Baker Hughes Q2 profit rises 21% as revenue falls 3%; IET full-year guidance raised
Baker Hughes reported second-quarter 2025 GAAP net income attributable to the company of $701 million, up 21% from a year earlier, while revenue fell 3% year-over-year to $6.9 billion. The company raised its full-year revenue and EBITDA guidance for Industrial & Energy Technology and reestablished full-year guidance for Oilfield Services & Equipment, and it announced three portfolio transactions during the quarter.
Key points
- GAAP diluted EPS was $0.71 versus $0.58 a year earlier; adjusted diluted EPS was $0.63 versus $0.57.
- Adjusted EBITDA was $1,212 million, up 7% year-over-year; free cash flow was $239 million.
- Full-year revenue and EBITDA guidance was raised for IET, and full-year guidance was reestablished for OFSE.
- Announced deals include a sale of the PSI product line to Crane Company for about $1.15 billion and an agreement to acquire Continental Disc Corporation for about $540 million.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 22, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.