Baker Hughes said Q3 2025 revenue was $7.0 billion, an increase of $0.1 billion, or 1%, compared to Q3 2024. IET revenue increased $0.4 billion, or 15%, and OFSE revenue decreased $0.3 billion, or 8%.

10-QQuarterly reportFiled Oct 24, 2025Period of report Sep 30, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Baker Hughes said Q3 2025 revenue was $7.0 billion, an increase of $0.1 billion, or 1%, compared to Q3 2024. IET revenue increased $0.4 billion, or 15%, and OFSE revenue decreased $0.3 billion, or 8%.
The company said net income for Q3 2025 was $0.6 billion, a decrease of $0.2 billion, or 20%, compared to Q3 2024. It cited a decline in the market-to-market adjustment of certain equity securities, decreased volume, lower cost productivity, and transaction costs as factors.
Baker Hughes said on July 28, 2025 it entered into a definitive agreement to acquire all outstanding shares of Chart's common stock for $210 per share in cash, equivalent to a total enterprise value of $13.6 billion. The company cited cash flows from operating activities, expected asset sales proceeds, and new debt financing as sources of funds, and said it entered into a 364-day bridge facility and a delayed-draw term loan facility.
For the 9 months ended September 30, 2025, the company recorded cash flows provided by operating activities of $2,148 million, cash used in investing activities of $1,651 million, and cash used in financing activities of $1,224 million. During the same period, it paid dividends of $683 million to Class A shareholders and repurchased and canceled 9.8 million shares of Class A common stock for $384 million.

Key figures

Quarter ended September 30, 2025

Revenue: $7.0B
Net income: $609M

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.

Q3 2025 Revenue $7.0 billion, Mixed Segment Trends

Baker Hughes said Q3 2025 revenue was $7.0 billion, an increase of $0.1 billion, or 1%, compared to Q3 2024. IET revenue increased $0.4 billion, or 15%, and OFSE revenue decreased $0.3 billion, or 8%.

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

Q3 Net Income $0.6 billion, Down 20%

The company said net income for Q3 2025 was $0.6 billion, a decrease of $0.2 billion, or 20%, compared to Q3 2024. It cited a decline in the market-to-market adjustment of certain equity securities, decreased volume, lower cost productivity, and transaction costs as factors.

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

Chart Acquisition Agreement and Financing Structure

Baker Hughes said on July 28, 2025 it entered into a definitive agreement to acquire all outstanding shares of Chart's common stock for $210 per share in cash, equivalent to a total enterprise value of $13.6 billion. The company cited cash flows from operating activities, expected asset sales proceeds, and new debt financing as sources of funds, and said it entered into a 364-day bridge facility and a delayed-draw term loan facility.

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

2025 Nine-Month Cumulative Cash Flows and Shareholder Returns

For the 9 months ended September 30, 2025, the company recorded cash flows provided by operating activities of $2,148 million, cash used in investing activities of $1,651 million, and cash used in financing activities of $1,224 million. During the same period, it paid dividends of $683 million to Class A shareholders and repurchased and canceled 9.8 million shares of Class A common stock for $384 million.

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

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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