Bristow 2025 Q2 Earnings Raises Guidance as Net Income Grows 12.7%

Bristow (VTOL) reported its fiscal 2025 Q2 earnings on August 5, 2025, with results exceeding expectations. The company raised its 2025 and 2026 Adjusted EBITDA guidance, reflecting confidence in its strategic initiatives and operational performance.

Revenue
Bristow’s total revenue for the second quarter of 2025 rose to $376.43 million, a 4.6% increase compared to $359.75 million in the same period of 2024. This growth was driven by strong performance across its key business segments. Offshore Energy Services led with $252.81 million in revenue, benefiting from higher utilization rates and favorable foreign exchange impacts in Europe and the Americas, as well as additional aircraft capacity in Africa. Government Services contributed $92.50 million, supported by ongoing contract transitions and increased activity in the UK Search and Rescue (SAR) program. Other Services added $31.12 million, driven largely by seasonal demand in Australia. The Corporate segment reported $0 in revenue, while the company maintained a clear breakdown of its financial performance across its three operating segments.

Earnings/Net Income
Bristow delivered a 12.7% increase in net income to $31.78 million in Q2 2025, compared to $28.19 million in Q2 2024. Earnings per share (EPS) also improved, rising 11.1% to $1.10 from $0.99. This demonstrates continued progress in enhancing profitability, supported by improved operating margins and cost management.

Price Action
Following the earnings release, the stock price of Bristow increased by 3.18% during the latest trading day. However, it experienced a 2.83% decline over the previous full trading week and a 2.51% gain month-to-date, reflecting mixed investor sentiment in the short term.

Post-Earnings Price Action Review
A review of historical performance shows that purchasing Bristow shares after its Q2 revenue growth and holding for 30 days yielded a 9.71% return over the past three years. However, this underperformed the benchmark's 49.40% return. The investment strategy also exhibited high volatility, with a maximum drawdown of 38.23% and a Sharpe ratio of 0.08, indicating a high-risk profile with significant price fluctuations.

CEO Commentary
Chris Bradshaw, President and CEO of Bristow Group, commented on the company’s strong financial performance, emphasizing its decision to raise 2025 Adjusted EBITDA guidance to $240–$260 million and 2026 guidance to $300–$335 million. He highlighted Bristow’s commitment to its capital allocation framework, including the commencement of accelerated debt repayments and share repurchases.

Guidance
The company updated its financial outlook for 2025 and 2026, raising 2025 Adjusted EBITDA guidance to $240–$260 million from previous estimates. For 2026, Bristow increased its Adjusted EBITDA outlook to $300–$335 million. These revisions reflect the company’s confidence in its operational efficiency and market position. Bristow also initiated accelerated debt repayments and share repurchases, in line with its capital allocation strategy.

Additional News
On August 6, 2025, Bristow announced several key developments. The company raised its 2025 and 2026 Adjusted EBITDA outlooks, reflecting its strong sequential performance. Additionally, Bristow commenced accelerated debt repayments and share repurchases as part of its capital allocation strategy. The company also announced a conference call for investors, scheduled for August 6, 2025, to discuss its Q2 results. As of June 30, 2025, Bristow had $121.1 million remaining under its stock repurchase program and $316.5 million in total liquidity, including $251.8 million in unrestricted cash and $64.7 million in credit facility availability. These actions underscore the company’s focus on strengthening its balance sheet and delivering shareholder value.