Bristow Group Inc. filed its third-quarter 2026 earnings disclosure on November 3, 2026, reporting net income of $27.7 million and total revenues of $437.9 million for the quarter ended September 30, 2026.

Key Highlights

  • Total revenues of $437.9 million in Q3 2026, up from $411.8 million in Q2 2026.
  • Net income of $27.7 million, or $0.93 per diluted share, compared to $21.2 million, or $0.70 per diluted share, in Q2 2026.
  • Adjusted EBITDA of $89.6 million in Q3 2026, compared to $79.8 million in Q2 2026.
  • 547,785 shares repurchased for total consideration of $25.0 million during the quarter.
  • Quarterly cash dividend of $0.125 per share of common stock declared.
  • Full-year 2026 Adjusted EBITDA midpoint reaffirmed, according to the company's disclosure.
  • BSM acquisition (formerly Berry Aviation, Inc.) contributed $16.9 million of Government Services revenues and $9.2 million of Other Services revenues in Q3 2026.

Bristow Group Q3 2026 Sequential Results: Revenue Growth Across Segments

According to the filing, Bristow Group Inc. (NYSE:VTOL) reported total revenues of $437,920 thousand and operating income of $47,703 thousand for the three months ended September 30, 2026. Net cash provided by operating activities was $61,161 thousand, up from $41,076 thousand in Q2 2026. The company also reported EBITDA of $78,315 thousand and Free Cash Flow of $56,028 thousand for the quarter.

The filing disclosed that Government Services revenues rose $17.8 million sequentially to $130.0 million, primarily driven by the inclusion of Bristow Special Missions Inc. (BSM), formerly known as Berry Aviation, Inc., which the company acquired in July. BSM contributed $16.9 million to Government Services revenues in the quarter. The Government Services segment reported an operating loss of $1,425 thousand, an improvement from the $2,145 thousand operating loss in Q2 2026. According to the filing, President and CEO Chris Bradshaw stated that supply chain challenges have caused delays in aircraft modification programs for new search and rescue contracts, which are "depressing current margins in Bristow's Government Services business," and that the company expects these issues "to stabilize during 2027."

Offshore Energy Services revenues were $256.0 million in Q3 2026, a decrease of $5.6 million from Q2 2026, the filing disclosed, with lower Europe revenues of $10.9 million partially offset by higher Americas revenues of $6.0 million. Despite the revenue decline, Offshore Energy Services operating income rose $3.2 million to $49,236 thousand, primarily due to lower operating expenses of $8.3 million. Other Services revenues increased $14.0 million to $51,868 thousand, with the filing attributing $9.2 million to BSM and $4.8 million to increased activity in Australia. Through the first nine months of 2026, the company reported paying cash dividends of more than $11 million and repurchasing more than $36 million of common shares.

What Was Disclosed

Bristow Group disclosed Q3 2026 financial results for the quarter ended September 30, 2026, including revenues, net income, segment results, share repurchases, a quarterly dividend declaration, and reaffirmation of its full-year 2026 Adjusted EBITDA midpoint guidance.