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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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) reachead $33.82 at the closing of the latest trading day, reflecting a -0.44% change compared to its last close.

Baker Hughes (BKR) Stock Falls Amid Market Uptick: What Investors Need to Know

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In its weekly release, Baker Hughes (BKR) reports that its count of oil and gas rigs has declined in two of the prior three weeks.

Permian Oil Drilling Rig Count Rises in 4 of Prior 6 Weeks

Baker Hughes BKR, +1.87% on Friday reported that the number of active U.S. rigs drilling for oil rose by 6 to 500 this week. That followed two consecutive weekly declines.

Baker Hughes reports a weekly climb in active U.S. oil-drilling rigs

Per the deal, Baker Hughes (BKR) will provide gas compression technology equipment, which includes electric motor drives, for the LNG export terminal.

Baker Hughes (BKR) Receives Gas Tech Equipment Supply Deal

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

Permian Oil Drilling Rig Count Rises in 3 of Prior 5 Weeks

Baker Hughes BKR, +0.85% on Friday reported that the number of active U.S. rigs drilling for oil fell by 2 to 494 this week. That followed a decline of 8 oil rigs last week.

Baker Hughes data show a second straight weekly fall in active U.S. oil-drilling rigs

NEW YORK & BROWNSVILLE, Texas--(BUSINESS WIRE)--Texas LNG, a four million tonnes per annum (“MTPA”) liquefied natural gas (“LNG”) export terminal to be constructed in the Port of Brownsville, Texas, and subsidiary of Glenfarne Energy Transition, LLC (“Glenfarne”), a global energy transition leader providing critical solutions to lower the world's carbon footprint, has selected Baker Hughes, an energy technology company to supply gas compression technology equipment, including electric motor dri.

Glenfarne Energy Transition's Texas LNG Selects Baker Hughes Gas Technology

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Chevron is setting itself up for a sustained boom in oil and gas. Baker Hughes plans to make money during and after the clean energy transition.

3 Foundational Dividend-Paying Oil Stocks to Buy in November

Baker Hughes BKR, -0.25% on Friday reported that the number of active U.S. rigs drilling for oil fell by 8 to 496 this week. That followed three consecutive weeks of increases.

Baker Hughes data show a fall in the weekly active U.S. oil-drilling rig count

FORNEBU, Norway , Nov. 2, 2023 /PRNewswire/ -- Akastor ASA's (OSE: AKAST) 50% owned affiliate HMH Holding B.V. ("HMH") has today successfully completed a USD 200 million senior secured bond issue with a tenor of 3 years and a fixed coupon of 9.875 % per annum (the "Bonds").

Akastor ASA: Successful placement of new USD 200m senior secured bonds by HMH

The relatively high price of oil supports ongoing investment in oil-field services and equipment. The company has excellent exposure to burgeoning investments in liquefied natural gas.

1 No-Brainer Energy Stock to Buy and Hold for 10 Years

FORNEBU, Norway , Oct. 30, 2023 /PRNewswire/ -- Akastor ASA's (OSE: AKAST) 50% owned affiliate HMH Holding B.V. ('HMH') has today announced that it has mandated DNB Markets and Nordea as Global Coordinators and Joint Bookrunners and Arctic Securities and Pareto Securities as Joint Bookrunners to arrange a series of fixed income investor meetings, with the intention of seeking to secure a senior secured bond loan.

Akastor ASA: HMH mandate announcement and contemplated bond issuance

The U.S. monthly oil rig count rose for first time since November after drillers added rigs for a third week in a row, energy services firm Baker Hughes said in its closely followed report on Friday.

US monthly oil rig count rises for first time since Nov -Baker Hughes

Baker Hughes Company (NASDAQ:BKR ) Q3 2023 Earnings Conference Call October 26, 2023 9:30 AM ET Company Participants Chase Mulvehill - Vice President of Investor Relations Lorenzo Simonelli - Chairman and Chief Executive Officer Nancy Buese - Chief Financial Officer Conference Call Participants James West - Evercore ISI Arun Jayaram - JPMorgan Marc Bianchi - TD Cowen Scott Gruber - Citigroup Neil Mehta - Goldman Sachs David Anderson - Barclays Luke Lemoine - Piper Operator Good day, ladies, and gentlemen. Welcome to the Baker Hughes Third Quarter 2023 Earnings Conference Call.

Baker Hughes Company (BKR) Q3 2023 Earnings Call Transcript

Oilfield and liquefied natural gas supplier Baker Hughes on Thursday raised its full year revenue forecast, primarily on strong demand for its liquefied natural gas (LNG) equipment.

Baker Hughes raises full year revenue forecast on demand for LNG equipment

Baker Hughes' (BKR) Q3 earnings benefit from higher contributions from the Oilfield Services and Equipment, as well as the Industrial & Energy Technology business units.

Baker Hughes (BKR) Q3 Earnings & Revenues Beat Estimates

While the top- and bottom-line numbers for Baker Hughes (BKR) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Baker Hughes (BKR) Q3 Earnings

Baker Hughes (BKR) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.26 per share a year ago.

Baker Hughes (BKR) Beats Q3 Earnings and Revenue Estimates

Baker Hughes Incorporated stock rose 2% after the bell Wednesday after the company swung to a profit with its third-quarter results.  The oil field services company posted net income of $518 million after reporting a loss of $17 million in the year-ago quarter.

Baker Hughes swings to a profit with 3Q expectations beat

U.S. oilfield technology firm Baker Hughes beat third-quarter profit estimates on Wednesday, driven by strong demand for its services and equipment in international markets.

Baker Hughes beats quarterly profit estimates

HOUSTON and LONDON, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Baker Hughes Company (Nasdaq: BKR) (Baker Hughes or the Company) announced results today for the third quarter of 2023.

Baker Hughes Company Announces Third Quarter 2023 Results

Hess

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Oil production cuts this year by the Organization of the Petroleum Exporting Countries and their allies have given the U.S. the price incentive it needed to lift domestic output to its highest level on record, and maybe even helped fuel the recent mergers among the big oil companies.

U.S. is set to play tug of war with OPEC+ for oil market share as Middle East hostilities warrant output boost

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Baker Hughes will suit investors looking for energy exposure for their portfolio. Don't overlook the value of Kinder Morgan's legacy infrastructure assets.

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Here is how Baker Hughes (BKR) and Chord Energy Corporation (CHRD) have performed compared to their sector so far this year.

Is Baker Hughes (BKR) Stock Outpacing Its Oils-Energy Peers This Year?

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VettaFi recently sat down with Ben Nolan, managing director at Stifel, to discuss the outlook for the global LNG market, third-quarter earnings, and overlooked investment opportunities in the space. VettaFi: What's your long-term outlook for the global LNG market?

News for Baker Hughes Co Stock (BKR)