GET DAILY SIGNALSBristow Group (VTOL) Delivers Sequential Gains in Q3 2026 Earnings
Key Takeaways
- Total revenues rose to $437.9 million in the third quarter of 2026, up from $411.8 million in the second quarter of 2026.
- Net income increased to $27.7 million, or $0.93 per diluted share, compared with $21.2 million, or $0.70 per diluted share, in the prior quarter.
- Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) climbed to $89.6 million from $79.8 million sequentially.
- Bristow affirmed the midpoint of its full-year 2026 adjusted EBITDA guidance while Government Services margins remained pressured by supply-chain-related aircraft modification delays.
- Reported diluted EPS of $0.93 came in below consensus estimates of roughly $1.15 to $1.18 per share.
- The company repurchased $25.0 million of shares and declared a quarterly cash dividend of $0.125 per share.
Putting Bristow’s Results in Context
Bristow Group operates helicopters, fixed-wing aircraft, and unmanned systems for offshore energy firms, government agencies, and other clients in 20 countries. Its quarterly updates give investors a clear view of offshore energy trends, government service demand, and progress in its expanding special missions segment. The third quarter included the first full period after the July acquisition of Berry Aviation, now part of Bristow Special Missions. With management holding to the midpoint of its full-year 2026 adjusted EBITDA target, the report helps assess whether diversification efforts and cash generation remain on track despite ongoing supply-chain issues.
Breaking Down the Reported Figures
Bristow posted total revenues of $437.9 million for the quarter ended September 30, 2026, up from $411.8 million in the second quarter and $386.3 million a year earlier. Net income attributable to the company reached $27.7 million, or $0.93 per diluted share, versus $21.2 million, or $0.70 per diluted share, in the previous quarter. Adjusted EBITDA advanced to $89.6 million from $79.8 million sequentially, and operating cash flow rose to $61.2 million from $41.1 million.
Even with these improvements, diluted EPS of $0.93 missed consensus estimates of about $1.15 to $1.18, and revenue came in just below analyst forecasts near $443 million. Offshore Energy Services contributed $256.0 million in revenue and $68.5 million in adjusted operating income. Government Services revenue increased to $130.0 million, aided by $16.9 million from the new special missions unit, yet the segment recorded an operating loss due to supply-chain delays on search-and-rescue aircraft modifications. Other Services revenue grew to $51.9 million. Management reaffirmed the midpoint of its 2026 adjusted EBITDA guidance range of $300 million to $320 million. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Investor Reaction and Sentiment
Sentiment toward VTOL reflects the balance between operational progress and lingering execution challenges. The quarter showed clear sequential gains in revenue, earnings, and cash flow, along with a reaffirmed full-year outlook that management presented as evidence of a strengthening business. At the same time, the EPS shortfall versus consensus and ongoing margin pressure in Government Services may limit upside. Bristow has beaten EPS estimates in most recent quarters, so this miss could prompt closer scrutiny of near-term profitability. Active share repurchases of $25.0 million and the $0.125 quarterly dividend point to management confidence, though supply-chain risks continue to shape market interpretation of the results.
Looking Ahead: Factors Worth Watching
Investors will focus on the pace of supply-chain recovery, especially the delayed aircraft modification programs affecting search-and-rescue contracts. Management anticipates stabilization in 2027, and faster progress could aid margin recovery in Government Services. Integration of the Bristow Special Missions business is another key item, with the acquisition already contributing meaningfully in its first full quarter and expected to accelerate into the fourth quarter and 2027. Offshore energy conditions and helicopter availability remain important demand drivers, with management noting the most favorable industry backdrop in more than a dozen years. Capital allocation also merits attention given ongoing buybacks, the dividend, and liquidity of roughly $287 million at quarter-end.
Enhancing Research with AI Tools
In my own analysis, I frequently rely on Tickeron’s AI Screener to quickly filter for technical patterns, fundamentals, and industry comparisons that might otherwise take hours to review manually. It helps surface relevant data points and keeps my process efficient when evaluating names like Bristow alongside peers. The tool’s customizable filters make it straightforward to monitor evolving setups without getting lost in noise.
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
VTOL in upward trend: price may jump up because it broke its lower Bollinger Band on October 15, 2026
VTOL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 31 of 41 cases where VTOL's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 76%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where VTOL's RSI Indicator exited the oversold zone, 16 of 22 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 73%.
The Momentum Indicator moved above the 0 level on October 28, 2026. You may want to consider a long position or call options on VTOL as a result. In 70 of 100 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 70%.
The Moving Average Convergence Divergence (MACD) for VTOL just turned positive on October 23, 2026. Looking at past instances where VTOL's MACD turned positive, the stock continued to rise in 36 of 48 cases over the following month. The odds of a continued upward trend are 75%.
Following a +2.64% 3-day Advance, the price is estimated to grow further. Considering data from situations where VTOL advanced for three days, in 229 of 323 cases, the price rose further within the following month. The odds of a continued upward trend are 71%.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
VTOL moved below its 50-day moving average on November 02, 2026 date and that indicates a change from an upward trend to a downward trend.
The 50-day moving average for VTOL moved below the 200-day moving average on October 09, 2026. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where VTOL declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 69%.
The Aroon Indicator for VTOL entered a downward trend on November 02, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 24 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 32 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.122) is normal, around the industry mean (1.645). P/E Ratio (11.546) is within average values for comparable stocks, (-30.155). Projected Growth (PEG Ratio) (0.110) is also within normal values, averaging (1.687). Dividend Yield (0.012) settles around the average of (0.038) among similar stocks. P/S Ratio (0.793) is also within normal values, averaging (1.663).
The Tickeron Price Growth Rating for this company is 57 (best 1 - 100 worst), indicating fairly steady price growth. VTOL’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 70 (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 71 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. VTOL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 70, placing this stock worse than average.
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General Information
a company, which engages in the provision of helicopter transportation services
Industry OilfieldServicesEquipment
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