Baker Hughes Company continues its positive momentum following an impressive third-quarter 2025 earnings report, with the energy technology firm demonstrating robust growth through record order intake and strategic contract wins that reinforce its position in the industrial and energy technology sectors.
Financial Performance Exceeds Projections
The company’s latest financial results revealed several key metrics that surpassed market expectations:
- Total Orders: $8.2 billion
- Industrial & Energy Technology (IET) Orders: $4.1 billion
- Revenue: $7.0 billion (1% year-over-year increase)
- Adjusted Earnings Per Share: $0.68 (above analyst forecasts)
- Adjusted EBITDA: $1.238 billion (2% year-over-year growth)
The IET division achieved near-historic performance with its $4.1 billion contribution to the total order book, reflecting heightened demand for LNG infrastructure and energy transition initiatives.
Record Backlog Signals Sustained Demand
Baker Hughes reported a significant increase in its order backlog, which climbed to $35.3 billion in outstanding performance obligations. The IET segment alone accounts for $32.1 billion of this total—a record level that provides substantial revenue visibility and indicates continued strong market demand across its business units.
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Strategic Contract Wins Strengthen Market Position
Three major contract awards during the quarter underscore Baker Hughes’ leadership in critical energy sectors. The company secured a multi-year agreement with Aramco to expand underbalanced coiled tubing drilling (UBCTD) operations in Saudi gas fields, increasing the fleet from four to ten units.
Additional significant contracts include an award from Bechtel Energy for liquefaction equipment supply for the Port Arthur LNG Phase 2 project in Texas, and a substantial order from Petrobras covering up to 50 subsea tree systems for offshore fields in Brazil. These strategic wins bolster the company’s portfolio and reinforce recurring revenue streams within the gas and LNG business segments.
Leadership Transition and Technology Focus
The company announced a leadership transition with Ganesh Ramaswamy departing as Executive Vice President of the IET segment. Maria Claudia Borras, bringing over thirty years of industry expertise, has assumed the role on an interim basis.
CEO Lorenzo Simonelli highlighted the resilience of the global economy, noting that generative AI adoption and its associated power requirements are creating substantial opportunities. The company anticipates reaching its $1.5 billion data center order target ahead of schedule, reflecting its strategic focus on advanced energy technologies and strong market positioning that support the positive outlook for Baker Hughes shares.
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