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Baker Hughes BKR Oilfield Services & Equipment — Add: Depreciation and amortization

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Industrial & Energy Technology
$60M+7.1%

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Other financials

Income statement

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Revenue$6.7B-2.4%
Operating income$665.0M+2.2%
Net income$681.0M-2.9%
EPS (diluted)$0.68-4.2%

Balance sheet

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Cash & equivalents$15.7B+409%
Total debt$16.3B
Total equity$19.9B+12.5%
Total assets$52.6B+35.8%

Cash flow

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Operating cash flow$1.3B+164%
CapEx$300.0M-0.3%
Free cash flow$1.0B+400%

Valuation

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Market cap$63.6B+51.1%
Enterprise value$64.13B
P/E20.5×+6.7×
P/S2.3×+0.8×

Profitability

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Gross margin18.6%
Operating margin11.1%+2.0pp
Net margin11.2%+0.1pp
FCF margin11.3%+3.4pp

Returns & leverage

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Return on equity16.5%-1.9pp
Debt / equity0.8×
Current ratio2.1×+0.7×

Where this comes from

Reported directly by Baker Hughes in its filing.

Tagged under the XBRL concept us-gaap:DepreciationDepletionAndAmortization.

The source filing: Baker Hughes’s 10-Q, filed July 27, 2026.

Filed
Jul 27, 2026, 4:12 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001701605-26-000023
Line itemThree Months Ended June 30, 2026 / OFSEThree Months Ended June 30, 2026 / IETThree Months Ended June 30, 2026 / TotalSix Months Ended June 30, 2026 / OFSESix Months Ended June 30, 2026 / IETSix Months Ended June 30, 2026 / Total
Revenue$3,451$3,291$6,742$6,688$6,641$13,329
Cost of goods and services sold(2,849)(2,311)(5,160)(5,540)(4,692)(10,232)
Research and development costs(60)(83)(143)(114)(163)(277)
Selling, general and administrative(205)(282)(487)(409)(566)(975)
Other income235189
Add: Depreciation and amortization26660326544128672
Segment EBITDA$605$678$1,283$1,170$1,356$2,526

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Baker Hughes's oilfield services & equipment — add: depreciation and amortization?
Baker Hughes (BKR) reported oilfield services & equipment — add: depreciation and amortization of $266M in Q2 2026.
How has Baker Hughes's oilfield services & equipment — add: depreciation and amortization changed year-over-year?
Baker Hughes's oilfield services & equipment — add: depreciation and amortization increased by 14.2% year-over-year, from $233M to $266M.
What is the long-term trend for Baker Hughes's oilfield services & equipment — add: depreciation and amortization?
Over 2 years (2023 to 2025), Baker Hughes's oilfield services & equipment — add: depreciation and amortization has grown at a 4.8% compound annual growth rate (CAGR), from $849M to $932M.
What does oilfield services & equipment — add: depreciation and amortization mean?
This metric represents the non-cash expenses related to the allocation of the cost of tangible and intangible assets over their useful lives within the Oilfield Services and Equipment segment. It is added back to segment operating income to derive segment EBITDA, providing a clearer view of the segment's operational cash-generating capability. This adjustment is essential for comparing the underlying performance of capital-intensive oilfield operations across different accounting periods.

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