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

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Earnings data Q1 2022

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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.

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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.

Baker Hughes BKR, +3.55% on Friday reported that the number of active U.S. rigs drilling for oil fell by 15 to 555 this week. That marked a fifth straight week of declines in the number of oil rigs.

Baker Hughes data show a weekly drop of 15 active U.S. oil-drilling rigs

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In its weekly release, Baker Hughes Company (BKR) reports that the count of oil and gas rigs is down for four straight weeks.

Permian Oil Rig Count Rises After 3 Straight Weeks of Fall

Baker Hughes Company is a solid bet for the long term, given the strong growth they have had and expect to continue having. The market they are in is volatile, but BKR seems to have been able to navigate it quite effectively.

Baker Hughes: Impressive Quarter Doesn't Make It A Buy Just Yet

The U.S. oil and gas rig count fell by 44 this month, in the biggest drop in three years, after energy firms this week cut rigs for a fourth week in a row, energy services firm Baker Hughes Co said in its closely followed report on Friday.

US oil & gas rigs fall in May by most in a month since 2020 - Baker Hughes

Baker Hughes BKR, +0.20% on Friday reported that the number of active U.S. rigs drilling for oil fell by 5 to 570 this week. That marked a fourth straight week of declines in the number of oil rigs.

Baker Hughes data show a fourth straight weekly fall in active U.S. oil-drilling rigs

Risks to U.S. production and an expected spike in demand have failed to rally prices for natural gas, which have dropped by nearly half so far this year.

Natural-gas prices have dropped by nearly half this year, despite output risks and higher demand prospects

In its weekly release, Baker Hughes Company (BKR) reports that the count of oil and gas rigs is down for three straight weeks.

Permian Oil Rig Count Decreases for Three Straight Weeks

ATOME Energy has received a cash injection of £2.4mln from US engineering giant Baker Hughes and also announced plans to pivot its Viletta green hydrogen plant to produce fertiliser. Baker Hughes is taking a 6.6% stake in AIM-listed ATOME and will become its largest shareholder by purchasing 2.53mln new shares at 95p, a small premium to Friday's close.

ATOME Energy pivots to fertiliser production as Baker Hughes takes stake

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U.S. energy firms this week cut 11 oil rigs, the most in a week since September 2021, energy services firm Baker Hughes Co said in its closely followed report on Friday.

US drillers cut most oil rigs in a week since Sept. 2021 - Baker Hughes

Baker Hughes BKR, +0.23% on Friday reported that the number of active U.S. rigs drilling for oil fell by 11 to 575 this week. That marked a third straight week of declines in number of oil rigs.

Baker Hughes data show active U.S. oil-drilling rigs down a third straight week

Baker Hughes (BKR) reported earnings 30 days ago. What's next for the stock?

Why Is Baker Hughes (BKR) Down 6.4% Since Last Earnings Report?

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Baker Hughes BKR, +1.05% on Friday reported that the weekly number of active U.S. rigs drilling for oil fell by two to 586 this week. The number of oil rigs had fallen by three in the previous week.

Baker Hughes data show a second-weekly fall in active U.S. oil-drilling rigs

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Baker Hughes BKR on Friday reported that the weekly number of active U.S. rigs drilling for oil climbed for the first time in four weeks, up by three to 591 this week. The total active U.S. rig count, which includes those drilling for natural gas, climbed by five to 753, according to Baker Hughes.

Baker Hughes data show a weekly climb in active U.S. oil-drilling rigs

As odd as it may sound, Baker Hughes (NASDAQ: BKR) is a high-yield play on electrification. The company is an oilfield services provider, a company you'd think would be put out of business by the shift toward electrification.

Baker Hughes Is A High-Yield Play On Electrification

Baker Hughes Company (BKR) Q1 2023 Earnings Call Transcript

Higher contributions from the Oilfield Services and Equipment, and Industrial & Energy Technology business units aid Baker Hughes' (BKR) earnings in Q1.

News for Baker Hughes Co Stock (BKR)