Bristow Group Q1 Revenue Beats Estimates, Up 3%; Adjusted EBITDA Misses
Summary
Bristow Group reported Q1 revenue of $388.70 million, a 3% sequential increase, which surpassed analyst estimates of $384.10 million. This positive top-line performance was driven by higher rates and utilization in Offshore Energy Services and growth in Government Services. However, the company's Adjusted EBITDA of $59.30 million missed consensus estimates of $69.27 million, primarily due to increased operating costs. Despite the mixed results, Bristow Group affirmed its full-year 2026 revenue and adjusted EBITDA guidance, maintaining its outlook following strong fiscal year 2025 performance. Traders will assess the revenue beat against the EBITDA miss and the reiterated guidance.
At the time of this announcement, 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 news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.