Bristow Group Initiates Quarterly Dividend, Declares $0.125 Per Share
Bristow Group Inc. (NYSE: VTOL), an aviation services provider for offshore energy and government sectors, declared its first quarterly dividend of $0.125 per share, payable March 26, 2026.
Bristow Group Inc. (NYSE: VTOL), an aviation services provider for offshore energy and government sectors, declared its first quarterly dividend of $0.125 per share, payable March 26, 2026. The dividend marks the launch of a cash return program following a year of improved financial performance and balance sheet refinancing. Read more dividend announcements.
The company reported full-year 2025 revenues of $1.5 billion compared to $1.4 billion in 2024. Net income reached $129.1 million, or $4.32 per diluted share, up from $94.8 million, or $3.21 per share, in the prior year.
| Dividend Details | Information |
|---|---|
| Amount | $0.125 per share |
| Type | Quarterly cash |
| Payment Date | March 26, 2026 |
| Record Date | Not specified |
| Ex-Dividend Date | Not specified |
Cash Flow and Capital Structure
Operating cash flow totaled $198.4 million in 2025, up from $177.4 million in 2024. Adjusted free cash flow reached $186.7 million compared to $160.9 million in the prior year. The company projects adjusted free cash flow exceeding $200 million in 2026.
Bristow completed a refinancing in January 2026, issuing $500 million of 6.750% senior secured notes due 2033 at par. The transaction lowered the company's borrowing costs from a prior 6.875% coupon and extended debt maturities. The company also amended and extended its asset-based credit facility through 2031.
As of December 31, 2025, Bristow held $286.2 million in unrestricted cash and $60.7 million in remaining credit facility availability, for total liquidity of $346.9 million.
Operational Performance
Fourth-quarter revenues came in at $377.3 million, down slightly from $386.3 million in the preceding quarter. Net income for the quarter was $18.4 million, or $0.61 per diluted share, compared to $51.5 million, or $1.72 per share, in the prior quarter.
Chief Executive Chris Bradshaw said the government services segment is expected to double its adjusted operating income in 2026, while the offshore energy services business should see adjusted operating income rise approximately 15% from improved contract renewal terms. The company projects total adjusted EBITDA to increase roughly 25% in 2026.
Offshore energy services generated revenues of $247.5 million in the fourth quarter, down 1.2% from $250.4 million sequentially. Operating income in the segment held steady at $42.2 million with a 17% margin.