Baker Hughes Company (BKR) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

We will also be using a presentation with our prepared remarks during this webcast, which can be found on our investor website. As a reminder, we will provide forward-looking statements during this conference call. These statements are not guarantees of future performance and involve a number of risks and assumptions. Please review our SEC filings and website for factors that could cause... ...measures can be found in our earnings release. I will turn the call over to Lorenzo. Thank you, Chase. Good morning, everyone, and thanks for joining us. First, I'd like to provide a quick outline for today's call. I will start with our strong fourth quarter and full year results, highlight key awards, and discuss the macro environment. Following this, I will walk through the progress we are making as we further scale our power systems portfolio and capture growing demand in this space. I will then hand it over to Ahmed, who will present an overview of our financial results, followed by an update on the progress we're making on chart integration planning. To conclude, I will summarize the main points before we open the line for questions. Let us now turn to slide four. We continue to execute at a high level, delivering another quarter of strong results. Adjusted EBITDA totaled $1.34 billion, for passing the midpoint of our guidance range and contributing to a record full year adjusted EBITDA of $4.83 billion. This achievement demonstrates sustained momentum from our business system and ongoing positive performance in industrial and energy technology, which more than offset continued macro driven softness in oil field services and equipment. Adjusted earnings per share rose to 78 cents. resulting in a full year adjusted EPS of $2.60, a 10% increase from 2024. Adjusted EBITDA mar...