---
schema_version: "secwatch.filing_event.v1"
accession: "0001525221-23-000022"
form_type: "8-K"
ticker: "VTOL"
cik: "0001525221"
company_name: "Bristow Group Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:02:26.223144+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Bristow Q1 2023 net loss narrows to $1.5M on revenue of $302M

## Summary
- Net loss of $1.5M ($0.05/diluted share) vs. net loss of $7.0M ($0.25) in Q4 2022.
- Operating revenue $292.9M, down from $304.3M in prior quarter; total revenue $302.0M.
- Adjusted EBITDA (ex-special items, asset dispositions & FX losses) $28.9M vs. $36.3M.
- Unrestricted cash $198.4M; total liquidity $274.9M as of March 31, 2023.

## SEC filing metadata
- accession: 0001525221-23-000022
- form_type: 8-K
- ticker: VTOL
- cik: 0001525221
- company_name: Bristow Group Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1525221/000152522123000022/0001525221-23-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1525221/000152522123000022/vtol-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001525221-23-000022
- JSON: https://secwatch.observer/filing/0001525221-23-000022.json
- Plain text: https://secwatch.observer/filing/0001525221-23-000022.txt

## Key facts
- Earnings Releases
  Bristow Group Inc. reported the quarter ended March 31, 2023 results: revenue $302.0 million, net income $1.5 million, EPS $0.05 per diluted share.
  - Period: the quarter ended March 31, 2023
  - Revenue: $302.0 million
  - Net income: $1.5 million
  - EPS: $0.05 per diluted share
  - Result: reported results
  source text: BRISTOW GROUP REPORTS FIRST QUARTER 2023 RESULTS Houston, Texas May 3, 2023 • Total revenues of $302.0 million for the quarter ended March 31, 2023 compared to $313.6 million for the quarter ended December 31, 2022 • Net loss of $1.5 million, or $0.05 per diluted share, for the quarter ended March 31, 2023 compared to net loss of $7.0 million, or $0.25 per diluted share, for the quarter ended December 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1525221/000152522123000022/0001525221-23-000022-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.