Baker Hughes Company reported a total revenue of $27.7 billion for the fiscal year ending December 31, 2025, reflecting a slight decrease of $0.1 billion compared to the previous year. The company's net income was $2.6 billion, down 13% from $3.0 billion in 2024, primarily due to a decline in the mark-to-market adjustment for certain equity securities and transaction-related costs. The Oilfield Services & Equipment (OFSE) segment experienced an 8% revenue decline to $14.3 billion, while the Industrial & Energy Technology (IET) segment saw a 10% increase in revenue to $13.4 billion, driven by strong performance in Gas Technology Equipment and Services.
In terms of strategic developments, Baker Hughes announced the acquisition of Chart Industries, with shareholders approving the deal on October 6, 2025. The acquisition, valued at approximately $13.6 billion, is expected to close in the second quarter of 2026, pending regulatory approvals. Additionally, the company completed the acquisition of Continental Disc Corporation for $554 million in August 2025 and formed a joint venture with Cactus, Inc. to enhance its surface pressure control business.
Operationally, Baker Hughes reported a total of $29.6 billion in orders for 2025, with remaining performance obligations totaling $35.9 billion as of December 31, 2025. The company’s workforce comprised approximately 56,000 employees, with a significant presence outside the U.S. The company also emphasized its commitment to sustainability, with ongoing investments in lower-carbon technologies, including hydrogen and carbon capture solutions.
Looking ahead, Baker Hughes anticipates continued challenges in the oil and gas sector due to geopolitical tensions and fluctuating oil prices, which may lead to cautious spending from customers. However, the company remains optimistic about growth in the LNG and gas infrastructure markets, as well as opportunities in new energy solutions aimed at reducing carbon emissions. The company plans to leverage its diversified portfolio to adapt to evolving market conditions and drive future growth.
About Baker Hughes Co
Baker Hughes Company is a global energy technology firm providing products, services, and integrated solutions across the oil and gas value chain and broader industrial markets. Its two main segments—Oilfield Services & Equipment and Industrial & Energy Technology—offer drilling, production, subsea, gas compression, and emissions-reduction technologies. Serving major energy and industrial customers worldwide, Baker Hughes leverages innovation, digital capabilities, and sustainability-focused solutions to enhance operational efficiency and support the energy transition.
About 10-K Filings
A 10-K form is a comprehensive annual report that public companies in the United States must file with the SEC, providing a detailed overview of the company's financial condition, performance, and business strategies.
Key points about the 10-K:
- Frequency: Filed annually, typically within 60 to 90 days after the end of the company's fiscal year.
-
Content: It includes:
- Detailed financial statements audited by an independent accounting firm
- Management's Discussion and Analysis (MD&A) of financial condition and results
- Description of the company's business, properties, and legal proceedings
- Risk factors and market risks
- Executive compensation and corporate governance information
- Importance: Considered the most comprehensive and important document a public company files with the SEC.
- Length: Often exceeds 100 pages due to its extensive and detailed nature.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.