- Baker Hughes reports record orders for IET despite a drop in cash flow
The US-UK group Baker Hughes Company reported stable revenue of $6 43bn for the first quarter of 2025, with orders amounting to $6 46bn Its Industrial Energy Technology (IET) division achieved a record order intake of $3 18bn, supported by growth in gas equipment and services, particularly in liquefied natural gas (LNG) projects and energy
- Revenue Down, Margins Up: How Transformation Is Reshaping Baker Hughes . . .
Baker Hughes’ first quarter of 2025 tells a story of resilience, adaptation, and strategic recalibration While the company reported flat year-over-year revenue and a noticeable decline from the prior quarter, its transformation efforts are beginning to pay off—particularly in how the company manages cost, structure, and future-facing
- Baker Hughes Company Announces First-Quarter 2025 Results
"In our IET segment, we booked $3 2 billion of orders, including our first data center awards, totaling more than 350 MW of power solutions for this rapidly evolving market In addition to expanding opportunities for data centers, we have a strong pipeline of LNG, FPSO and gas infrastructure projects that support our order outlook for this year "
- Baker Hughes: Navigating Uncertainty with Resilience in the Energy Market
Baker Hughes, a leading provider of integrated oil and gas services, reported mixed results for the first quarter of 2025 The company’s Infrastructure Energy Technology (IET) segment showed strong growth, but uncertainty persisted in the Oilfield Services Equipment (OFSE) sector
- Baker Hughes Major Restructuring - Turbomachinery Magazine
After identifying OFSE and IET as the two broad business areas in 2021, Baker Hughes evaluated corporate performance, organizational structure, and market outlook This reorganization positions Baker Hughes for future changes in the energy landscape Establishing Oilfield and Industrial sections
- Baker Hughes: Riding the Energy Transition Wave to New Heights
Baker Hughes’ Industrial Energy Technology (IET) segment is emerging as a cornerstone of its future success In Q1 2025, IET revenue surged 11% year-over-year to $2 9 billion, fueled by a 20% jump in gas infrastructure projects and a staggering 114% revenue growth in Climate Technology Solutions
- Baker Hughes Layoffs: Impacts and Employee Reactions
Baker Hughes cuts jobs in Texas amid 2024–2025 restructuring Learn what’s driving the layoffs and how they impact employees and the energy sector
- Baker Hughes Is Stronger Together, but IET Segment Will Primarily Drive . . .
We think IET's revenue, which we model at a 10% CAGR during our forecast, will be driven by LNG-related demand for IET products (turbines, compressors, and electrical equipment) and new energy
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