Baker Hughes Company's Stock Analysis

Baker Hughes Announces €3 Billion and $6.5 Billion Debt Offerings

Baker Hughes Company has successfully priced a total of €3 billion and $6.5 billion in senior unsecured notes through its subsidiaries, Baker Hughes Holdings LLC and Baker Hughes Holdings Co-Obligor, Inc. The offerings consist of multiple tranches, with the notes being fully guaranteed by Baker Hughes. The proceeds from these offerings are intended to partially fund the cash consideration for the company's proposed acquisition of Chart Industries, Inc., as well as to cover related transaction fees and expenses.

The notes are subject to a special mandatory redemption if the acquisition of Chart Industries is not completed. The offerings are expected to close on March 11, 2026, pending customary closing conditions. Goldman Sachs and Morgan Stanley are among the key underwriters managing the offerings, which are registered under an effective shelf registration statement with the SEC. Investors are advised to review the prospectus and related documents for complete information regarding the offerings.

Mar 11, 2026 17:13:04

Baker Hughes to Acquire Chart Industries in Planned Merger

Baker Hughes Company has entered into a merger agreement to acquire Chart Industries, Inc. through its wholly owned subsidiary, Tango Merger Sub, Inc. The merger, which was unanimously approved by Chart's board of directors, will result in Chart becoming an indirect wholly owned subsidiary of Baker Hughes. Under the terms of the agreement, each share of Chart's common stock will be converted into the right to receive $210.00 in cash at the effective time of the merger, subject to certain conditions.

The merger is contingent upon several conditions including the approval by Chart's stockholders and the receipt of necessary regulatory approvals. Additionally, the merger agreement includes typical representations and warranties from both parties, as well as customary covenants. Chart's management has also committed to conduct its business in the ordinary course until the merger is completed. The merger is expected to close by July 28, 2026, unless extended under certain circumstances.

Mar 02, 2026 16:15:32

Baker Hughes Reports Fourth-Quarter and Full-Year 2025 Financial Results

Baker Hughes Company announced its financial results for the fourth quarter and full year of 2025, highlighting fourth-quarter orders of $7.9 billion, with $4.0 billion attributed to Industrial & Energy Technology (IET). The company recorded revenue of $7.4 billion, flat year-over-year, and an attributable net income of $876 million, resulting in a GAAP diluted EPS of $0.88. For the full year, Baker Hughes reported total orders of $29.6 billion and revenue of $27.7 billion. The company achieved a record annual free cash flow of $2.7 billion, supported by working capital efficiency and customer down payments.

In the fourth quarter, Baker Hughes' IET segment saw significant growth, with revenue increasing 9% year-over-year to $3.8 billion. The overall book-to-bill ratio for the quarter was 1.1, indicating strong demand for the company’s services. The Oilfield Services & Equipment (OFSE) segment experienced a decrease in orders and revenue compared to the previous year, reflecting ongoing market challenges. The company’s Remaining Performance Obligations (RPO) reached $35.9 billion, showcasing a solid backlog of future work.

Jan 26, 2026 06:09:09

Baker Hughes to Acquire Chart Industries in Planned Merger

Baker Hughes Company has entered into a Merger Agreement to acquire Chart Industries, Inc., with the merger expected to close in mid-2026. The transaction is conditioned on the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, which expired on November 6, 2025, and requires customary regulatory approvals.

The merger will result in Chart becoming an indirect wholly owned subsidiary of Baker Hughes. Investors should note that the completion of the merger is subject to various conditions, including regulatory approvals and the ability to finance the transaction. Additionally, potential risks include integration challenges, competition, and general economic conditions that may impact the anticipated outcomes of the merger.

Nov 07, 2025 06:02:12

Baker Hughes Reports Third-Quarter 2025 Financial Results

Baker Hughes Company announced its financial results for the third quarter of 2025, reporting revenue of $7.0 billion, which represents a 1% increase year-over-year. The company achieved orders amounting to $8.2 billion, with a record remaining performance obligation (RPO) of $35.3 billion, including a notable $32.1 billion in Industrial & Energy Technology (IET) RPO. Attributable net income was $609 million, with GAAP diluted earnings per share at $0.61 and adjusted diluted earnings per share at $0.68. Cash flows from operating activities totaled $929 million, and free cash flow was reported at $699 million for the quarter.

In addition to financial results, Baker Hughes announced its intent to acquire Chart Industries for approximately $13.6 billion, aiming to enhance its portfolio in high-growth markets. The company also secured significant contracts in various sectors, including LNG and offshore projects, which are expected to support its growth strategy. The Oilfield Services & Equipment (OFSE) segment saw an increase in orders of 16% sequentially, while the IET segment reported a 44% year-over-year increase in orders, driven by strong demand in Gas Technology Equipment and Climate Technology Solutions.

Oct 23, 2025 17:25:57

Baker Hughes Announces Leadership Change in Energy Technology Division

Ganesh Ramaswamy has resigned as Executive Vice President of Industrial & Energy Technology at Baker Hughes Company to pursue another opportunity, effective October 7, 2025. The company expressed gratitude for his contributions and wishes him well in his future endeavors.

Maria Claudia Borras will take on the role of Executive Vice President, Industrial & Energy Technology on an interim basis starting October 24, 2025. She will also continue her responsibilities as Chief Growth and Experience Officer. Borras brings over 30 years of experience at Baker Hughes and has held several leadership positions within the company, including her recent role as Executive Vice President of Oilfield Services & Equipment.

Oct 14, 2025 08:30:39

Baker Hughes Secures $2.6 Billion Loan for Acquisition

Baker Hughes Company has entered into a term loan credit agreement with aggregate lending commitments of $2.6 billion to finance its acquisition of Chart Industries, Inc. The loan is structured as a senior, unsecured delayed draw term loan facility, with Baker Hughes Holdings LLC as the borrower and Baker Hughes Company as the parent guarantor. The funds will be used for the acquisition and related expenses, contingent upon certain conditions being met, including the successful completion of the acquisition.

The term loan will bear interest based on Adjusted Term SOFR or the Alternate Base Rate, with margins determined by the company's credit ratings. The loan commitments will terminate under specific circumstances, including the closing of the acquisition or if the merger agreement is terminated. The borrowings are set to mature two years from the funding date, and the agreement includes various covenants and default provisions that could lead to acceleration of amounts due if certain conditions are met.

Aug 18, 2025 16:18:13

Baker Hughes to Acquire Chart Industries for $13.6 Billion

Baker Hughes Company has entered into an agreement to acquire Chart Industries for $210 per share, amounting to a total enterprise value of $13.6 billion. The transaction is structured as a merger, with Chart becoming an indirect wholly owned subsidiary of Baker Hughes. Both companies' boards have unanimously approved the merger, which is contingent upon several conditions, including stockholder approval from Chart and various regulatory clearances. The merger is not subject to any financing condition, as Baker Hughes has secured a bridge loan facility of up to $14.9 billion to finance the acquisition and related expenses.

Chart Industries, recognized for its engineering and manufacturing capabilities in gas and liquid handling technologies, reported $4.2 billion in revenue and $1.0 billion in adjusted EBITDA in 2024. This acquisition is expected to enhance Baker Hughes' position in the energy and industrial technology sectors, providing complementary solutions and potential financial benefits, including earnings accretion. The merger agreement includes customary covenants and termination rights, with specific fees stipulated in the event of termination under certain conditions.

Jul 29, 2025 06:48:02

Baker Hughes Reports Second Quarter 2025 Financial Results

Baker Hughes Company announced its financial results for the second quarter of 2025, reporting orders of $7.0 billion and revenue of $6.9 billion, which reflects a 3% decline year-over-year. The company achieved an attributable net income of $701 million, with a GAAP diluted earnings per share of $0.71. Adjusted EBITDA was reported at $1,212 million, marking a 7% increase from the previous year. The company also returned $423 million to shareholders, including share repurchases totaling $196 million.

In terms of strategic actions, Baker Hughes executed three significant transactions aimed at optimizing its portfolio. These include forming a joint venture with Cactus, Inc. for the Surface Pressure Control product line, selling the Precision Sensors & Instrumentation product line for approximately $1.15 billion, and acquiring Continental Disc Corporation for about $540 million. The company reported a Remaining Performance Obligation (RPO) of $34 billion, with a notable increase in its Industrial & Energy Technology segment. Overall, Baker Hughes is focusing on enhancing its earnings and cash flow durability through these strategic initiatives.

Jul 22, 2025 17:10:30

Baker Hughes Reports First-Quarter 2025 Financial Results

Baker Hughes Company reported first-quarter 2025 results, with orders totaling $6.5 billion and revenue of $6.4 billion, consistent with the previous year. The company achieved an attributable net income of $402 million, with a GAAP diluted EPS of $0.40 and an adjusted diluted EPS of $0.51. Cash flows from operating activities were $709 million, and free cash flow was $454 million. The company's Remaining Performance Obligations (RPO) stood at $33.2 billion, with a record RPO in the Industrial & Energy Technology (IET) segment of $30.4 billion, indicating a strong future revenue pipeline.

In terms of segment performance, the Oilfield Services & Equipment (OFSE) segment saw a decline in revenue and orders, while the IET segment reported revenue growth driven by increased demand for gas technology solutions. The company noted a decrease in adjusted net income and adjusted EBITDA compared to the previous quarter, but both metrics increased year-over-year. Baker Hughes emphasized its ongoing operational transformation and commitment to shareholder returns, having returned $417 million to shareholders through share repurchases and dividends.

Apr 22, 2025 17:08:24