Bristow Group Q2 revenue beats estimates on higher rates in Europe and the Americas
VTOL•Outlook and business drivers
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Bristow affirms 2026 Adjusted EBITDA outlook range of $295-$325 mln
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Company expects 2026 total revenues between $1.64 bln and $1.72 bln
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Company says supply chain challenges and macro uncertainties may impact results
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OFFSHORE ENERGY SERVICES - Higher rates and fuel revenues in Europe and the Americas drove segment revenue growth, despite lower utilization
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GOVERNMENT SERVICES - Revenue growth from commencement of new UK and Irish contracts, though margins impacted by higher operating costs and supply chain challenges
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OTHER SERVICES - Seasonal utilization and higher fuel revenues contributed to segment revenue increase
Analyst coverage and valuation
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $58.50, about 28.1% above its August 3 closing price of $45.67
