Bristow Q2 Earnings Beat, Closes $105M Berry Aviation Deal, Affirms 2026 Outlook
VTOL sits 45% above its 52-week low of $33.01.
Summary
Bristow Group reported Q2 revenue of $411.8M, beating estimates, closed the $105M Berry Aviation acquisition, affirmed 2026 Adjusted EBITDA guidance of $295–$325M, and declared a $0.125 dividend.
Key Events · Earnings and Guidance · VTOL
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Q2 Revenue and Earnings Beat
Total revenues of $411.8 million topped the $407.5 million consensus, with net income of $21.2 million ($0.70 per diluted share) and Adjusted EBITDA of $79.8 million, up 35% sequentially.
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Berry Aviation Acquisition Closed
Completed the $105 million all-cash acquisition of Berry Aviation on July 13, 2026, adding ~$18 million in expected 2026 EBITDA and expanding government services capabilities.
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2026 Guidance Affirmed, Segment Outlook Updated
Reaffirmed full-year 2026 Adjusted EBITDA range of $295–$325 million; updated segment revenue and Adjusted Operating Income ranges, with Offshore Energy Services now expected at $235–$245 million.
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Quarterly Dividend Declared
Declared a cash dividend of $0.125 per share, payable August 28, 2026, to shareholders of record on August 14, 2026.
Analysis · VTOL · Energy & Transportation
A strong Q2 saw Bristow deliver revenue of $411.8 million, beating consensus, and Adjusted EBITDA of $79.8 million — a 35% sequential jump. The company completed its $105 million all-cash acquisition of Berry Aviation, adding differentiated government services capabilities and ~$18 million in expected 2026 EBITDA. Management affirmed its full-year Adjusted EBITDA guidance of $295–$325 million and declared a $0.125 quarterly dividend. The balance sheet remains solid with $312 million in unrestricted cash and no near-term maturities. This filing combines an earnings beat, a closed strategic acquisition, and a reaffirmed outlook — a trifecta of positive signals for a $1.4 billion market cap company.
At the time of this filing, VTOL was trading at $47.74 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $33.01 to $50.38. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.