Bristow Group, Inc.

Good day, everyone, and welcome to Bristow Group's third quarter of 2025 earnings call. Today's call is being recorded. After the speaker's remarks, there'll be a question and answer session. If you'd like to ask a question during that time, simply press star followed by the number five on your telephone keypad. At this time, I'd like to turn the call over to Red Tillon, Senior Manager of Investor Relations and Financial Reporting.

Thank you, Luke. Good morning, everyone, and welcome to Bristow Group's third quarter of 2025 earnings call. I am joined on the call today with our President and Chief Executive Officer, Chris Bradshaw, and Senior Vice President and Chief Financial Officer, Jennifer Whalen. Before we begin, I'd like to take this opportunity to remind everyone that during the course of this call, management may make forward-looking statements that are subject to risks and uncertainties that are described in more detail on slide three of our investor presentation. You may access the investor presentation on our website. We will also reference certain non-GAAP financial measures such as EBITDA and free cash flow. A reconciliation of such measures to GAAP is included in the earnings release and the investor presentation. I'll now turn the call over to our President and CEO, Chris.

Thank you, Rhett. To begin, I want to commend the Bristow team for their steadfast dedication to deliver safe, efficient, and reliable services despite the persistent supply chain challenges that have plagued the aviation industry in general and the civilian helicopter industry in particular for the last four years. I appreciate our team's unwavering commitment to operational excellence and delivering the best possible outcomes for our customers and stakeholders. We are also pleased to report another quarter of strong financial performance with adjusted EBITDA of $67.1 million in Q3 2025. Looking forward, Bristow continues to have a positive outlook for offshore energy services activity. Deepwater projects are favorably positioned, offering attractive relative returns within the asset portfolios of oil and gas companies. And we believe offshore projects will receive an increasing share of upstream capital investments. This positive long-term demand outlook is paired with a tight supply dynamic. The fleet status for offshore-configured heavy and super-medium helicopters remains near full effective utilization levels. The ability to bring in new capacity remains constrained, with production lines that must be shared with military aircraft orders and current manufacturing lead times of approximately 24 months. We believe the tight supply of offshore helicopters supports a more constructive outlook for our sector relative to some other offshore equipment sectors. In addition, 2026 represents an important inflection point for Bristow's government services business. As we reach the full operational run rate under the Irish Coast Guard contract and continue the transition to the new UK SAR 2G contract in the United Kingdom. While the cost incurred to effectuate these contract transitions have caused a negative drag on profitability in 2025, that impact inverts in 2026, with adjusted operating income from our government services business nearly doubling year over year. For the company as a whole, I would highlight that the midpoint of Bristow's 2026 adjusted EBITDA guidance represents a 27% increase over the midpoint in 2025, reflecting the robust growth expectations for our business. I will now hand it over to our CFO for a more detailed discussion of Q3 results and our financial outlook. Jennifer?