Baker Hughes Company

Latest Results (21.10.2025):

Baker Hughes Company reported strong financial performance for the first quarter of 2023, showcasing significant year-over-year growth in orders, revenue, and profitability. The company demonstrated robust operational efficiency and generated substantial cash flow, reinforcing its positive outlook for the energy services sector.

Order Growth

Baker Hughes secured orders totaling $7.6 billion in Q1 2023, marking a 12% increase compared to the same period last year. This growth underscores the company's strong market position and continued demand for its services and equipment.

Revenue Increase

Revenue for the quarter reached $5.7 billion, an 18% rise year-over-year. This growth reflects Baker Hughes' ability to capitalize on market opportunities and expand its service offerings effectively.

Enhanced Profitability

The company reported a GAAP operating income of $438 million, up by $160 million from the previous year. Additionally, adjusted operating income increased by 47% to $512 million, highlighting improved operational performance.

Earnings Per Share

GAAP diluted earnings per share were $0.57 for Q1 2023, which included $0.28 per share from adjusting items. The adjusted diluted earnings per share stood at $0.28, demonstrating solid profitability on a non-GAAP basis.

Cash Flow Generation

Baker Hughes generated $461 million in cash flows from operating activities during the quarter, with free cash flow totaling $197 million. This strong cash generation supports ongoing investments and strategic initiatives.

Non-GAAP Performance Metrics

Adjusted EBITDA for Q1 2023 was $782 million, a 25% increase year-over-year. These non-GAAP measures provide a clearer view of the company's underlying profitability and operational efficiency.