Bristow Q2 Adjusted EBITDA beats estimates
Overview
Bristow Q2 2025 revenue of $376.4 mln missed analyst expectations
Adjusted EBITDA of $60.7 mln beat estimates, per LSEG data
Co raises 2025 and 2026 Adjusted EBITDA outlook
Co initiates debt payments and share repurchases
Outlook
Bristow raises 2025 Adjusted EBITDA outlook to $240-$260 mln
Bristow raises 2026 Adjusted EBITDA outlook to $300-$335 mln
Company expects 2025 total revenue of $1.46 bln to $1.56 bln
Company projects 2026 total revenue at $1.62 bln to $1.74 bln
Result Drivers
OFFSHORE ENERGY SERVICES - Revenue growth driven by higher utilization and favorable foreign exchange impacts, particularly in Norway
GOVERNMENT SERVICES - Revenue increase attributed to the transition of the Irish Coast Guard contract and higher utilization in United Kingdom Search and Rescue contract
OTHER SERVICES - Seasonal higher utilization in Australia contributed to revenue growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | $376.40 mln | $380 mln (2 Analysts) |
Q2 EPS | $1.07 | ||
Q2 Net Income | $31.70 mln | ||
Q2 Adjusted EBITDA | Beat | $60.70 mln | $58.30 mln (2 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the airlines peer group is "buy"
Wall Street's median 12-month price target for Bristow Group Inc is $48.50, about 30% above its August 4 closing price of $33.93
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago
Press Release:
