Baker Hughes Co

Baker Hughes Co. is a holding company. The firm engages in the provision of oilfield products, services, and digital solutions. It operates through the following segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS) and Digital Solutions (DS). The OFS segment provides products and services for on and offshore operations across the lifecycle of a well, ranging from drilling, evaluation, completion, production, and intervention. The OFE segment provides a broad portfolio of products and services required to facilitate the safe and reliable flow of hydrocarbons from the subsea wellhead to the surface production facilities. The TPS segment provides equipment and related services for mechanical-drive, compression and power-generation applications. The DS segment provides operating technologies helping to improve the health, productivity, and safety of asset intensive industries and enable the Industrial Internet of Things. The company was founded in April 1987 and is headquartered in Houston, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Baker Hughes reports strong Q4 earnings, eyes new energy growth

Baker Hughes Co (BKR) delivered a strong Q4 performance with significant revenue and order growth, focusing on cost savings and new energy opportunities.
Guidance for 2023 includes revenue and adjusted EBITDA expectations, with a strategic focus on driving value through growth initiatives.
Challenges include margin pressures in the IET segment and the need to rationalize subsea capacity, while opportunities lie in new energy sectors and cost optimization.
Management changes aim to enhance growth in digital services and climate technology solutions, positioning the company for future success.

Baker Hughes Co (BKR) reports robust Q1 performance and optimistic outlook

Baker Hughes Co (BKR) delivered a strong performance in Q1 2023, focusing on operational transformation, cost-out initiatives, and reshaping into two business segments. The company remains optimistic about Energy Services and Baker Hughes, highlighting order momentum, operating results, and free cash flow generation.

Baker Hughes Co (BKR) reports strong Q2 performance and eyes LNG and New Energy opportunities

Baker Hughes Co (BKR) had a robust Q2 2023, showcasing operational strength and a focus on energy transition. While facing challenges like commodity price volatility and regional performance variations, the company is well-positioned to capitalize on LNG and New Energy opportunities. With a strong emphasis on cost productivity and sustainability, BKR aims to drive higher margins and meet its net-zero emissions goal by 2050.

Baker Hughes excels in Q3, eyes new energy growth opportunities

Baker Hughes Co's Q3 performance reflects strong financials, operational excellence, and strategic clarity amidst market challenges and opportunities.
The company's focus on margin improvements, new energy sectors, and shareholder value enhancement underscores a proactive and growth-oriented approach.
While challenges exist in the energy transition landscape, Baker Hughes is well-positioned to navigate complexities and capitalize on emerging trends.
Overall, Baker Hughes' performance, strengths, and opportunities position it as a resilient player in the evolving energy market landscape.

Baker Hughes achieves record-setting 2023 performance, eyes growth opportunities

Baker Hughes delivered exceptional financial performance in 2023, setting new records and demonstrating strong operational improvements. Despite challenges in North America, the company remains optimistic about the LNG market and is ramping up New Energy orders. With a focus on cost efficiency and margin improvement, Baker Hughes is poised for solid revenue growth and margin expansion in 2024.

Baker Hughes excels in Q1, eyes LNG growth and new energy solutions

Baker Hughes reports robust Q1 performance, confident in full-year guidance. Strong focus on new energy solutions and growth in LNG demand. Challenges include slower start in OFSE and global market uncertainties.

Baker Hughes excels in Q2 with strong margins and growth opportunities

Baker Hughes showcased exceptional operational and financial performance in Q2, with strong margins and free cash flow. While facing challenges in global upstream spending, the company is well-positioned to capitalize on opportunities in LNG markets and New Energy projects. Continued focus on margin improvement and sustainable growth underpins Baker Hughes' positive outlook.

Baker Hughes excels in Q3, eyes growth in energy technologies

Baker Hughes' Q3 performance underscores its operational strength and growth momentum, with a focus on margin enhancement and shareholder value. The company's strategic emphasis on technology development and market positioning bodes well for future success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Baker Hughes Co. is a holding company, which engages in the provision of oilfield products, services, and digital solutions. It operates through the Oilfield Services and Equipment (OFSE) and industrial and Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides services for onshore and offshore oilfield operations. The IET segment combines expertise, technologies, and services for industrial and energy customers including on and off-shore, LNG, pipeline and gas storage, refining, petrochemical, distributed gas, flow and process control, and industrial segments such as nuclear, aviation, automotive, marine, food and beverage, mining, cement and utilities. The company was founded in April 1987 and is headquartered in Houston, TX.

ConocoPhillips

Coterra Energy

Chevron

Devon Energy

EOG Resources

Halliburton

Marathon Petroleum

Marathon Oil

Phillips 66

Targa Resources

Valero Energy

Energy Select Sector SPDR Fund

The most important element of corporate stock buybacks is the reduction in the share count.

Energy stocks are still cheap. These 13 make effective use of stock buybacks.

Dublin, Nov. 18, 2024 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: Baker Hughes 2024" company profile has been added to ResearchAndMarkets.com's offering. The report provides information and insights into Baker Hughes' tech activities, including:

Baker Hughes Digital Transformation Strategy and Innovation Programs 2024

During Donald Trump's presidential campaign, he told Republican convention goers that during his administration, the energy sector would benefit from policies that encourage oil companies to produce more, lowering gas prices.

2 Top Energy Stocks To Own During Trump's Presidency

BKR is experiencing robust growth in its new energy segment, underscoring its expanding footprint in energy transition technologies.

Here's Why Hold Strategy is Apt for Baker Hughes Stock

BAKU, Azerbaijan, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, and SOCAR announced Thursday the signing of a contract for an integrated gas recovery and hydrogen sulfide (H2S) removal system that will significantly reduce downstream flaring at SOCAR's Heydar Aliyev Oil Refinery in Baku, Azerbaijan. The contract was signed at COP29 in Baku, in the presence of Baker Hughes Chairman and CEO Lorenzo Simonelli and SOCAR President Rovshan Najaf.

Innovative Baker Hughes Emissions Abatement Solution Chosen to Reduce Routine Flaring at SOCAR's Baku Oil Refinery

HOUSTON--(BUSINESS WIRE)--Woodside Energy, Baker Hughes and Bechtel have teamed up to go the distance and raise money for United Way of Greater Houston in a tricycle race. The race raised $150,000 for United Way and featured executives and racing teams from each of the three companies and United Way. “Houston is home to our international business and we're proud to give back to the community through United Way of Greater Houston,” said Woodside Executive Vice President & Chief Operating Off.

Woodside Teams up With Baker Hughes and Bechtel to Pedal for a Purpose

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Here's Why Baker Hughes (BKR) is a Strong Value Stock

United States Brent Oil Fund LP

Invesco DB Oil Fund

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares

iShares U.S. Oil & Gas Exploration & Production ETF

VanEck Vectors Oil Services ETF

iPath Pure Beta Crude Oil ETN

Invesco Dynamic Oil & Gas Services ETF

ProShares Ultra Bloomberg Crude Oil

United States Oil Fund LP

SPDR S&P Oil & Gas Exploration & Production ETF

Oil stocks are trading cautiously, giving up some of their initial gains from Wednesday in the wake of former President Trump's election victory, as concerns grow that benefits the energy sector may reap from a friendly Trump administration could get offset by its policies.

What A Trump Victory Means For Oil Prices and Stocks

Baker Hughes (BKR) is a Top-Ranked Growth Stock: Should You Buy?

Exxon Mobil

Trump went all-in on oil during his campaign.

These Energy Stocks are Surging the Most on the Trump Victory

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Black & Veatch, a global liquefied natural gas (LNG) infrastructure solutions leader, has announced from ADIPEC 2024 a collaboration agreement with Baker Hughes, an energy technology company, to utilize Baker Hughes' LM9000 gas turbine and compression technology with Black & Veatch's industry leading PRICO® liquefaction technology as another offering for clients seeking mid-scale LNG solutions. The collaboration aims to bring a standard.

Black & Veatch Announces Collaboration with Baker Hughes on Standard LNG Solution Utilizing PRICO® Technology at ADIPEC 2024

U.S. energy firms kept the number of oil and natural gas rigs operating unchanged for a second week in a row, energy services firm Baker Hughes said in its closely followed report on Friday.

US oil and gas rig count unchanged this week, Baker Hughes says

The oil & gas sector is experiencing significant momentum, but still lags the S&P 500 on a YTD basis. I explore US energy picks in a Trump Vs. Harris analysis. Reflexive patterns in revenue, earnings per share, and free cash flow indicate robust financial health and value. The investment thesis is that there may be increased demand for drilling both domestically [US] and Internationally on the horizon.

Baker Hughes: A Possible Rise In Drilling Activity Could Boost Oil & Gas Equipment Demand

Petroleo Brasileiro

Oilfield services company Baker Hughes announced an agreement on Monday to supply Petrobras with 77 kilometers (47.85 miles) of flexible pipe systems for Brazil's pre-salt fields in the Santos Basin.

Baker Hughes to supply pipe systems to Brazil's Petrobras

HOUSTON and LONDON, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday significant contracts with Petrobras to provide 77 km of flexible pipe systems to be deployed in Brazil's pre-salt fields. The agreement was signed Oct. 15, 2024, following an open tender.

Baker Hughes Awarded Contracts to Supply Petrobras with Flexible Pipe Systems, Associated Services across Several Fields

Archrock

Smart Sand

Strict capital discipline by upstream energy companies is acting as a dampener, making the outlook for the Zacks Oil and Gas- Field Services industry gloomy. BKR, AROC and SND are expected to survive the industry challenges.

3 Oilfield Services Stocks Set to Escape Industry Weakness

Baker Hughes Company reported mixed Q3 results, with strong backlog and improved margins, but lower orders raise concerns about future growth. The company's financial position is solid with $2.66B in cash and $6B in long-term debt, and operating income covers interest expenses tenfold. LNG growth is a major future catalyst, with management expecting significant demand increases, but short-term uncertainties remain, especially around regulatory issues.

Baker Hughes Q3 Results: Decent Performance, But I Am Cautious For Now

Baker Hughes Company (NASDAQ:BKR ) Q3 2024 Earnings Conference Call October 23, 2024 9:30 AM ET Company Participants Chase Mulvehill - VP, IR Lorenzo Simonelli - Chairman & CEO Nancy Buese - CFO Conference Call Participants David Anderson - Barclays Scott Gruber - Citigroup Stephen Gengaro - Stifel James West - Evercore ISI Saurabh Pant - Bank of America Marc Bianchi - TD Cowen Operator Good day, ladies and gentlemen, and welcome to the Baker Hughes Company Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

Baker Hughes Company (BKR) Q3 2024 Earnings Call Transcript

Baker Hughes on Wednesday forecast continued pretax margin gains in the fourth quarter and next year after beating Wall Street estimates for its third-quarter profit.

Baker Hughes forecasts higher margins on strong order backlog

BKR's Q3 earnings benefit from higher contributions from Oilfield Services and Equipment and the Industrial & Energy Technology business units, driven by margin expansion.

Baker Hughes Q3 Earnings Beat Estimates, Revenues Miss

Baker Hughes (BKR) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.42 per share a year ago.

Baker Hughes (BKR) Q3 Earnings Beat Estimates

Baker Hughes beat Wall Street estimates for third-quarter profit on Tuesday, helped by sustained demand for its drilling equipment and oilfield technology in international markets.

Baker Hughes tops profit estimates on international drilling demand

Third-quarter highlights Orders of $6.7 billion , including $2.9 billion of IET orders. RPO of $33.4 billion , including record IET RPO of $30.2 billion.

Baker Hughes Company Announces Third-Quarter 2024 Results

Here's Why Baker Hughes (BKR) is a Strong Growth Stock

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

News for Baker Hughes Co Stock (BKR)