Baker Hughes Co Quarterly Report for Q3 Ended Sep 30, 2025

Summary

Baker Hughes Company reported total revenue of $7.0 billion for the third quarter of 2025, a slight increase of 1% compared to the same period in the prior year. This growth was primarily driven by a 15% increase in the Industrial & Energy Technology (IET) segment, which benefited from strong performance in Gas Technology Equipment and Services. However, the Oilfield Services & Equipment (OFSE) segment experienced an 8% decline in revenue, impacted by lower international activity and rig counts. Net income attributable to Baker Hughes Company for the quarter was $609 million, a decrease of 20% year-over-year, attributed to factors such as a decline in the market-to-market adjustment of equity securities, reduced volumes in OFSE, and transaction costs related to acquisitions and divestitures, partially offset by cost-saving initiatives. The company is progressing with its significant acquisition of Chart Industries, Inc., expected to close mid-2026, and has completed the acquisition of Continental Disc Corporation. Portfolio management actions, including the expected sale of the Precision Sensors & Instrumentation business and the formation of a Surface Pressure Control joint venture, are also moving forward. Despite a challenging oil market outlook due to geopolitical tensions and potential oversupply, Baker Hughes remains optimistic about the natural gas outlook and is focused on leveraging its diversified portfolio to deliver integrated, lower-emission solutions across the energy value chain.

Key Highlights

• 1Total revenue for Q3 2025 reached $7.0 billion, a 1% increase year-over-year, primarily driven by the IET segment's strong performance.
• 2Net income attributable to Baker Hughes Company decreased by 20% to $609 million in Q3 2025 compared to Q3 2024.
• 3The Industrial & Energy Technology (IET) segment revenue grew 15% year-over-year, boosted by Gas Technology Equipment and Services.
• 4The Oilfield Services & Equipment (OFSE) segment revenue declined 8% year-over-year, influenced by reduced international activity and lower rig counts.
• 5The company is proceeding with the acquisition of Chart Industries, Inc., with an expected closing date in mid-2026.
• 6Baker Hughes completed the acquisition of Continental Disc Corporation (CDC) in August 2025.
• 7Remaining Performance Obligations (RPO) stood at $35.3 billion as of September 30, 2025, indicating strong future revenue potential.

Frequently Asked Questions