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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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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Permian Basin Adds Oil Drilling Rigs for 5 Straight Weeks

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INDIANAPOLIS and HOUSTON, Nov. 11, 2020 /PRNewswire/ -- Würth Industry North America (WINA) and Baker Hughes announced today a joint service offering to expand their capabilities to provide advanced design, digital inventory, and customized 3D printing services to customers in a range of...

Würth and Baker Hughes Announce Joint Service Offering to Expand Additive Manufacturing Solutions for Customers Globally

HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes (NYSE: BKR) announced today it is acquiring Compact Carbon Capture (3C), a pioneering technology development company specializing in carbon capture solutions. The acquisition underpins Baker Hughes' strategic commitment to lead in the energy transition by providing decarbonization solutions for carbon-intensive industries, including oil and gas and broader industrial operations. The advancement of carbon capture technology solutions is widely cons

Baker Hughes Signs Agreement to Acquire Compact Carbon Capture Technology to Advance Industrial Decarbonization

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Baker Hughes Company (BKR) CEO Lorenzo Simonelli on Q3 2020 Results - Earnings Call Transcript

Despite energy market volatility, Baker Hughes (BKR) generates positive free cash flow of $52 million in the third quarter.

Baker Hughes (BKR) Q3 Earnings In Line, TPS Unit Impresses

Baker Hughes Co. (NYSE: BKR) reported third-quarter 2020 results before markets opened Wednesday.

Why Baker Hughes Earnings Probably Couldn't Have Been Better

Baker Hughes (BKR) delivered earnings and revenue surprises of 0.00% and 5.46%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Baker Hughes (BKR) Matches Q3 Earnings Estimates

Shares of Baker Hughes Co. rose 1.4% in premarket trading Wednesday, after the oilfield services and products company reported an adjusted third-quarter profit that matched expectations while revenue fell less than forecast. The company swung to a net loss of $170 million, or 25 cents a share, from net income of $57 million, or 11 cents a share, in the year-ago period.

Baker Hughes' stock gains after profit matches expectations, while revenue beats

LONDON & HOUSTON--(BUSINESS WIRE)--Baker Hughes Company Announces Third Quarter 2020 Results

Baker Hughes Company Announces Third Quarter 2020 Results

Baker Hughes (BKR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Baker Hughes (BKR) Might Surprise This Earnings Season

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Per Baker Hughes' (BKR) data, the weekly count of oil drilling rigs rises the most since January, thanks to recovering crude prices.

Oil & Gas Drillers Add Highest Rig in US Since 2020 Begining

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by 12 to 205 this week. The increase followed increases in each of the last three weeks.

Baker Hughes reports a rise in the U.S. oil-rig count for a fourth week in a row

Addition of rigs in domestic plays is likely to have supported Baker Hughes (BKR) since oilfield service players assist upstream firms to efficiently set up oil wells.

Is a Beat in Store for Baker Hughes (BKR) in Q3 Earnings?

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Why Goldman Sachs Is Bullish on Oilfield Services for Q3 Earnings and 2021

Baker Hughes (BKR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Baker Hughes (BKR) Expected to Beat Earnings Estimates: Should You Buy?

Baker Hughes is poised to capture business through unique technology drivers.

News for Baker Hughes Co Stock (BKR)