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GE Vernova LLC
NYSE:GEV

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GE Vernova LLC
NYSE:GEV
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Price: 625.3 USD 0.55% Market Closed
Market Cap: 169.7B USD

GE Vernova LLC
Investor Relations

Once an essential part of the industrial conglomerate General Electric, GE Vernova LLC has embarked on a compelling journey as a standalone entity, focused primarily on the dynamic domains of energy transition and electrification. As the world gravitated more intensely towards sustainable energy solutions, GE saw an opportunity to leverage its expertise in energy technologies. Thus, Vernova was born, emerging as a force to reckon with in the realms of renewable energy, gas power, and grid-enhancing technologies. By employing cutting-edge technology and innovation, the company seeks to address the critical challenges of energy efficiency and sustainability. Its primary revenue streams flow from manufacturing and servicing wind turbines, gas turbines, and grid solutions, ensuring that electricity flows smoothly from providers to consumers while minimizing environmental impact.

Vernova's strategic edge lies in its comprehensive approach to energy solutions, catering to both traditional and renewable energy needs. The company harnesses the power of its extensive research capabilities to innovate in areas such as hydrogen fuels and carbon capture technologies, solidifying its role as a crucial player in the energy sector. This combination of diversification and innovation is at the core of Vernova's business model, allowing it to maintain and grow its market share. By focusing on long-term energy projects and service agreements, Vernova not only ensures continuous operational revenue but also secures its position in the ongoing global energy transition. Its commitment to integrating sustainable practices with existing energy infrastructures illustrates a savvy navigation of the current energy landscape, poised to meet both today's demands and tomorrow's needs.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 22, 2025
AI Summary
Q3 2025

Prolec GE Acquisition: GE Vernova will acquire the remaining 50% of Prolec GE for $5.275 billion, funded equally with cash and debt. The deal is expected to close by mid-2026 and will be immediately accretive to EBITDA before synergies.

Financial Performance: GE Vernova reported strong Q3 results with 10% organic revenue growth, a 600 basis point expansion in adjusted EBITDA margin to 8–9%, and positive free cash flow of about $730 million.

Backlog & Orders: Orders surged 55% year-on-year to $14.6 billion, driving total backlog up to $135 billion. Equipment backlog rose to $54 billion, and services backlog to $81 billion.

Guidance Reaffirmed: The company reaffirmed 2025 guidance, expecting revenue at the high end of $36–37 billion, adjusted EBITDA margin at 8–9%, and free cash flow between $3–3.5 billion.

Electrification Momentum: Electrification segment revenue grew 32% with EBITDA margin expanding to 15.1%. Orders more than doubled, and full-year organic revenue growth is now expected to trend towards 25%.

Power Segment Strength: Power orders rose 50% and revenue increased 14%. EBITDA margin for Power reached 13.3%, and full-year organic revenue growth is expected at 6–7%.

Wind Challenges: Wind revenue declined 9% due to prior year settlements and ongoing softness in onshore equipment orders; full-year wind revenue now expected to be down high single digits.

Strategic Outlook: The company continues to invest in R&D, capacity, AI, and automation, and maintains a disciplined capital allocation strategy—returning at least one-third of cash to shareholders.

Key Financials
Prolec GE Acquisition Price
$5.275 billion
Prolec GE Revenue (2025E)
$3 billion
Prolec GE EBITDA Margin
25%
Prolec GE Equipment Backlog (Q2 2025)
$4 billion
Total Orders (Q3 2025)
$14.6 billion
Book-to-Bill Ratio (Q3 2025)
1.5x
Total Backlog (Q3 2025)
$135 billion
Equipment Backlog (Q3 2025)
$54 billion
Services Backlog (Q3 2025)
$81 billion
Adjusted EBITDA (Q3 2025)
$811 million
Free Cash Flow (Q3 2025)
$730 million
Power EBITDA Margin (Q3 2025)
13.3%
Wind EBITDA Losses (2025E)
$400 million
Electrification Orders (Q3 2025)
$5.1 billion
Electrification EBITDA Margin (Q3 2025)
15.1%
Cash Balance (Q3 2025)
$8 billion
Year-to-Date Share Repurchases (Q3 2025)
$2.2 billion
Earnings Call Recording
Other Earnings Calls

Management

Mr. Scott L. Strazik
CEO & Director

Scott L. Strazik is a prominent business executive known for his leadership role as the CEO of GE Vernova, which is a division of General Electric (GE) focusing on energy and power services. Strazik has been instrumental in driving the company’s strategic direction, overseeing operations that include a diverse portfolio of energy assets aimed at advancing sustainable energy solutions globally. Prior to leading GE Vernova, Scott Strazik held significant positions within General Electric, contributing to the company's efforts in addressing global energy needs through innovation and efficiency. His work has seen him play critical roles in various GE segments, particularly within the GE Power and GE Gas Power businesses. His expertise in the industry and leadership acumen has made him a key figure in GE’s efforts to navigate the complex and evolving energy landscape. His educational background, paired with extensive experience in managing large-scale industrial operations, has equipped Strazik with the skills necessary to lead one of the world’s leading energy companies. Under his leadership, GE Vernova continues to focus on breakthrough technologies in renewable energy, electrification, decarbonization, and grid modernization.

Mr. Kenneth S. Parks
Chief Financial Officer

Kenneth S. Parks is the Chief Financial Officer (CFO) of GE Vernova LLC, a position he assumed in January 2023. GE Vernova is a division of General Electric focused on energy transformation, which encompasses power, renewable energy, and energy-related financial services. As CFO, Parks plays a crucial role in steering the financial strategy and operations of the company amid efforts to transform the global energy landscape. Before joining GE Vernova, Kenneth Parks built an impressive resume with extensive experience in financial leadership, including his tenure with various multi-national organizations. He served as CFO of Owens Corning, where he was instrumental in financial oversight and strategic initiatives. His experience also includes roles at other major companies such as Molson Coors Brewing Company, where he contributed to financial planning and reporting, and WellPoint (now Anthem), among others. Parks is known for his expertise in financial management, strategic planning, and operational efficiency. With a strong track record in handling financial operations in large-scale companies, his role at GE Vernova is vital as the company focuses on innovation and sustainability in the energy sector.

Ms. Rachel Ann Gonzalez Esq.
General Counsel

Rachel Gonzalez is an accomplished attorney and business executive known for her expertise in corporate governance and legal affairs. She serves as the General Counsel and Corporate Secretary for GE Vernova LLC, a key division of General Electric focusing on energy transition and renewable energy solutions. Prior to her role at GE Vernova, Rachel Gonzalez held various senior legal positions, including serving as General Counsel for Starbucks and Sabre Corporation. She has a strong background in managing complex legal issues, compliance, corporate governance, and regulatory matters across diverse industries. Gonzalez holds a degree in Comparative Literature from the University of California Berkeley and earned her Juris Doctor degree from the Boalt Hall School of Law. Her blend of legal acumen and business leadership is complemented by her commitment to diversity and inclusion within the legal profession and corporate environments. Her career is marked by a focus on strategic legal guidance, fostering sustainable business practices, and supporting initiatives that drive innovation in the energy sector.

Mr. Steven Baert
Chief People Officer

Steven Baert is a seasoned executive serving as the Executive Vice President and Chief People Officer at GE Vernova LLC. In his role, Baert is responsible for overseeing the company's global human resources strategy, including talent acquisition, leadership development, organizational transformation, and the cultivation of a diverse and inclusive workforce. Before joining GE Vernova, Steven Baert amassed extensive experience in human resources and leadership roles across various industries. He has a proven track record of driving cultural transformation and aligning talent strategies with business objectives. His leadership style emphasizes employee engagement, development, and effective change management. Baert holds a strong educational background with degrees in Business Administration and Human Resources Management, which have equipped him with the expertise to navigate complex organizational challenges. His career reflects a deep commitment to fostering innovative work environments that support both employee and organizational growth.

Ms. Maria Victoria Zingoni Dominguez
Chief Executive Officer of Power

Maria Victoria Zingoni Dominguez is a notable executive within the industrial and energy sectors. As of her recent role, she serves as the Chief Executive Officer at GE Vernova LLC, a prominent division of General Electric that focuses on the energy sector, including renewable energy technologies, power generation, and energy services. Zingoni has a wealth of experience in the energy industry, having spent a significant part of her career at Repsol, a major global energy company based in Spain. During her tenure at Repsol, she held various leadership positions and was instrumental in advancing the company's strategic initiatives, particularly in transitioning to more sustainable energy practices. Her educational background includes degrees in both industrial engineering and business administration, which have equipped her with a strong foundation for leading complex organizations in the energy sector. Known for her strategic vision and commitment to innovation, Maria Victoria Zingoni Dominguez is focused on driving GE Vernova's mission to lead in the transition to cleaner energy solutions and technologies, aligning with global sustainability goals. Her leadership style emphasizes collaboration, sustainability, and technological advancement, making her a pivotal figure in steering GE Vernova towards future growth and impact in the global energy landscape.

Ms. Jessica R. Uhl
President

Jessica R. Uhl is a notable business executive who was appointed the Chief Financial Officer (CFO) of GE Vernova, a unit of General Electric dedicated to the energy transition and renewable energy sectors. Before her role at GE Vernova, she had a distinguished career at Royal Dutch Shell, where she served as CFO from 2017 to 2022. During her tenure at Shell, she was recognized for her strong leadership in financial management and her focus on sustainability and energy transition strategies. Uhl's career at Shell spanned various roles in finance, including positions in Europe and North America, where she gained extensive experience in managing financial operations in the energy industry. She is known for her strategic insights, commitment to sustainability, and ability to navigate complex financial landscapes. Her leadership at GE Vernova is anticipated to further drive the company's objectives in fostering innovations within the energy sector. Jessica Uhl holds a notable presence in discussions about sustainable finance and energy transformation, contributing to both the corporate world and the broader discourse on energy and environmental responsibility.

Ms. Kristin Carvell
Chief Communications Officer

Kristin Carvell is the Chief Communications Officer at GE Vernova, which is the energy business sector of General Electric. In her role, she is responsible for leading communications strategies that support GE Vernova’s mission to accelerate the transition to more sustainable and reliable energy. Carvell plays a key role in managing the company's reputation, overseeing internal and external communications, brand management, and public relations efforts. Before her leadership role at GE Vernova, Kristin Carvell held various strategic communications positions, showcasing her expertise in global communications and marketing across multiple sectors within GE. Her career has been marked by a strong focus on innovation, technology, and sustainability within the energy sector. As a senior communications executive, Carvell is deeply involved in shaping and delivering the narrative around GE Vernova's efforts to drive decarbonization and improve energy efficiency, aligning with broader environmental and economic goals. Her contributions are crucial in connecting the company's vision with key stakeholders and the public.

Mr. Philippe Piron
Chief Executive Officer of Electrification Systems

Philippe Piron is a notable executive in the energy sector, known for his role at GE Vernova LLC. He currently serves as the President and CEO of GE Vernova, which focuses on GE’s portfolio of energy businesses. Before this, Piron held various leadership positions, notably within the energy and industrial domains, where he brought his extensive expertise to drive growth and innovation. His background is rich with experience in managing complex operations and leading strategic initiatives that have contributed significantly to the transformation and modernization of energy solutions. Under his leadership, GE Vernova aims to support the transition to more sustainable and efficient energy practices, leveraging cutting-edge technology and innovation to meet global energy needs. Piron’s leadership style is often characterized by a focused approach on sustainability and digital transformation, areas where he has been particularly influential in enhancing GE Vernova's strategic direction and operational efficiency.

Mr. Daniel Garceau
Chief Supply Chain Officer

As of the latest available information, Daniel Garceau serves as the President of the North America region for GE Vernova, a company segment focused on energy solutions under General Electric (GE). Daniel Garceau is an accomplished leader with extensive experience in the energy and industrial sectors. Before his role at GE, he held various leadership positions in different companies, which helped him develop a strong proficiency in engineering, operations, and management. His role at GE Vernova involves overseeing strategies and operations in the North American market to drive growth and innovation in energy solutions. He is known for his leadership capabilities and his focus on advancing sustainable energy technologies. Please note that details about executives can change, so it's always good to refer to official company announcements for the most current information.

Mr. Pablo M. Koziner
Chief Commercial Officer

Pablo M. Koziner is a senior executive with a notable career in the energy sector. He serves as the CEO of GE Vernova LLC's Aerospace division. Before this role, Koziner held various leadership positions in Caterpillar Inc., where he worked for many years, including President of Solar Turbines and Vice President of the Americas Distribution Services Division. His expertise spans across energy solutions, strategic growth, and business operations, particularly in the fields of energy and machinery. Koziner holds a strong educational background and is recognized for his contributions to energy innovation and sustainable practices within his field.

Contacts

Address
MASSACHUSETTS
Cambridge
58 Charles Street
Contacts
+16176747555
www.gevernova.com