Baker Hughes 10-Q Details Q3 GAAP Results, $14.8B Chart Purchase Accounting and Debt Jump to $18.3B
BKR sits 24% above its 52-week low of $44.255 on elevated volume (2.4× avg).
Summary
Baker Hughes' Q3 10-Q fills in the GAAP detail behind Tuesday's beat: revenue of $8.0 billion and $411 million of net income, with total debt up to $18.3 billion after the $14.8 billion Chart acquisition.
Key Events · Earnings and Guidance · BKR
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Q3 Revenue Up 14% on Chart
Revenue rose to $8,025 million from $7,010 million, with $888 million from Chart since the July 16 close and IET up 3% to $3,477 million.
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GAAP Net Income Falls 32%
Net income attributable to Baker Hughes was $411 million, or $0.41 diluted, versus $609 million and $0.61 a year ago, hit by $165 million of acquisition amortization, $158 million of transaction costs and $177 million of net interest expense.
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Debt Jumps to $18.3 Billion
Total debt rose to $18,264 million from $6,087 million at December 31, 2025, after $11,885 million of long-term debt issued in 2026 to fund the Chart deal; the $3.0 billion revolver remains undrawn.
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Chart Purchase Accounting Set
Total consideration was $14,809 million, allocated to $8,330 million of goodwill and $5,920 million of intangibles; net cash paid was $14,150 million.
Analysis · BKR · Energy & Transportation
The headline numbers were already out on October 27, but the 10-Q is where the accounting gets real: Q3 revenue of $8.0 billion carried $0.9 billion of Chart contribution, yet GAAP net income fell 32% to $411 million as $165 million of acquisition amortization, $158 million of transaction costs and $177 million of net interest expense hit the P&L. The balance sheet is the bigger story — total debt jumped to $18.3 billion from $6.1 billion at year-end to fund the $14.8 billion Chart deal, and goodwill plus intangibles now sit at $23.7 billion of the $59.1 billion asset base. Cash generation held up, with $2.85 billion of operating cash flow year-to-date versus $2.15 billion a year ago, and the $1.45 billion Waygate sale to Hexagon is still slated to close in Q4 2026.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 31% of the 1656 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.01%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, BKR was trading at $55.03 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $54.3B. The 52-week trading range was $44.26 to $70.41. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.