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.

HOUSTON and LONDON, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) will announce the results of the third quarter ending Sept. 30, 2023, via a press release at 5 p.m. Eastern Time (4 p.m. Central Time) on Wednesday, Oct. 25, 2023. A webcast to discuss the results will be held Thursday, Oct. 26, 2023, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time).

Baker Hughes Announces Date for Third Quarter 2023 Earnings Release and Webcast

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In its weekly release, Baker Hughes (BKR) reports that its count of oil and gas rigs is down for eight straight weeks.

Permian Oil Drilling Rig Count Falls For Two Straight Weeks

SINGAPORE, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Tellurian Inc. (NYSE American: TELL) and Baker Hughes (NASDAQ: BKR) announced Wednesday an agreement to supply eight main refrigerant compression packages for Phase 1 of the Driftwood LNG project. The agreement secures a delivery schedule for the eight LM6000PF+ gas turbines, main refrigerant compressors, and control units required for Phase 1, supporting Driftwood's ability to achieve initial liquefied natural gas (LNG) production in 2027.

Tellurian and Baker Hughes Announce Agreement for Driftwood LNG Phase 1 Liquefaction Equipment

Long-term Expansion plan will increase Venture Global's production to more than 100MTPA across its current and future projects both in and outside of Louisiana Expanded Master Equipment Supply Agreement with Baker Hughes to support expansion SINGAPORE , Sept. 4, 2023 /PRNewswire/ -- Today, Venture Global LNG announced its long-term expansion plan to increase production from 70 million tonnes per annum (MTPA) to more than 100MTPA of nameplate LNG export capacity.

Venture Global and Baker Hughes Announce Expanded Master Equipment Supply Agreement to Support Venture Global's Long-Term Expansion Plan

SINGAPORE, Sept. 04, 2023 (GLOBE NEWSWIRE) -- Today, Venture Global LNG announced its long-term expansion plan to increase production from 70 million tonnes per annum (MTPA) to more than 100 MTPA of nameplate LNG export capacity. To support this initiative, Venture Global and Baker Hughes have executed an expanded master equipment supply agreement for the delivery of additional liquefaction train systems and power island systems for Venture Global's future LNG export projects. The expanded agreement was announced on the margins of Gastech in Singapore in the presence of Venture Global CEO Mike Sabel and Baker Hughes Chairman and CEO Lorenzo Simonelli.

Baker Hughes and Venture Global Announce Expanded Master Equipment Supply Agreement to Support Venture Global's Long-Term Expansion Plan

As oil prices rallied to 2023 highs Friday, oil stock Baker Hughes scored a breakout from this buy point.

This Oil Stock Scores Breakout From Buy Point As Oil Prices Hit 2023 Highs

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As part of the deal, Baker Hughes (BKR) will also supply other equipment, services and software, including compressor technology, spare parts and maintenance services.

Baker Hughes (BKR) Signs Deal to Supply Gas Turbine Technology

Baker Hughes is among the rallying energy companies riding the wave of rising oil prices. BKR stock eyes an entry, trades near 2023 highs.

Baker Hughes Eyes Entry As Oil Prices Fuel Energy Gains

Marine Power Systems' partnership with Baker Hughes (BKR) will help decarbonize offshore operations for a sustainable energy future.

Baker Hughes (BKR) Teams up to Electrify Oil & Gas Facilities

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

Why Is Baker Hughes (BKR) Up 0.6% Since Last Earnings Report?

Among the gainers were oilfield services providers Schlumberger Ltd. NYSE: SLB and Halliburton Co. NYSE: HAL, both of which have come on strong in the past three months.

3 Oil & Gas Gear Makers With Triple-Digit EPS Growth Forecasts

UBS analysts raised their price targets on more than 20 energy stocks Thursday.

Energy Stocks Draw Price-Target Hikes From Analyst, As Charts Of Two Look Tempting

In its weekly release, Baker Hughes (BKR) reports that its count of oil and gas rigs is down for five straight weeks.

Permian Oil Drilling Rig Count Rises in 2 of the Past 5 Weeks

Investment in liquefied natural gas has greatly stepped up since 2022 when Europe lost its access to piped gas from Russia. As a supplier of gas turbines and other related equipment, Baker Hughes is positioned to benefit from the LNG trend. Baker Hughes' oilfield service business is also benefiting from a renaissance in upstream capex, particularly internationally and offshore.

Baker Hughes: The LNG Boom Can Be A Catalyst For This Stock

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

US drillers cut oil and gas rigs for fifth week in a row - Baker Hughes

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Whether it is the forces of commodity cycles, the changing tides of a world economy, or even straight manipulation from the most prominent players who hear whispers from OPEC's next decision, the only certainty is that oil and gas prices are swinging hard. Crude oil has swung from below $60 per barrel in the last quarter to above $80 per barrel as of today's new quarter, and natural gas has followed a similar path.

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HOUSTON and DULLES, Va., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Tuesday a memorandum of understanding (MoU) with airport management and operations company Avports to develop, implement and operate onsite microgrid solutions for the airport industry. The collaboration agreement addresses emissions reduction and the global industry's goal to focus on zero-emission buildings, horizontal airport infrastructure, vehicles and aircraft systems.

Baker Hughes and Avports Sign Agreement to Develop Lower-carbon Energy Solutions for Airport Industry

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NORTHAMPTON, MA / ACCESSWIRE / August 2, 2023 / Baker Hughes Read the full Baker Hughes Corporate Sustainability Report. Last year, the global energy map was redrawn, resulting in a complex energy market and a challenging macro environment.

Baker Hughes Corporate Sustainability Report 2022: A Letter From Our Chief Executive Officer

Halliburton (HAL) According to recent analysis by UBS, Halliburton Company (NYSE:HAL) beat adjusted earnings per share (EPS) estimates in Q2 2023, reporting $0.77 per share against the investment bank's estimate of $0.73 and the Street's $0.75. Despite an expected decline in North American (NAM) activity, management projects that demand and pricing for its higher quality services, like the ZEUS e-fleets, will remain strong.

Halliburton, Schlumberger, Baker Hughes: Time to buy oil services stocks?

U.S. energy firms in July cut the number of oil rigs for an eighth straight month while adding natural gas rigs for the first time in three months, energy services firm Baker Hughes said in its closely followed report on Friday.

US drillers cut oil rigs for eighth month in a row - Baker Hughes

Baker Hughes is more than a North American oil equipment and services company. Its international, offshore, LNG, and new energy activities are all growing.

News for Baker Hughes Co Stock (BKR)