Baker Hughes Company (Nasdaq: BKR) reported second-quarter highlights, including $7.0 billion in orders, $6.9 billion in revenue, and attributable net income of $701 million. Adjusted EBITDA reached $1,212 million, up 7% year-over-year. The company also announced strategic transactions to optimize its portfolio and enhance shareholder value.

In the Oilfield Services & Equipment segment, Baker Hughes saw orders of $3.5 billion and revenue of $3.6 billion in the second quarter of 2025. Segment EBITDA was $677 million, up 9% sequentially. North America revenue increased by 1%, while International revenue was up 4%.

The Industrial & Energy Technology segment reported orders of $3.5 billion and revenue of $3.3 billion in the second quarter of 2025. Segment EBITDA was $585 million, up 18% year-over-year. The increase was primarily driven by positive pricing, favorable FX, and productivity.

Baker Hughes continues to support data center projects, with year-to-date awards exceeding $650 million. The company secured an award to supply 30 NovaLT™ turbines, its largest data center award to-date. IET also received an award to deliver up to 270 MW of power for data center projects in Wyoming and Texas.

The company remains confident in its ability to deliver solid performance in 2025, with continued growth in IET offsetting softness in other areas. Baker Hughes signed strategic transactions to optimize its portfolio and enhance shareholder value, including forming a joint venture with a subsidiary of Cactus, Inc. and acquiring Continental Disc Corporation for approximately $540 million.

Read more at GlobeNewswire: Baker Hughes Company Announces Second-Quarter 2025 Results