Description

GE Vernova: How Gas Power Orders Are Quietly Rebuilding Earnings Power!

GE Vernova concluded its 2025 financial year with notable achievements and challenges, showcased by significant growth metrics alongside hurdles in its wind operations. The company’s financial performance was marked by a robust increase in its backlog to $150 billion, an over 25% surge, affirming its substantial growth trajectory. In particular, the Power segment stood out with exceptional orders growth, aided by strong demand for gas equipment and services. The company secured substantial gas turbine contracts, increasing the backlog, especially in regions like the U.S., the Middle East, and Asia. This segment continues to benefit from favorable pricing trends and strong customer demand, evidenced by a 100 basis point increase in EBITDA margins to 14.7% for the year. Notably, the backlog included a significant rise in Gas Power equipment orders, bolstering the expectations for more than 100 gigawatts under contract in 2026, which were previously 83 gigawatts.