Q1 25 EPS
$0.51
BEAT +8.51%
Est. $0.47
Q1 25 Revenue
$6.43B
vs S&P Since Q1 25
+49.4%
BEATING MARKET
BKR +84.0% vs S&P +34.6%
Market Reaction
Did BKR Beat Earnings? Q1 2025 Results
Baker Hughes opened 2025 on a firm note, posting first-quarter adjusted EPS of $0.51 against a consensus estimate of $0.47, an 8.51% beat, while revenue of $6.43 billion held essentially flat year-over-year, up just 0.1%, underscoring the company's r… Read more Baker Hughes opened 2025 on a firm note, posting first-quarter adjusted EPS of $0.51 against a consensus estimate of $0.47, an 8.51% beat, while revenue of $6.43 billion held essentially flat year-over-year, up just 0.1%, underscoring the company's resilience amid a turbulent macro environment where tariff uncertainty is weighing broadly on the oilfield services sector. The headline driver was a standout performance in the Industrial & Energy Technology segment, where revenue climbed 11% year-over-year to $2.93 billion and EBITDA surged 30%, with Gas Technology Equipment up 20% and Climate Technology Solutions revenue more than doubling. A record $30.40 billion IET remaining performance obligations backlog, bolstered by landmark data center power awards and expanded LNG framework agreements, signals durable demand well beyond the current quarter. Oilfield Services & Equipment faced volume headwinds, though margin discipline kept EBITDA margins at 17.8%. Looking ahead, management acknowledged macroeconomic and trade policy risks but expressed confidence that its diversified portfolio and structural cost-out program position the company to sustain margin improvement through the year.
Key Takeaways
- • Structural margin improvement from operational transformation and cost-out initiatives
- • Strong IET volume growth particularly in Gas Technology Equipment (up 20% YoY)
- • Positive pricing in both segments
- • Productivity gains across both segments
- • Record IET RPO of $30.4 billion providing future revenue visibility
BKR YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
BKR Revenue by Segment
With YoY comparisons, source: SEC Filings
BKR Revenue by Geography
With YoY comparisons, source: SEC Filings
“Baker Hughes started the year strong, building on the positive momentum from 2024 and setting multiple first-quarter records. Our continued transformation initiatives and strong execution continue to drive structural margin improvement across both segments. The operational transformation and streamlining efforts have created a solid foundation to optimize margins and enhance returns, even in a challenging environment.”
— Lorenzo Simonelli, Q1 2025 Earnings Press Release
BKR Earnings Trends
BKR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BKR EPS Trend
Earnings per share: estimate vs actual
BKR Revenue Trend
Quarterly revenue: estimate vs actual
BKR Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 FY | — | $0.78 | — | $7.39B | — |
| FY Full Year | — | $2.60 | — | $27.73B | — |
| Q1 26 | — | — | — | — | — |
| Q3 25 BEAT | $0.62 | $0.68 | +9.68% | $7.01B | — |
| Q2 25 BEAT | $0.55 | $0.63 | +14.55% | $6.91B | — |
| Q1 25 BEAT | $0.47 | $0.51 | +8.51% | $6.43B | — |