Baker Hughes Co

Company facts

Industry

Oil & Gas Field Machinery & Equipment

Headquarters

Houston, Texas

Most recent report

10-Q, filed Oct 28, 2026

Incorporated

Delaware

Filings on record

972 filings

On EDGAR

CIK 1701605

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 3 of 13 sections worth reading, with 0 positive, 17 notable, and 1 negative flags.

• Financial Statements (Item 1)

  Large acquisition (Chart) and debt raise reshape balance sheet and risk profile.
  Notable

  • Supply chain finance program liabilities of $417M, stable vs $410M at year-end 2025.
  • U.S. customer receivables concentration rose to 24% from 16% at year-end 2025.
  • No share repurchases in 2026; $1.3B authorization remains unused.
  • Off-balance sheet arrangements total $7.3B, mostly surety bonds and letters of credit.

• Management's Discussion (Item 2)

  Chart acquisition closed July 2026; $14.8B deal, $14.2B net cash, funded by debt; segment results and liquidity details.
  Notable

  • Chart acquisition closed July 16, 2026; total consideration $14.8B, net cash paid $14.2B.
  • Q3 2026 revenue $8.0B, up 14% YoY; Chart contributed $0.9B of the increase.
  • RPO totaled $46.4B at Sep 30, 2026; IET $39.4B, Chart $3.6B, OFSE $3.4B.
  • IET segment EBITDA up 8% to $685M in Q3 2026; OFSE EBITDA down 2% to $659M.
  • Chart segment: Q3 2026 revenue $888M, segment EBITDA $156M; first reporting period post-acquisition.
  • Cash and equivalents $4.1B at Sep 30, 2026; $1.6B in U.S., $2.5B outside U.S.
  • Next debt maturity December 2026; $17.7B aggregate principal of guaranteed debt securities outstanding.
  • Operating cash flow $2.85B for nine months 2026, up from $2.15B in 2025; working capital generated $350M.
  • Debt raised: $6.5B USD notes + €3.0B EUR notes in March 2026; two $1.0B term loans in July 2026.
  • No share repurchases in nine months ended Sep 30, 2026; $384M repurchased in same period 2025.
  Negative

  • Net income fell 32% to $0.4B in Q3 2026, driven by amortization, inventory step-up, and higher interest.

• Controls and Procedures (Item 4)

  Controls effective but excludes 31% of assets from assessment due to acquisition.
  Notable

  • Controls effective at reasonable assurance level as of Q3 2026.
  • SAP Central Finance (cFIN) implemented in Q2 2026, modifying finance processes and controls.
  • Acquired Chart business excluded from internal control assessment; it is 31% of total assets as of Q3 2026.

What changed: Sep 2026 vs. Jun 2026

About 14% of BKR's Sep 2026 10-Q is new information. 50 paragraphs were added, 162 changed, and 42 removed. Below are the most important lines SECSift identified.

• Item 1 82
• Item 2 69
• Item 5 6
• Item 6 4
• Item 4 2