VTOL

EX-99.1

2 q12026exhibit991.htm

EX-99.1

Document

Exhibit 99.1

BRISTOW GROUP REPORTS FIRST QUARTER 2026 RESULTS

Houston, Texas

May 5, 2026

First Quarter Highlights

•Total revenues of $388.7 million in Q1 2026 compared to $377.3 million in Q4 2025

•Net income of $13.1 million, or $0.44 per diluted share, in Q1 2026 compared to net income of $18.4 million, or $0.61 per diluted share, in Q4 2025

•Adjusted EBITDA(1) in Q1 2026 was $59.3 million compared to $60.1 million in Q4 2025

•Affirmed 2026 Adjusted EBITDA outlook range of $295 - $325 million

FOR IMMEDIATE RELEASE — Bristow Group Inc. (NYSE: VTOL) (“Bristow” or the “Company”) today reported net income attributable to the Company of $13.1 million, or $0.44 per diluted share, for the quarter ended March 31, 2026 (the “Current Quarter”) on total revenues of $388.7 million compared to net income attributable to the Company of $18.4 million, or $0.61 per diluted share, for the quarter ended December 31, 2025 (the “Preceding Quarter”) on total revenues of $377.3 million.

The following table provides select financial highlights for the periods reflected (in thousands, except per share amounts). A reconciliation of net income to EBITDA and Adjusted EBITDA, operating income to Adjusted Operating Income and net cash provided by (used in) operating activities to Free Cash Flow and Adjusted Free Cash Flow is included in the “Non-GAAP Financial Measures” section herein.

Three Months Ended

March 31, 2026December 31, 2025

Total revenues$388,705 $377,264

Operating income34,675 32,083

Net income attributable to Bristow Group Inc.13,106 18,423

Basic earnings per common share0.45 0.63

Diluted earnings per common share0.44 0.61

Net cash provided by (used in) operating activities (8,250)76,913

Non-GAAP(1):

Adjusted Operating Income$52,853 $54,803

EBITDA54,777 50,511

Adjusted EBITDA59,275 60,128

Free Cash Flow(12,609)70,869

Adjusted Free Cash Flow(11,766)71,752

(1)See definitions of these non-GAAP financial measures and the reconciliation of GAAP to non-GAAP financial measures in the Non-GAAP Financial Measures section further below.

1

”Bristow’s first quarter results place us on track for what is expected to be a transformational year for the Company in 2026,” said Chris Bradshaw, President and CEO of Bristow Group. “Bristow is favorably positioned to benefit from three global megatrends, namely: increased defense spending; the importance of energy security; and the electrification of transportation. In the context of a complicated geopolitical landscape and expectations for structurally higher defense spending, we believe there will be compelling organic and inorganic growth opportunities for a specialized aviation services provider with Bristow’s track record, operational expertise, and financial flexibility. Recent geopolitical events have also placed an enduring emphasis on where hydrocarbon supplies are located, and the established offshore energy basins that Bristow services represent some of the most attractive and secure sources of supply. In addition, Bristow has created significant option value, with minimal capital commitment to date, as an early leader in what is expected to be a large and rapidly growing addressable market for new generation electric and hybrid-electric aircraft.“

Sequential Quarter Results

Offshore Energy Services

Three Months Ended

($ in thousands)March 31, 2026December 31, 2025Favorable (Unfavorable)

Revenues$254,333 $247,454 $6,879 2.8 %

Operating income35,720 42,193 (6,473)(15.3)%

Adjusted Operating Income50,156 50,838 (682)(1.3)%

Operating income margin14 %17 %

Adjusted Operating Income margin20 %21 %

Revenues from Offshore Energy Services were $6.9 million higher in the Current Quarter. Revenues in the Americas were $5.6 million higher primarily due to increased rates and higher utilization in the U.S. and Trinidad. Revenues in Africa were $4.0 million higher primarily due to higher utilization and other revenues driven by activity. Revenues in Europe were $2.8 million lower primarily due to lower utilization and reimbursable revenues in the UK, partially offset by favorable foreign exchange impacts.

Operating income from Offshore Energy Services was $6.5 million lower in the Current Quarter primarily due to higher depreciation and amortization expense of $6.0 million, higher operating expenses of $5.6 million and lower earnings from unconsolidated affiliates of $1.8 million, partially offset by the higher revenues.

The higher depreciation and amortization expense was due to accelerated depreciation on S76D medium helicopters resulting from a revision to their estimated useful lives. Repairs and maintenance costs were $10.6 million higher primarily due to lower vendor credits. Leased‑in equipment costs were $0.8 million higher primarily due to additional aircraft leases. Personnel costs were $3.1 million lower primarily due to lower severance costs in Africa and lower benefits costs

vtol-202602250001525221false00015252212026-02-252026-02-25

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  February 25, 2026

Bristow Group Inc. (Exact Name of Registrant as Specified in Its Charter)

Delaware1-3570172-1455213 (State or Other Jurisdiction of Incorporation)(Commission File Number)(IRS Employer Identification No.)

3151 Briarpark Drive, Suite 700,Houston,Texas77042 (Address of Principal Executive Offices)(Zip Code)

Registrant’s telephone number, including area code (713)267-7600

None (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act  (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Title of each class Trading Symbol(s)Name of each exchange on which registered

Common StockVTOLNYSE

Item 2.02 Results of Operations and Financial Condition On February 25, 2026, Bristow Group Inc. (“Bristow Group”) issued a press release setting forth its fourth quarter and full year 2025 financial results. A copy of the press release is attached hereto as Exhibit 99.1 and hereby incorporated by reference. The information furnished pursuant to Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Item 7.01 Regulation FD Disclosure On February 26, 2026, Bristow Group will make a presentation about its fourth quarter and full year 2025 earnings as noted in the press release described in Item 2.02 above. A copy of the presentation slides are attached hereto as Exhibit 99.2. Additionally, Bristow Group has posted the presentation on its website at www.bristowgroup.com. The information furnished pursuant to Item 7.01, including Exhibit 99.2, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. Item 9.01 Financial Statements and Exhibits

Exhibit No.Description 99.1Press Release of Bristow Group Inc.

99.2Presentation Slides

104Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Bristow Group Inc.

February 25, 2026 By: /s/ Jennifer D. Whalen

Name: Jennifer D. Whalen Title: Senior Vice President, Chief Financial Officer

Exhibit Index

Exhibit No.Description 99.1Press Release of Bristow Group Inc.

99.2Presentation Slides

104Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.

vtol-202511040001525221false00015252212025-11-042025-11-04

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  November 4, 2025

Bristow Group Inc. (Exact Name of Registrant as Specified in Its Charter)

Delaware1-3570172-1455213 (State or Other Jurisdiction of Incorporation)(Commission File Number)(IRS Employer Identification No.)

3151 Briarpark Drive, Suite 700,Houston,Texas77042 (Address of Principal Executive Offices)(Zip Code)

Registrant’s telephone number, including area code (713)267-7600

None (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act  (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Title of each class Trading Symbol(s)Name of each exchange on which registered

Common StockVTOLNYSE

Item 2.02 Results of Operations and Financial Condition On November 4, 2025, Bristow Group Inc. (“Bristow Group”) issued a press release setting forth its third quarter 2025 financial results. A copy of the press release is attached hereto as Exhibit 99.1 and hereby incorporated by reference. The information furnished pursuant to Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Item 7.01 Regulation FD Disclosure On November 5, 2025, Bristow Group will make a presentation about its third quarter 2025 earnings as noted in the press release described in Item 2.02 above. A copy of the presentation slides are attached hereto as Exhibit 99.2. Additionally, Bristow Group has posted the presentation on its website at www.bristowgroup.com. The information furnished pursuant to Item 7.01, including Exhibit 99.2, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. Item 9.01 Financial Statements and Exhibits

Exhibit No.Description 99.1Press Release of Bristow Group Inc.

99.2Presentation Slides

104Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Bristow Group Inc.

November 4, 2025 By: /s/ Jennifer D. Whalen

Name: Jennifer D. Whalen Title: Senior Vice President, Chief Financial Officer

Exhibit Index

Exhibit No.Description 99.1Press Release of Bristow Group Inc.

99.2Presentation Slides

104Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.