Baker Hughes beat earnings forecasts in Q4 2025, fueled by gas tech demand, with strong revenue and cash flow.

Baker Hughes posted an 11% rise in adjusted quarterly profit for Q4 2025, driven by strong demand for gas technology and infrastructure, boosting its Industrial & Energy Technology segment despite a decline in oilfield services. Revenue reached $7.39 billion, slightly above forecasts, with adjusted earnings per share at $0.78, surpassing expectations. The company reported record backlog and free cash flow, projected mid-single-digit EBITDA growth, and expects IET margins to reach 20%. The stock rose 4.5% on the results.