Bristow Group Reports Mixed Q1 Results with EPS Decline and Negative Operating Cash Flow
VTOL sits 68% above its 52-week low of $26.53.
Summary
Bristow Group reported Q1 2026 financial results, showing revenue growth but a significant decline in net income and a shift to negative operating cash flow, while affirming its full-year Adjusted EBITDA outlook.
Key Events · Earnings and Guidance · VTOL
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Q1 Revenue Growth
Total revenues increased to $388.7 million in Q1 2026, up from $377.3 million in the preceding quarter.
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Profitability Decline
Net income fell to $13.1 million ($0.44 diluted EPS) in Q1 2026 from $18.4 million ($0.61 diluted EPS) in Q4 2025.
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Negative Operating Cash Flow
Net cash used in operating activities was $8.3 million in Q1 2026, a significant reversal from $76.9 million provided in the prior quarter.
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2026 Outlook Affirmed
The company affirmed its 2026 Adjusted EBITDA outlook range of $295 million to $325 million.
Analysis · VTOL · Energy & Transportation
Bristow Group's Q1 2026 results present a mixed financial picture. While total revenues increased sequentially and reportedly surpassed analyst estimates, net income and diluted EPS saw a notable decline. A key concern is the swing from positive operating cash flow in the prior quarter to a negative $8.3 million in Q1 2026, primarily due to changes in working capital. Despite these profitability and cash flow challenges, management affirmed its 2026 Adjusted EBITDA outlook, which may provide some stability but could also raise questions about the path to achieving that guidance given the Q1 performance. Investors should monitor future cash flow generation and the company's ability to meet its full-year outlook.
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In the 30 days to Aug 25, 2026, 29.6% of the 2856 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.04%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, VTOL was trading at $44.47 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $26.53 to $50.38. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.