| Related Party Transactions |
Related Party Transactions The following tables set forth a summary of transactions and balances with significant related parties: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Baker
Hughes
Holdings
LLC | | Akastor
AS | | | | Other
Baker
Hughes
companies | | Other
Akastor
companies | | Tanajib
Holding
Company | | Total | | | | | | | | | | | | | | | | | | (in thousands) | | Condensed Consolidated Statements of Income | | Three Months Ended June 30, 2026 | | Revenue | | $ | — | | | $ | — | | | | | $ | 47 | | | $ | 513 | | | $ | — | | | $ | 560 | | | Interest expense, net | | (49) | | | (13) | | | | | — | | | — | | | — | | | (62) | | | Six Months Ended June 30, 2026 | | Revenue | | $ | — | | | $ | — | | | | | $ | 175 | | | $ | 712 | | | $ | — | | | $ | 887 | | | Interest expense, net | | (2,182) | | | (538) | | | | | — | | | — | | | — | | | (2,720) | | | Condensed Consolidated Balance Sheets | | As of June 30, 2026 | | Related party accounts receivable | | $ | — | | | $ | — | | | | | $ | 1,305 | | | $ | 300 | | | $ | — | | | $ | 1,605 | | | Related party notes receivable—current | | — | | | 1,544 | | | | | — | | | — | | | 2,813 | | | 4,357 | | | Related party notes receivable | | — | | | 19,056 | | | | | — | | | — | | | 3,600 | | | 22,656 | | | Accounts payable—related party | | — | | | — | | | | | — | | | 13 | | | — | | | 13 | | | | | | | | | | | | | | | | | | Tax receivable agreement liability | | 1,880 | | | — | | | | | — | | | 1,880 | | | — | | | 3,760 | | | Other liabilities | | 384 | | | 7,907 | | | | | — | | | — | | | — | | | 8,291 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Baker
Hughes
Holdings
LLC | | Akastor
AS | | Other
Baker
Hughes
companies | | Other
Akastor
companies | | Tanajib
Holding
Company | | Total | | | | | | | | | | | | | | | | (in thousands) | | Condensed Consolidated Statements of Income | | Three Months Ended June 30, 2025 | | Revenue | | $ | — | | | $ | — | | | $ | 49 | | | $ | 113 | | | $ | — | | | $ | 162 | | | Interest expense, net | | (2,031) | | | (486) | | | — | | | — | | | — | | | (2,517) | | | Six Months Ended June 30, 2025 | | Revenue | | $ | — | | | $ | — | | | $ | 74 | | | $ | 178 | | | $ | — | | | $ | 252 | | | Interest expense, net | | (4,001) | | | (956) | | | — | | | — | | | — | | | (4,957) | | | Condensed Consolidated Balance Sheets | | As of December 31, 2025 | | Related party accounts receivable | | $ | — | | | $ | 424 | | | $ | 942 | | | $ | 133 | | | $ | — | | | $ | 1,499 | | | Related party notes receivable—current | | — | | | 1,544 | | | — | | | — | | | 2,109 | | | 3,653 | | | Related party notes receivable | | 4,654 | | | 24,545 | | | — | | | — | | | 4,405 | | | 33,604 | | | Accounts payable—related party | | — | | | — | | | 102 | | | 5 | | | — | | | 107 | | | Long-term debt, net—related party | | 112,471 | | | 31,261 | | | — | | | — | | | — | | | 143,732 | | | Other liabilities | | 384 | | | 7,907 | | | — | | | — | | | — | | | 8,291 | |
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