Baker Hughes closed its short-term bridge facility in Q1 2026, bolstered by a substantial issuance of USD and Euro-denominated notes to fund the pending Chart acquisition. The quarter showed a mixed revenue trend with a 7% decline in Oilfield Services & Equipment (OFSE) due to portfolio optimization and Middle East disruptions, contrasting with a 14% gain in Industrial & Energy Technology (IET), driven by gas technology segments. The company navigates macroeconomic uncertainty shaped by geopolitical tensions impacting upstream spending patterns, while emphasizing a diversified technology portfolio that supports energy transition initiatives alongside traditional oil and gas services.