3Q 2025 Results October 24, 2025 Chairman & Chief Executive Officer Copyright 2024 Baker Hughes Company. All rights reserved. The information contained in this document is company confidential and proprietary property of Baker Hughes and its affiliates. It is to be used only for the benefit of Baker Hughes and may not be distributed, transmitted, reproduced, altered, or used for any purpose without the express written consent of Baker Hughes. Copyright 2025 Baker Hughes Company. All rights reserved. The inf ...

Baker Hughes (BKR) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.67 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +11.48%. A quarter ago, it was expected that this oilfield services company would post earnings of $0.55 per share when it actually produced earnings of $0.63, delivering a surprise of +14.55%.Over the last four quarte ...

Financial Performance - Total orders for the third quarter of 2025 reached $8.2 billion, a 17% sequential increase and a 23% year-over-year increase, including $4.1 billion in IET orders[5] - Revenue for the quarter was $7.0 billion, reflecting a 1% increase both sequentially and year-over-year[20] - Attributable net income was $609 million, down 13% sequentially and 20% year-over-year[21] - Adjusted EBITDA for the quarter was $1,238 million, up 2% sequentially and year-over-year[23] - Remaining Performance Obligations (RPO) totaled $35.3 billion, an increase of $1.3 billion from the previous quarter, with IET RPO at a record $32.1 billion[25] - OFSE orders for Q3 2025 reached $4,068 million, an increase of $565 million, or 16% sequentially[30] - OFSE revenue for Q3 2025 was $3,636 million, up $18 million, or 1% sequentially, but down $327 million, or 8% year-over-year[30] - IET orders for Q3 2025 totaled $4,139 million, an increase of $1,271 million, or 44% year-over-year[34] - IET revenue for Q3 2025 was $3,374 million, an increase of $429 million, or 15% year-over-year[35] - Adjusted net income attributable to Baker Hughes for Q3 2025 was $678 million, with adjusted earnings per share of $0.68[41] - Revenue for Q3 2025 was $7,010 million, a slight increase of 1.5% compared to $6,908 million in Q3 2024[10] - Net income attributable to Baker Hughes Company for Q3 2025 was $609 million, down 20.5% from $766 million in Q3 2024[10] - Basic income per Class A common stock decreased to $0.62 in Q3 2025 from $0.77 in Q3 2024, representing a decline of 19.5%[10] Cash Flow and Assets - Cash flow from operating activities was $929 million, with free cash flow at $699 million for the quarter[26] - Free cash flow for Q3 2025 was $239 million, down from $699 million in Q2 2025[42] - Total current assets increased to $17,529 million as of September 30, 2025, compared to $17,211 million at the end of 2024, reflecting a growth of 1.8%[46] - Cash and cash equivalents decreased to $2,693 million at the end of Q3 2025 from $3,364 million at the end of 2024, a decline of 19.9%[46] - Net cash flows provided by operating activities for the nine months ended September 30, 2025, were $2,148 million, slightly up from $2,142 million in the same period of 2024[48] - The company reported net cash used in investing activities of $1,651 million for the nine months ended September 30, 2025, compared to $799 million in the same period of 2024[48] - Dividends paid in Q3 2025 amounted to $227 million, an increase from $628 million in Q3 2024[48] Acquisitions and Strategic Initiatives - The company announced its intent to acquire Chart Industries, Inc. for approximately $13.6 billion, enhancing its portfolio in high-growth markets[8] - Baker Hughes completed the acquisition of Continental Disc Corporation, expected to expand its position in flow and pressure control markets[9] - The company expects full-year orders to exceed prior midpoint estimates, driven by strong visibility on expected awards in the fourth quarter[4] Market Performance - North America revenue for OFSE was $980 million, up $52 million, or 6% sequentially[31] - International revenue for OFSE was $2,656 million, down $34 million, or 1% sequentially[31] Future Outlook - The company has scheduled an investor conference call for October 24, 2025, to discuss management's outlook and results[50] - Baker Hughes continues to focus on innovative technologies and services to enhance energy efficiency and sustainability[54]

Oilfield services provider Baker Hughes surpassed Wall Street expectations for third-quarter profit on Thursday, helped by strength in its industrial and energy technology unit. ...

Third-quarter highlights Orders of $8.2 billion, including $4.1 billion of IET orders.RPO of $35.3 billion, including record IET RPO of $32.1 billion.Revenue of $7.0 billion, up 1% year-over-year.Attributable net income of $609 million.GAAP diluted EPS of $0.61 and adjusted diluted EPS* of $0.68.Adjusted EBITDA* of $1,238 million, up 2% year-over-year.Cash flows from operating activities of $929 million and free cash flow* of $699 million. HOUSTON and LONDON, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Baker Hughes C ...

据悉,外资企业贡献了全省16.9%的进出口额,成为稳住外贸基本盘的重要力量。今年前三季度,山东省外 贸进出口同比增长5.5%,高于全国1.5个百分点。在推动外资提质增效上,今年前8个月,全省实际使用外资 65.5亿美元,规模居全国第5位。 记者张阿凤济南报道 10月21日,山东省政府新闻办新闻发布会披露,"十四五"以来山东已累计吸引236家世界500强企业投资946 个项目,全省实际使用外资规模居全国第5位,高技术产业利用外资占比达42%。今年前三季度,山东对共 建"一带一路"国家进出口增长9.2%,占比提升至64.2%。这些亮眼数据背后,是山东深化与跨国公司合 作、共建共生共赢产业生态的丰硕成果。 外资企业贡献了全省 16.9%的进出口额 省商务厅副厅长熊云泽在发布会上介绍,"十四五"以来,山东始终以"伙伴思维"拥抱全球资源,推动产业链 供应链国际合作深度融合。在吸引外资方面,日本小松公司在济宁投资100余亿元建设智能制造产业基 地；瑞典海克斯康集团在青岛投资20余亿元建设技术研发中心、大中华区总部和智慧产业园；德国采埃 孚集团2022年以来连续3次增资1.4亿欧元,在日照建设乘用车汽车零部件生产基地。 在 ...

Ananym Capital would like to see energy and technolgy company Baker Hughes spin out its oil field services and equipment business, arguing such a step could help push up the stock price by at least 60... ...

Key Takeaways Baker Hughes will report Q3 2025 results on Oct. 23 after the market closes.The consensus estimate calls for EPS of 61 cents and revenues of $6.8 billion.Softer oil prices may weigh on Oilfield Services and Equipment performance.Baker Hughes (BKR) is set to report third-quarter 2025 results on Oct. 23, after the closing bell.In the last reported quarter, its adjusted earnings of 63 cents per share beat the Zacks Consensus Estimate of 55 cents, primarily attributed to cost improvements and oper ...

Core Insights - The Oils-Energy sector experienced contrasting trends in Q3 2025, with crude oil prices declining due to oversupply and global economic concerns, while natural gas prices surged amid tighter supply and geopolitical tensions [1][2][3] Oil Market Overview - Crude oil prices fell significantly, with West Texas Intermediate averaging $65.74 per barrel, a 14% decrease from $76.24 in Q3 2024, primarily due to OPEC+ producers increasing output by over 1.3 million barrels per day [2] - Factors contributing to the decline included U.S.-China trade tensions, renewed tariff threats on Indian imports, and weaker industrial demand expectations [2] - President Trump's policies aimed at controlling inflation by keeping energy costs low further pressured oil prices, alongside the International Energy Agency's forecasts of slowing global consumption [2] Natural Gas Market Overview - In contrast, natural gas prices rose sharply, with the Henry Hub spot price averaging $3.03 per million British thermal units (MMBtu), a 44% increase from $2.11 per MMBtu in Q3 2024 [3] - This increase was driven by supply disruptions and strong demand, particularly due to tight global LNG trade and Middle East supply interruptions following geopolitical conflicts [3] - U.S. gas inventories remained below five-year averages, and high LNG export volumes to Europe and Asia contributed to a balanced domestic supply at lower levels [3] Earnings Outlook for the Energy Sector - The Oils-Energy sector is projected to see a 6.7% year-over-year decline in Q3 earnings, an improvement from the 16.9% contraction in Q2 but still lagging behind the broader market [4][5] - Only 4% of S&P 500 energy companies have reported earnings so far, showing a mixed performance with a 100% beat rate on EPS but 0% on revenues, indicating ongoing top-line pressures [4] - In comparison, the broader S&P 500 is expected to deliver 6.5% earnings growth, highlighting the energy sector's struggles [5] Sector Challenges - The energy sector faces multifaceted challenges, including volatile commodity prices, shifting global demand, and persistent margin pressures [6] - Net margins are expected to remain under pressure, contributing to the earnings decline, while other sectors like Aerospace, Finance, and Technology are experiencing strong growth [6] Investment Considerations - The divergence in sector performance emphasizes the need for selective investing, with a focus on operational efficiency, cost discipline, and strategic positioning among companies with diversified energy exposure or stronger natural gas portfolios [7][8]

The upcoming report from Baker Hughes (BKR) is expected to reveal quarterly earnings of $0.61 per share, indicating a decline of 9% compared to the year-ago period. Analysts forecast revenues of $6.83 billion, representing a decline of 1.2% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company announces its earnings, it is essent ...