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

Why Is Baker Hughes (BKR) Up 1.6% Since Last Earnings Report?

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US Oil & Gas Rig Tally Rises for 2 Straight Weeks: Here's Why

U.S. energy firms added the most oil rigs in a week since April as the total rig count more than doubled from a record low a year ago amid a recovery in crude prices.

U.S. drillers add most oil rigs in a week since April - Baker Hughes

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Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by 2 to 387 this week. The total active U.S. rig count, which includes those drilling for natural gas, rose by three to stand at 491, according to Baker Hughes.

Crude-oil holds firm loss as Baker Hughes weekly data show U.S. oil rigs rose by 2 to 387

Shares of Baker Hughes Co. rallied Friday, after the oilfield products and services company announced plans to buy back stock for the first time in a year, with an aim to help sop up what General Electric Co. is selling

Baker Hughes is ‘pleased' it can buy back stock GE is selling

(Reuters) -U.S. oilfield services provider Baker Hughes Co said on Friday it had authorized Baker Hughes Holdings LLC to repurchase up to $2 billion of its common units.

U.S. oil services firm Baker Hughes to buy back $2 billion in shares

Shares of Baker Hughes Co. rallied 0.8% in morning trading Friday, after the oilfield products and services company said it set a $2 billion stock repurchase program. Based Thursday's stock closing price of $21.18, the buyback program represents about 9.1% of the shares outstanding.

Baker Hughes stock gains after setting $2 billion stock repurchase program

HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes Company (NYSE: BKR) ("Baker Hughes" or the "Company") announced today that its Board of Directors has authorized Baker Hughes Holdings LLC (“BHH LLC”) to repurchase up to $2 billion of its common units. The Company will use the proceeds from the sale of its BHH LLC common units to repurchase its Class A shares. “We are generating strong cash flow and are confident in our short-term operational outlook and long-term strategic positioning. Today's a

Baker Hughes Company Announces $2 Billion Share Repurchase Authorization

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Baker Hughes Company (BKR) CEO Lorenzo Simonelli on Q2 2021 Results - Earnings Call Transcript

Baker Hughes (BKR) expects the industry to be on a footing for a stronger recovery in 2022, as spending and activity levels are gradually gaining momentum.

Baker Hughes (BKR) Q2 Earnings Miss, Revenues Beat Estimates

Baker Hughes (BKR) delivered earnings and revenue surprises of -41.18% and 4.36%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Baker Hughes (BKR) Misses Q2 Earnings Estimates

(Reuters) -Oilfield services provider Baker Hughes Co said on Wednesday its adjusted profit fell 9% in the second quarter from the previous three months and it missed Wall Street estimates for earnings, as crude producers kept a tight lid on spending.

Baker Hughes profit falls 9% from Q1 as oilfield services demand remains tepid

Shares of Baker Hughes Co. climbed 2.5% in premarket trading Wednesday, after the oil and natural gas company reported second-quarter adjusted profit that surprisingly declined but revenue that rose above expectations, and provided an upbeat demand growth outlook. Net loss for the quarter narrowed to $68 million, or 8 cents a share, from $195 million, or 30 cents a share, in the year-ago period.

Baker Hughes stock jumps after adjusted profit misses but revenue beats

LONDON & HOUSTON--(BUSINESS WIRE)--Baker Hughes announces its results for the second quarter 2021.

Baker Hughes Company Announces Second Quarter 2021 Results

Baker Hughes' (BKR) data shows that the tally for oil drilling rigs in the Permian basin has increased in seven of the prior 11 weeks.

US Oil & Gas Rig Tally Rises in 5 of 6 Weeks: Here's Why

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Baker Hughes' (BKR) data shows that the tally for oil drilling rigs in the Permian basin has increased in four of the prior six weeks.

News for Baker Hughes Co Stock (BKR)