Baker Hughes Company (BKR) Earnings Call Transcripts

Baker Hughes Company's Latest Earnings Call - September 9, 2026

In the third quarter of 2026, Baker Hughes Company (BKR:US) reported revenue of approximately $2 billion, which aligns with consensus estimates, while maintaining its guidance for both OFC and IT segments. The company anticipates EBITDA margins for the newly acquired Chart Industries to be around 17% for the second half of the year, with a clear path to 22-23% by 2028, driven by cost synergies and operational improvements. Management emphasized the strategic value of the Chart acquisition, which is expected to enhance Baker Hughes' position in high-growth markets and contribute to long-term shareholder value.

Reported metrics

Guidance from management

Management maintained guidance for OFC and IT segments, with expectations for Chart to contribute revenue of $1.85 billion to $2.25 billion and EBITDA of $300 million to $400 million through year-end 2026.

What management said

[Audio Gap] fortunate to sort of see this transformation. If you take all the presentations over the last or years together, you'll literally see how Baker Hughes has transformed over the years. Today is no different. This morning, they, on their website, they publish the update on the Chart Industries guidance and the plan going forward. Lorenzo is going to walk through that presentation today. And at the end of i...

Thank you, Lorenzo. So we only have time for probably 1 question here. If we could just kind of look at the chart guidance you just put out there on the margins. So our margins were 17% now, and you're targeting -- was that over 3 years -- was that -- and can you just maybe just talk through some of the puts and takes and what some of the assumptions are if they're going into that margin expansion?

What analysts pressed on

Analysts expressed concerns regarding the impact of acquisition-related costs on free cash flow conversion and the timing of LNG equipment volumes affecting near-term margins. There were questions about the execution of integration plans and the potential for margin recovery in the second half of 2026.

Main topics on the call

• Chart Acquisition Impact — Management highlighted that the acquisition of Chart Industries is expected to create significant commercial synergies and enhance Baker Hughes' portfolio across energy infrastructure and industrial markets. CEO Lorenzo ...
• EBITDA Margin Guidance — Baker Hughes expects EBITDA margins for Chart to improve from approximately 17% to 22-23% by the second half of 2028, driven by cost synergies and operational excellence. Simonelli noted, 'We feel confident by the back h...
• Revenue Performance — The company reported revenue of just over $2 billion for the quarter, which is in line with consensus expectations. This performance reflects a stable underlying business, with management maintaining guidance for both OF...
• Cost Synergies — Baker Hughes has identified a roadmap to achieve approximately $325 million in annualized cost synergies from the Chart acquisition, with $35 million already executed. Simonelli stated, 'We have a clear roadmap detailed ...

Read the full Baker Hughes Company transcript (September 9, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 47 Baker Hughes Company earnings call transcripts on record, spanning January 22, 2020 to September 9, 2026. Based on this history, Baker Hughes Company reports quarterly. The most recent call on file is dated September 9, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BKR

Exchange

NasdaqGS

Country

US

Sector

Energy

Industry

Energy Equipment and Services

Calls on record

47

First call

January 22, 2020

Most recent

September 9, 2026

Reporting cadence

quarterly