Baker Hughes Announces Full-Year 2025 Results

26 Jan Baker Hughes Announces Full-Year 2025 Results

(Oilandgaspress) -] Baker Hughes Company announced results today for the fourth-quarter and full-year 2025.

Full-year highlights

Orders of $29.6 billion, including record $14.9 billion of IET orders.
Revenue of $27.7 billion, flat year-over-year.
Attributable net income of $2,588 million.
GAAP diluted EPS of $2.60 and adjusted diluted EPS* of $2.60.
Adjusted EBITDA* of $4,825 million, up 5% year-over-year.
Cash flows from operating activities of $3,810 million and free cash flow* of $2,732 million.

Fourth-quarter highlights

• Orders of $7.9 billion, including $4.0 billion of IET orders.
• Record RPO of $35.9 billion, including record IET RPO of $32.4 billion.
• Revenue of $7.4 billion, flat year-over-year.
• Attributable net income of $876 million.
• GAAP diluted EPS of $0.88 and adjusted diluted EPS* of $0.78.
• Adjusted EBITDA* of $1,337 million, up 2% year-over-year.
• Cash flows from operating activities of $1,662 million and free cash flow* of $1,341 million.

“Baker Hughes delivered exceptional performance in 2025. We continued to execute at a high level, delivering another quarter of strong results contributing to a record full‑year Adjusted EBITDA. This achievement demonstrates sustained momentum from our Business System, active portfolio management, and positive performance in IET, which more than offset continued macro‑driven softness in OFSE, where margins remained resilient through disciplined cost actions,” said Lorenzo Simonelli
, Baker Hughes Chairman  and Chief Executive Officer.

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