South Dakota Investment Council Reduces Bristow Group Holdings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Source: Fool
- Share Reduction Details: The South Dakota Investment Council disclosed a sale of 801,900 shares of Bristow Group on May 18, 2026, with an estimated trade value of $35.24 million, indicating a potential decrease in confidence in the company.
- Asset Value Impact: This sale resulted in a $9.18 million decrease in the value of Bristow Group within the council's quarter-end position, highlighting the stock's volatility and market dynamics.
- Company Performance Overview: Bristow Group's latest earnings report revealed a revenue increase from $377.3 million to $388.7 million in the first quarter, alongside an operating income rise to $34.7 million, showcasing the company's growth potential in the aviation services sector.
- Future Outlook: The company anticipates an adjusted EBITDA for 2026 between $295 million and $325 million, with $342.1 million in unrestricted cash, providing flexibility for future investments and capital returns to shareholders.
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Analyst Views on VTOL
Wall Street analysts forecast VTOL stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 42.090
Low
45.00
Averages
48.50
High
52.00
Current: 42.090
Low
45.00
Averages
48.50
High
52.00
About VTOL
Bristow Group Inc. is a provider of vertical flight solutions. The Company primarily provides aviation services to a broad base of offshore energy companies and government entities. Its aviation services include personnel transportation, search and rescue (SAR), medevac, fixed-wing transportation, unmanned systems, and ad-hoc helicopter services. Its business consists of three operating segments: Offshore Energy Services, Government Services and Other Services. Its energy customers charter its helicopters primarily to transport personnel to, from and between onshore bases and offshore production platforms, drilling rigs and other installations. Its government customers primarily outsource SAR activities whereby the Company operates specialized helicopters and provides highly trained personnel. Its other services include fixed-wing transportation services through a regional airline and dry-leasing aircraft to third-party operators in support of other industries and geographic markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
South Dakota Investment Council Reduces Bristow Group Holdings
- Share Reduction Details: The South Dakota Investment Council disclosed a sale of 801,900 shares of Bristow Group on May 18, 2026, with an estimated trade value of $35.24 million, indicating a potential decrease in confidence in the company.
- Asset Value Impact: This sale resulted in a $9.18 million decrease in the value of Bristow Group within the council's quarter-end position, highlighting the stock's volatility and market dynamics.
- Company Performance Overview: Bristow Group's latest earnings report revealed a revenue increase from $377.3 million to $388.7 million in the first quarter, alongside an operating income rise to $34.7 million, showcasing the company's growth potential in the aviation services sector.
- Future Outlook: The company anticipates an adjusted EBITDA for 2026 between $295 million and $325 million, with $342.1 million in unrestricted cash, providing flexibility for future investments and capital returns to shareholders.
See More
South Dakota Investment Council Reduces Bristow Holdings
- Share Reduction Details: The South Dakota Investment Council sold 801,900 shares of Bristow Group in Q1 2026, with an estimated trade value of $35.24 million, reflecting the fund's strategic response to market volatility.
- Position Value Decline: Following the sale, the fund's quarter-end position value decreased by $9.18 million, indicating the dual impact of trading activities and price movements, which highlights challenges in the market environment.
- Company Financial Performance: Bristow Group reported first-quarter revenue of $388.7 million, up from $377.3 million in the previous quarter, with operating income improving to $34.7 million, demonstrating the company's resilience amid growth.
- Future Outlook: Bristow reaffirmed its 2026 adjusted EBITDA outlook of $295 million to $325 million, and as of the end of March, it held $342.1 million in unrestricted cash, indicating the company's flexibility for investments and capital returns.
See More
Bristow Releases 2025 Sustainability Report Highlighting Key Achievements
- Safety Performance Improvement: In 2025, Bristow reduced lost workdays by 13%, reflecting its ongoing commitment to safety culture and operational discipline, thereby enhancing its competitive edge in the aviation services sector.
- Advanced Air Mobility Achievements: In Norway, Bristow completed a first-of-its-kind flight campaign with BETA Technologies' all-electric eCTOL aircraft, conducting 103 flights totaling over 7,000 nautical miles, marking significant progress towards the commercialization of low-emission aviation solutions.
- Environmental Management Enhancements: Bristow lowered its Scope 1 carbon intensity per flight hour from 1.88 to 1.76 and achieved ISO 14001 certification for its Ireland operations, demonstrating its commitment to environmental stewardship and operational excellence.
- Community Engagement Growth: Through the Bristow Uplift program, the company contributed over $700,000 to local organizations and initiatives in 2025, reflecting its commitment to supporting the communities where its employees live and work.
See More
Bristow Group Q1 2026 Earnings Call Insights
- Financial Performance Outlook: Bristow Group anticipates total revenues between $1.6 billion and $1.7 billion for 2026, with adjusted EBITDA ranging from $295 million to $325 million, reflecting a robust growth potential of approximately 25% year-over-year, indicating a strong trajectory in a transformational year.
- Revenue Growth Drivers: Total revenues increased by $11.4 million compared to Q4 2025, primarily driven by heightened activity in Government Services and increased rates in key Offshore Energy Services, showcasing the company's positive performance amid recovering market demand.
- Depreciation Impact: The company recognized an additional $6.4 million in noncash depreciation expense in Q1 related to S76D medium helicopters, with an expected additional $24 million through early 2027, indicating a significant impact on future financial performance due to the transition to newer models.
- Liquidity and Shareholder Returns: As of March 2026, Bristow reported an unrestricted cash balance of $342 million and total liquidity of approximately $394 million, while also paying $3.7 million in dividends during the quarter, demonstrating the company's ability to maintain financial health and return value to shareholders.
See More
Bristow Group Reports Q1 2026 Financial Highlights
- Net Income Decline: Bristow Group reported a net income of $13.1 million for Q1 2026, translating to $0.44 per diluted share, down from $18.4 million and $0.61 per share in Q4 2025, indicating cost pressures despite revenue growth.
- Revenue Growth: Total revenues reached $388.7 million in Q1, a 3.0% increase from $377.3 million in the previous quarter, with offshore energy services revenue rising by $6.9 million, primarily driven by higher utilization rates in the U.S. and Trinidad.
- Operating Income Fluctuation: Operating income from offshore energy services was $35.7 million, down 15.3% from the previous quarter, mainly due to a $6.0 million increase in depreciation and amortization expenses, highlighting challenges in asset management and cost control.
- Future Outlook: Bristow anticipates total revenues for 2026 to range between $1.58 billion and $1.69 billion, reflecting a positive outlook on market demand, particularly in the context of increasing defense spending and energy security concerns.
See More
Bristow Group to Announce Q1 Earnings on May 5th
- Earnings Announcement: Bristow Group is set to release its Q1 2023 earnings on May 5th after market close, with consensus EPS estimated at $1.10 and revenue expected to reach $384.47 million, reflecting a 9.7% year-over-year growth, which will provide investors with an updated view of the company's financial health.
- Earnings Estimate Changes: Over the past three months, EPS estimates have seen no upward revisions and one downward revision, while revenue estimates experienced one upward and one downward revision, indicating some uncertainty in market expectations regarding Bristow's profitability, which could impact investor confidence.
- Long-Term Financial Guidance: Bristow has affirmed its adjusted EBITDA guidance for 2026 in the range of $295 million to $325 million, demonstrating the company's confidence in its future financial performance while providing investors with clear earnings expectations.
- Dividend Program Launch: The announcement of a dividend program by Bristow Group aims to reward shareholders and enhance investor appeal, a move that could potentially boost the company's stock market performance and attract more long-term investors.
See More
South Dakota Investment Council Reduces Bristow Group Holdings
- Share Reduction Details: The South Dakota Investment Council disclosed a sale of 801,900 shares of Bristow Group on May 18, 2026, with an estimated trade value of $35.24 million, indicating a potential decrease in confidence in the company.
- Asset Value Impact: This sale resulted in a $9.18 million decrease in the value of Bristow Group within the council's quarter-end position, highlighting the stock's volatility and market dynamics.
- Company Performance Overview: Bristow Group's latest earnings report revealed a revenue increase from $377.3 million to $388.7 million in the first quarter, alongside an operating income rise to $34.7 million, showcasing the company's growth potential in the aviation services sector.
- Future Outlook: The company anticipates an adjusted EBITDA for 2026 between $295 million and $325 million, with $342.1 million in unrestricted cash, providing flexibility for future investments and capital returns to shareholders.
See More
South Dakota Investment Council Reduces Bristow Holdings
- Share Reduction Details: The South Dakota Investment Council sold 801,900 shares of Bristow Group in Q1 2026, with an estimated trade value of $35.24 million, reflecting the fund's strategic response to market volatility.
- Position Value Decline: Following the sale, the fund's quarter-end position value decreased by $9.18 million, indicating the dual impact of trading activities and price movements, which highlights challenges in the market environment.
- Company Financial Performance: Bristow Group reported first-quarter revenue of $388.7 million, up from $377.3 million in the previous quarter, with operating income improving to $34.7 million, demonstrating the company's resilience amid growth.
- Future Outlook: Bristow reaffirmed its 2026 adjusted EBITDA outlook of $295 million to $325 million, and as of the end of March, it held $342.1 million in unrestricted cash, indicating the company's flexibility for investments and capital returns.
See More
Bristow Releases 2025 Sustainability Report Highlighting Key Achievements
- Safety Performance Improvement: In 2025, Bristow reduced lost workdays by 13%, reflecting its ongoing commitment to safety culture and operational discipline, thereby enhancing its competitive edge in the aviation services sector.
- Advanced Air Mobility Achievements: In Norway, Bristow completed a first-of-its-kind flight campaign with BETA Technologies' all-electric eCTOL aircraft, conducting 103 flights totaling over 7,000 nautical miles, marking significant progress towards the commercialization of low-emission aviation solutions.
- Environmental Management Enhancements: Bristow lowered its Scope 1 carbon intensity per flight hour from 1.88 to 1.76 and achieved ISO 14001 certification for its Ireland operations, demonstrating its commitment to environmental stewardship and operational excellence.
- Community Engagement Growth: Through the Bristow Uplift program, the company contributed over $700,000 to local organizations and initiatives in 2025, reflecting its commitment to supporting the communities where its employees live and work.
See More
Bristow Group Q1 2026 Earnings Call Insights
- Financial Performance Outlook: Bristow Group anticipates total revenues between $1.6 billion and $1.7 billion for 2026, with adjusted EBITDA ranging from $295 million to $325 million, reflecting a robust growth potential of approximately 25% year-over-year, indicating a strong trajectory in a transformational year.
- Revenue Growth Drivers: Total revenues increased by $11.4 million compared to Q4 2025, primarily driven by heightened activity in Government Services and increased rates in key Offshore Energy Services, showcasing the company's positive performance amid recovering market demand.
- Depreciation Impact: The company recognized an additional $6.4 million in noncash depreciation expense in Q1 related to S76D medium helicopters, with an expected additional $24 million through early 2027, indicating a significant impact on future financial performance due to the transition to newer models.
- Liquidity and Shareholder Returns: As of March 2026, Bristow reported an unrestricted cash balance of $342 million and total liquidity of approximately $394 million, while also paying $3.7 million in dividends during the quarter, demonstrating the company's ability to maintain financial health and return value to shareholders.
See More
Bristow Group Reports Q1 2026 Financial Highlights
- Net Income Decline: Bristow Group reported a net income of $13.1 million for Q1 2026, translating to $0.44 per diluted share, down from $18.4 million and $0.61 per share in Q4 2025, indicating cost pressures despite revenue growth.
- Revenue Growth: Total revenues reached $388.7 million in Q1, a 3.0% increase from $377.3 million in the previous quarter, with offshore energy services revenue rising by $6.9 million, primarily driven by higher utilization rates in the U.S. and Trinidad.
- Operating Income Fluctuation: Operating income from offshore energy services was $35.7 million, down 15.3% from the previous quarter, mainly due to a $6.0 million increase in depreciation and amortization expenses, highlighting challenges in asset management and cost control.
- Future Outlook: Bristow anticipates total revenues for 2026 to range between $1.58 billion and $1.69 billion, reflecting a positive outlook on market demand, particularly in the context of increasing defense spending and energy security concerns.
See More
Bristow Group to Announce Q1 Earnings on May 5th
- Earnings Announcement: Bristow Group is set to release its Q1 2023 earnings on May 5th after market close, with consensus EPS estimated at $1.10 and revenue expected to reach $384.47 million, reflecting a 9.7% year-over-year growth, which will provide investors with an updated view of the company's financial health.
- Earnings Estimate Changes: Over the past three months, EPS estimates have seen no upward revisions and one downward revision, while revenue estimates experienced one upward and one downward revision, indicating some uncertainty in market expectations regarding Bristow's profitability, which could impact investor confidence.
- Long-Term Financial Guidance: Bristow has affirmed its adjusted EBITDA guidance for 2026 in the range of $295 million to $325 million, demonstrating the company's confidence in its future financial performance while providing investors with clear earnings expectations.
- Dividend Program Launch: The announcement of a dividend program by Bristow Group aims to reward shareholders and enhance investor appeal, a move that could potentially boost the company's stock market performance and attract more long-term investors.
See More
