BKR SEC Filings

Baker Hughes Company (BKR) reported revenues of $27.7 billion for the fiscal year ending December 31, 2025, a slight decrease from the previous year, primarily driven by a decline in the Oilfield Services & Equipment (OFSE) segment, which was partially offset by growth in the Industrial & Energy Technology (IET) segment. The company's net income saw a decrease of 13% to $2.6 billion, impacted by factors including transaction costs and changes in the valuation of equity securities. Despite softer market conditions in OFSE, BKR anticipates modest improvements later in the year, while the IET segment is expected to maintain strength, particularly in LNG, gas infrastructure, and data center applications. Strategic initiatives in 2025 included the acquisition of Continental Disc Corporation and progress towards the acquisition of Chart Industries, expected to close in Q2 2026. The company returned $1.3 billion to shareholders through dividends and share repurchases, demonstrating a commitment to capital return. BKR continues to invest in R&D, with a focus on new energy solutions like hydrogen and CCUS, positioning itself for the energy transition while leveraging its strong base in traditional oil and gas markets.

Baker Hughes Company (BKR) filed an 8-K on January 25, 2026, to announce its financial results for the fourth quarter and full year ended December 31, 2025. The report primarily serves to furnish the accompanying earnings release, which contains the detailed financial and operational performance. Investors should note that the information provided in this 8-K, including the earnings release, is furnished and not deemed 'filed' for regulatory purposes, meaning it is not automatically incorporated into future SEC filings unless specifically referenced. The company also announced a conference call scheduled for January 26, 2026, to discuss these results. This call will provide further insights into the company's performance and outlook, with both GAAP and non-GAAP financial measures expected to be discussed. Reconciliations for any non-GAAP measures to their closest GAAP equivalents are available in the earnings release.

This 8-K filing from Baker Hughes Co. (BKR) announces a significant development in their previously announced acquisition of Chart Industries, Inc. (Chart). The key update is the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act (HSR Act), which is a crucial regulatory step towards completing the merger. While this hurdle has been cleared, the transaction is still subject to other customary conditions and regulatory approvals, with the expected closing timeline remaining mid-year 2026. Investors should note that the completion of this acquisition remains contingent on several factors, including obtaining all necessary regulatory approvals and Baker Hughes's ability to manage the substantial debt it expects to incur. The company also cautions that actual results could differ materially from forward-looking statements due to various risks, including integration challenges, competition, and general economic conditions. The filing serves as an important update on the progress and ongoing complexities of this significant strategic transaction.

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.

Baker Hughes Company (BKR) filed an 8-K on October 23, 2025, to report its financial results for the third quarter ended September 30, 2025. The filing includes a furnished news release (Exhibit 99.1) detailing these results. Investors should note that while this information is being provided, it is furnished and not deemed "filed" for certain SEC purposes, meaning it won't be automatically incorporated into other SEC filings unless specifically referenced. The company also announced it will hold a conference call on October 24, 2025, to discuss these third-quarter results. This call was previously announced and will be webcast live on Baker Hughes' investor relations website, with an archive available for a month. The discussion will include both GAAP and potentially non-GAAP financial measures, with reconciliations provided in the news release, allowing investors to compare performance against standard accounting principles.

Baker Hughes Company (BKR) has announced a change in executive leadership within its Industrial & Energy Technology segment. Ganesh Ramaswamy has resigned from his position as Executive Vice President of Industrial & Energy Technology to pursue other opportunities. The company expressed gratitude for his contributions. Effective October 24, 2025, Maria Claudia Borras, currently the Chief Growth and Experience Officer, will assume interim leadership of the Industrial & Energy Technology segment in addition to her existing responsibilities. Ms. Borras brings extensive experience, with over 30 years at Baker Hughes and within the energy technology sector, including prior executive roles in Oilfield Services & Equipment and Oilfield Services.

Baker Hughes Company (BKR) has filed an 8-K detailing a significant financing arrangement entered into on August 15, 2025. Baker Hughes Holdings LLC (BHH), as borrower, and Baker Hughes Company (BHC) as parent guarantor, secured a $2.6 billion senior, unsecured delayed draw term loan facility. This facility is specifically earmarked to finance BHC's previously announced acquisition of Chart Industries, Inc. (Chart) and to cover associated fees and expenses, provided that BHC has not secured alternative permanent financing before the closing of the Chart Acquisition. The term loan is contingent upon the substantial and concurrent completion of the Chart Acquisition. The credit agreement includes customary covenants, representations, and events of default. Notably, the loan commitments will be reduced by the net proceeds from certain asset sales occurring between the agreement's effective date and the closing date of the term loan. Borrowings under this agreement will mature two years from the funding date. This filing provides clarity on the funding mechanism for a key strategic acquisition, offering investors insight into the company's financial strategy.

Baker Hughes Company (BKR) has announced a significant strategic move, entering into a definitive Agreement and Plan of Merger to acquire Chart Industries, Inc. (Chart) for $210.00 per share in cash. This all-cash transaction, valued at approximately $14.9 billion if fully drawn on the bridge facility, aims to combine Baker Hughes's strong position in the energy technology sector with Chart's expertise in industrial gas equipment and services. The acquisition is subject to customary closing conditions, including Chart shareholder approval and regulatory clearances, such as Hart-Scott-Rodino antitrust review. Baker Hughes has secured committed financing for the transaction through a 364-day bridge loan facility, with plans to seek permanent financing. The company highlights the potential for synergies and operational efficiencies, though investors should be aware of the inherent risks in integrating such a large acquisition, including financing, regulatory hurdles, and potential disruptions.

Baker Hughes Company reported its second quarter 2025 results, showing a slight year-over-year revenue decrease to $6.9 billion, primarily due to softer activity in the Oilfield Services & Equipment (OFSE) segment, which saw a $0.4 billion decline. This was partially offset by a $0.2 billion revenue increase in the Industrial & Energy Technology (IET) segment, driven by growth in Gas Technology and Climate Technology solutions. Despite the revenue dip, net income attributable to Baker Hughes Company saw a healthy increase of 21% to $701 million ($0.71 per diluted share), compared to $579 million ($0.58 per diluted share) in the prior year's second quarter. This improved profitability was attributed to higher EBITDA margins across both segments, gains from the fair value of equity securities, and favorable foreign exchange, despite lower volumes in OFSE. The company also continues to return capital to shareholders, with a total of $423 million distributed through dividends and share repurchases in the quarter.

Baker Hughes Company (BKR) has filed an 8-K report on July 22, 2025, furnishing a news release announcing its second-quarter financial results for the period ending June 30, 2025. While the specific financial figures are not detailed within the 8-K text itself, the report serves as the official notification and dissemination vehicle for these results, which were publicly released on July 22nd. Investors should refer to the furnished Exhibit 99.1, the news release, for the detailed financial performance, including both GAAP and any non-GAAP measures that will be discussed further. Baker Hughes has also scheduled a conference call for July 23, 2025, to discuss these second-quarter earnings. This call, previously announced on June 13, 2025, will be accessible via a webcast on the company's investor relations website, with an archived version available for one month. Investors are reminded that any non-GAAP financial measures presented should be considered alongside, not as a substitute for, their GAAP equivalents, with reconciliations provided in the news release.

This 8-K filing from Baker Hughes Company reports on the outcomes of their 2025 Annual Meeting of Stockholders held on May 20, 2025. All key proposals presented to shareholders received strong approval. Nine director nominees were elected to the Board, the executive compensation program was approved in an advisory vote, and KPMG LLP was ratified as the independent registered public accounting firm for fiscal year 2025. The meeting saw significant shareholder participation, with a quorum established and a substantial majority of votes cast in favor of each proposal, indicating continued investor confidence in the company's leadership and governance. For investors, the overwhelming support for the Board of Directors and executive compensation suggests alignment between management and shareholders on the company's strategic direction and financial stewardship. The ratification of KPMG LLP also reinforces the company's commitment to transparent and reliable financial reporting. The results of this meeting are a positive signal regarding the stability and direction of Baker Hughes.

Baker Hughes Company reported total revenue of $6.43 billion for the first quarter of 2025, a slight increase of $9 million compared to the same period last year. Net income, however, saw a decline of $53 million to $402 million, largely due to a $140 million loss from the change in fair value of equity securities in Q1 2025 compared to a gain in Q1 2024. The Oilfield Services & Equipment (OFSE) segment experienced a revenue decrease of $285 million, primarily driven by lower international and domestic rig counts. Conversely, the Industrial & Energy Technology (IET) segment showed robust growth, with revenue increasing by $294 million, boosted by strong performance in Gas Technology Equipment and Climate Technology Solutions. Despite the year-over-year dip in net income, the company's financial health remains solid. Baker Hughes maintained a strong liquidity position with $3.3 billion in cash and cash equivalents and an undrawn $3.0 billion revolving credit facility. The company also demonstrated commitment to shareholder returns by increasing its quarterly dividend to $0.23 per share and returning a total of $417 million to shareholders through dividends and share repurchases in the quarter. Management expressed optimism about the long-term natural gas outlook while anticipating a softening in the global oil market for the remainder of 2025, with expectations for lower upstream spending globally.

Baker Hughes Company (BKR) has filed an 8-K report on April 22, 2025, to announce its first quarter financial results for the period ended March 31, 2025. The detailed financial results, including both GAAP and non-GAAP measures, were provided in a news release furnished with this filing (Exhibit 99.1). Investors should note that while this information is being disclosed, it is furnished and not deemed "filed" with the SEC, meaning it won't automatically be incorporated into future SEC filings unless explicitly referenced. The company has also scheduled a conference call for April 23, 2025, to discuss these results. This call, previously announced, will be webcast live on the investor relations section of Baker Hughes' website, with an archived version available for one month. Investors are advised to review the provided news release for specific financial performance details and to consult the reconciliations of non-GAAP measures to the closest GAAP equivalents, which are also included in the release.

Baker Hughes Company (BKR) has announced a change in its Board of Directors, with a director departing and a new director being appointed. Lynn L. Elsenhans will not seek re-election at the upcoming 2025 Annual Meeting of Shareholders after a tenure that began in 2019. Her departure is amicable and not due to any disagreements with the Company. Concurrently, the Board has elected Ilham Kadri to join the Board, effective May 1, 2025, expanding the Board's size from ten to eleven members. Dr. Kadri brings extensive global leadership experience, most recently as CEO of Syensqo S.A. and previously as CEO of Solvay S.A. Her appointment is expected to enhance the Board's expertise, particularly given her recognized independence and qualification as an audit committee financial expert. She will serve on the Audit and Human Capital and Compensation Committees, with her compensation aligning with existing non-employee director compensation.

Baker Hughes Company (BKR) has announced a voluntary change in the presentation of its income statement, effective for its forthcoming Form 10-Q filing for the fiscal quarter ended March 31, 2025. The primary changes involve the separate presentation of research and development (R&D) costs as a distinct line item and the removal of the operating income sub-total and the non-operating income (loss) line item. These adjustments are purely presentational and do not alter the historically reported consolidated or segment financial results in any past period. Investors should note that this change is cosmetic in nature, designed to enhance transparency and clarity regarding R&D investments. The company has provided a retrospectively adjusted financial supplement (Exhibit 99.1) to reflect these changes historically, allowing for consistent comparison. While the operating income sub-total will be removed, R&D costs will now be more clearly identifiable, which could be of interest to investors analyzing the company's innovation and growth strategies.

Baker Hughes Company (BKR) announced a significant leadership change in its finance department via an 8-K filing on February 24, 2025. The company appointed Ahmed Moghal as the new Executive Vice President and Chief Financial Officer, effective immediately. Mr. Moghal, who has been with Baker Hughes since the 2017 merger with GE Oil & Gas and most recently served as the CFO of the Industrial and Energy Technology business, brings over two decades of global financial experience to the role. This transition marks the departure of Nancy Buese from the CFO position, though she will remain in an advisory capacity until April 30, 2025, to ensure a smooth handover. The company's filing also included details on Mr. Moghal's compensation package, which includes a base salary of $750,000, a target bonus of 100% of base salary, and substantial equity awards. Furthermore, Baker Hughes reaffirmed its financial guidance previously issued on January 31, 2025, indicating continued confidence in its financial outlook amidst this executive transition. Investors should note the continuity in financial guidance alongside the leadership change.

Baker Hughes Company reported strong financial performance for the fiscal year ending December 31, 2024, with total revenues reaching $27.8 billion, a 9% increase from the previous year. This growth was primarily driven by the Industrial & Energy Technology (IET) segment, which saw a significant 20% revenue increase, largely due to strong performance in Gas Technology Equipment. The Oilfield Services & Equipment (OFSE) segment also contributed with a modest 2% revenue increase, mainly from Subsea & Surface Pressure Systems. The company's strategic focus on transforming its core business, driving profitable growth, and delivering results in new energy solutions appears to be yielding positive outcomes. Baker Hughes is actively investing in technologies for the energy transition, including CCUS, hydrogen, and geothermal, evidenced by its $643 million investment in R&D. Looking ahead to 2025, the company anticipates a muted outlook for upstream spending in North America due to oil price volatility but remains optimistic about continued strength in IET, particularly in LNG, gas infrastructure, and new energy solutions. The company also returned $1.3 billion to shareholders through dividends and share repurchases, underscoring its commitment to capital allocation.

Baker Hughes Company (BKR) filed an 8-K on January 30, 2025, to report its financial results for the fourth quarter and full year ended December 31, 2024. The filing primarily consists of a furnished news release (Exhibit 99.1) detailing these results, which will be discussed further on a conference call scheduled for January 31, 2025. Investors should note that the information provided, while containing both GAAP and non-GAAP measures, is furnished and not deemed 'filed' for regulatory purposes, unless specifically incorporated into future filings. The company is providing investors with an opportunity to hear management's commentary on the performance and outlook during the upcoming conference call. It is important for investors to review the provided news release and the accompanying reconciliations for non-GAAP measures to fully understand the company's financial position and performance for the period. The focus of the 8-K is the dissemination of the earnings announcement and providing access to further discussion via webcast.

Baker Hughes Company reported solid financial results for the third quarter and the first nine months of 2024, demonstrating revenue growth and improved operating income. Total revenue for the third quarter increased by 4% year-over-year to $6.9 billion, driven by strong performance in the Industrial & Energy Technology (IET) segment, which saw a 9% revenue increase. The Oilfield Services & Equipment (OFSE) segment experienced a slight revenue increase of 0.3%. Overall operating income saw a significant jump of 30% in the third quarter to $930 million, reflecting higher volumes, favorable pricing, and successful cost optimization initiatives across both segments, partially offset by cost inflation and unfavorable business mix. For the first nine months of the year, total revenue grew by 10% to $20.5 billion, with IET revenue up 20% and OFSE revenue up 3%. Operating income for the nine-month period increased by 45% to $2.4 billion. The company returned $361 million to shareholders in the third quarter through dividends and share repurchases, underscoring its commitment to a flexible capital allocation strategy. Baker Hughes maintains a positive outlook for the global gas market while acknowledging uncertainty in the oil outlook, expecting upstream spending to remain stable in 2025 compared to 2024.

Baker Hughes Company (BKR) has filed an 8-K report on October 22, 2024, primarily to furnish its earnings release for the third quarter ended September 30, 2024. The report indicates that the company will discuss its financial results, including both GAAP and non-GAAP measures, during a conference call scheduled for October 23, 2024. Investors should note that this information, while important for understanding the company's performance, is furnished and not deemed "filed" for regulatory purposes unless expressly incorporated into future SEC filings. The furnished news release, attached as Exhibit 99.1, contains the detailed financial results. While the specific figures are not reproduced here, the filing signals that BKR is providing investors with its quarterly performance data and an opportunity to engage with management through the upcoming conference call and webcast. Investors are encouraged to review the full news release and the subsequent conference call for a comprehensive understanding of Baker Hughes' third-quarter operational and financial standing.

Baker Hughes Company reported a strong second quarter of 2024, demonstrating significant year-over-year improvement in financial results, driven by robust revenue growth and margin expansion across both its Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. Total revenue increased by 13% to $7.14 billion, bolstered by higher volumes in IET's Gas Technology Equipment and increased activity in OFSE. Net income attributable to Baker Hughes Company rose to $579 million, or $0.58 per diluted share, compared to $410 million, or $0.40 per diluted share, in the prior year's second quarter. The company's outlook remains cautiously optimistic, anticipating continued strength in international OFSE markets and strong momentum in IET's natural gas, LNG, and new energy solutions segments. While North America OFSE activity is expected to stabilize, global geopolitical tensions add a layer of uncertainty. Baker Hughes reaffirmed its commitment to returning capital to shareholders, distributing $375 million through dividends and share repurchases in the quarter. The company's financial position remains solid with substantial liquidity and no borrowings under its credit facility, positioning it to navigate market dynamics and invest in future growth.

Baker Hughes Company (BKR) has filed an 8-K report on July 25, 2024, to announce its second-quarter financial results for the period ended June 30, 2024. The detailed results are provided in a news release (Exhibit 99.1) which is furnished with the filing. Investors should note that while this information is being shared, it is furnished and not deemed 'filed' under the Securities Exchange Act of 1934, meaning it doesn't automatically become part of the company's formal SEC filings unless specifically incorporated by reference. The company will be holding a conference call on July 26, 2024, to discuss these quarterly results. This call, previously announced, will be accessible via webcast on Baker Hughes' investor relations website. The report also reminds stakeholders that non-GAAP financial measures may be discussed, and that these should be considered alongside, but not as a substitute for, GAAP-based financial performance metrics.

Baker Hughes Company (BKR) has filed an 8-K report announcing a key change to its Board of Directors. Effective May 22, 2024, Shirley Edwards was elected to the Board, expanding its size from nine to ten members. Ms. Edwards brings extensive experience, notably a 20-year tenure at EY as a Global Client Service Partner, and currently serves on the boards of Solventum Corp. and Appian Corp. The Board has affirmed her independence and designated her as an audit committee financial expert, indicating her suitability for key committee roles. She will serve on the Audit and Human Capital and Compensation Committees. In addition to Ms. Edwards' appointment, the Board also elected Lorenzo Simonelli as Chairman of the Board and W. Geoffrey Beattie as Lead Director. These appointments, particularly the election of a new, independent director with financial expertise, suggest a focus on strengthening board oversight and governance. Investors should note that Ms. Edwards' compensation will align with that of other non-employee directors, and there are no disclosed related-party transactions. The addition of Ms. Edwards and the leadership changes are significant for governance-minded investors.

Baker Hughes Company (BKR) held its 2024 Annual Meeting of Stockholders on May 13, 2024, where key corporate governance and operational matters were put to a vote. The meeting confirmed the election of all nine nominated directors to the Board, indicating strong shareholder confidence in the current leadership. Additionally, the advisory vote on executive compensation received broad approval, suggesting alignment between management's pay practices and shareholder expectations. The company also successfully ratified KPMG LLP as its independent registered public accounting firm for the fiscal year 2024, a routine but important step for financial transparency and audit integrity. Furthermore, all three proposed amendments to the company's Certificate of Incorporation, aimed at limiting officer liability, establishing a federal forum selection provision, and modernizing the charter, were overwhelmingly approved by shareholders. These approvals reflect shareholder support for proposed governance enhancements and the company's strategic direction.

Baker Hughes Company reported a solid first quarter for 2024, with total revenue increasing by 12% year-over-year to $6.4 billion. This growth was primarily driven by higher volumes in the Industrial & Energy Technology (IET) segment, particularly in Gas Technology Equipment, and improved activity in the Oilfield Services & Equipment (OFSE) segment. Despite the revenue growth, income before taxes decreased by $119 million, largely due to a significant year-over-year drop in the gain from equity securities. The company also highlighted its commitment to returning capital to shareholders, increasing its quarterly dividend and returning a total of $368 million through dividends and share repurchases in the quarter. Baker Hughes remains optimistic about the energy markets, expecting continued upstream spending growth, especially in international and offshore areas, and a strong outlook for LNG projects, while also acknowledging geopolitical uncertainties.

Baker Hughes Company (BKR) filed an 8-K on April 23, 2024, to furnish a press release announcing its first-quarter 2024 financial results. The filing itself doesn't contain the specific financial figures but directs investors to the accompanying press release (Exhibit 99.1) and an upcoming conference call. This report serves as notification of the earnings release and the availability of detailed financial information and management commentary. Investors should focus on the furnished press release for the actual Q1 2024 financial performance, including revenue, profitability, and any segment-specific results. The press release will also detail any non-GAAP financial measures discussed, with reconciliations to GAAP provided. The company will further discuss these results during a conference call scheduled for April 24, 2024, offering an opportunity for deeper insights and potential Q&A.

Baker Hughes Co (BKR) has filed an 8-K report primarily detailing the upcoming departure of Director Nelda J. Connors from its Board of Directors. Ms. Connors, who has been a director since 2020 and serves on both the Governance & Corporate Responsibility Committee and the Human Capital & Compensation Committee, has decided not to stand for re-election at the Company’s 2024 Annual Meeting of Shareholders. Her departure is stated to be unrelated to any disagreements with the company. While this filing does not contain major financial updates or operational changes, it signifies a transition within the Board. Investors should note that Ms. Connors will continue her duties until the 2024 Annual Meeting. The Board has expressed gratitude for her contributions. The filing also includes standard exhibit information, specifically the Cover Page Interactive Data File in Inline XBRL format.

Baker Hughes Company reported a strong performance in 2023, driven by significant revenue growth and improved profitability. The company's revenue increased by 21% to $25.5 billion, primarily due to higher volumes in both the Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. This growth was supported by robust demand in LNG projects and increased activity in OFSE, reflecting favorable market conditions and successful execution of cost-out initiatives. The company's strategic focus on transforming its core business, investing for growth in high-potential markets, and positioning for new energy frontiers is showing positive results. Baker Hughes is emphasizing innovation, investing heavily in R&D, and expanding its portfolio in areas like new energy solutions, including hydrogen, geothermal, and CCUS. The company returned $1.3 billion to shareholders through dividends and share repurchases in 2023, demonstrating a commitment to shareholder value while continuing to invest in strategic acquisitions and operational improvements.

Baker Hughes Company (BKR) filed an 8-K on January 23, 2024, to furnish its fourth quarter and full-year 2023 financial results, as announced in a press release (Exhibit 99.1). While the specific financial figures are not detailed within the 8-K itself, this filing serves as the official notification to the market regarding the release of these results. Investors should note that the information furnished is not deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, nor incorporated by reference into future SEC filings unless specifically stated. The company also announced a conference call scheduled for January 24, 2024, to discuss these results. This call, previously announced in December, will provide a platform for management to elaborate on the financial performance and outlook. Investors should be aware that the discussion may include non-GAAP financial measures, and reconciliations to GAAP will be provided in the press release.

Baker Hughes Company (BKR) has filed an 8-K report detailing the execution of three supplemental indentures on December 31, 2023. These agreements involve Baker Hughes Company acting as a full and unconditional guarantor for debt securities issued by its indirect subsidiary, Baker Hughes Holdings LLC (BHH LLC), and other related entities under existing indentures dating back to 1991, 1994, and 2008. Crucially, this parent guarantee structure allows BHH LLC to be exempt from certain SEC filing requirements, including the annual Form 10-K, under Rule 12h-5 of the Exchange Act. This is a significant administrative update for investors, indicating a streamlined reporting process for the subsidiary going forward, provided it maintains eligibility for the exemption. The primary focus of this filing is the structural and guarantee aspects of BKR's debt rather than new debt issuance or financial performance.

Baker Hughes Company (BKR) has filed an 8-K report on December 19, 2023, to announce a significant realignment of its Industrial & Energy Technology (IET) segment, effective October 1, 2023. This restructuring reorganizes the IET segment into five distinct product lines: Gas Technology Equipment (now including Pumps), Gas Technology Services, Industrial Solutions (combining Condition Monitoring, PSI, and IET Digital), Industrial Products (combining Inspection, Valves, and Gears), and a new Climate Technology Solutions (CTS) product line. The CTS line is specifically designed to address the growing energy transition market by consolidating capabilities in CCUS, hydrogen, clean power, and emissions abatement. This product line realignment will be reflected in the company's financial disclosures starting in the fourth quarter of 2023. To provide investors with a clear understanding of historical performance under this new structure, Baker Hughes has also filed an unaudited historical consolidated financial supplement as Exhibit 99.1 to this 8-K. Investors are advised to review this supplement alongside the company's existing SEC filings, including its latest 10-K and 10-Q reports, to fully grasp the implications of this organizational change on future reporting and the company's strategic focus.

Baker Hughes Company (BKR) announced a significant change to its Board of Directors, effective January 1, 2024. The Board has elected Abdulaziz M. Al Gudaimi to join as a director, expanding the Board's size from nine to ten members. Mr. Al Gudaimi brings extensive experience from a 38-year career at Saudi Aramco, where he held senior leadership positions including Executive Vice President of Corporate Development and Executive Vice President Downstream. His background includes expertise in mergers and acquisitions, divestment strategy, and managing large-scale downstream operations, which could provide valuable insights to Baker Hughes. The Board has determined that Mr. Al Gudaimi meets all independence requirements, including those from Nasdaq and SEC regulations. He is set to serve on the Governance and Corporate Responsibility and Human Capital and Compensation Committees. His compensation will align with the company's standard director compensation practices. This appointment is expected to strengthen the Board's oversight and strategic guidance, particularly in areas related to global energy markets and corporate strategy.

Baker Hughes Company (BKR) announced the entry into a new $3.0 billion revolving credit facility on November 21, 2023. This New Credit Agreement, with a five-year term maturing in November 2028, replaces a previous credit agreement dated December 10, 2019. The facility is provided by JPMorgan Chase Bank, N.A. as the administrative agent and includes various lenders. This refinancing demonstrates proactive management of the company's liquidity and debt structure. The New Credit Agreement includes customary covenants and events of default. Importantly, the termination of the prior agreement occurred without any outstanding borrowings, suggesting a smooth transition and no immediate need for drawing on the old facility. Investors should view this as a positive step in ensuring financial flexibility.

Baker Hughes Company reported a strong third quarter of 2023, with total revenue increasing by 24% year-over-year to $6.64 billion. This growth was primarily driven by higher volumes in both the Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. Income before income taxes saw a significant improvement, rising to $759 million from $144 million in the prior year's quarter, benefiting from increased volumes, pricing, cost-out initiatives, and lower restructuring charges. For the first nine months of 2023, revenue grew 22% to $18.67 billion, with substantial contributions from both segments. Net income for the nine-month period was $1.52 billion, a marked turnaround from a net loss of $766 million in the same period of 2022. The company highlighted its optimism for the oil and gas outlook, particularly international and offshore markets, and the continued strength in LNG projects, while acknowledging ongoing economic uncertainties and geopolitical risks. Baker Hughes also continued its transformation journey, focusing on efficiency and organizational streamlining.

Baker Hughes Company (BKR) filed an 8-K on October 25, 2023, to announce its third-quarter financial results for the period ended September 30, 2023. The key takeaway for investors is the release of the company's quarterly earnings, which are detailed in an accompanying news release (Exhibit 99.1). This report also serves to notify stakeholders about a previously scheduled conference call to discuss these results, scheduled for October 26, 2023. Investors should note that while the report incorporates financial results, these are furnished and not deemed "filed" under SEC regulations, meaning they do not automatically become part of other SEC filings unless expressly stated. The company also highlighted that discussions may include non-GAAP financial measures, with reconciliations provided in the news release. This filing primarily serves as a notification of the earnings release and the associated investor call, directing attention to the detailed financial information within the furnished news release.

Baker Hughes Co. (BKR) announced an upcoming participation in the Barclays 2023 CEO Energy-Power Conference on September 6, 2023. The primary focus of the disclosure relates to a planned re-alignment of product lines within the Industrial & Energy Technology (IET) segment, effective October 1st. This strategic shift is detailed in an Investor Overview Presentation furnished as part of the 8-K filing. Investors should note that while the presentation may include non-GAAP financial measures, these should be considered alongside, and not as a replacement for, GAAP-based financial performance indicators. The re-alignment of the IET segment suggests a proactive approach by management to optimize operations and potentially enhance future performance in a dynamic energy landscape. The full details of the presentation, including any forward-looking statements or strategic implications, are crucial for understanding the company's future direction.

This 8-K/A filing from Baker Hughes Co. (BKR) primarily addresses the outcome of a proposal voted on during their Annual Meeting of Stockholders regarding the frequency of advisory votes on executive compensation. The Board of Directors has confirmed that, following the stockholder vote, the company will continue to hold an advisory "Say on Pay" vote every year. This means that shareholders will have an annual opportunity to express their advisory opinion on executive compensation practices. While this filing does not contain new financial statements or material operational updates, it provides important governance information. The reaffirmation of annual "Say on Pay" votes aligns with the expressed preference of the security holders and demonstrates a commitment to ongoing shareholder engagement on executive compensation matters. Investors should note that the primary purpose of this amendment is to clarify and confirm the company's policy following the annual meeting vote.

Baker Hughes Company reported strong revenue growth in the second quarter of 2023, reaching $6.3 billion, a significant increase from $5.0 billion in the prior year's quarter. This growth was driven by robust performance in both the Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The company also achieved a notable shift to profitability, with income before income taxes of $614 million, a substantial improvement from a loss of $655 million in the same period last year. This turnaround was attributed to increased activity across segments, reduced charges related to the cessation of Russian operations, and favorable fair value adjustments on equity investments. Looking ahead, Baker Hughes maintains a constructive outlook, anticipating continued strength in international and offshore oilfield activity to counterbalance softness in North America. The company sees the current spending cycle as more durable than in the past due to industry discipline. Furthermore, optimism remains for the LNG market, with expectations of a multi-decade growth opportunity as natural gas plays a crucial role in the energy transition. Strategic initiatives include ongoing investment in the Baker Hughes portfolio through targeted acquisitions, such as Altus Intervention, and continued focus on optimizing its corporate structure for improved margins and returns.

Baker Hughes Company (BKR) filed an 8-K on July 19, 2023, primarily to furnish its second-quarter 2023 earnings release. The release, dated July 19, 2023, announces the company's financial results for the quarter ended June 30, 2023. This filing also serves as notice for a previously announced conference call scheduled for July 19, 2023, to discuss these results, accessible via webcast on the company's investor relations website. Investors should note that while the news release contains both GAAP and non-GAAP financial measures, the non-GAAP information is presented for additional context and should be considered alongside GAAP measures. Reconciliations for non-GAAP figures to their closest GAAP equivalents are provided within the news release itself. The company emphasizes that these furnished materials are not officially 'filed' for Section 18 purposes unless expressly incorporated by reference into a future SEC filing.

Baker Hughes Company (BKR) held its 2023 Annual Meeting of Stockholders on May 16, 2023, where key governance and compensation matters were presented for a vote. The outcome of the meeting was largely favorable, with all nominated directors being elected to the Board of Directors for a one-year term. Furthermore, stockholders provided advisory approval for the company's executive compensation program and ratified KPMG LLP as the independent registered public accounting firm for fiscal year 2023. The results indicate strong support from shareholders on these critical governance issues. In addition to the election of directors and advisory votes, the meeting addressed the frequency of advisory votes on executive compensation, with the majority of votes cast in favor of holding such a vote annually. Following the meeting, the Board of Directors made significant leadership appointments: Lorenzo Simonelli was elected as Chairman of the Board, and W. Geoffrey Beattie was appointed as Lead Director. These decisions reflect the company's ongoing commitment to effective corporate governance.

Baker Hughes Co. (BKR) announced a significant leadership change in its finance department via an 8-K filing dated May 19, 2023. Rebecca Charlton has been appointed as the new Senior Vice President, Controller, and Chief Accounting Officer, effective June 1, 2023. This transition marks the departure of Kurt Camilleri from this role, although he will remain with the company to assist with the handover until his departure in the third quarter of 2023. The company has explicitly stated that Mr. Camilleri's exit is amicable and not related to any accounting disputes. Ms. Charlton brings a wealth of experience from the mining sector, having previously held senior finance positions at Newmont Corporation, CMOC International, and Anglo American, as well as starting her career in public accounting at PwC. Her compensation package includes a base salary of $400,000, a target annual bonus of 100% of salary, and eligibility for long-term incentives starting in 2024 with a target of $600,000. Additionally, she will receive a $1,000,000 restricted stock unit award vesting over three years and a $500,000 sign-on bonus with a clawback provision if she voluntarily resigns or is terminated for cause within 18 months.

Baker Hughes Company (BKR) filed an 8-K on May 5, 2023, to disclose details regarding the departure of Rod Christie, formerly EVP of Industrial & Energy Technology. Mr. Christie transitioned to an advisor role in January 2023 and officially departed the company on May 1, 2023. This filing outlines the terms of his separation agreement, providing clarity on the compensation and benefits he will receive. Investors should note that the severance package is consistent with the company's Executive Severance Program for an involuntary termination. Key components include a severance payment, a $15,000 payment for loss of benefits, a pro-rata bonus for 2023 performance, accelerated vesting of certain restricted and performance stock units granted in January 2022, and a standard relocation package. Mr. Christie has also reaffirmed his ongoing contractual obligations, such as non-disparagement, non-solicitation, cooperation, and confidentiality.

Baker Hughes Company reported a significant increase in revenue and net income for the first quarter of 2023 compared to the same period in 2022. Total revenue rose to $5.72 billion from $4.84 billion, driven by higher activity in both the Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. Net income attributable to Baker Hughes Company surged to $576 million ($0.57 per diluted share) from $72 million ($0.08 per diluted share). The company benefited from a substantial gain of $392 million from the change in fair value of certain equity investments, which significantly boosted other non-operating income. The OFSE segment showed strong growth, with revenue up 19% and operating income increasing considerably due to higher volume and pricing. The IET segment also saw revenue growth of 18%, though its operating income remained flat year-over-year due to inflationary pressures and higher R&D costs. The company maintained a strong balance sheet with $2.4 billion in cash and cash equivalents and an undrawn revolving credit facility, demonstrating solid liquidity.

Baker Hughes Company (BKR) filed an 8-K on April 19, 2023, to report its first-quarter 2023 financial results. The filing primarily serves to furnish the company's earnings release, which contains the detailed financial information and operational highlights for the quarter ended March 31, 2023. Investors should refer to the furnished Exhibit 99.1 for the specific financial figures, including GAAP and non-GAAP measures, and their reconciliations. While the 8-K itself does not contain the results, it signifies that Baker Hughes has officially communicated its Q1 2023 performance. The company also announced a conference call scheduled for April 19, 2023, to discuss these results, which is a standard forum for management to provide further context, address analyst questions, and offer forward-looking commentary. Investors seeking an in-depth understanding of BKR's performance and outlook should carefully review the earnings release and the replay of the conference call.

Baker Hughes Company reported a mixed operational performance in 2022, characterized by robust commercial activity and margin improvements in the Oilfield Services & Equipment (OFSE) segment, alongside record orders in Industrial & Energy Technology (IET), particularly in LNG and new energy solutions. However, the company faced operational challenges including cost inflation, supply chain delays, and the impact of suspending operations in Russia. Despite these headwinds, revenue increased to $21.2 billion, driven by higher OFSE volumes, though operating income saw a decrease due to higher restructuring and impairment charges. The company is actively executing a strategy focused on transforming its core business, investing for growth in high-potential segments like industrial power and chemicals, and positioning for new energy frontiers such as hydrogen and carbon capture. Strategic acquisitions and investments were made to bolster its technology portfolio and expand into new energy areas. Looking ahead, Baker Hughes anticipates continued growth in the energy sector, driven by global underinvestment, geopolitical factors, and the ongoing energy transition, positioning the company to benefit from a multi-year upturn in global activity.

Baker Hughes Company (BKR) has filed a Current Report on Form 8-K to disclose significant updates regarding its Board of Directors and corporate governance. The primary event is the appointment of Dr. Mohsen M. Sohi as a new independent director to the Board, effective January 25, 2023. Dr. Sohi brings extensive executive leadership experience, currently serving as CEO of Freudenberg SE and holding directorial roles, including Chairman of STERIS plc. His appointment is intended to enhance the Board's expertise. Additionally, the company has updated its corporate bylaws, adopting the Fifth Amended and Restated Bylaws. These changes are primarily to align with updates in Delaware General Corporate Law and to implement new SEC regulations, specifically Rule 14a-19, which governs proxy access and related disclosures for shareholder proposals. These amendments aim to streamline governance processes and ensure compliance with evolving regulatory requirements.

Baker Hughes Company (BKR) filed an 8-K on January 23, 2023, primarily to furnish a press release announcing its fourth quarter and full-year 2022 financial results. The release, along with a financial supplement reflecting a new segment reporting structure, is incorporated by reference. While this filing does not contain new audited financial statements, it provides investors with the company's most recent performance metrics and an outlook for future discussions during their scheduled earnings conference call. Investors should refer to the furnished press release (Exhibit 99.1) for detailed financial outcomes and the financial supplement (Exhibit 99.2) for updated segment reporting information. The company also announced that it will hold its previously scheduled conference call on January 23, 2023, to discuss these results. The filing emphasizes that while non-GAAP measures may be discussed, reconciliations to GAAP will be provided. Investors are encouraged to consult the full press release and upcoming SEC filings for a comprehensive understanding of Baker Hughes' financial condition and operational performance.

Baker Hughes Company (BKR) has filed an 8-K report on January 9, 2023, announcing a key executive change. Effective January 16, 2023, Ganesh Ramaswamy will join the company as Executive Vice President (EVP) of Industrial & Energy Technology. This appointment comes as Rod Christie transitions out of his role as EVP, Industrial & Energy Technology. Mr. Christie will move into an advisor role until his departure from the company in the second quarter of 2023. The company expressed gratitude for Mr. Christie's contributions.

Baker Hughes Company (BKR) announced a significant development on December 29, 2022, through a binding term sheet executed with General Electric (GE) and related entities. This agreement outlines the terms for GE to divest its ownership in Baker Hughes' operating subsidiary, Baker Hughes Holdings LLC (BHH LLC), through an exchange of units. The term sheet also addresses the settlement of certain disputes and the termination of the existing Tax Matters Agreement (TMA) between the parties. Key to investors, this move signifies a complete separation from GE and aims to resolve outstanding issues, including a $21 million non-refundable payment made by Baker Hughes to GE as part of the settlement. The parties are working towards finalizing definitive agreements by February 15, 2023. This event is crucial for Baker Hughes as it potentially streamlines its corporate structure and eliminates ongoing entanglements with its former parent.

Baker Hughes Company (BKR) has filed an 8-K report detailing the departure of Neil Saunders, Executive Vice President – Oilfield Equipment. This filing formalizes the terms of Mr. Saunders' separation, which was previously disclosed as part of a broader organizational restructuring. He will remain with the company in a transition assistance role until January 31, 2023, receiving his current salary, benefits, and incentive opportunities. Following his departure, Mr. Saunders will receive a severance package consistent with the Company's Executive Severance Program, including three months of contractual notice pay and other benefits. Notably, his outstanding equity awards will be treated according to existing incentive plans, and specific unvested restricted stock units granted in January 2022 will vest. This agreement also includes Mr. Saunders affirming his ongoing obligations to the Company regarding cooperation, assistance, and confidentiality.