Company: BKR
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0001701605-25-000117
Chunk: 16

Company: Baker Hughes Co
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

Baker Hughes Company

Condensed Consolidated Statements of Income (Loss)

(Unaudited)

Three Months Ended September 30,Nine Months Ended September 30,(In millions, except per share amounts)2025202420252024Revenue:Sales of goods$4,613 $4,413 $13,273 $12,963 Sales of services2,397 2,495 7,074 7,502 Total revenue 7,010 6,908 20,347 20,465 Costs and expenses:Cost of goods sold3,593 3,459 10,525 10,392 Cost of services sold1,716 1,749 5,031 5,286 Selling, general and administrative607 612 1,751 1,873 Research and development costs146 158 453 480 Other (income) expense, net71 (134)77 (182)Interest expense, net56 55 161 143 Income before income taxes821 1,009 2,349 2,473 Provision for income taxes(204)(235)(612)(656)Net income617 774 1,737 1,817 Less: Net income attributable to noncontrolling interests8 8 25 17 Net income attributable to Baker Hughes Company$609 $766 $1,712 $1,800 Per share amounts:Basic income per Class A common stock$0.62 $0.77 $1.73 $1.81 Diluted income per Class A common stock$0.61 $0.77 $1.72 $1.80 Cash dividend per Class A common stock$0.23 $0.21 $0.69 $0.63 

See accompanying Notes to Unaudited Condensed Consolidated Financial Statements.

Baker Hughes Company 2025 Third Quarter Form 10-Q | 1

Baker Hughes Company

Condensed Consolidated Statements of Comprehensive Income (Loss)

(Unaudited)

Three Months Ended September 30,Nine Months Ended September 30,(In millions)2025202420252024Net income$617 $774 $1,737 $1,817 Less: Net income attributable to noncontrolling interests8 8 25 17