Bristow Group Q1 revenue rises 3%, beats estimates

Bristow

05/05/2026 21:41

Overview

Aviation services provider's Q1 revenue rose 3% sequentially, beating analyst expectations

Adjusted EBITDA for Q1 missed analyst estimates and declined slightly from prior quarter

Company attributes revenue growth to higher rates and utilization in Americas and Africa

Outlook

Bristow affirms 2026 total revenue outlook of $1.58 bln to $1.69 bln

Company maintains 2026 adjusted EBITDA guidance of $295 mln to $325 mln

Bristow expects to benefit from increased defense spending and energy security trends

Result Drivers

OFFSHORE ENERGY SERVICES - Higher rates and increased utilization in the U.S. and Trinidad, and higher utilization in Africa drove revenue growth in this segment

GOVERNMENT SERVICES - Revenue growth was driven by the transition of the Irish Coast Guard contract, including new base operations

HIGHER OPERATING COSTS - Increased repairs and maintenance, higher depreciation from asset life revisions, and higher leased-in equipment costs weighed on operating income

Company press release: ID:nPn2k24V2a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$388.70 mln
$384.10 mln (4 Analysts)
Q1 EPS
$0.44
Q1 Net Income
$13.10 mln
Q1 Adjusted EBITDA
Miss
$59.30 mln
$69.27 mln (4 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the airlines peer group is "buy"

Wall Street's median 12-month price target for Bristow Group Inc is $59.00, about 19.4% above its May 4 closing price of $49.42

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)