Welcome to our dedicated page for Bristow Group news (Ticker: VTOL), a resource for investors and traders seeking the latest updates and insights on Bristow Group stock.
Bristow Group Inc. (NYSE: VTOL) is described by the company as a leading global provider of vertical flight solutions, with aviation services focused on offshore energy companies and government entities. The VTOL news feed on Stock Titan aggregates company-issued press releases, financial updates and other coverage related to Bristow’s operations in nonscheduled chartered passenger air transportation.
According to Bristow’s own announcements, investors can expect regular earnings news, including quarterly results, segment performance for Offshore Energy Services, Government Services and Other Services, and updates to financial outlook ranges. These releases often discuss revenue trends, adjusted EBITDA, capital allocation actions and liquidity metrics.
The company also issues capital markets and financing news, such as the pricing and commencement of senior secured note offerings and related plans to redeem existing notes. These items describe the structure of Bristow’s secured notes, collateral consisting of helicopters and other assets, and intended use of proceeds, including satisfaction and discharge of earlier debt.
Bristow’s news flow further includes operational and strategic updates tied to advanced air mobility and sustainable aviation initiatives. Examples in recent releases include participation in Norway’s Test Arena for Zero & Low Emission Aviation and collaboration on planned electric air taxi routes in the United Kingdom, where Bristow’s operational experience and air operator certificates are highlighted.
In addition, Bristow publishes investor relations announcements about upcoming earnings calls and participation in investor conferences. For followers of VTOL, this news page offers a centralized view of the company’s financial disclosures, financing actions and aviation project milestones. Users interested in offshore energy aviation, government SAR contracts or emerging electric and advanced air mobility projects can monitor this feed for new developments.
Bristow Group Inc. (NYSE: VTOL) has announced the renaming of its Aeróleo division to Bristow, reaffirming its commitment to the Brazilian oil and gas sector. With over 40 years of service, Bristow caters to oil and gas firms, maintaining a strong presence despite market challenges. The company operates a modern fleet, including 12 AW139 helicopters, and has recorded over 300,000 flight hours in Brazil. Additionally, Bristow has divested its 41.5% ownership in Líder Taxi Aéreo S.A. – Air Brasil as of August 31, 2020.
Bristow Group reported a net income of $71.5 million or $5.16 per diluted share for Q1 ending June 30, 2020, significantly improving from a loss of $291.7 million in the preceding quarter. Operating revenues reached $261.5 million, down $12.9 million sequentially. EBITDA was $97.0 million, down from $310.1 million. Notably, the current results include 19 days from the Era Group merger. The company recognized a bargain purchase gain of $75.4 million associated with this merger. Cash liquidity stood at $298.7 million.
Bristow Group Inc. (NYSE: VTOL) announced it will release its financial results for Q1 FY 2021 after market close on August 6, 2020. A conference call will follow on August 7, 2020, at 10 a.m. ET. Investors can join the call by dialing 800-353-6461 domestically or +1 334-323-0501 internationally, using access code 1268149.
The results will provide insights into Bristow's financial performance and operational strategies in the offshore oil and gas transportation sector.
On June 15, 2020, Bristow Group (NYSE: VTOL) announced its participation in the J.P. Morgan Energy, Power & Renewables Conference on June 16-17, 2020. CEO Chris Bradshaw will present on June 17 at 5:00 p.m. ET and engage in investor meetings during the event. Accessible investor presentations will be available on Bristow's investor relations website. As a leading provider of offshore oil and gas transportation, Bristow supports operations in regions like the North Sea, Nigeria, and the U.S. Gulf of Mexico.