Bristow Group Inc. has reported its financial results for the third quarter of 2025, and the numbers are looking positive. In Q3 2025, the company saw total revenues of $386.3 million, compared to $376.4 million in Q2 2025. The net income stood at $51.5 million, or $1.72 per diluted share, in Q3 2025, a significant increase from the net income of $31.7 million, or $1.07 per diluted share, in Q2 2025. Adjusted EBITDA for Q3 2025 was $67.1 million, up from $60.7 million in Q2 2025.
The company has also updated its 2025 adjusted EBITDA outlook range to $240 * $250 million and its 2026 adjusted EBITDA outlook range to $295 * $325 million, indicating a positive growth trajectory.
Breaking down the results further, revenues from offshore energy services were $250.4 million in Q3 2025, slightly lower than the $252.8 million in Q2 2025. However, operating income from this segment was $42.4 million, down from $43.6 million in the previous quarter. Revenues from government services showed a significant increase, reaching $100.9 million in Q3 2025, compared to $92.5 million in Q2 2025. Operating income for this segment also improved, with a positive income of $2.6 million in Q3 2025, compared to an operating loss of $1.9 million in the previous quarter.
Additionally, revenues from other services saw a notable increase, reaching $34.9 million in Q3 2025, up from $31.1 million in Q2 2025. The operating income for this segment also showed a significant improvement, amounting to $5.5 million in Q3 2025, compared to $3.4 million in Q2 2025.
The corporate segment reported a positive operating income of $0.1 million in Q3 2025, compared to an operating loss of $2.5 million in Q2 2025, primarily due to increased gains on asset dispositions and lower general and administrative expenses.
The company's income tax benefit was $11.8 million in Q3 2025, compared to an income tax expense of $20.4 million in Q2 2025.
Bristow Group Inc. President and CEO, Chris Bradshaw, expressed optimism about the offshore energy services activity and highlighted the company's strong financial performance in Q3 2025, with a robust growth outlook for 2026, as evidenced by the expected adjusted EBITDA growth of approximately 27% year-over-year.
As a result of these announcements, the company's shares have moved -3.37% on the market, and are now trading at a price of $41.27. Check out the company's full 8-K submission here.
