Highest-materiality recent filing
Baker Hughes Q2 2026: EPS $0.68, revenue $6.7B, record IET orders $7.1B, raises guidance
GAAP diluted EPS $0.68, adjusted diluted EPS $0.64; revenue $6.7B.
Baker Hughes closes $210/share acquisition of Chart Industries; targets $325M cost synergies
Acquisition closed at $210.00 per share in cash; Chart becomes third operating segment.
Baker Hughes in EC discussions over Chart acquisition commitments; target July 2026 close
Baker Hughes and Chart in discussions with European Commission regarding commitments to obtain merger clearance.
Baker Hughes files EC Form CO for Chart acquisition; expects close in July 2026
Filed Form CO with European Commission on May 21, 2026, initiating Phase I review.
Baker Hughes shareholders approve 2026 LTIP and ESPP; all directors re-elected
2026 LTIP approved (845.9M votes for); adds 9.5M shares plus unused shares from 2021 plan to equity incentive pool.
Baker Hughes Q1 net income $930M, EPS $0.93; adjusted EPS $0.58; IET orders record $4.9B
Orders $8.2B, record IET orders $4.9B (book-to-bill 1.5x); RPO $36.1B, record IET RPO $33.1B.
Baker Hughes issues $6.5B USD and €3B notes for Chart Industries acquisition
Total $6.5B USD senior notes: $500M @4.050% due 2029, $1.25B @4.350% due 2031, $750M @4.650% due 2033, $2B @5.000% due 2036, $2B @5.850% due 2056.
Chart 2025 sales $4.26B (+2.5% YoY) but net income dropped to $13.5M from $191.3M in 2024.
Baker Hughes reports record 2025 EBITDA $4.8B, record free cash flow $2.7B
Q4 orders $7.9B (IET $4.0B); FY orders $29.6B with record IET $14.9B.
Hart-Scott-Rodino waiting period expired at 11:59 p.m. ET on November 6, 2025.
Baker Hughes Q3 2025 EPS $0.61 GAAP / $0.68 adjusted; revenue $7.0B up 1% YoY
GAAP net income $609M, adjusted diluted EPS $0.68; orders $8.2B including $4.1B IET orders.
Baker Hughes EVP Ganesh Ramaswamy resigns; Maria Claudia Borras named interim replacement
Ganesh Ramaswamy resigned as EVP, Industrial & Energy Technology effective Oct 24, 2025, to pursue another opportunity.
Baker Hughes enters $2.6B term loan to finance Chart Industries acquisition
$2.6B senior unsecured delayed draw term loan facility entered on August 15, 2025 with Goldman Sachs Bank USA as administrative agent.
Baker Hughes to acquire Chart Industries for $210/sh in $13.6B all-cash deal
Purchase price of $210 per share in cash; enterprise value of $13.6 billion; ~9x 2025E consensus EBITDA on fully synergized basis.
Baker Hughes Q2: Adj EBITDA up 7% to $1.2B; IET orders $3.5B; raises FY guidance
Orders of $7.0B, IET orders $3.5B; RPO $34.0B, record IET RPO $31.3B.
Baker Hughes annual meeting elects all nine directors, approves say-on-pay, ratifies KPMG
All nine director nominees elected; Lorenzo Simonelli received 818.1M for vs. 57.9M against.
Baker Hughes Q1 2025 adjusted EPS $0.51, revenue $6.4B flat YoY; orders $6.5B, RPO record $33.2B
GAAP diluted EPS $0.40; adjusted diluted EPS $0.51; adjusted EBITDA $1,037M, up 10% YoY.
Director Elsenhans not standing for re-election; Ilham Kadri elected to board
Lynn L. Elsenhans will not stand for re-election at the 2025 Annual Meeting; she continues as director until that meeting and as committee chair until May 1, 2025.
Starting Q1 2025, R&D costs will be separately presented, removed from cost of goods/services sold.
Baker Hughes appoints Ahmed Moghal as CFO; reaffirms 2025 guidance
Ahmed Moghal appointed EVP and CFO effective Feb 24, 2025; succeeds Nancy Buese as advisor until April 30.
Baker Hughes Q4 revenue $7.4B (+8% YoY), adj. EPS $0.70, raises dividend 10% to $0.23
GAAP diluted EPS Q4 $1.18 (full-year $2.98); adjusted EPS Q4 $0.70 (full-year $2.35).
Baker Hughes Q3: record EBITDA margin 17.5%, adj. EPS $0.67, revenue up 4% YoY to $6.9B
GAAP diluted EPS $0.77; adjusted diluted EPS $0.67; attributable net income $766M.
Baker Hughes Q2 revenue up 13% YoY to $7.1B; raises FY guidance midpoint 5%
GAAP EPS $0.58, adjusted EPS $0.57; revenue $7.1B (+13% YoY), adjusted EBITDA $1,130M (+25%).
Baker Hughes elects Shirley Edwards to board, expands to 10; Simonelli named Chairman
Shirley Edwards, former EY Global Client Service Partner, elected to board effective May 22, 2024; board expands from 9 to 10.
Baker Hughes shareholders approve all proposals at 2024 annual meeting
Nine directors elected with majority votes; largest 'against' votes were for Beattie (76M) and Dumais (75M).
Baker Hughes Q1 2024 revenue up 12% to $6.4B; adjusted EPS $0.43 beats prior year
Orders of $6.5B, including $2.9B in IET; large awards from Aramco Master Gas System 3 and Cedar LNG.
Director Nelda J. Connors to not stand for re-election at 2024 annual meeting
Nelda J. Connors will not stand for re-election at the 2024 Annual Meeting of Shareholders.
Baker Hughes Q4 adjusted EPS $0.51; record adjusted EBITDA $1.09B; IET orders $3.03B
GAAP diluted EPS $0.43; adjusted EPS $0.51; net income $439M, up $257M YoY.
Baker Hughes parent guarantees subsidiary's outstanding debt; subsidiary exempt from SEC reporting
Baker Hughes fully and unconditionally guarantees all outstanding debt under 2008, 1994, and 1991 indentures as of Dec 31, 2023.
Baker Hughes realigns IET segment into 5 product lines; creates Climate Technology Solutions
New IET product lines effective Oct 1, 2023: Gas Technology Equipment (incl. Pumps), Gas Technology Services, Industrial Solutions, Industrial Products, and new Climate Technology Solutions (CTS).
Baker Hughes elects former Aramco executive Abdulaziz Al Gudaimi to board
Abdulaziz M. Al Gudaimi elected director effective Jan 1, 2024; board expands from 9 to 10 members.
Baker Hughes enters $3B 5-year revolving credit facility, replacing prior facility
New $3.0B revolving credit agreement dated Nov 21, 2023, matures Nov 21, 2028.
Baker Hughes Q3 orders up 40% YoY to $8.5B, revenue up 24% to $6.6B, adjusted EPS $0.42
Orders of $8.5B (+40% YoY); revenue $6.6B (+24% YoY).
Baker Hughes to realign IET segment product lines effective Oct 1
CEO Lorenzo Simonelli to discuss re-alignment at Barclays CEO Energy-Power Conference on Sept 6, 2023.
Baker Hughes Board decides to hold annual Say on Pay votes following shareholder vote
Shareholders at May 16, 2023 annual meeting voted for annual advisory votes on executive compensation.
Baker Hughes Q2 adjusted EPS $0.39, revenue $6.3B; orders up 28% YoY to $7.5B
Revenue $6.3B (+25% YoY); net income $410M vs loss of $839M a year ago.
Baker Hughes appoints Rebecca Charlton as CAO; Camilleri to depart in Q3 2023
Rebecca Charlton named SVP, Controller & CAO effective June 1, 2023, succeeding Kurt Camilleri.
All nine nominees elected; Lorenzo Simonelli received 872.6M votes for, 29.1M withheld.
Baker Hughes EVP Rod Christie departs under separation agreement effective May 1, 2023
Rod Christie departed as EVP, Industrial & Energy Technology effective May 1, 2023; had been in advisor role since January 2023.
Baker Hughes Q1 revenue $5.7B (+18% YoY); orders $7.6B; adj. EPS $0.28
Orders of $7.6B, up 12% YoY; revenue $5.7B, up 18% YoY.
Baker Hughes elects Dr. Mohsen M. Sohi to board; adopts amended bylaws
Dr. Mohsen M. Sohi elected to the board effective Jan 25, 2023, filling the vacancy from Gregory L. Ebel's resignation.
Baker Hughes Q4 record orders $8.0B (+20% YoY), rev $5.9B (+8%), adj EPS $0.38
Record Q4 orders $8.0B, up 32% sequentially and 20% YoY; full-year orders $26.8B.
Baker Hughes appoints Ganesh Ramaswamy as EVP, Industrial & Energy Technology
Ganesh Ramaswamy joins as EVP, Industrial & Energy Technology effective January 16, 2023.
Baker Hughes reaches term sheet with GE to eliminate GE's BHH ownership and settle tax disputes
GE will cause affiliates to deliver notice of exchange of all units in BHH LLC, eliminating GE's ownership.
Baker Hughes EVP Neil Saunders to depart Jan 31, 2023; settlement agreement signed
Neil Saunders, EVP – Oilfield Equipment, will depart company as part of restructuring announced Sept 6, 2022.
Baker Hughes finalizes separation agreement with former CFO Brian Worrell; consulting role set
Brian Worrell transitioned from CFO to advisor on Nov 1, 2022, through April 30, 2023.
Baker Hughes reorganizes into two segments effective Oct 1, 2022: OFSE and IET
Merged Oilfield Services & Oilfield Equipment into Oilfield Services & Equipment (OFSE).
Baker Hughes increases quarterly dividend to $0.19 and upsizes buyback authorization by $2B to $4B
Quarterly dividend raised 5.5% to $0.19 per share, payable Nov 18, 2022 to holders of record Nov 7.
Baker Hughes Q3 orders $6.1B, revenue up 5% YoY; adjusted EPS $0.26
Orders $6.1B (+3% seq, +13% YoY); revenue $5.4B (+6% seq, +5% YoY).
Baker Hughes appoints Nancy Buese as CFO effective Nov 2, 2022
Nancy Buese succeeds Brian Worrell, who becomes Advisor through Q2 2023.
On March 28, 2025, Lynn L. Elsenhans informed Baker Hughes Company (the “Company”) that she will not stand for re-election at the Company’s upcoming 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”).
On March 28, 2025, the Board elected Ilham Kadri to serve as a director of the Company with a term beginning on May 1, 2025.
the Board of Directors (the “Board”) of Baker Hughes Company (the “Company”) announced the appointment of Ahmed Moghal as Executive Vice President and Chief Financial Officer of the Company, effective February 24, 2025
Nancy Buese who, by mutual agreement with the Board, ceased to serve as Chief Financial Officer of the Company effective February 24, 2025
On May 22, 2024, the Board of Directors (the “Board”) of Baker Hughes Company (the “Company”) elected Shirley Edwards to serve as a director of the Company with a term beginning on May 22, 2024.
On March 21, 2024, Nelda J. Connors informed Baker Hughes Company (the “Company”) that she will not stand for re-election at the Company’s upcoming 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”).
elected Abdulaziz M. Al Gudaimi to serve as a director of the Company with a term beginning on January 1, 2024.
Kurt Camilleri who will be transitioning out of his current role of Senior Vice President, Controller and Chief Accounting Officer on the Effective Date and will assist with the transition of his duties to Ms. Charlton until his departure from the Company in the third quarter of 2023.
Rebecca Charlton has been appointed Senior Vice President, Controller and Chief Accounting Officer of the Company, with an anticipated effective date of June 1, 2023
Mr. Christie departed from the Company effective May 1, 2023.
On January 25, 2023, the Board of Directors (the "Board") of Baker Hughes Company (the "Company") elected Dr. Mohsen M. Sohi to serve as a director of the Company, effective January 25, 2023, following the resignation of Gregory L. Ebel as previously disclosed in our Current Report on Form 8-K, filed with the Securities and Exchange Commission on October 7, 2022.
On January 9, 2023, Baker Hughes Company (the “Company”) announced that effective January 16, 2023, Ganesh Ramaswamy will join the company as EVP, Industrial & Energy Technology.
Max materiality 0.95 · Median 0.65 · Most common event earnings