BAKER HUGHES $BKR Q3’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $8.0B (Est. $7.7B) 🟢; +14% YoY
🔹 Adj. EPS: $0.70 (Est. $0.61) 🟢; +2% YoY
🔹 Orders: $10.8B; +31% YoY
🔹 RPO: $46.4B
Raises IET Order Outlook:
🔹 2026-2028 IET Orders: $50B+
🔹 FY26 IET Order Guidance: Raised
Cash Flow:
🔹 Free Cash Flow: $769M; +10% YoY
Segment Net Revenue:
🔹 OFSE: $3.7B; +1% YoY
🔹 IET: $3.5B; +3% YoY
🔹 Chart: $888M
Announcements:
🔹 Completed the previously announced all-cash acquisition of Chart Industries, Inc. ("Chart")
Other Q3 Metrics:
🔹 Adjusted EBITDA: $1.4B; +14% YoY
🔹 Operating Cash Flow: $1.0B; +8% YoY
🔹 Book-to-Bill: 1.3
Comments:
🔸 “Broad-based demand across data centers, space, LNG and gas infrastructure, together with ongoing capacity expansions, reinforces our long-term growth outlook and supports raising our full-year IET order guidance”
🔸 “Integration is also progressing at a strong pace, and early synergy actions reinforce our confidence in the value creation opportunity ahead.”
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