The Investor
23 Oct 2025, 21:28
Baker Hughes (NASDAQ: BKR) reported third-quarter 2025 results showing solid operational execution and record backlog growth.
Financial highlights:
• Orders: $8.2 billion, including $4.1 billion from the Industrial & Energy Technology (IET) segment.
• Revenue: $7.0 billion, up 1% year-over-year.
• Net income: $609 million.
• GAAP EPS: $0.61; adjusted EPS: $0.68.
• Adjusted EBITDA: $1.24 billion, up 2% year-over-year.
• Operating cash flow: $929 million; free cash flow: $699 million.
• Backlog (RPO): $35.3 billion, with a record $32.1 billion from IET.
CEO Lorenzo Simonelli said the quarter’s performance reflected strong discipline, growth in gas and LNG markets, and record IET demand. He added that Baker Hughes is entering “the strongest position since the merger nearly a decade ago,” as it transitions into its next growth phase with durable order visibility and expanding profitability.
Financial highlights:
• Orders: $8.2 billion, including $4.1 billion from the Industrial & Energy Technology (IET) segment.
• Revenue: $7.0 billion, up 1% year-over-year.
• Net income: $609 million.
• GAAP EPS: $0.61; adjusted EPS: $0.68.
• Adjusted EBITDA: $1.24 billion, up 2% year-over-year.
• Operating cash flow: $929 million; free cash flow: $699 million.
• Backlog (RPO): $35.3 billion, with a record $32.1 billion from IET.
CEO Lorenzo Simonelli said the quarter’s performance reflected strong discipline, growth in gas and LNG markets, and record IET demand. He added that Baker Hughes is entering “the strongest position since the merger nearly a decade ago,” as it transitions into its next growth phase with durable order visibility and expanding profitability.
