Loading...
•
Dec 31, 2025
Bristow Q4 2025 Earnings Report
Bristow Q4 2025 Earnings Report was released, highlighting the achievement of 2025 outlook and the initiation of a quarterly cash dividend.
Key Takeaways
Bristow Group reported Q4 2025 net income of $18.4 million on revenues of $377.3 million. The company met its full-year 2025 Adjusted EBITDA guidance and affirmed a positive 2026 outlook, driven by expected growth in Government Services and improved terms in Offshore Energy. The company also successfully refinanced its Senior Notes and declared its first quarterly dividend.
Achieved full-year 2025 Adjusted EBITDA of $245.6 million, meeting the midpoint of the company's guidance.
Initiated a quarterly cash dividend of $0.125 per share, supported by a robust balance sheet and positive cash flow outlook.
Successfully refinanced Senior Notes with a $500 million transaction at 6.75%, extending maturity to 2033.
Affirmed 2026 guidance with expectations for Adjusted EBITDA to increase by approximately 25% compared to 2025.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Bristow affirmed its 2026 outlook, projecting significant growth in Adjusted EBITDA and Adjusted Operating Income across its primary segments.
Positive Outlook
- Expected 25% increase in total Adjusted EBITDA for 2026 compared to 2025.
- Government Services Adjusted Operating Income is expected to double in 2026.
- Offshore Energy Services Adjusted Operating Income projected to increase by approximately 15%.
- Anticipated Adjusted Free Cash Flow in excess of $200 million for 2026.
- Increased activity expected in late 2026 and 2027 as new deepwater projects commence.
Challenges Ahead
- Higher operating expenses in Government Services due to contract transitions.
- Lower seasonal flight hours in UKSAR operations impacting quarterly results.
- Potential for continued supply chain disruptions and inflation affecting costs.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...