Bristow 2025 Q2 Earnings Beats Expectations, Net Income Grows 12.7%

Bristow Group Inc. (VTOL) delivered strong results in the second quarter of 2025, surpassing expectations with a 4.6% increase in revenue and a 12.7% rise in net income. The company also raised its EBITDA guidance for 2025 and 2026 and began accelerating debt payments and share repurchases.

Revenue
Bristow’s revenue increased by 4.6% to $376.43 million in Q2 2025, driven by solid performance across its segments. Offshore Energy Services led with $252.81 million in revenue, supported by increased utilization in Europe, the Americas, and Africa. Government Services generated $92.50 million, while Other Services added $31.12 million. Corporate expenses were $0 for the quarter.

Earnings/Net Income
Bristow's earnings per share (EPS) increased by 11.1% to $1.10 in Q2 2025, up from $0.99 in the same period the previous year. The company’s net income also rose by 12.7% to $31.78 million, reflecting improved profitability and operational efficiency.

Price Action
Following the earnings report, Bristow’s stock experienced a positive response, with the share price rising 3.58% on the latest trading day, 7.45% for the week, and 13.49% month-to-date.

Post Earnings Price Action Review
A strategy of purchasing Bristow shares after its Q2 earnings and holding for 30 days yielded a 9.71% return over the past three years. However, this underperformed the benchmark, which returned 49.40% during the same period. The strategy recorded a compound annual growth rate (CAGR) of 3.17%, with a maximum drawdown of 0.00% and a Sharpe ratio of 0.08, indicating a low-risk but modest-return approach.

CEO Commentary
Chris Bradshaw, President and CEO of Bristow Group, emphasized the company’s strong financial performance for Q2 2025. He highlighted the raised guidance for 2025 and 2026 Adjusted EBITDA and noted the commencement of accelerated debt payments and share repurchases. Bradshaw expressed confidence in the company’s operational execution and long-term financial planning.

Guidance
Bristow raised its 2025 Adjusted EBITDA outlook to $240–$260 million, up from previous guidance, and increased its 2026 Adjusted EBITDA outlook to $300–$335 million. The company also initiated accelerated debt repayments and share repurchases in Q2 2025 as part of its capital allocation strategy.

Additional News
In a separate announcement, Bristow reported total revenues of $376.4 million in Q2 2025, compared to $350.5 million in Q1 2025, with net income rising to $31.7 million, or $1.07 per diluted share, compared to $27.4 million, or $0.92 per diluted share, in the prior quarter. The company also accelerated principal payments on its UKSAR Debt facility and repurchased 119,841 shares of common stock. As of June 30, 2025, Bristow had $251.8 million of unrestricted cash and $64.7 million in remaining availability under its asset-based revolving credit facility, totaling $316.5 million in liquidity.