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Form 8-K · Current Report · Filed 2025-03-25

Baker Hughes Updates Income Statement Presentation

Baker Hughes Company announced changes to its income statement presentation, including separate reporting of research and development costs and the removal of sub-totals for operating income and non-operating income (loss), effective with the first quarter of 2025 Form 10-Q.

Filer
Baker Hughes Company BKR · NASDAQ
Filed
Accession
0001701605-25-000068
CIK
0001701605
Signal
Low impactEnergy

Details

These changes, detailed in an unaudited financial supplement, did not affect historically reported financial results. The adjustments were made to comply with Regulation FD and are furnished as Exhibit 99.1.

Items reported

Item 7.01

Regulation FD Disclosure

Regulation FD Disclosure
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$44.60

Next session

-1.3%

Since filing

+35.6%

Latest close

$60.49

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from BKR reporting the same item, with the next session's move:

Exhibits (1)

About Baker Hughes Company

Baker Hughes Company is a global energy technology provider that plays a critical role in the oil and gas sector. The company's primary function is to deliver integrated oilfield products, services, and digital solutions that optimize the development and management of hydrocarbon resources. With a comprehensive portfolio that includes drilling services, completion technologies, and innovative carbon reduction strategies, Baker Hughes serves a diverse range of clients, including oil and gas companies, both onshore and offshore. The company is also at the forefront of advancing cleaner energy technologies, emphasizing innovation in energy efficiency and emission reduction. Founded in 1907 and headquartered in Houston, Texas, Baker Hughes is a pivotal player in the energy market, influencing technology-driven transformations and operational efficiencies throughout the industry. Its integration of advanced data analytics and digital solutions showcases its commitment to enhancing the performance and sustainability of energy production worldwide.

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