Bristow Group Inc.
For the period ended Mar 31, 2026. Filed May 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 6, 2026
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Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(Unaudited, in thousands, except per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Total revenues | $388,705 | $350,530 |
| Costs and expenses: | ||
| Operating expenses | ||
| Personnel | 103,569 | 87,311 |
| Repairs and maintenance | 68,569 | 61,315 |
| Insurance | 6,597 | 6,834 |
| Fuel | 20,146 | 18,875 |
| Leased-in equipment | 28,549 | 26,049 |
| Other | 66,107 | 56,801 |
| Total operating expenses | 293,537 | 257,185 |
| General and administrative expenses | 44,252 | 43,100 |
| Depreciation and amortization expense | 24,386 | 16,841 |
| Total costs and expenses | 362,175 | 317,126 |
| Gains (losses) on disposal of assets | 7,639 | (558) |
| Earnings from unconsolidated affiliates | 506 | 702 |
| Operating income | 34,675 | 33,548 |
| Interest income | 3,918 | 2,118 |
| Interest expense, net | (13,816) | (9,490) |
| Loss on extinguishment of debt | (2,849) | — |
| Other, net | (5,353) | 11,388 |
| Total other income (expense), net | (18,100) | 4,016 |
| Income before income taxes | 16,575 | 37,564 |
| Income tax expense | (3,510) | (10,183) |
| Net income | 13,065 | 27,381 |
| Net loss (income) attributable to noncontrolling interests | 41 | (22) |
| Net income attributable to Bristow Group Inc. | $13,106 | $27,359 |
| Earnings per common share: | ||
| Basic | $0.45 | $0.95 |
| Diluted | $0.44 | $0.92 |
| Weighted average shares of common stock outstanding: | ||
| Basic | 29,254 | 28,667 |
| Diluted | 30,062 | 29,867 |
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