AI English summary of an SEC filing — figures as filed

Baker Hughes said revenue for Q3 2024 was $6,908 million, up 4% from a year earlier. It said net income attributable to Baker Hughes was $766 million and GAAP diluted earnings per share was $0.77.

8-KResults of Operations and Financial ConditionFiled Oct 22, 2024Period of report Oct 22, 2024Summary published (UTC) Oct 20, 2026

Key points

AI summary

Baker Hughes said revenue for Q3 2024 was $6,908 million, up 4% from a year earlier. It said net income attributable to Baker Hughes was $766 million and GAAP diluted earnings per share was $0.77.
The company said adjusted EBITDA for Q3 was $1,208 million, up 23% from a year earlier. It cited higher pricing in both segments, higher volume in IET and structural cost-out initiatives as drivers of the year-over-year increase.
Baker Hughes said orders for Q3 were $6,676 million, down 22% from a year earlier. It said remaining performance obligations (RPO) at the end of Q3 were $33.4 billion, of which IET RPO was $30.2 billion.
Baker Hughes said cash flow from operating activities for Q3 was $1,010 million and free cash flow was $754 million. In the same quarter, it paid $209 million in dividends and repurchased $152 million of Class A common stock.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Baker Hughes Q3 Revenue $6,908 million, Net Income $766 million

Baker Hughes said revenue for Q3 2024 was $6,908 million, up 4% from a year earlier. It said net income attributable to Baker Hughes was $766 million and GAAP diluted earnings per share was $0.77.

Source · Based on the filing body and exhibits

Baker Hughes Q3 Adjusted EBITDA $1,208 million and Company Explanation

The company said adjusted EBITDA for Q3 was $1,208 million, up 23% from a year earlier. It cited higher pricing in both segments, higher volume in IET and structural cost-out initiatives as drivers of the year-over-year increase.

Source · Based on the filing body and exhibits

Baker Hughes Q3 Orders $6,676 million, RPO $33.4 billion

Baker Hughes said orders for Q3 were $6,676 million, down 22% from a year earlier. It said remaining performance obligations (RPO) at the end of Q3 were $33.4 billion, of which IET RPO was $30.2 billion.

Source · Based on the filing body and exhibits

Baker Hughes Q3 Operating Cash Flow and Shareholder Returns

Baker Hughes said cash flow from operating activities for Q3 was $1,010 million and free cash flow was $754 million. In the same quarter, it paid $209 million in dividends and repurchased $152 million of Class A common stock.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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