Revenue: As of FY2026 Q2, the actual value is USD 411.76 M, beating the estimate of USD 407.97 M.

EPS: As of FY2026 Q2, the actual value is USD 0.7, missing the estimate of USD 0.85.

EBIT: As of FY2026 Q2, the actual value is USD 48.93 M.

Financial Highlights for Q2 2026 (Three Months Ended June 30, 2026)

Bristow Group Inc. reported total revenues of $412 million in Q2 2026, an increase of $23.1 million compared to $389 million in the preceding quarter (Q1 2026).

Adjusted EBITDA

Adjusted EBITDA for Q2 2026 was $80 million, which is $20.5 million higher than the $59 million reported in Q1 2026. The Adjusted EBITDA margin was 19% in Q2 2026, up from 15% in Q1 2026.

Net Cash Provided by Operating Activities

Net cash provided by operating activities was $41.1 million in Q2 2026, a significant improvement from net cash used by operating activities of - $8.3 million in the preceding quarter.

Adjusted Free Cash Flow

Adjusted Free Cash Flows were $35.807 million in Q2 2026, compared to - $11.766 million in Q1 2026, representing an increase of $47.6 million.

Dividends

Bristow Group Inc. paid $3.7 million in dividends during Q2 2026. The company declared a cash dividend of $0.125 per share of common stock, payable on August 28, 2026.

Segment Revenue

• Offshore Energy Services (OES): Revenues were $262 million in Q2 2026, an increase of $7.3 million from $254 million in Q1 2026, driven by higher rates and fuel revenues in Europe ($5.9 million higher) and the Americas ($1.2 million higher).
• Government Services: Revenues reached $112 million in Q2 2026, up $4.4 million from $108 million in Q1 2026, mainly due to higher UKSAR revenues ($1.6 million), increased Irish Coast Guard (IRCG) revenues ($1.5 million), and higher utilization in the U.S. ($1.0 million).
• Other Services: Revenues were $38 million in Q2 2026, an increase of $11.4 million from $27 million in Q1 2026, primarily due to higher seasonal utilization and fuel revenues.

Adjusted Operating Income by Segment

• Offshore Energy Services (OES): Adjusted Operating Income was $67 million in Q2 2026, an increase of $16.4 million from $50 million in Q1 2026, attributed to higher revenues, lower operating expenses of $4.3 million, and higher earnings from consolidated affiliates of $2.2 million.
• Government Services: Adjusted Operating Income was $7 million in Q2 2026, a decrease of - $2.3 million from $10 million in Q1 2026, primarily due to higher operating expenses of $6.1 million, partially offset by increased revenues. The operating income margin was negatively impacted by $3.6 million in penalties related to aircraft availability and $1.5 million in fuel expenses exceeding fuel revenues.
• Other Services: Adjusted Operating Income was $5 million in Q2 2026, an increase of $4.2 million from $1 million in Q1 2026, due to higher seasonal revenues, partially offset by higher operating expenses of $7.7 million related to increased activity and fuel prices.

Balance Sheet (as of June 30, 2026)

• Cash: $314 million.
• Total Debt: $765 million.
• Unrestricted Cash: $312 million.
• Net Debt: $453 million.
• Unfunded capital commitments: $58.8 million, primarily for aircraft purchases.
• Total liquidity: $371.6 million.

Operational Metrics

• Global Employees: 3,601.
• Total Aircraft Fleet: 218 as of June 30, 2026.

Unique Metrics: Acquisition

Bristow Group Inc. completed the acquisition of Berry Aviation Inc. on July 13, 2026, for $105.0 million in an all-cash transaction. This acquisition is expected to enhance the company’s Government Services offerings and support a more diversified business profile.

Outlook / Guidance for 2026E

Bristow Group Inc. affirmed its 2026E Adjusted EBITDA outlook range of $295 million to $325 million and updated its 2026E total revenue guidance to a range of $1,640 million to $1,720 million. Segment revenue guidance is provided for Offshore Energy Services ($1,010 million - $1,050 million), Government Services ($475 million - $495 million), and Other Services ($155 million - $175 million). The outlook also includes projected cash interest of approximately $45 million, cash taxes between $25 million and $30 million, and maintenance capital expenditures of $25 million to $30 million.