Lynn L. Elsenhans
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”).
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 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 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 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.
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 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.
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 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 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 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 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 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 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 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