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 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.

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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.

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

Permian Oil Rig Count Up After 3 Straight Weeks of Fall

Baker Hughes BKR, +1.82% on Friday reported that the number of active U.S. rigs drilling for oil rose by 10 to 609 this week. That followed declines in each of the three previous weeks.

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

: In its weekly release, Baker Hughes Company (BKR) reports that since June 2020, the upstream energy players have cut the count of oil and gas rigs by the most.

Permian Oil Drilling Rig Count Up in 4 of 10 Weeks

Baker Hughes BKR, +0.32% on Friday reported that the number of active U.S. rigs drilling for oil fell by 10 to 599 this week. That followed declines in each of the two previous weeks.

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

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Investing in Baker Hughes could be profitable for those who believe in the oil industry's long-term sustainability. Shares are not expensive currently.

Baker Hughes: A Reliable Performer Still Off Its Peak

Halliburton stock and other leading oilfield service plays show strength coming off of earnings, with optimistic outlooks for 2023. The post Halliburton Stock, Baker Hughes And SLB Plan Return 50% (Or More) to Investors appeared first on Investor's Business Daily.

Halliburton Stock, Baker Hughes And SLB Plan Return 50% (Or More) to Investors

FLORENCE, Italy, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) announced Monday a memorandum of understanding (MoU) with Fortescue Future Industries (FFI) to jointly explore potential opportunities for the scale up and adoption of novel technology solutions for green hydrogen, green ammonia and geothermal projects. The companies see new pathways to accelerate the energy transition thanks to their respective expertise and portfolio of technologies on new projects.

Baker Hughes and Fortescue Future Industries to Collaborate on Exploring Green Hydrogen and Geothermal Projects

FLORENCE, Italy, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced at its Annual Meeting in Florence, Italy, the introduction of multiple new digital solutions and investments to advance more intelligent and energy-efficient operations. The result of detailed research conducted with oil and gas, heavy industry and broader industrial customers and partners, the solutions focus on improving efficiency and performance while reducing emissions, helping to drive the long-term sustainability of customer operations.

Baker Hughes Unveils New Digital Solutions for More Intelligent Operations and Cleaner Energy

If management can hit its restructuring goals and a long cycle of investment in the industry plays out, then this equipment and services company is set to benefit.

1 Energy Stock to Buy Hand Over Fist

The stock advanced more than 6% for the week, as of January 26. The broader large-cap energy sector, as tracked by the Energy Select Sector SPDR Fund (NYSEARCE: XLE), is up 2.87% in January.

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Baker Hughes bkr on Friday reported that the number of active U.S. rigs drilling for oil fell by four to 609 this week. That followed a decline of 10 in the previous week.

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

Baker Hughes Company (NASDAQ:BKR ) Q4 2022 Results Conference Call January 23, 2023 8:30 AM ET Company Participants Jud Bailey - Vice President of Investor Relations Lorenzo Simonelli - Chairman and CEO Nancy Buese - CFO Conference Call Participants James West - Evercore ISI Scott Gruber - Citi Chase Mulvehill - Bank of America Arun Jayaram - JPMorgan Dave Anderson - Barclays Marc Bianchi - Cowen Operator Good day, ladies and gentlemen, and welcome to the Baker Hughes Company Fourth Quarter and Full Year 2022 Earnings Call [Operator Instructions]. As a reminder, this conference call is being recorded.

Baker Hughes Company (BKR) Q4 2022 Earnings Call Transcript

Higher costs and expenses hurt Baker Hughes' (BKR) earnings in Q4.

Baker Hughes (BKR) Misses on Q4 Earnings, Reorganizes Segments

: In its weekly release, Baker Hughes Company (BKR) reports that the total U.S. rig count is up in seven of the prior 12 weeks.

Permian Oil Drilling Rig Count Up in 4 of the Past 6 Weeks

Baker Hughes (BKR) delivered earnings and revenue surprises of -7.32% and 2.55%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Baker Hughes (BKR) Misses Q4 Earnings and Revenue Estimates

Baker Hughes edged up early Monday as oilfield service industry stocks are in the midst of a rally. The post Baker Hughes Stock Teases Buy Point On 2023 Oil Optimism, Despite Q4 Miss appeared first on Investor's Business Daily.

Baker Hughes Stock Teases Buy Point On 2023 Oil Optimism, Despite Q4 Miss

Shares of Baker Hughes Co. BKR, +1.90% were up more than 2% in premarket trading Monday after the energy company fell short of expectations with its latest revenue and earnings numbers but said it had record orders of $8.0 billion for the fourth quarter. Baker Hughes reported fourth-quarter net income of $182 million, or 18 cents a share, compared with $294 million, or 32 cents a share, in the year-prior quarter.

Baker Hughes earnings, revenue come up shy of estimates

Baker Hughes Co missed a fourth-quarter profit estimate on Monday as the oilfield services firm navigated challenges including component shortages, supply chain inflation and disruptions caused by Russia's invasion of Ukraine.

Oilfield firm Baker Hughes misses fourth-quarter Wall St. profit estimate

LONDON and HOUSTON, Jan. 23, 2023 (GLOBE NEWSWIRE) -- Baker Hughes Company (Nasdaq: BKR) ("Baker Hughes" or the "Company") announced results today for the fourth quarter and total year 2022.

Baker Hughes Company Announces Fourth Quarter and Total Year 2022 Results

Baker Hughes BKR, +1.12% on Friday reported that the number of active U.S. rigs drilling for oil fell by 10 to 613 this week. That followed an increase of five oil rigs in the previous week.

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

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Shortly after Thursday's opening bell, the Dow Jones industrials traded down 0.57%, the S&P 500 was down 0.66% and the Nasdaq was 0.93% lower.

News for Baker Hughes Co Stock (BKR)