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 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 total U.S. rig count is up in six of the prior seven weeks.

Permian Oil Drilling Rig Count Rises in 7 of Prior 11 Weeks

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

Permian Oil Drilling Rig Count Rises in 6 of Prior 10 Weeks

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After months of dismal performance, the U.S. stock market climbed in October, with the energy sector recording the largest increase.

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Baker HughesBKR on Friday reported that the number of active U.S. rigs drilling for oil rose by one to 623 this week. That followed an increase of nine in the previous week, and is a third straight weekly rise.

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

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

Baker Hughes (BKR) Up 15% Since Last Earnings Report: Can It Continue?

PARIS--( BUSINESS WIRE )--Technip Energies (Paris:TE) (ISIN:NL0014559478) and Baker Hughes (NASDAQ: BKR), two leading energy technology companies, announced Thursday a Memorandum of Understanding (MoU) that sets the groundwork for their cooperation on the joint development of a new above 1 and up to 2 million tons per annum (MTPA) range liquefied natural gas (LNG) modularized solution for the onshore market.

Technip Energies and Baker Hughes to Collaborate on a 1 to 2 MTPA Range Modularized LNG Solution

HOUSTON and LONDON , Nov. 16, 2022 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) will hold a webcast on Monday, Jan. 23, 2023, to discuss the results for the fourth quarter and full year ending Dec. 31, 2022. 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 Fourth Quarter and Full-Year 2022 Earnings Release and Webcast

Baker Hughes Company (NASDAQ: BKR) is an energy technology company that provides solutions to the energy and industrial industries in over 120 countries.

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Baker Hughes BKR, +1.67% on Friday reported that the number of active U.S. rigs drilling for oil rose by nine to 622 this week. That followed an increase of three in the previous week.

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

Russian President Vladimir Putin has signed a decree allowing Russian company Nefteservisnie Tekhnologii to acquire U.S. oilfield services provider Baker Hughes' Russian assets, a Russian government document published on Friday showed.

Putin signs decree allowing acquisition of Baker Hughes Russian assets

FORNEBU, Norway , Nov. 4, 2022 /PRNewswire/ -- Reference is made to the stock exchange notice by Akastor ASA (OSE: AKAST) of 26 January 2022 regarding the placement of a USD 150 million senior secured bond issue with a tenor of 3 years by Akastor's 50% owned affiliate HMH Holding B.V. ("HMH") The bond loan will be listed on Oslo Børs as of today (ISIN NO0012428996).

Akastor ASA: Listing of USD 150m bond loan by HMH

The medium-term outlook for oil and gas equipment and services companies remains positive.

This Energy Stock Is Set to Soar

HOUSTON and LONDON, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) announced today that the Baker Hughes Board of Directors declared an increased quarterly cash dividend of $.19 per share of Class A common stock payable on November 18, 2022, to holders of record on November 7, 2022. The dividend increase reflects a 5.5% growth rate, or $.01, over the previous quarter's dividend.

Baker Hughes Declares Increased Quarterly Dividend and Upsized Share Repurchase Authorization

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Higher contributions from the Oilfield Services business unit aid Baker Hughes' (BKR) earnings in Q3.

Baker Hughes (BKR) Q3 Earnings Beat Estimates, Revenues Miss

Baker Hughes Company (NASDAQ:BKR ) Q3 2022 Earnings Conference Call October 19, 2022 8:30 AM ET Company Participants Jud Bailey - Vice President, Investor Relations Lorenzo Simonelli - Chairman and Chief Executive Officer Brian Worrell - Chief Financial Officer Conference Call Participants James West - Evercore Chase Mulvehill - Bank of America Arun Jayaram - JPMorgan Marc Bianchi - Cowen Neil Mehta - Goldman Sachs Dave Anderson - Barclays Operator Good day, ladies and gentlemen and welcome to Baker Hughes Company Third Quarter 2022 Earnings Call. [Operator Instructions] As a reminder, this conference call is being recorded.

Baker Hughes Company (BKR) Q3 2022 Earnings Call Transcript

Oilfield services firm Baker Hughes Co said on Wednesday Nancy Buese will take over as chief financial officer, effective Nov. 2, replacing Brian Worrell.

Baker Hughes taps Newmont's Nancy Buese as CFO

HOUSTON and LONDON, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) has announced Nancy Buese as Chief Financial Officer (CFO) effective November 2, 2022. Buese brings more than 30 years of financial and leadership experience to the role, previously serving as EVP & CFO of global mining company Newmont Corporation from 2016 until earlier this year.

Baker Hughes Names Nancy Buese as Chief Financial Officer

Shares of Baker Hughes Co. BKR, +1.04% rose 0.9% in premarket trades Wednesday after the drill bit maker beat its adjusted earnings target. Baker Hughes reported a third-quarter loss of $17 million, or 2 cents a share, after net income of $8 million, or a penny a share, in the year-ago period.

Baker Hughes Co. posts loss but adjusted profit beats target

Baker Hughes Co posted a quarterly loss on Wednesday, compared with a profit a year ago, hit by $230 million in restructuring and impairment charges related to the oilfield services provider's latest reorganization.

Oilfield services provider Baker Hughes posts loss on charges

LONDON and HOUSTON, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Baker Hughes Company (Nasdaq: BKR) ("Baker Hughes" or the "Company") announced results today for the third quarter of 2022.

Baker Hughes Company Announces Third Quarter 2022 Results

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Higher oil price is likely to have aided Baker Hughes' (BKR) oilfield service business in Q3.

What's in the Offing for Baker Hughes' (BKR) Q3 Earnings?

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The three major U.S. equity indexes closed sharply lower on Friday, giving up the gains posted Thursday when the consumer price index report was interpreted as good news.

News for Baker Hughes Co Stock (BKR)