Citable filing context
BKR's research view summarizes recent SEC filing context, starting with earnings from Jul 27, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 27, 2026 | earnings | Baker Hughes reported second-quarter 2026 revenue of $6.7 billion and net income of $681 million. |
| Jul 16, 2026 | acquisition | Baker Hughes completed its acquisition of Chart Industries, Inc. for $210.00 per share in cash. |
| Jun 22, 2026 | acquisition | Baker Hughes is discussing commitments with the European Commission for clearance of its Chart Industries acquisition. |
| Jul 27, 2026 | Guidance: iet_orders | 45.00 to not reported |
| Jul 16, 2026 | Guidance: net_leverage | 1.00 to 1.50 |
| Jul 29, 2025 | Guidance: EPS accretion | not reported to not reported |
| Jul 27, 2026 | mda_quarterly | Baker Hughes reported second-quarter 2026 revenue of $6.7 billion, a 2% year-over-year decline, with net income remaining flat at $0.7 billion. The Oilfield Services & Equipment (OFSE) segment saw a 5% revenue drop, impacted by the Surface Pressure Control disposition and regional spending declines in the Middle East. Conversely, the Industrial & Energy Technology (IET) segment remained flat, benefiting from growth in Gas Technology Services, Industrial Products, and Climate Technology Solutions, which offset divestitures like Precision Sensors & Instrumentation. Management identifies geopolitical instability, particularly in the Middle East and the Strait of Hormuz, as a structural market feature driving energy security concerns. While upstream spending in the Middle East is expected to decline, North American and other international markets remain stable. The company completed its $13.6 billion acquisition of Chart Industries in July 2026, funded through significant debt issuance. Liquidity remains robust with $15.7 billion in cash, though the company faces operational headwinds from aeroderivative supply chain constraints. Looking forward, Baker Hughes is prioritizing long-term growth in LNG, carbon capture, hydrogen, and geothermal energy, while maintaining a capital expenditure target of up to 5% of annual revenue to support ongoing operations. |
| Apr 24, 2026 | mda_quarterly | Baker Hughes reported first-quarter 2026 revenue of $6.6 billion, a 2% year-over-year increase, driven by strong performance in the Industrial & Energy Technology (IET) segment. IET revenue rose 14%, bolstered by significant growth in Gas Technology Equipment and Services, while the Oilfield Services & Equipment (OFSE) segment saw a 7% revenue decline, largely due to the Surface Pressure Control disposition and reduced activity in the Middle East. Net income reached $0.9 billion, benefiting from $721 million in gains from the Precision Sensors & Instrumentation and Surface Pressure Control dispositions. Geopolitical instability in the Middle East remains a structural market concern, leading the company to anticipate a significant decline in regional upstream spending. Conversely, Baker Hughes expects sustained demand for LNG, gas infrastructure, and new energy solutions, including carbon capture, hydrogen, and geothermal technologies. To support the pending $13.6 billion acquisition of Chart Industries, the company successfully completed a $9.5 billion debt offering in March 2026, terminating its previous bridge facility. While North American and international markets are expected to remain broadly flat, the company continues to prioritize operational efficiency and cost-out initiatives to navigate inflationary pressures and supply chain constraints in the aeroderivative market. |
Source: SEC EDGAR filing text and events; period Jul 27, 2026; filed Jul 27, 2026.
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