Baker Hughes said revenue for Q2 2025 was $6,910 million, down 3% year-over-year, adjusted EBITDA was $1,212 million, up 7%, and net income attributable to the company was $701 million.

1. 01

   Baker Hughes said revenue for Q2 2025 was $6,910 million, down 3% year-over-year, adjusted EBITDA was $1,212 million, up 7%, and net income attributable to the company was $701 million.

2. 02

   The company disclosed that IET orders in Q2 were $3,530 million, IET RPO was $31.3 billion, and OFSE revenue was $3,617 million, down 10% year-over-year.

3. 03

   Baker Hughes said it agreed in Q2 to contribute the SPC product line to a joint venture with a subsidiary of Cactus, Inc. in exchange for approximately $345 million, to sell the PSI product line to Crane Company for approximately $1.15 billion, and to acquire Continental Disc Corporation for approximately $540 million.

4. 04

   The company said cash flows from operating activities in Q2 were $510 million, free cash flow was $239 million, and returns to shareholders were $423 million, including $196 million of share repurchases.

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.

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

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