Baker Hughes Company's Stock Analysis

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

Baker Hughes Reports Revenue Increases and Net Income Changes

Baker Hughes reported total revenue growth from $21.156 billion in FY 2022 to $25.506 billion in FY 2023, with projections of $27.829 billion for FY 2024. Sales of goods and services also showed increases across the fiscal years, contributing to overall revenue growth.

Conversely, the company experienced a net loss of $601 million in FY 2022, which improved to a net income of $1.943 billion in FY 2023, and is projected to rise further to $2.979 billion in FY 2024. Costs related to goods sold and services sold increased, while restructuring costs were adjusted, impacting the overall financial metrics.

Mar 25, 2025 16:46:08

Baker Hughes Appoints New CFO Amid Leadership Transition

Baker Hughes has appointed Ahmed Moghal as the new Chief Financial Officer, succeeding Nancy Buese, who will transition to a strategic adviser role before leaving the company in April 2025. Moghal, who has been with Baker Hughes since the merger with GE Oil & Gas, brings extensive experience in finance and has been instrumental in driving free cash flow efforts across the company. The leadership change is seen as a step forward in Baker Hughes' strategic transformation and growth plans, with a continued focus on improving margins and capital allocation.

On the financial front, Baker Hughes reaffirmed its outlook for the first quarter and full year of 2025, anticipating another year of EBITDA growth and targeting a 20% EBITDA margin for its OFSE segment in 2025 and the IET segment in 2026. The company also committed to returning a significant portion of free cash flow to shareholders, indicating a focus on shareholder returns. However, the departure of Buese marks a notable change in leadership, and it remains to be seen how this transition will impact the company's ongoing strategies.

Feb 24, 2025 09:00:18

Baker Hughes Reports $27.8 Billion Revenue for 2024

Baker Hughes announced its fourth-quarter and full-year results for 2024, highlighting significant achievements such as a revenue increase of 8% year-over-year, reaching $7.4 billion in the fourth quarter. The company also reported a total revenue of $27.8 billion for the full year, marking a 9% increase compared to the previous year. The adjusted EBITDA rose by 20% year-over-year to $1,310 million in the fourth quarter, alongside notable cash flows from operating activities totaling $1,189 million and free cash flow of $894 million. Additionally, the company plans to increase its quarterly dividend by 10% to $0.23, reflecting its commitment to returning value to shareholders.

Conversely, the company faced challenges with its Oilfield Services & Equipment (OFSE) segment, which experienced a 7% decline in orders year-over-year, totaling $15.2 billion for the full year. The OFSE revenue also decreased by 7% compared to the previous year. Operating income saw a sequential decrease of 4% in the fourth quarter, attributed to lower volume, despite some positive pricing and productivity initiatives. The total remaining performance obligations (RPO) decreased by $0.3 billion from the previous quarter, indicating a slight decline in future revenue expectations.

Jan 30, 2025 17:10:06