Baker Hughes Announces Fourth-Quarter and Full-Year 2025 Results in Oil & Companies News 27/01/2026 Baker Hughes Company BKR announced results today for the fourth-quarter and full-year 2025. “Baker Hughes delivered exceptional performance in 2025. We continued to execute at a high level, delivering another quarter of strong results contributing to a record fullyear Adjusted EBITDA. This achievement demonstrates sustained momentum from our Business System, active portfolio management, and positive performance in IET, which more than offset continued macrodriven softness in OFSE, where margins remained resilient through disciplined cost actions,” said Lorenzo Simonelli, Baker Hughes Chairman and Chief Executive Officer. “IET delivered strong fourthquarter bookings of $4 billion, contributing to a record fullyear total of $14.9 billion, exceeding the high end of our guidance range. IET achieved a record backlog of $32.4 billion at yearend, and book-to-bill exceeded 1x. For the second consecutive year, non-LNG equipment orders represented approximately 85% of total IET orders, which highlights the endmarket diversity and versatility of our IET portfolio.” “Following our strong free cash flow performance in prior years, we generated record annual free cash flow of $2.7 billion in 2025, enhanced by working capital efficiency and customer down payments.” “Looking ahead, we expect IET orders to remain at robust levels, supported by continued momentum in LNG, a stronger year of FPSO and gas infrastructure awards, and sustained strength for power systems. Against this favorable backdrop, we project similar levels of organic IET orders in 2026. In addition, we anticipate overall organic Adjusted EBITDA growth in the mid-single digits range, with IET expanding margins to our 20% target and OFSE remaining relatively flat.” “As the Company moves into Horizon Two(1), our recent portfolio actions are positioning Baker Hughes to evolve into a stronger, more industrialized energy solutions company. This evolution is underpinned by an increasingly production-oriented business mix and a differentiated lifecycle portfolio, which is driving reduced cyclicality and enhanced cash flow durability.” “I’d like to thank the entire Baker Hughes team for consistently delivering outstanding results. As we look to the future, we are energized by the opportunities that lie ahead and remain committed to our customers and employees, with a disciplined focus on creating long-term, sustainable value for our shareholders,” concluded Simonelli. Quarter Highlights Key awards and technology achievements Industrial & Energy Technology (“IET”) secured several important awards to supply critical liquefaction equipment for LNG projects in the U.S., supporting the reliable delivery of natural gas and LNG required to meet global energy demand. Gas Technology Equipment (“GTE”) received an award for gas turbine and refrigerant compressor technology for Train 5 of NextDecade’s Rio Grande LNG facility. GTE will also deliver six high efficiency, aeroderivative LM9000 gas turbines to drive its centrifugal compressors for the liquefaction process at Commonwealth LNG’s export facility. Additionally, Baker Hughes was selected by Glenfarne as its supplier for main refrigerant compressors for the LNG terminal and power generation equipment for Alaska LNG’s North Slope gas treatment plant once FID is reached. IET demonstrated continued strength within its power systems solutions, receiving sev