Overview
Bristow Q3 revenue rises sequentially but misses analyst expectations
Adjusted EBITDA for Q3 beats analyst expectations, reflecting strong performance
Company updates 2025 and 2026 Adjusted EBITDA outlook, projecting significant growth
Outlook
Bristow updates 2025 adjusted EBITDA outlook to $240 - $250 mln
Company expects 2026 adjusted EBITDA between $295 mln and $325 mln
Bristow sees 2026 revenue growth in Government Services to $440 - $460 mln
Result Drivers
OTHER SERVICES - Increased activity in Australia drove revenue growth despite dry-lease contract conclusion
OFFSHORE ENERGY SERVICES - Lower utilization in Europe and Africa led to revenue decline, offset by higher utilization in Americas
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $386.30 mln | $400 mln (1 Analyst) |
Q3 EPS | $1.72 | ||
Q3 Net Income | $51.50 mln | ||
Q3 Adjusted EBITDA | Beat | $67.09 mln | $64.40 mln (1 Analyst) |
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the airlines peer group is "buy"
Wall Street's median 12-month price target for Bristow Group Inc is $45.00, about 5.1% above its November 3 closing price of $42.71
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago
Press Release: ID:nPn2jc2wba
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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.)