Bristow Group Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
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Consolidated Statements of Operations
(In thousands, except per share amounts)
| Year Ended December 31, 2025 | Year Ended December 31, 2024 | Year Ended December 31, 2023 | |
|---|---|---|---|
| Total revenues | $1,490,512 | $1,415,491 | $1,297,429 |
| Costs and expenses: | |||
| Operating expenses | |||
| Personnel | 378,999 | 340,560 | 323,681 |
| Repairs and maintenance | 236,931 | 273,284 | 253,916 |
| Insurance | 24,900 | 24,907 | 23,785 |
| Fuel | 81,435 | 86,946 | 91,499 |
| Leased-in equipment | 106,607 | 103,540 | 99,096 |
| Other | 273,407 | 212,881 | 198,426 |
| Total operating expenses | 1,102,279 | 1,042,118 | 990,403 |
| General and administrative expenses | 174,121 | 175,550 | 181,745 |
| Merger and integration costs | — | — | 2,201 |
| Depreciation and amortization expense | 70,269 | 68,287 | 70,606 |
| Total costs and expenses | 1,346,669 | 1,285,955 | 1,244,955 |
| Gains (losses) on disposal of assets | 11,785 | (1,045) | 1,112 |
| Earnings from unconsolidated affiliates | 3,178 | 4,117 | 7,165 |
| Operating income | 158,806 | 132,608 | 60,751 |
| Interest income | 9,354 | 8,901 | 8,646 |
| Interest expense, net | (39,918) | (37,581) | (41,417) |
| Other, net | 22,994 | (1,865) | (9,968) |
| Total other income (expense), net | (7,570) | (30,545) | (42,739) |
| Income before income taxes | 151,236 | 102,063 | 18,012 |
| Income tax expense | (21,809) | (7,193) | (24,932) |
| Net income (loss) | 129,427 | 94,870 | (6,920) |
| Net loss (income) attributable to noncontrolling interests | (353) | (73) | 140 |
| Net income (loss) attributable to Bristow Group Inc. | $129,074 | $94,797 | $(6,780) |
| Earnings (losses) per common share: | |||
| Basic | $4.47 | $3.32 | $(0.24) |
| Diluted | $4.32 | $3.21 | $(0.24) |
| Weighted average shares of common stock outstanding: | |||
| Basic | 28,864 | 28,515 | 28,139 |
| Diluted | 29,884 | 29,552 | 28,139 |
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