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.

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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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US Oil & Gas Rig Tally Hits Record Lows for 4 Straight Weeks

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Domestic drillers may continue to lower rigs in oil patches since global energy demand has declined drastically owing to the coronavirus pandemic.

US Oil & Gas Rig Tally Sets Record Lows for 3 Straight Weeks

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

Baker Hughes (BKR) Up 13.6% Since Last Earnings Report: Can It Continue?

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Oil drillers in the Permian basin continue to remove rigs since the coronavirus pandemic dented global energy demand.

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Optimism about recovering oil demand has investors plowing into these oilfield services and equipment providers' stocks today.

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Why Core Labs, Halliburton, and Baker Hughes Shot Higher in April

Baker Hughes Is Now A Buy

Baker Hughes (NYSE: BKR) shares were trading higher Thursday, after several sell-side firms maintained their bullish ratings following the oil field service company's first-quarter earnings report.

Why Baker Hughes Stock Is Trading Higher Today

Baker Hughes Company (BKR) CEO Lorenzo Simonelli on Q1 2020 Results - Earnings Call Transcript

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Surging Oil Prices Are Sending These Oil Stocks Swinging Wildly Today

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

Why So-So Baker Hughes Earnings Are Pushing Oilfield Services Stocks Higher

Baker Hughes' (BKR) first-quarter results are supported by higher cost productivity in the TPS unit, partially offset by lower volume in Surface Pressure Control and Services businesses.

Baker Hughes (BKR) Q1 Earnings Beat on Solid Oilfield Services

Baker Hughes (BKR) delivered earnings and revenue surprises of 22.22% and -3.76%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Baker Hughes (BKR) Q1 Earnings Surpass Estimates

Baker Hughes Co reported lower-than-expected revenue on Wednesday as demand for its oilfield equipment and services took a hit from a more than 80% plunge in oil prices this year.

Baker Hughes quarterly revenue misses estimates amid oil rout

Oilfield services provider Baker Hughes Co  reported an  8% fall in first-quarter adjusted profit on Wednesday and booked over $16 billion in impairment and restructuring charges.

Baker Hughes quarterly adjusted profit falls 8%

Shares of Baker Hughes Co. BKR, -1.77% were indicated down nearly 1% in premarket trading Wednesday, after the oilfield products and services company swung to a large first-quarter net loss on charges and missed revenue expectations.

Baker Hughes's stock set to fall after swinging to large net loss, missing on revenue

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Baker Hughes' (BKR) first-quarter results are likely to be hurt by declining rig count in the United States.

Factors to Know Ahead of Baker Hughes' (BKR) Q1 Earnings

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News for Baker Hughes Co Stock (BKR)