Oct 27, 5:05 PM ET
Baker Hughes Company announced its third-quarter 2026 financial results, reporting revenue of $8.0 billion and net income attributable to the company of $411 million, alongside the completion of the Chart Industries acquisition. Driven by strong commercial momentum, the company raised its full-year Industrial & Energy Technology order guidance and Horizon 2 order outlook to over $50 billion. Shareholders gain insight into segment performance across Oilfield Services & Equipment, IET, and Chart, with total remaining performance obligations ending at $46.4 billion.
- Reported third-quarter 2026 revenue of $8.0 billion and GAAP diluted EPS of $0.41.
- Generated $1,005 million in cash flows from operating activities and $769 million in free cash flow.
- Raised full-year Industrial & Energy Technology order guidance and Horizon 2 order outlook to $50 billion plus.
- Total remaining performance obligations reached $46.4 billion as of September 30, 2026.
Read the filing on SEC.gov ↗
Jul 27, 6:07 AM ET
Baker Hughes reported second-quarter 2026 revenue of $6,742 million, down 2% from a year earlier, and GAAP net income of $681 million, down 3%. Adjusted EBITDA rose 2% to $1,231 million, and orders reached $10.5 billion, up 49%, with the company raising its full-year IET order outlook to more than $45 billion. For shareholders, the year-over-year sales and GAAP profit declines contrast with stronger orders, adjusted profit and a larger order outlook.
- Revenue was $6,742 million, up 2% sequentially and down 2% year over year; GAAP diluted EPS was $0.68 versus $0.71 a year earlier.
- Adjusted diluted EPS was $0.64, up from $0.63 in the second quarter of 2025; adjusted EBITDA was $1,231 million.
- IET orders were $7,088 million, and the company raised its Horizon 2 (2026-2028) IET orders outlook to more than $45 billion.
- The Chart Industries acquisition closed in July 2026, and the sale of Waygate Technologies to Hexagon was announced for about $1.45 billion before closing adjustments.
Read the filing on SEC.gov ↗
Jul 16, 8:54 AM ET
Baker Hughes completed its acquisition of Chart Industries on July 16, 2026, with Chart stockholders receiving $210.00 in cash per share. To help fund the deal, subsidiary Baker Hughes Holdings LLC entered two term loan agreements on July 15, 2026, borrowed $2.0 billion under them, and terminated a previous $2.6 billion term loan facility with no termination penalties. The company is taking on more debt, and the filing says it targets $325 million in annualized cost synergies within three years and net leverage of 1.0-1.5x within 24 months.
- Chart stockholders receive $210.00 in cash per share under the merger agreement
- Baker Hughes Holdings borrowed $2.0 billion under two term loans, each maturing 2 years from funding
- Target of $325 million in annualized cost synergies within three years after close
- Chart reported $4.3 billion in revenue for fiscal 2025; Jim Apostolides named senior vice president to lead the Chart segment
Read the filing on SEC.gov ↗
May 19, 5:05 PM ET
At its May 19, 2026 annual meeting, Baker Hughes stockholders approved the 2026 Long-Term Incentive Plan and the amended Employee Stock Purchase Plan, and elected all ten nominated directors to one-year terms. The LTIP reserves 9,500,000 new Class A common shares, and the ESPP increases its share reserve by 9,500,000 shares to 14,408,532 shares in total, which would add to potential share issuance for shareholders.
- 2026 LTIP reserves 9,500,000 new Class A common shares, plus unused shares from the 2021 plan as of March 16, 2026
- ESPP reserve increases by 9,500,000 shares to an aggregate 14,408,532 shares
- Advisory say-on-pay vote: 806,679,306 for and 62,794,771 against
- KPMG LLP ratified as independent auditor for fiscal 2026 with 907,322,622 votes for
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.