Baker Hughes Q3 2025 Earnings Report (October 30, 2025)

First coverage of BKR Long ago, I asked an oil & gas industry research analyst whether Baker Hughes (BKR) was worth buying. He advised that, within the oilfield services sector, BKR ranks only third—Schlumberger (SLB) (see: "Schlumberger Q3 2025 Earnings Report, October 20, 2025") and Halliburton (HAL) (see: "Halliburton Q1 2025 Earnings Report, June 17, 2025") are the preferred investments… Yet looking at their price charts, SLB and HAL have moved almost identically—and both have been notably weak over the past one to two years—whereas BKR has instead surged and traded in a volatile uptrend. From a P/E perspective, BKR also trades at a significantly higher multiple than either SLB or HAL. In terms of revenue composition, BKR is not just an oilfield services company but also an energy technology company—for example, it has secured orders related to data center construction and gas-fired power generation equipment. Focusing solely on oilfield services-related revenue, BKR posted $3.6 billion this quarter—substantially lower than Schlumberger’s Q3 figure of $8.9 billion and Halliburton’s Q1 figure of $5.4 billion. Nevertheless, the market assigns BKR a higher valuation premium due to its energy technology business—including the fact that BKR’s stock price rose steadily even during the past year’s period of depressed oil prices.

Halliburton Q4 2025 Snapshot (February 23, 2025)

Among the three major oilfield service companies, BKR delivered relatively solid performance following earnings releases, whereas SLB and HAL both appeared lackluster. Key headwinds cited in the earnings report include political uncertainty stemming from Mexico’s newly elected government, as well as declining profitability in North America. Management’s guidance indicates that overall 2025 revenue and shareholder returns are expected to remain flat versus 2024. Additionally, management expressed confidence that its current four growth engines will generate $2.5–$3.0 billion in incremental revenue over the next three to five years. Halliburton’s current market capitalization stands at $22.9 billion; its planned $1.6 billion capital return for 2025 implies a 7% return yield. Technically, HAL’s chart appears to be forming a descending wedge—a classic bullish pattern—and a potential technical buy point may soon emerge.

Baker Hughes Reports Lower Quarterly Profit Amid Middle East Conflict

4 days ago

Baker Hughes reported a decline in third-quarter profit as Middle East conflicts reduced demand for oilfield services and equipment. The company cited supply chain challenges and muted drilling activity, causing its shares to drop over 1%.

reuters

2026-04-23

Baker Hughes tops estimates, says oilfield activity hit by Middle East disruptions

2026-05-08

US Drillers Add Oil and Gas Rigs for Third Week in a Row, Says Baker Hughes

2026-05-15

US Drillers Add Oil/Gas Rigs for Fourth Week in a Row, Says Baker Hughes

2026-06-12

US energy firms cut rigs for first time in eight weeks, Baker Hughes says

2026-06-22

Baker Hughes offers remedies to obtain EU nod for Chart deal