BKRBaker Hughes

Energy · Oilfield Equipment · Nasdaq

Baker Hughes Company ("Baker Hughes," "the Company," "we," "us," or "our") is an energy technology company with a diversified portfolio of technologies and services that span the energy and industrial value chain. 10-K, Item 1

Employees: 56,000
Headquarters: Houston, TX
CEO: Lorenzo Simonelli
Next results: around Jan 25, 2027

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What the 10-K filed 2026-02-05 says about risks that are not on the face of the balance sheet, from the notes to the financial statements, Legal Proceedings and the MD&A (and, for big customers and key suppliers, Business and Risk Factors). Tickdelta picks sentences with specifics (amounts, accruals, covenant ratios) and quotes them as filed. New marks a sentence with nothing like it in the 10-K filed 2025-02-04.

Big customers

Customers the company names as a large share of revenue or receivables (it must name any worth 10% of revenue).

“No other country accounted for more than 10% of our gross customer receivables at these dates.”
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“No other country accounted for more than 10% of the Company's gross customer receivables at these dates.”
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Key suppliers

Parts or manufacturing that depend on one or a few suppliers.

No specific sentence about this in the 10-K.

Lawsuits and legal claims

Pending cases, settlements and what the company has set aside for them.

“C3.ai, Inc., et al., No. 4:22-cv-01413-HSG, filed an amended class action complaint (the "Amended Complaint") in the United States District Court for the Northern District of California.”
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“However, on April 4, 2024, the plaintiffs filed an amended complaint, reasserting their claims against the Company under the Securities Act and the Exchange Act.”
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“On or around February 14, 2025, the plaintiffs filed a further amended complaint, once again reasserting their claims against the Company under the Securities Act and the Exchange Act.”
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Guarantees and indemnities

Promises to pay someone else's debts or losses if they cannot.

“We guarantee various senior unsecured notes and senior unsecured debentures (collectively, the "Debt Securities") outstanding with an aggregate principal amount of $5,808 million as of December 31, 2025, with maturities ranging from 2026 to 2047.”
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Debt covenants

Conditions in loan agreements that, if broken, can make debt due early.

“At December 31, 2025, we were in compliance with all debt covenants.”
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“At December 31, 2025, the Company was in compliance with all debt covenants.”
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Commitments off the balance sheet

1 new

Contracts the company must pay for later: purchase obligations, take-or-pay deals.

“As of December 31, 2025, we had purchase obligations of $1,840 million payable within the next twelve months and $540 million payable thereafter.”
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“Total off-balance sheet arrangements were approximately $6.2 billion at December 31, 2025.”
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New “The Company also had commitments outstanding for purchase obligations for each of the five years in the period ending December 31, 2030 of $1,840 million, $292 million, $146 million, $45 million, and $35 million, respectively, and $22 million in the aggregate thereafter.”
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Sentences are chosen by their words, not read by AI, so some can be off topic. Always check the filing. Open the 10-K ↗

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