Baker Hughes Company filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on October 28, 2026, reporting third-quarter and nine-month financial results for the period.

Key Highlights

  • Total revenue of $8,025 million for the three months ended September 30, 2026, compared with $7,010 million in the same period of 2025, according to the filing.
  • Net income attributable to Baker Hughes Company was $411 million for Q3 2026, down from $609 million in Q3 2025, as reported in the condensed consolidated statements of income.
  • Diluted income per Class A common share was $0.41 for Q3 2026, versus $0.61 in Q3 2025, per the filing.
  • Nine-month total revenue reached $21,354 million for the nine months ended September 30, 2026, compared with $20,347 million for the same period of 2025.
  • Total assets stood at $59,063 million as of September 30, 2026, up from $40,881 million at December 31, 2025, with goodwill rising to $13,897 million from $6,068 million over the same interval.
  • Long-term debt increased to $17,476 million as of September 30, 2026, from $5,398 million at December 31, 2025, the filing disclosed.
  • Cash dividend per Class A common share was $0.23 for Q3 2026, unchanged from Q3 2025, per the filing.

Baker Hughes Third-Quarter 2026 Financial Results: Revenue Growth Alongside Higher Debt and Expanded Asset Base

According to the Form 10-Q filed with the SEC for the quarterly period ended September 30, 2026, Baker Hughes Company (NASDAQ:BKR) reported total revenue of $8,025 million for the three months ended September 30, 2026, consisting of $5,396 million in sales of goods and $2,629 million in sales of services. This compared to total revenue of $7,010 million in the third quarter of 2025. For the nine months ended September 30, 2026, the company reported total revenue of $21,354 million, up from $20,347 million in the first nine months of 2025.

The filing reported that income before income taxes for Q3 2026 was $519 million, compared with $821 million in Q3 2025. Net income for the quarter was $422 million, with $411 million attributable to Baker Hughes Company. Notable line items in the quarter included amortization of acquired intangible assets of $165 million (versus $10 million in Q3 2025), restructuring charges of $28 million, and other expense, net of $157 million. For the nine months ended September 30, 2026, net income attributable to Baker Hughes Company was $2,022 million, compared with $1,712 million in the prior-year period, with basic income per Class A common share of $2.04 versus $1.73.

The condensed consolidated statement of financial position as of September 30, 2026 showed total assets of $59,063 million, a substantial increase from $40,881 million at December 31, 2025. The filing attributed portions of this increase to goodwill of $13,897 million (up from $6,068 million) and other intangible assets, net, of $9,773 million (up from $4,097 million). Long-term debt rose to $17,476 million from $5,398 million at year-end 2025. The filing also noted a "Fair value of Chart non-controlling interests" line of $244 million in the equity statement, and noncontrolling interests in total equity increased to $428 million from $176 million at December 31, 2025. As of October 26, 2026, the registrant had 993,078,473 shares of Class A Common Stock outstanding.

What Was Disclosed

Baker Hughes Company disclosed unaudited condensed consolidated financial statements for the three and nine months ended September 30, 2026, covering income, comprehensive income, financial position, changes in equity, and cash flows, along with related notes and management discussion.