Baker Hughes Co. has recently released its 10-Q report, providing a detailed insight into the company's performance. Baker Hughes Company operates through two business segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). The OFSE segment offers products and services for onshore and offshore oilfield operations, while the IET segment provides gas technology equipment and services for various energy sectors, including oil and gas, LNG operations, petrochemical, and carbon solutions.
In the third quarter of 2025, Baker Hughes reported revenues of $7.0 billion, a 1% increase compared to the third quarter of 2024. The IET segment's revenue saw significant growth, increasing by 15%, driven by strong performance in Gas Technology Equipment and Gas Technology Services. However, the OFSE segment experienced an 8% decrease in revenue, primarily due to a decline in international revenue.
The company's net income was $0.6 billion in the third quarter of 2025, marking a 20% decrease from the same period in 2024. This decline was attributed to factors such as a decrease in the market-to-market adjustment of certain equity securities, lower cost productivity, and transaction costs, partially offset by structural cost out initiatives and favorable FX.
Baker Hughes is actively pursuing initiatives to improve efficiencies and modernize its operations, resulting in improved profitability. The company returned $227 million to shareholders through dividends in the third quarter of 2025.
Looking ahead, Baker Hughes expects continued soft operator activity in the OFSE segment, while it anticipates continued strength in LNG and gas infrastructure in the IET segment. The company also foresees growth in new energy solutions focused on reducing carbon emissions for the energy and broader industrial sectors.
Baker Hughes is committed to sustainability and has set ambitious targets to reduce carbon dioxide equivalent emissions from its operations. The company aims to achieve a 50% reduction in emissions by 2030 and net-zero emissions by 2050.
In terms of orders, Baker Hughes received a total of $8.2 billion in new orders in the third quarter of 2025, reflecting a significant increase compared to the same period in 2024. The company's Remaining Performance Obligations (RPO) as of September 30, 2025, totaled $35.3 billion, with the IET segment accounting for the majority of the RPO at $32.1 billion.
Following these announcements, the company's shares moved 3.36%, and are now trading at a price of $48.89. For the full picture, make sure to review Baker Hughes Co's 10-Q report.
