured notes due 2033 on January 26, 2026.
  • A portion of the net proceeds from the new notes was used to satisfy and discharge approximately $397 million of outstanding 6.875% Senior Secured Notes due 2028.
  • The company also amended and extended its asset-based revolving credit facility (ABL Facility) until 2031, reducing total commitments from $85 million to $70 million, with an option to increase up to $105 million.
  • The remaining net proceeds from the offering are intended for general corporate purposes.
Jan 27, 2026, 1:52 PM
Bristow Secures First Delivery Slot for Electra EL9 Aircraft
VTOL
Product Launch
New Projects/Investments
  • Bristow Group (VTOL) has entered into a binding Pre-Delivery Payment (PDP) deposit agreement with Electra.aero, Inc., securing the first delivery slot for the EL9 Ultra Short hybrid-electric aircraft.
  • The agreement includes five firm delivery slots for the EL9's first year of production and option rights for an additional 45 aircraft.
  • The EL9 aircraft is capable of carrying nine passengers or 3,000 pounds of cargo for 330 nautical miles, and Bristow intends to deploy it for advanced air mobility solutions for corporate, resort, airline, and government clients.
Jan 21, 2026, 1:00 PM
Bristow Group Announces Private Offering of Senior Secured Notes
VTOL
Debt Issuance
New Projects/Investments
  • Bristow Group Inc. has commenced a private offering of $400 million aggregate principal amount of senior secured notes due 2033.
  • The net proceeds from this offering will be used to fully redeem the 6.875% Senior Secured Notes due 2028, of which approximately $397 million aggregate principal amount was outstanding as of September 30, 2025.
  • The company is also negotiating an ABL Amendment to its asset-backed revolving credit facility, which would reduce total commitments from $85 million to $70 million and extend the maturity date.
  • On an as-adjusted basis as of September 30, 2025, following these transactions, the company would have had pro forma liquidity of $277.2 million, net debt of approximately $464.0 million, and a net leverage of approximately 1.9x.
Jan 13, 2026, 2:18 PM
Elroy Air Completes First A to B Cargo Delivery with Chaparral VTOL Aircraft
VTOL
Product Launch
New Projects/Investments
  • Elroy Air successfully completed its first point A to point B cargo delivery on December 10th using its hybrid-electric VTOL aircraft, Chaparral.
  • The Chaparral is an autonomous aerial system designed to carry up to 300 pounds of cargo across 300 miles for middle-mile logistics and military resupply.
  • During the milestone flight, the drone autonomously carried 213 lbs over a distance of 2.6 miles in Byron, California.
  • Elroy Air is focused on scaling production with Kratos Defense & Security Solutions as its exclusive U.S. manufacturing partner.
Dec 18, 2025, 2:00 PM