CLAIM #13610 · CAT (CAT) · 2025Q2 earnings call · Aug 5, 2025 · due Dec 31, 2025
“In oil and gas, we expect moderate growth in 2025.”
Joe Creed · CEO
How to check this claim
Look at: Energy & Transportation segment revenue growth in oil and gas applications, full year 2025 vs 2024
It came true if: Full year 2025 oil and gas revenue growth positive but modest, roughly 1%-8% year-over-year
Where: Company 10-K / Q4 earnings release, Energy & Transportation segment disclosure (oil and gas application revenue commentary)
In context
“ns high and the age of the fleet remains elevated. We also continue to see growing demand and customer acceptance of our autonomous solutions. We believe the evolving energy landscape will support increased commodity demand over time, providing further opportunities for long-term profitable growth. And finally, in Energy & Transportation. The backlog growth was driven by robust order activity in power generation, oil and gas, and transportation. We expect full year growth for power generation as demand remains strong for both prime and backup power applications driven by increasing energy demands to support data center growth, related to cloud computing and generative AI. We continue to stay close to our largest data center customers and receive regular feedback on their long-term demand. In oil and gas, we expect moderate growth in 2025. For reciprocating engine and services, we continue to expect softness in well servicing due to ongoing capital discipline by our customers, industry consolidation and efficiency improvements in our customers' operations. We do see positive momentum in demand for reciprocating engines used in gas compression applications. Solar Turbines oil and gas backlog remains strong, and we see healthy order and inquiry activity. With our investment to increase large engine capacity and process, we're continuously improving manufacturing throughput to meet customer needs across a broad range of applications. Demand for products and industrial applications is expected to improve from previous lows and transportation is expected to remain stable. Before turning the call over to Andrew, I want to briefly”
Verify independently
SEC filings for CAT ↗ · Claim quote is verbatim from the 2025Q2 earnings call.