Bristow Group Inc.

Bristow Group Reports Third Quarter 2026 Results

Bristow reported Q3 2026 revenue of $437.9 million with net income of $27.7 million ($0.93 diluted EPS), up from $411.8 million and $0.70 sequentially. Adjusted EBITDA rose to $89.6 million from $79.8 million, and management affirmed the full-year 2026 Adjusted EBITDA guidance midpoint of $300-$320 million. CEO Chris Bradshaw flagged persistent supply chain delays, particularly on new search and rescue aircraft modification programs, which are depressing Government Services margins until an expected 2027 stabilization. Bristow repurchased 547,785 shares for $25.0 million and declared a $0.125 per-share quarterly dividend; Bristow Special Missions (Berry Aviation) contributed $16.9 million of revenue since the July close.

•5d ago

Bristow Group Declares Cash Dividend

Bristow Group declared a quarterly cash dividend of $0.125 per share, payable November 27, 2026 to shareholders of record on November 13, 2026. The company reiterated its intent to pay regular quarterly dividends for the foreseeable future, subject to quarterly board approval based on financial performance. This is a routine continuation of the existing dividend policy with no change to the payout amount.

•10d ago

Elroy Air Announces Bristow’s Reservation of 10 Additional Early Delivery Positions for Chaparral Aircraft

Bristow Group reserved 10 additional early delivery positions for Elroy Air's Chaparral autonomous cargo aircraft, bringing its total to 15, on top of a pre-order agreement for up to 100 drones. The expansion follows the first autonomous, uncrewed flight demonstrations in Houma, Louisiana under the FAA and U.S. DOT eVTOL Integration Pilot Program, with the first production aircraft planned for late 2026 at Kratos' expanding Sacramento facility. For Inflection Point Acquisition Corp. VII (IPXG), which has signed a definitive business combination agreement to take Elroy Air public, the incremental reservations strengthen the demand story ahead of the shareholder vote, though the release cautions that the demand pipeline consists of non-binding letters of intent and uncommitted early delivery reservations.

•1mo ago

BRISTOW GROUP REPORTS SECOND QUARTER 2026 RESULTS

Bristow Group reported Q2 2026 net income of $21.2 million ($0.70 per share) on revenues of $411.8 million, up sequentially from $13.1 million on $388.7 million in Q1, driven by higher rates and strong performance in the Offshore Energy Services segment. The company completed the $105 million all-cash acquisition of Berry Aviation, enhancing its Government Services capabilities, and affirmed its full-year 2026 Adjusted EBITDA guidance range of $295 to $325 million. Bristow declared a dividend of $0.125 per share and ended the quarter with total liquidity of $371.6 million, though supply chain challenges continued to weigh on Government Services with $3.6 million in aircraft availability penalties.

•3mo ago

Bristow Group Declares Cash Dividend

Bristow Group declared a quarterly cash dividend of $0.125 per share on its common stock. The dividend is payable on August 28, 2026 to shareholders of record at the close of business on August 14, 2026. Management indicated an intention to pay regular quarterly cash dividends going forward, subject to final determination by the Board each quarter.

•3mo ago

Consortium launches Project SEAN to advance electric aviation across Scotland's Highlands and Islands

Bristow Group is leading a consortium called Project SEAN to demonstrate electric aircraft flights across Scotland's Highlands and Islands starting in 2027. The initiative is backed by £1.5 million in funding from the UK Department for Transport and will utilize BETA Technologies' ALIA CTOL aircraft. Operations will be based at Inverness Airport, focusing on passenger, cargo, and medical routes to gather data on future electric deployment.

•3mo ago

Acorn Capital Management Completes Exit of Berry Aviation

Bristow Group Inc. has completed the acquisition of Berry Aviation, a provider of specialized aviation services to U.S. government and commercial customers, from Acorn Capital Management. Berry Aviation brings expanded capabilities in unmanned aircraft systems (UAS), maintenance, repair & overhaul, and on-demand cargo operations to Bristow's portfolio. During its ownership, Acorn expanded Berry's UAS business line and optimized cargo operations, positioning the company as an strategic asset for Bristow's growth.

•3mo ago

Bristow Group to Acquire Berry Aviation, Expanding Government Services Platform

Bristow Group announced a definitive agreement to acquire Berry Aviation for $105 million in cash, a move designed to expand its government services platform and diversify revenue. The transaction is immediately accretive to earnings and free cash flow, adding specialized mission capabilities and long-standing U.S. defense contracts. Concurrent with the acquisition, Bristow revealed plans to exit its Norway Offshore Energy Services business as part of a portfolio optimization strategy. Pro forma for 2025, these actions would shift the revenue mix to 35% Government Services and 54% Offshore Energy Services, reducing reliance on the legacy offshore segment. Berry Aviation generated approximately $108 million in revenue in 2025, with 72% derived from government and defense services such as ISR and MRO. The deal is expected to close in Q3 2026, funded by cash on hand, with advisory support from Solomon Partners and Baker Botts.

•4mo ago

Bristow Group Declares Cash Dividend

Bristow Group declared a quarterly cash dividend of $0.125 per share, payable on May 29, 2026 to shareholders of record as of May 15, 2026. The company indicated an intention to pay regular quarterly dividends for the foreseeable future, though future payments remain subject to Board approval each quarter. Bristow provides aviation services to offshore energy companies and government entities globally.

•6mo ago

Norway Takes the Next Step as an International Test Arena with Bristow Group and Electra

Bristow Group joined Electra, Avinor, and the Norwegian Civil Aviation Authority to launch a second international test project for zero- and low-emission aviation in Norway. The agreement involves demonstrations of Electra's hybrid-electric Ultra Short aircraft, capable of 50-meter takeoffs, to generate operational and regulatory insights with test operations targeted for mid-2027. This collaboration leverages Norway's regulatory sandbox to validate the feasibility of regional air mobility using advanced short-takeoff technologies.

•6mo ago