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 Q1 2023

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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.

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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) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.15 per share a year ago.

Baker Hughes (BKR) Beats Q1 Earnings and Revenue Estimates

Baker Hughes Incorporated (NYSE:BHI) has reported a surge in first-quarter earnings as a favourable macroeconomic backdrop resulted in strong demand for its oilfield services and energy technology. The company attributed the performance partly to its Industrial & Energy Technology (IET) and Subsea & Surface Pressure Systems (SSPS) business segments.

Baker Hughes reports earnings surge as sales climb in “unique” environment

Fellow oil field service firms SLB, formerly Schlumberger, and Halliburton report next. The post Baker Hughes Stock: Oil Field Services Giant Tops Earnings Views, Leads Off Industry Reports appeared first on Investor's Business Daily.

Baker Hughes Stock: Oil Field Services Giant Tops Earnings Views, Leads Off Industry Reports

Baker Hughes Co. BKR, +1.20% reported Wednesday first-quarter profit and revenue that rose above expectations, amid strength in its oilfield services and equipment business. The oil services company's stock was little changed in the premarket.

Baker Hughes beats profit and revenue expectations, amid strength in oilfield services and equipment orders

HOUSTON and LONDON, April 19, 2023 (GLOBE NEWSWIRE) -- Baker Hughes Company (Nasdaq: BKR) ("Baker Hughes" or the "Company") announced results today for the first quarter of 2023.

Baker Hughes Company Announces First Quarter 2023 Results

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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 Increases for Two Straight Weeks

Baker Hughes BKR, -1.58% on Friday reported that the number of active U.S. rigs drilling for oil fell for a third week in a row, down by two to 588 this week. The total active U.S. rig count, which includes those drilling for natural gas, declined by three to 748, according to Baker Hughes.

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

Baker Hughes (BKR) expects revenues of $14.5-$15.5 billion from the Oilfield Services and Equipment unit in 2023, indicating an increase from the $13.2 billion reported in 2022.

Here's Why it is Worth Investing in Baker Hughes (BKR) Stock

Baker Hughes BKR on Friday reported that the number of active U.S. rigs drilling for oil fell for a second week in a row, down by two to 590 this week. The data came out a day earlier than usual given that most U.S. markets will be closed for Good Friday.

Baker Hughes reports a second straight weekly fall in active U.S. oil-drilling rigs

Baker Hughes (BKR) will conduct the packaging, manufacturing and testing of the gas turbine/compressor trains at its Gas Technology facilities in Italy.

Baker Hughes (BKR) Gets Order to Supply MRCs for NFS Project

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Baker Hughes slipped as oil prices fell. Zscaler shares pulled back despite a strong earnings report.

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In its weekly release, Baker Hughes Company (BKR) reports that the count of oil and gas rigs plummets after increasing for two straight weeks.

Permian Oil Rig Count Falls After 2-Straight Week of Increase

Baker Hughes (BKR) to supply essential LNG liquefaction equipment for the Port Arthur LNG Phase I Project by Sempra Infrastructure.

Baker (BKR) Secures Contract for Port Arthur Phase I Project

HOUSTON and LONDON, April 03, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday an order to be booked in the first quarter of 2023 with longtime partner QatarEnergy to supply two main refrigerant compressors (MRCs) for the North Field South (NFS) project, which will be executed by Qatargas. The MRCs are part of two LNG “mega trains” representing 16 million tons per annum (MTPA) of additional capacity that is estimated to further boost Qatar's LNG production capacity to 126 MTPA, helping to propel Qatar as a leader in global LNG production by 2027.

Baker Hughes Announces Major LNG Order from QatarEnergy for the North Field South (NFS) Project

HOUSTON and LONDON, March 27, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday it has been awarded an order by Bechtel to supply two Main Refrigerant Compressors (MRCs) for Sempra Infrastructure's Port Arthur LNG Phase 1 project in Jefferson County, Texas, following the positive Final Investment Decision (FID) announced March 20.

Baker Hughes to Supply Liquefaction Trains for Sempra Infrastructure's Port Arthur LNG Phase 1 Project

Baker Hughes BKR, +0.67% on Friday reported that the number of active U.S. rigs drilling for oil rose by four to 593 this week. That followed declines in each of the past five weeks.

Baker Hughes reports a weekly rise in active U.S. oil-drilling rigs

As part of the agreement with Oqton, Baker Hughes (BKR) is incorporating Oqton's MOS into its workflow, including its additive manufacturing solutions developed for vertical applications over the last 10 years.

Baker Hughes (BKR) to Offer Additive Manufacturing Solutions

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

Permian Oil Rig Count Falls for 4 Straight Weeks

HOUSTON and LONDON, March 13, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) will hold a webcast on Wednesday, April 19, 2023, to discuss the results for the first quarter ending March 31, 2023. The webcast is scheduled to begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). A press release announcing the results will be issued at 7 a.m. Eastern Time (6 a.m. Central Time).

Baker Hughes Announces Date for First Quarter 2023 Earnings Release and Webcast

Baker Hughes BKR, -2.23% on Friday reported that the number of active U.S. rigs drilling for oil fell by two to 590 this week. That followed declines in each of the past three weeks.

Baker Hughes data show a 4th straight weekly decline in active U.S. oil-drilling rigs

Baker Hughes (BKR) and HIF Global plan to examine the Mosaic Materials technology of the former to enhance DAC deployment at a commercial scale.

Baker Hughes (BKR) to Develop DAC Technology With HIF Global

HOUSTON, March 07, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, and HIF Global, the world's leading eFuels company, announced Tuesday their agreement to cooperate on the development of technology to capture carbon dioxide directly from the atmosphere (“CO2 Direct Air Capture” or “DAC”). More specifically, HIF Global and Baker Hughes intend to test Baker Hughes' Mosaic DAC technology pilot units to accelerate DAC deployment at commercial scale.

Baker Hughes and HIF Global to Collaborate on Direct Air Capture Technology

In its weekly release, Baker Hughes Company (BKR) reports that the count of oil and gas rigs decreases in two straight weeks.

Permian Oil Rig Count Falls for 2 Straight Weeks

HOUSTON, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, has been awarded a major contract to provide subsea equipment and services by Azule Energy for work in the Agogo oilfield, offshore Angola. This award represents the first major new greenfield project awarded in offshore Angola in more than five years.

News for Baker Hughes Co Stock (BKR)