Earnings summaries and quarterly performance for Baker Hughes.
Executive leadership at Baker Hughes.
Lorenzo Simonelli
Detailed
Chairman, President and Chief Executive Officer
CEO
Ahmed Moghal
Detailed
Executive Vice President and Chief Financial Officer
Amerino Gatti
Detailed
Executive Vice President, Oilfield Services & Equipment
Fernando Contreras
Detailed
Vice President, Chief Compliance Officer & Corporate Secretary
Georgia Magno
Detailed
Chief Legal Officer
Maria Claudia Borras
Detailed
Chief Growth & Experience Officer and Interim Executive Vice President, Industrial & Energy Technology
Board of directors at Baker Hughes.
Abdulaziz M. Al Gudaimi
Detailed
Director
Cynthia B. Carroll
Detailed
Director
Gregory D. Brenneman
Detailed
Director
Ilham Kadri
Detailed
Director
John G. Rice
Detailed
Lead Independent Director
Michael R. Dumais
Detailed
Director
Mohsen M. Sohi
Detailed
Director
Shirley A. Edwards
Detailed
Director
W. Geoffrey Beattie
Detailed
Director
Research analysts who have asked questions during Baker Hughes earnings calls.
Scott Gruber
Citigroup
8 questions for BKR
Also covers: APA, BKV, CHX +24 more
Arun Jayaram
JPMorgan Chase & Co.
7 questions for BKR
Also covers: APA, AR, COP +33 more
Saurabh Pant
Bank of America
6 questions for BKR
Also covers: ACDC, AESI, CHX +10 more
David Anderson
Barclays PLC
3 questions for BKR
Also covers: ASPN, CHX, FTI +7 more
James West
Evercore ISI
3 questions for BKR
Also covers: AMPS, BORR, CEG +12 more
J. David Anderson
Barclays
3 questions for BKR
Also covers: ASPN, FTI, HAL +7 more
Marc Bianchi
TD Cowen
3 questions for BKR
Also covers: FTI, GTLS, HAL +6 more
Stephen Gengaro
Stifel Financial Corp.
3 questions for BKR
Also covers: ACDC, AESI, AMRC +24 more
John Anderson
Barclays
2 questions for BKR
Also covers: FTI, HAL, JJSF +4 more
Stephen Gengaro
Stifel
2 questions for BKR
Also covers: ACDC, BOOM, FRMI +6 more
Kurt Hallead
The Benchmark Company
1 question for BKR
Also covers: AESI, FTI, HAL +14 more
Neil Mehta
Goldman Sachs
1 question for BKR
Also covers: AESI, APA, AR +36 more
Recent press releases and 8-K filings for BKR.
Baker Hughes forms strategic alliance to support Alaska LNG project
BKR
New Projects/Investments
- Baker Hughes and Glenfarne signed definitive agreements for Baker Hughes to supply main refrigerant compressors and power generation equipment and make a strategic investment in the Alaska LNG Project.
- The development is structured in two phases: a 807-mile, 42-inch pipeline (Phase One) and a 20 MTPA LNG export terminal (Phase Two), with Phase Two expected to reach FID in late 2026.
- Glenfarne has secured 11 MTPA of LNG purchase commitments from buyers in Japan, Korea, Taiwan, and Thailand, covering over 60% of the volume needed for FID.
Nov 10, 2025, 10:00 PM
Baker Hughes announces strategic alliance to advance Alaska LNG project
BKR
New Projects/Investments
- Baker Hughes has entered a strategic alliance with Glenfarne to supply main refrigerant compressors and power generation equipment for the Alaska LNG Project, and has committed a strategic investment to support the development.
- Phase Two will add an LNG terminal enabling 20 MTPA of export capacity, with a Final Investment Decision expected in late 2026.
- Since becoming lead developer in March 2025, Glenfarne has secured commitments for 11 MTPA of LNG from Tokyo Gas, JERA Co. Inc., and POSCO International—over 60% of the volume needed for FID.
- Glenfarne’s North American LNG portfolio under development totals 32.8 MTPA across Alaska, Texas, and Louisiana; Baker Hughes will also supply compression equipment for the Texas LNG project.
Nov 10, 2025, 9:15 PM
Baker Hughes highlights OMS Energy's AI+Robotics push into pipeline inspection market
BKR
New Projects/Investments
- OMS Energy is initiating AI+Robotics R&D to develop comprehensive pipeline monitoring solutions, aiming to improve cost control, operational efficiency, and safety in oil and gas pipeline inspection and maintenance.
- The global oil and gas pipeline maintenance market is projected to grow from USD 102.9 billion in 2025 to USD 150 billion by 2035 (CAGR 3.85%), while the pipeline monitoring system segment was USD 18.45 billion in 2024, forecast to reach USD 32.65 billion by 2032 (CAGR 7.4%).
- OMS Energy is actively seeking partnerships worldwide to integrate AI, the Internet of Things, and specialized robotics, targeting both onshore and offshore pipeline projects.
- The company is also exploring entry into the urban pipeline inspection and maintenance market, estimated to exceed USD 50 billion globally and USD 10 billion in China by 2030.
Nov 7, 2025, 10:30 AM
Baker Hughes secures order for Rio Grande LNG expansion
BKR
New Projects/Investments
- Baker Hughes was awarded by Bechtel to supply primary liquefaction equipment for Train 5 of NextDecade’s Rio Grande LNG facility in Texas.
- The Train 5 order includes two Frame 7 gas turbines and six centrifugal compressors, supporting approximately 6 MTPA of additional LNG capacity.
- This award follows a recent order for Train 4 under a framework covering equipment and services for Trains 4 through 8.
- Baker Hughes will also deploy Cordant™ Asset Health digital solutions to monitor and diagnose rotating equipment on Trains 1 – 3.
Nov 6, 2025, 12:00 PM
Baker Hughes reports Q3 2025 results
BKR
Earnings
Guidance Update
M&A
- Baker Hughes delivered $1.24 billion in adjusted EBITDA, up 2% YoY, with 17.7% margins, based on 1% revenue growth, and raised full-year EBITDA guidance above $4.7 billion.
- IET secured $4.1 billion of orders, growing backlog to $32.1 billion, while revenue rose 15% YoY to $3.4 billion and segment EBITDA increased 20% to $635 million.
- OFSE posted $3.6 billion in Q3 revenue and $671 million in EBITDA, with margins at 18.5%, reflecting cost inflation offset by productivity improvements.
- Shareholders approved the Chart Industries acquisition on October 6; Baker Hughes expects to close mid-2026, targeting 1–1.5x net debt/EBITDA and $325 million in cost synergies.
- Q3 free cash flow of $699 million bolstered a $2.7 billion cash balance and 0.7x net debt/EBITDA, and the company returned $227 million in dividends; it raised 2025 EBITDA midpoint to $4.74 billion and targets 20% margins by 2028.
Oct 24, 2025, 1:30 PM
Baker Hughes reports Q3 2025 results
BKR
Earnings
Guidance Update
M&A
- Adjusted EBITDA of $1.24 billion, up 2% YoY, with margins improving 20 bps to 17.7% in Q3 2025.
- Total bookings of $8.2 billion (incl. $4.1 billion from IET), driving backlog to a record $32.1 billion (+3% QoQ) and IET YTD orders of ~$11 billion, including $1.6 billion in New Energy.
- Raised full-year guidance: total company adjusted EBITDA midpoint to $4.74 billion; IET revenue to $13.05 billion and EBITDA to $2.4 billion; IET orders midpoint to $14 billion.
- Chart acquisition: secured shareholder approval on October 6; integration planning under way targeting mid-2026 close, $325 million cost synergies and net debt/EBITDA of 1–1.5× within 24 months.
- Strong balance sheet & cash flow: cash of $2.7 billion, net debt/EBITDA of 0.7×, liquidity of $5.7 billion, and Q3 free cash flow of $699 million with FY conversion of 45–50% expected.
Oct 24, 2025, 1:30 PM
Baker Hughes reports Q3 2025 results
BKR
Earnings
Guidance Update
M&A
- Baker Hughes delivered $1.24 billion in adjusted EBITDA (up 2% YoY) on 1% revenue growth, with margins expanding 20 bps to 17.7%; free cash flow was $699 million in Q3 2025.
- Industrial & Energy Technology (IET) secured $4.1 billion in orders, growing backlog 3% to $32.1 billion, while IET revenue rose 15% YoY to $3.4 billion and segment EBITDA increased 20% to $635 million with margins at 18.8%.
- Full-year adjusted EBITDA midpoint raised to $4.74 billion; IET revenue guidance midpoint increased to $13.05 billion and EBITDA to $2.4 billion; full-year IET orders now expected to exceed $14 billion.
- Baker Hughes received shareholder approval for the Chart Industries acquisition, targeting a mid-2026 close and aiming for a 1–1.5× net debt/EBITDA ratio within 24 months post-close, with integration planning underway.
Oct 24, 2025, 1:30 PM
Baker Hughes announces Q3 2025 results
BKR
Earnings
M&A
Guidance Update
- Baker Hughes delivered Q3 adjusted EBITDA of $1.24 billion, up 2% YoY, with margins of 17.7%, GAAP EPS of $0.61, adjusted EPS of $0.68, and $699 million in free cash flow.
- Total company bookings were $8.2 billion, including $4.1 billion in IET orders; IET backlog reached a record $32.1 billion, with YTD orders of nearly $11 billion and full-year IET orders now expected to exceed prior guidance.
- Full-year adjusted EBITDA guidance midpoint raised to $4.74 billion; IET revenue midpoint increased to $13.05 billion (EBITDA $2.4 billion), and OFSE revenue midpoint to $14.35 billion (EBITDA unchanged at $2.62 billion).
- Portfolio actions include closing the Continental Disc acquisition, pending divestitures to generate $1.4 billion in proceeds, and the Chart Industries acquisition approved on October 6, expected to close mid-2026 with $325 million in cost synergies.
Oct 24, 2025, 1:30 PM
Baker Hughes expands coiled tubing drilling operations with Aramco
BKR
New Projects/Investments
- Baker Hughes was awarded a multi-year contract by Aramco to increase its underbalanced coiled tubing drilling fleet in Saudi Arabia from 4 to 10 units, with the order booked in Q3 2025.
- The scope includes coiled tubing drilling units plus integrated services—underbalanced drilling, operational management, well construction, and geosciences.
- The project leverages Baker Hughes’ CoilTrak™ bottomhole assembly system and GaffneyCline™ reservoir analysis to boost drilling efficiency, speed, and safety.
- Work is set to commence in 2026, extending a partnership that began in 2008 and reinforcing strong HSE and operational performance.
Oct 24, 2025, 12:00 PM
Baker Hughes to supply subsea tree systems to Petrobras
BKR
New Projects/Investments
- Baker Hughes was awarded a contract by Petrobras to supply up to 50 subsea tree systems and associated equipment for offshore oil and gas production in Brazil.
- The scope includes manufacturing Petrobras’s pre-salt standard subsea trees, subsea distribution units, in-line tees, vertical connection systems, and topside control cabinets.
- The systems will enhance recovery in established fields such as Albacora, Jubarte, and Barracuda-Caratinga, and optimize production in pre-salt developments including Mero and Buzios.
- Procurement and manufacturing are scheduled to commence in 3Q 2025 as part of Baker Hughes’s localization strategy in Brazil.
Sep 29, 2025, 11:00 AM
Quarterly earnings call transcripts for Baker Hughes.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more