In Q4 2025, Baker Hughes maintained flat revenue year-over-year at $7.39 billion, delivered $876 million in net income, and generated a record $1.34 billion in free cash flow. Strong performance in Industrial & Energy Technology offset ongoing softness in Oilfield Services.

Baker Hughes delivered solid third-quarter 2025 results with revenue of $7.0 billion and adjusted EPS of $0.68. Orders rose 23% year-over-year to $8.2 billion, driven by record Industrial & Energy Technology demand. Despite a 20% decline in net income due to acquisition costs and margin pressure in oilfield services, adjusted EBITDA increased 2% year-over-year to $1.24 billion. Cash flow from operations and free cash flow remained strong at $929 million and $699 million, respectively.

Baker Hughes delivered strong Q2 2025 performance, driven by record IET backlog and portfolio optimization efforts. Net income rose to $701M, while adjusted EBITDA improved, despite softer OFSE revenue.

Baker Hughes delivered steady performance in Q1 2025, maintaining flat revenue year-over-year at $6.4B, while adjusted EPS grew to $0.51. Net income came in at $402M, driven by IET segment strength and margin improvement despite lower volumes in both major segments.

Baker Hughes announced exceptional fourth-quarter results, with revenue of $7.4 billion, up 8% year-over-year, and adjusted EBITDA of $1.31 billion, up 20% year-over-year. GAAP diluted EPS was $1.18, and adjusted diluted EPS was $0.70. The company's performance was driven by strong LNG orders and gas infrastructure awards within the IET segment, along with progress on margin improvement initiatives.

Baker Hughes reported a strong third quarter in 2024, achieving record EBITDA and improved margins. The company saw a 4% increase in revenue year-over-year, driven by IET. Attributable net income was $766 million, and adjusted diluted EPS was $0.67. The company remains confident in achieving its full-year EBITDA guidance midpoint.

Baker Hughes reported strong second-quarter results with revenue of $7.1 billion, up 13% year-over-year, and net income of $579 million. The company raised its full-year guidance and saw significant order momentum, particularly in IET with a record $3.5 billion in orders.

Baker Hughes reported a positive start to 2024, achieving solid first-quarter results that align with their full-year guidance. The company saw a 12% year-over-year increase in revenue, driven by higher volume in both IET and OFSE. Adjusted EPS grew by 50% year-over-year, and free cash flow exceeded $500 million. The company also increased its quarterly dividend by one penny to 21 cents, representing an 11% increase year-over-year.

Baker Hughes reported a strong fourth quarter and full-year 2023, driven by operational improvements and cost-out initiatives. Adjusted EBITDA came in above the midpoint of guidance, and IET orders remained strong. The company continues to execute its plan to drive margins higher and transform into a leaner, more efficient energy technology company.

Baker Hughes announced positive third-quarter results, marked by a 40% increase in orders year-over-year, a 24% increase in revenue, and a significant rise in net income. The company saw strong performance in both Industrial & Energy Technology (IET) and Oilfield Services & Equipment (OFSE), driven by key contracts and overall market improvements.

Baker Hughes reported strong second-quarter results with a 25% increase in revenue year-over-year, driven by higher volume in both Industrial & Energy Technology (IET) and Oilfield Services & Equipment (OFSE) segments. The company maintained strong order momentum in IET and OFSE, particularly within Subsea & Surface Pressure Systems (SSPS), and generated $623 million in free cash flow.

Baker Hughes reported strong first quarter 2023 results, with orders up 12% year-over-year and revenue up 18% year-over-year. The company's performance was driven by strong order momentum in IET and SSPS and solid operating results in both business segments.

Baker Hughes announced strong results for the fourth quarter of 2022, with record orders of $8.0 billion, a revenue of $5.9 billion, and GAAP operating income of $663 million. The company saw continued margin improvement in Oilfield Services & Equipment (OFSE) and a strong level of orders for Industrial & Energy Technology (IET).

Baker Hughes reported a mixed Q3 2022, demonstrating strong performance in Oilfield Services (OFS) and order growth, but also facing challenges in Turbomachinery & Process Solutions (TPS). The company is restructuring into two segments, OFSE and IET, to improve focus and execution. They remain positive on the outlook for oil and gas, and anticipate growth in clean energy development due to recent policy changes.

Baker Hughes reported mixed results for Q2 2022. Revenue reached $5.0 billion, up 4% sequentially but down 2% year-over-year. The company experienced a GAAP operating loss of $25 million, while adjusted operating income was $376 million. Adjusted EPS was $0.11. Cash flow from operating activities was $321 million, and free cash flow was $147 million.

Baker Hughes announced first quarter 2022 results, with orders up 51% year-over-year and revenue up 1%. The company reported GAAP earnings per share of $0.08 and adjusted earnings per share of $0.15. Despite a favorable oil and gas price backdrop, the company faces a dynamic operating environment with inflation and supply pressures.

Baker Hughes announced Q4 2021 results, with revenue of $5.5 billion, flat year-over-year and up 8% sequentially. GAAP diluted earnings per share were $0.32, and adjusted diluted earnings per share were $0.25. The company generated $773 million in cash flow from operating activities and $645 million in free cash flow.

Baker Hughes announced mixed results for Q3 2021. The company reported revenue of $5.1 billion, up 1% year-over-year, and GAAP operating income of $378 million, up 95% sequentially. Adjusted EPS was $0.16. The company generated $416 million in cash flow from operating activities and $305 million in free cash flow.

Baker Hughes reported a strong second quarter of 2021, with orders reaching $5.1 billion, up 12% sequentially and 4% year-over-year, and revenue of $5.1 billion, up 8% sequentially and 9% year-over-year. The company generated significant free cash flow and continued to execute its strategy, investing in new energy frontiers and advancing partnerships in hydrogen, carbon capture, utilization and storage, and clean integrated power.

Baker Hughes reported first quarter 2021 revenue of $4.8 billion, a GAAP loss per share of $(0.61), and adjusted earnings per share of $0.12. The company generated $498 million in free cash flow and saw a decrease in orders and revenue compared to the previous quarter and year-over-year.

Baker Hughes announced Q4 2020 results with revenue of $5.5 billion, down 13% year-over-year. GAAP diluted earnings per share was $0.91, while adjusted diluted loss per share was $(0.07). The company generated $378 million in cash flow from operating activities and $250 million in free cash flow.

Baker Hughes announced Q3 2020 results with revenue of $5.0 billion, up 7% sequentially and down 14% year-over-year. The company reported a GAAP operating loss of $49 million and adjusted earnings per share of $0.04. They generated $219 million in cash flow from operating activities and $52 million in free cash flow.

Baker Hughes reported a challenging second quarter of 2020, with a decline in orders and revenue compared to the previous quarter and the same quarter last year. The company navigated through the ongoing impacts of the COVID-19 pandemic and the sharp decline in activity levels due to lower oil and gas prices.

Baker Hughes reported a revenue of $5.4 billion for the quarter, a decrease of 3% year-over-year. The GAAP operating loss was $16,059 million, while the adjusted operating income was $240 million. The company generated $152 million in free cash flow. The GAAP diluted loss per share was $(15.64), and the adjusted diluted earnings per share were $0.11.

Baker Hughes reported a slight increase in revenue and operating income for Q4 2019. Revenue increased by 1% year-over-year, while operating income decreased by 13%. The company highlighted strong cash flow and orders in specific segments, as well as progress in its separation from GE.