- Baker Hughes (BKR, Financial) reported Q1 2025 revenue of $6.4 billion with an adjusted EBITDA of $1.037 billion, marking a 10% year-over-year increase.
- Net income for the quarter reached $402 million, with a GAAP diluted EPS of $0.40 and adjusted diluted EPS of $0.51.
- The company entered the data center market, securing more than 350 MW in power solutions orders.
Baker Hughes (BKR) reported solid financial results for the first quarter of 2025, with orders totaling $6.5 billion and revenue of $6.4 billion. The company achieved a net income attributable to Baker Hughes of $402 million, while adjusted EBITDA increased by 10% year-over-year to $1.037 billion. The GAAP diluted EPS was $0.40, and the adjusted diluted EPS stood at $0.51. Free cash flow was $454 million, a decline of 10% year-over-year.
The company's Industrial & Energy Technology (IET) segment showed robust performance, securing $3.2 billion in orders. This includes new data center awards, surpassing 350 MW of power solutions, marking Baker Hughes’ entry into this burgeoning market. Furthermore, Baker Hughes maintained a resilient backlog with Remaining Performance Obligations (RPO) of $33.2 billion, which includes a record IET RPO of $30.4 billion.
In the Oilfield Services & Equipment (OFSE) segment, despite an 8% decline in revenue, Baker Hughes demonstrated margin improvement. The company maintained a focus on structural efficiency, a strategic move that resulted in a resilient EBITDA margin of 17.8%, up by 0.8 percentage points year-over-year.
Baker Hughes returned $417 million to shareholders in the first quarter of 2025, comprised of $188 million through share repurchases. The company remains committed to its strategy and believes that its diversified portfolio and strong market position will support future growth, despite broader macroeconomic challenges.
