Bristow Group Posts Mixed Q1 Results, Reaffirms Outlook

Bristow Group ( (VTOL) ) just unveiled an announcement.

Bristow Group on May 5, 2026 reported first-quarter 2026 results showing total revenue rose to $388.7 million from $377.3 million in the previous quarter, while net income declined to $13.1 million, or $0.44 per diluted share, from $18.4 million, or $0.61 per diluted share. Adjusted EBITDA was broadly stable at $59.3 million versus $60.1 million, and management reaffirmed its full-year 2026 Adjusted EBITDA outlook of $295 million to $325 million, signaling confidence in a year it describes as potentially transformational amid growing demand tied to defense spending, energy security, and the adoption of electric and hybrid-electric aircraft.

Operationally, Offshore Energy Services revenue increased by $6.9 million driven by higher rates and utilization in the U.S., Trinidad, and Africa, even as operating income fell due to higher depreciation, repair, and lease costs. Government Services revenue climbed 7.8% to $107.9 million with a swing to positive operating income and stronger adjusted margins, underscoring Bristow’s positioning to benefit from structurally higher defense expenditure and secure offshore hydrocarbon activity, despite weaker free cash flow in the quarter and a planned May 6, 2026 investor presentation of the results.

The most recent analyst rating on (VTOL) stock is a Buy with a $56.00 price target. To see the full list of analyst forecasts on Bristow Group stock, see the VTOL Stock Forecast page.

Spark’s Take on VTOL Stock

According to Spark, TipRanks’ AI Analyst, VTOL is a Outperform.

Overall score is driven primarily by improved financial strength (notably the sharply reduced leverage) and a positive earnings outlook with reaffirmed 2026 guidance for material EBITDA growth. Technicals are supportive with positive momentum and a solid uptrend versus longer-term averages, while valuation looks reasonable on a ~10.9 P/E but lacks dividend-yield support due to missing yield data. The key constraint on the score remains inconsistent free-cash-flow conversion and margin pressure.

To see Spark’s full report on VTOL stock, click here.

More about Bristow Group

Bristow Group Inc., listed on the NYSE under the ticker VTOL, is a specialized aviation services provider focused on offshore energy transportation, government and defense-related missions, and emerging markets for next-generation electric and hybrid-electric aircraft. The company operates globally across the Americas, Europe, and Africa, serving offshore energy basins and government agencies that depend on reliable rotorcraft and aviation support in complex and security-sensitive environments.

Average Trading Volume: 212,748

Technical Sentiment Signal: Buy

Current Market Cap: $1.44B

See more data about VTOL stock on TipRanks’ Stock Analysis page.