Baker Hughes Company Earnings Recaps
Q3 2025
Oct 24, 2025
Baker Hughes reported a strong third quarter for 2025, with adjusted EBITDA of $1.24 billion and a record IET backlog of $32.1 billion, driven by significant LNG and power generation orders.
Key takeaways
- Adjusted EBITDA rose to $1.24 billion, reflecting effective business system deployment and solid U.S. land performance.
- IET orders reached $4.1 billion, with record equipment packages in LNG and new energy sectors, contributing to a robust $32.1 billion backlog.
- Significant contracts include over $800 million for LNG projects and a notable award from Dynamis for mobile power generation exceeding 1 gigawatt.
- Continued focus on integrated solutions for low-carbon energy, with progress in geothermal projects and extensive data center power generation orders.
- Full year adjusted EBITDA is expected to exceed $4.7 billion, highlighting strong operational momentum and positive market demand.