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

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Earnings data Q1 2022

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Earnings data Q2 2023

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Earnings data Q1 2024

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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.

Baker Hughes' (BKR) Q2 earnings benefit from higher contributions from Oilfield Services and Equipment and the Industrial & Energy Technology business units, fueled by significant contract wins.

Baker Hughes (BKR) Q2 Earnings and Revenues Beat Estimates

Baker Hughes (BKR) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.39 per share a year ago.

Baker Hughes (BKR) Beats Q2 Earnings and Revenue Estimates

Oilfield services firm Baker Hughes beat analysts' estimates for second-quarter profit on Thursday, powered by higher demand for its drilling services and equipment in international markets.

Baker Hughes beats quarterly profit estimates on international demand

Second-quarter highlights Orders of $7.5 billion, including $3.5 billion of IET orders. RPO of $33.5 billion, including record IET RPO of $30.2 billion.

Baker Hughes Company Announces Second-Quarter 2024 Results

HOUSTON and LONDON, July 25, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) announced today that the Baker Hughes Board of Directors declared a quarterly cash dividend of $0.21 per share of Class A common stock payable on Aug. 16, 2024, to holders of record on Aug. 6, 2024.

Baker Hughes Declares Quarterly Dividend

Baker Hughes' (BKR) Q2 earnings are likely to have benefited from rising crude oil prices, which might have also aided the company's revenues and overall performance.

Is a Beat in Store for Baker Hughes (BKR) in Q2 Earnings?

U.S. energy firms this week added oil and natural gas rigs for the second time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday.

US drillers add oil and gas rigs for second time in three weeks, Baker Hughes says

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U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fifth time in six weeks, energy services firm Baker Hughes said in its report on Friday.

US drillers cut oil and gas rigs for fifth time in six weeks, Baker Hughes says

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Baker Hughes (BKR) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Is Baker Hughes (BKR) a Solid Growth Stock? 3 Reasons to Think "Yes"

Baker Hughes Company shares have been flat in the past year despite a strong market, with concerns about LNG cycle longevity and subdued drilling environment. Political developments have improved for BKR, with a District Court Judge halting a freeze on LNG export development, potentially benefiting the company. Baker Hughes will be reporting Q2 results soon, with analysts forecasting earnings of $0.49 and $6.8 billion in revenue, but I am concerned about elevated expectations.

Baker Hughes: Slowing LNG Activity A Risk Ahead Of Q2 Results (Rating Downgrade)

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Baker Hughes (BKR) is set to supply spare parts, field services, equipment refurbishment and digital performance services for Woodside Energy's turbomachinery maintenance and upgrades.

Baker Hughes (BKR) Expands Partnership With Service Agreement

Baker Hughes (BKR) launches three state-of-the-art sensor technologies designed for accurate gas, flow, and moisture measurement, revolutionizing safety and efficiency in hydrogen applications.

Baker Hughes (BKR) Launches 3 New Hydrogen Measurement Solutions

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Baker Hughes (BKR) maintains a strong balance sheet, with a net debt-to-adjusted EBITDA ratio of 0.9X and a total liquidity of $5.6 billion as of the end of 2023.

Here's Why Hold Strategy is Apt for Baker Hughes' (BKR) Stock

Baker Hughes' (BKR) ESPs and Leucipa automated field production solution will enhance the efficiency of the mature oil and gas assets significantly.

Baker Hughes (BKR) Wins Award to Enhance Azerbaijan Oilfields

HOUSTON and LONDON, June 17, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) will announce the results of the second quarter ending June 30, 2024, via press release at 5 p.m. Eastern Time (4 p.m. Central Time) on Thursday, July 25, 2024. A webcast to discuss the results will be held Friday, July 26, 2024, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time).

Baker Hughes Announces Dates for Second-quarter 2024 Earnings Release and Webcast

U.S. energy firms this week cut the number of oil and natural gas rigs operating to the lowest since January 2022, energy services firm Baker Hughes said in its closely followed report on Friday.

US drillers cut oil and gas rig count to lowest since January 2022 - Baker Hughes

NEW YORK--(BUSINESS WIRE)--Augury, a leading provider of industrial AI solutions that improve machine health and process health, today announced that the sixth generation of Baker Hughes' Ranger Pro Wireless Condition Monitoring Sensor and Cordant™ Gateway are now integrated into the Augury Machine Health platform, offering customers greater sensing capability as part of their Machine Health strategy. The Power of Augury's AI Meets the Ruggedness of Ranger Pro The Ranger Pro sensor and Cordant™.

Augury Adds Ranger Pro Sensors From Baker Hughes to Its Industry Leading Machine Health Platform

In its weekly release, Baker Hughes (BKR) reports that the total count of oil rigs in the United States was lower, and the count for natural gas decreased.

Total US Drilling Rig Tally Declines: Here's What it Means

HOUSTON, June 10, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday a significant order from Petrobras for workover and plug and abandonment (P&A) services in pre-salt and post-salt fields offshore Brazil.

News for Baker Hughes Co Stock (BKR)