Company: BKR
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0001701605-25-000107
Chunk: 43

Company: Baker Hughes Co
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 Obligations

Summarized orders information for our segments are shown in the following table.

Three Months Ended June 30,$ ChangeSix Months Ended June 30,$ Change2025202420252024Orders:Oilfield Services & Equipment$3,503 $4,068 $(565)$6,784 $7,692 $(909)Gas Technology Equipment781 1,493 (712)2,116 2,723 (607)Gas Technology Services986 769 218 1,899 1,461 439 Total Gas Technology1,767 2,261 (494)4,015 4,183 (168)Industrial Products513 524 (12)1,013 1,070 (57)Industrial Solutions327 281 46 608 538 70 Total Industrial Technology839 805 34 1,621 1,608 13 Climate Technology Solutions (1)923 392 531 1,071 585 486 Industrial & Energy Technology3,530 3,458 72 6,708 6,376 332 Total$7,032 $7,526 $(494)$13,492 $14,068 $(577)

(1)For the three and six months ended June 30, 2025 and 2024, total new energy orders incorporates CTS in IET.

The Remaining Performance Obligations ("RPO") relate to the aggregate amount of the transaction price allocated to the unsatisfied (or partially unsatisfied) performance obligations. As of June 30, 2025, RPO totaled $34 billion, of which OFSE totaled $2.7 billion, and IET totaled $31.3 billion.

Baker Hughes Company 2025 Second Quarter Form 10-Q | 28

Second Quarter of 2025 Compared to the Second Quarter of 2024

Revenue decreased $0.2 billion to $6.9 billion. OFSE decreased $0.4 billion and IET increased $0.2 billion.

Selling, general and administrative cost decreased $75 million, or 12%, to $567 million driven primarily by a continued focus on cost optimization, partially offset by inflationary pressure.

Research and development cost increased $3 million, or 2%, to $161 million.

We recorded other income of $134 million in the second quarter of 2025, which included a net gain of $119