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

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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.

Baker Hughes is focusing on turning around operations and creating a compelling story for the next megatrend in the oil and gas industry.

Baker Hughes Could Be This Year's Turnaround Play

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In its weekly release, Baker Hughes (BKR) reports that its count of oil and gas rigs has increased for two successive weeks.

Permian Oil Drilling Rig Count Rises for 2 Straight Weeks

The latest trading day saw Baker Hughes (BKR) settling at $29.48, representing a -0.81% change from its previous close.

Baker Hughes (BKR) Sees a More Significant Dip Than Broader Market: Some Facts to Know

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In its weekly release, Baker Hughes (BKR) reports that its count of oil and gas rigs has increased in five of the past 10 weeks.

Permian Oil Drilling Rig Count Rises in 5 of Prior 10 Weeks

In the most recent trading session, Baker Hughes (BKR) closed at $29.20, indicating a -0.48% shift from the previous trading day.

Baker Hughes (BKR) Stock Sinks As Market Gains: Here's Why

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

Why Is Baker Hughes (BKR) Down 2.3% Since Last Earnings Report?

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Leading Wall Street Firm Has 5 Dividend Blue-Chips As Top 2024 Picks

HOUSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday a significant contract award from Petrobras for integrated well construction services in the Buzios field, offshore Brazil.

Baker Hughes Secures Major Multi-Year Well Construction Services Contract with Petrobras

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In its weekly release, Baker Hughes (BKR) reports that its count of oil and gas rigs has decreased in five of the past 10 weeks.

Permian Oil Drilling Rig Count Falls in 5 of Prior 10 Weeks

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BP (NYSE: BP ) reported excellent Q4 2023 results on February 6. It continued the cavalcade of excellent fourth-quarter reports from oil and gas stocks.

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Baker Hughes' (BKR) increase in quarterly cash dividend aligns with its goal of increasing dividends over time.

Baker Hughes (BKR) Rewards Shareholders With Dividend Hike

The slowing economy has weakened oil demand. Weakness in the price of LNG, combined with a pause in decisions over LNG terminals, has hurt sentiment toward the sector.

Here's Why Shares of Baker Hughes Slumped in January

HOUSTON and LONDON, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) announced today that the Baker Hughes Board of Directors declared an increased quarterly cash dividend of $0.21 per share of Class A common stock payable on Feb. 23, 2024, to holders of record on Feb. 13, 2024.

Baker Hughes Declares Increased Quarterly Dividend

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Baker Hughes (BKR) accelerates shift to a hydrogen economy, unveiling a revolutionary Hydrogen Testing Facility and reporting advancements in key hydrogen projects and collaborations.

Baker Hughes (BKR) Steers Hydrogen Revolution With New Facility

FLORENCE, Italy, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday several milestones to support the growth of the hydrogen economy, as part of the company's broader strategy in new energy. The milestones were announced during the 24th Baker Hughes Annual Meeting held in Florence, Italy, and included advancements in the company's hydrogen enabling technologies, as well as progress in executing several customers' hydrogen projects and new collaborations in the sector.

Baker Hughes Achieves New Hydrogen Milestones to Accelerate Transition to Hydrogen Economy

U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since early December, energy services firm Baker Hughes said in its closely followed report on Friday.

US drillers add oil and gas rigs for second week in a row - Baker Hughes

Baker Hughes' (BKR) projections for 2024 paint a picture of an oil industry grappling with uncertainty and changing market forces.

Baker Hughes (BKR) Expects Drop in North America Drilling Spend

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Increasing exploration and production operations have created opportunities for oilfield service players. Three stocks that are well poised to gain are Halliburton (HAL), SLB and Baker Hughes (BKR).

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U.S. oilfield technology firm Baker Hughes said on Wednesday it expects spending on drilling and well completion in North America to fall in 2024 as commodity prices remain volatile.

Baker Hughes expects North America oilfield spend to decline in 2024

Baker Hughes Company (BKR) Q4 2023 Earnings Call Transcript

Baker Hughes' (BKR) Q4 earnings benefit from higher contributions from Oilfield Services and Equipment, as well as the Industrial & Energy Technology business units.

Baker Hughes (BKR) Q4 Earnings Top Estimates, Revenues Miss

Although the revenue and EPS for Baker Hughes (BKR) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Baker Hughes (BKR) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Baker Hughes BKR, +1.78% said profit jumped in the latest quarter, boosted by a stronger topline performance.

News for Baker Hughes Co Stock (BKR)