Earnings summaries and quarterly performance for Baker Hughes.
Executive leadership at Baker Hughes.
Lorenzo Simonelli
Detailed
Chairman, President and Chief Executive Officer
CEO
AM
Ahmed Moghal
Detailed
Executive Vice President and Chief Financial Officer
AG
Amerino Gatti
Detailed
Executive Vice President, Oilfield Services & Equipment
FC
Fernando Contreras
Detailed
Vice President, Chief Compliance Officer & Corporate Secretary
GM
Georgia Magno
Detailed
Chief Legal Officer
MC
Maria Claudia Borras
Detailed
Chief Growth & Experience Officer and Interim Executive Vice President, Industrial & Energy Technology
Board of directors at Baker Hughes.
AM
Abdulaziz M. Al Gudaimi
Detailed
Director
CB
Cynthia B. Carroll
Detailed
Director
GD
Gregory D. Brenneman
Detailed
Director
IK
Ilham Kadri
Detailed
Director
JG
John G. Rice
Detailed
Lead Independent Director
MR
Michael R. Dumais
Detailed
Director
MM
Mohsen M. Sohi
Detailed
Director
SA
Shirley A. Edwards
Detailed
Director
WG
W. Geoffrey Beattie
Detailed
Director
Research analysts who have asked questions during Baker Hughes earnings calls.
SG
Scott Gruber
Citigroup
10 questions for BKR
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AJ
Arun Jayaram
JPMorgan Chase & Co.
9 questions for BKR
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SP
Saurabh Pant
Bank of America
8 questions for BKR
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DA
David Anderson
Barclays PLC
5 questions for BKR
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JW
James West
Evercore ISI
5 questions for BKR
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MB
Marc Bianchi
TD Cowen
5 questions for BKR
Also covers: FTI, GTLS, HAL +7 more
J. David Anderson
Barclays
3 questions for BKR
Also covers: ASPN, FTI, HAL +7 more
Stephen Gengaro
Stifel Financial Corp.
3 questions for BKR
Also covers: ACDC, AESI, AMRC +24 more
JA
John Anderson
Barclays
2 questions for BKR
Also covers: BRBR, FTI, HAL +5 more
Stephen Gengaro
Stifel
2 questions for BKR
Also covers: ACDC, BOOM, FRMI +7 more
KH
Kurt Hallead
The Benchmark Company
1 question for BKR
Also covers: AESI, FTI, HAL +14 more
Neil Mehta
Goldman Sachs
1 question for BKR
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Recent press releases and 8-K filings for BKR.
Baker Hughes expands strategic partnership with Hydrostor
BKR
New Projects/Investments
- Baker Hughes will invest capital and supply its compression, expander, motor and generator technologies for Hydrostor’s advanced compressed air energy storage (A-CAES) solutions, supporting up to 1.4 GW of equipment orders for key projects.
- The deal builds on Baker Hughes’ initial investment in Hydrostor since 2019, deepening their collaboration as Hydrostor advances construction of its US and Australia facilities.
- The partnership targets low-carbon, long-duration energy storage to enhance global grid reliability and resilience, meeting growing demand including AI data center infrastructure.
Jan 29, 2026, 6:40 PM
Baker Hughes deepens strategic cooperation with Hydrostor
BKR
New Projects/Investments
- Baker Hughes will integrate its technology into Hydrostor’s A-CAES core design and provide equipment orders totaling 1.4 GW, under a newly signed strategic agreement that includes equity financing.
- The partnership builds on Baker Hughes’ investment in Hydrostor since 2019 and supports near-commissioning long-duration energy storage projects in the US and Australia, enhancing grid reliability and sustainability.
- Details of the strategic collaboration will be formally announced at Baker Hughes’ FY2026 annual meeting in Florence.
Jan 29, 2026, 2:55 AM
Baker Hughes deepens collaboration with Hydrostor
BKR
New Projects/Investments
- Baker Hughes to integrate its technologies into Hydrostor’s A-CAES base design, supporting up to 1.4 GW of equipment orders for Hydrostor’s flagship projects.
- This agreement marks an expansion of their partnership since Baker Hughes’ initial investment in Hydrostor in 2019 and was announced at Baker Hughes’ 2026 Annual Meeting in Florence.
- Hydrostor will deploy Baker Hughes’ compression, expansion, motor and generator solutions in the initial phase of its US and Australian projects.
- The collaboration aims to accelerate low-carbon, resilient long-duration energy storage to enhance grid reliability amid rising demand.
Jan 29, 2026, 1:30 AM
Baker Hughes and Hydrostor deepen strategic collaboration
BKR
New Projects/Investments
- Baker Hughes and Hydrostor announced a strategic technology solutions and equity agreement at the 2026 Baker Hughes Annual Meeting in Florence, integrating Baker Hughes’ technology into Hydrostor’s advanced compressed air energy storage (A-CAES) platform.
- The deal includes up to 1.4 GW of Baker Hughes equipment orders—spanning compression, expander, motor, and generator technologies—for Hydrostor’s flagship projects in the U.S. and Australia.
- Baker Hughes, an investor in Hydrostor since 2019, will support deployment as Hydrostor nears construction on its long-duration energy storage facilities, aiming to bolster global grid reliability and resiliency.
Jan 28, 2026, 12:00 PM
Baker Hughes secures orders for Wabash Valley’s clean ammonia fertilizer plant
BKR
New Projects/Investments
- Baker Hughes won multiple awards to provide essential compression and integrated well construction solutions for Wabash Valley Resources’ first low-carbon ammonia fertilizer plant in the U.S. Corn Belt.
- The West Terre Haute, Indiana, project will repurpose an existing gasification facility to produce 500,000 tons of ammonia per year and capture 1.67 million tons of CO₂ annually.
- Deliverables include compressors for Honeywell UOP’s hydrogen purification system, ammonia and syngas processing, plus CO₂ injection pumps for permanent geological storage.
- The initiative aims to bolster a more sustainable and reliable domestic fertilizer supply chain for U.S. agriculture.
Jan 28, 2026, 12:00 PM
Baker Hughes reports Q4 2025 results and 2026 outlook
BKR
Earnings
Guidance Update
M&A
- Baker Hughes delivered $7.9 billion in Q4 orders and $1.34 billion of adjusted EBITDA (18.1% margin), generated $1.34 billion of free cash flow, and ended the year with $3.7 billion of cash and a 0.5× net debt/EBITDA ratio.
- In IET, Q4 orders were $4.0 billion, revenue $3.81 billion, and EBITDA $761 million (20% margin); full-year IET orders hit $14.9 billion with RPO at $32.4 billion.
- OFSE reported Q4 revenue of $3.57 billion and EBITDA of $647 million (18.1% margin); full-year OFSE orders totaled $3.5 billion, revenue $14.3 billion, and EBITDA $2.62 billion.
- 2026 guidance: company revenue $27.25 billion, adjusted EBITDA $4.85 billion; IET revenue $13.5 billion (20% margin) and OFSE revenue $13.75 billion.
- Major portfolio actions include the pending Chart acquisition (expected to close in Q2 2026), sale of PSI and SPC JV for $1.5 billion, and a $325 million cost-synergy target from Chart.
Jan 26, 2026, 2:30 PM
Baker Hughes reports Q4 2025 results
BKR
Earnings
Guidance Update
M&A
- Baker Hughes delivered record full-year 2025 IET revenue of $13.4 billion (+10% YoY), with Q4 IET revenue of $3.81 billion and EBITDA of $761 million (20% margin); OFSE posted Q4 revenue of $3.57 billion and EBITDA of $647 million (18.1% margin).
- Full-year new energy orders reached $2 billion (above the $1.4 billion–$1.6 billion target), including $434 million in Q4, and the company targets $2.4 billion–$2.6 billion of new energy orders in 2026.
- For FY 2026, guidance includes IET revenue of $13.5 billion with EBITDA of $2.7 billion (20% margin target), OFSE revenue of $13.75 billion with EBITDA of $2.475 billion, and Q1 2026 revenue of $6.4 billion with adjusted EBITDA of $1.06 billion.
- The pending Chart acquisition is progressing, with integration planning underway and a $325 million cost synergy target.
Jan 26, 2026, 2:30 PM
Baker Hughes reports Q4 and full year 2025 results
BKR
Earnings
Guidance Update
- Baker Hughes delivered Q4 adjusted EBITDA of $1.34 billion, beating guidance midpoint, and a record full-year adjusted EBITDA of $4.83 billion; Q4 adjusted EPS was $0.78 and full-year adjusted EPS $2.60, up 10% year-over-year; Q4 adjusted EBITDA margin improved 30 bps to 18.1%, with full-year margin up 90 bps to 17.4%.
- Industrial & Energy Technology (IET) booked $4 billion in Q4 orders and a record $14.9 billion for 2025, ending the year with a $32.4 billion backlog and book-to-bill above 1×; free cash flow was $1.3 billion in Q4 and a record $2.7 billion for the year (57% conversion).
- For 2026, the company guides to $27.25 billion in revenue and $4.85 billion in adjusted EBITDA (mid-single-digit organic EBITDA growth), with IET orders of $13.5–15.5 billion, and reaffirms the three-year IET orders target of >$40 billion.
- Ongoing portfolio actions include closing the Chart acquisition with $325 million in cost synergies, further company-wide cost‐out programs, and a target of 20% adjusted EBITDA margin by 2028.
Jan 26, 2026, 2:30 PM
Baker Hughes reports Q4 2025 results
BKR
Earnings
Guidance Update
- Achieved Q4 revenue of $7.39 B (+5% QoQ) and FY ’25 revenue of $27.73 B, with Adjusted EBITDA of $1.34 B in Q4 (+8% QoQ) and $4.83 B for FY ’25.
- Expanded Adjusted EBITDA margin to 18.1% in Q4 (+30 bps YoY) and 17.4% for FY ’25, both record highs.
- Generated $1.34 B in free cash flow in Q4, contributing to a record $2.73 B FCF for FY ’25 and 57% conversion.
- IET segment delivered $4.02 B of orders in Q4 (1.1× book-to-bill) and 20.0% Q4 EBITDA margin, driving a record $14.87 B of IET orders in FY ’25.
- Issued 2026 guidance targeting revenue of $26.2 B–$28.3 B and Adjusted EBITDA of $4.55 B–$5.15 B, with mid-single-digit organic EBITDA growth.
Jan 26, 2026, 2:30 PM
Baker Hughes announces Q4 and full-year 2025 results
BKR
Earnings
Guidance Update
- Baker Hughes reported Q4 revenue of $7.4 billion (flat YoY), net income of $876 million, GAAP EPS of $0.88, adjusted EPS of $0.78, and adjusted EBITDA of $1.337 billion.
- Full-year 2025 revenue was $27.7 billion (flat YoY), with net income of $2.588 billion, GAAP and adjusted EPS of $2.60, and adjusted EBITDA of $4.825 billion.
- Fourth-quarter orders totaled $7.9 billion, and Baker Hughes ended Q4 with a record RPO of $35.9 billion, including an IET RPO of $32.4 billion.
- Cash flow from operating activities was $1.662 billion in Q4, yielding free cash flow of $1.341 billion.
- For 2026, the company expects similar organic IET order levels and mid-single-digit organic adjusted EBITDA growth.
Jan 26, 2026, 11:09 AM
Quarterly earnings call transcripts for Baker Hughes.
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