Baker Hughes said Q2 2025 revenue was $6.9 billion, a decrease of $0.2 billion compared to Q2 2024, and net income was $0.7 billion, an increase of $0.1 billion. According to the company, IET revenue increased $0.2 billion and OFSE revenue decreased $0.4 billion.

10-QQuarterly reportFiled Jul 23, 2025Period of report Jun 30, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Baker Hughes said Q2 2025 revenue was $6.9 billion, a decrease of $0.2 billion compared to Q2 2024, and net income was $0.7 billion, an increase of $0.1 billion. According to the company, IET revenue increased $0.2 billion and OFSE revenue decreased $0.4 billion.
Baker Hughes said that in Q2 OFSE segment EBITDA was $677 million compared with $716 million in the prior-year quarter, and IET segment EBITDA was $585 million compared with $497 million in the prior-year quarter. The company cited lower overall volume, changes in business mix, and inflation as factors in the OFSE decrease, and price, foreign exchange, and productivity as factors in the IET increase.
Baker Hughes said cash provided by operating activities for the 6 months ended June 30, 2025 was $1,219 million, cash used in investing activities was $596 million, and cash used in financing activities was $945 million. As of June 30, 2025, cash and cash equivalents were $3.1 billion.
The company said it returned a total of $423 million to shareholders through dividends and share repurchases in Q2 2025, paid dividends of $456 million during the 6 months, and repurchased and canceled 9.8 million shares of Class A common stock for $384 million. There were no borrowings under the $3.0 billion credit facility.

Key figures

Quarter ended June 30, 2025

Revenue: $6.9B
Net income: $701M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q2 2025 Revenue, Net Income and Segment Revenue Changes

Baker Hughes said Q2 2025 revenue was $6.9 billion, a decrease of $0.2 billion compared to Q2 2024, and net income was $0.7 billion, an increase of $0.1 billion. According to the company, IET revenue increased $0.2 billion and OFSE revenue decreased $0.4 billion.

Source · Based on the MD&A text of the filing

OFSE and IET Q2 Segment EBITDA

Baker Hughes said that in Q2 OFSE segment EBITDA was $677 million compared with $716 million in the prior-year quarter, and IET segment EBITDA was $585 million compared with $497 million in the prior-year quarter. The company cited lower overall volume, changes in business mix, and inflation as factors in the OFSE decrease, and price, foreign exchange, and productivity as factors in the IET increase.

Source · Based on the MD&A text of the filing

2025 First-Half Operating, Investing and Financing Cash Flows

Baker Hughes said cash provided by operating activities for the 6 months ended June 30, 2025 was $1,219 million, cash used in investing activities was $596 million, and cash used in financing activities was $945 million. As of June 30, 2025, cash and cash equivalents were $3.1 billion.

Source · Based on the MD&A text of the filing

Shareholder Returns and $3.0 billion Credit Facility

The company said it returned a total of $423 million to shareholders through dividends and share repurchases in Q2 2025, paid dividends of $456 million during the 6 months, and repurchased and canceled 9.8 million shares of Class A common stock for $384 million. There were no borrowings under the $3.0 billion credit facility.

Source · Based on the MD&A text of the filing

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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