Baker Hughes Company Q3 2025 Earnings Recap

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.