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

Earnings data Q2 2022

Earnings data Q3 2022

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 Co (NASDAQ: BKR) reported a second-quarter revenue decline of 2% year-over-year and a 4% growth sequentially to $5.05 billion, missing the consensus of $5.34 billion. Orders grew by 15% Y/Y to $5.9 billion and were down 14% sequentially.

Why Baker Hughes Shares Are Diving Today

Shares of Baker Hughes (NYSE: BKR) fell roughly 5.0% in the wake of the Q2 results but we are viewing the drop as a buying opportunity that could be worth 40% or more over the next few quarters. The company missed the top and bottom line estimates which is not something we like to see.

This Is A Turning Point For Baker Hughes Stock

Oil service giants are announcing second-quarter earnings this week, giving investors an idea of the outlook for oil production. The post Oil Stocks: Baker Hughes Misses Earnings Views After Rival Field Service Giant Tops appeared first on Investor's Business Daily.

Oil Stocks: Baker Hughes Misses Earnings Views After Rival Field Service Giant Tops

Shares of Baker Hughes Co. BKR, +3.90% dropped 4.3% in premarket trading Wednesday, after the oilfield products and services company reported second-quarter results that missed expectations, as component shortages, supply chain inflation and the suspension of Russian operations weighed on results. Net losses widened to $839 million, or 84 cents a share, from $68 million, or 8 cents a share, in the year-ago period.

Baker Hughes stock drops after adjusted profit and revenue miss expectations, demand seen deteriorating

Baker Hughes Co on Wednesday reported a 37.34% rise in adjusted second-quarter profit from a year earlier, fueled by strong demand for its oilfield services from companies looking to raise production amid a surge in oil prices.

Baker Hughes adjusted profit rises 37% as oilfield services demand booms

LONDON & HOUSTON--(BUSINESS WIRE)--Baker Hughes Company (Nasdaq: BKR) ("Baker Hughes" or the "Company") announced results today for the second quarter of 2022.   Three Months Ended   Variance (in millions except per share amounts) June 30, 2022 March 31, 2022 June 30, 2021   Sequential   Year-over-year Orders $ 5,860   $ 6,837   $ 5,093     (14)%   15% Revenue   5,047     4,835     5,142     4%   (2)% Operating income (loss)   (25 )   279     194     U   U Adjusted operating income (non-GAAP)

Baker Hughes Company Announces Second Quarter 2022 Results

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In its weekly release, Baker Hughes Company (BKR) reports that the oil rig count is lower in the Permian Basin.

Permian Basin Oil Rig Count Falls, Granite Wash Tally Rises

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Earnings Previews: Abbott Labs, ASML, Baker Hughes, Netflix, Omnicom

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Oilfield Servicers Look to Register Double-Digit Earnings Growth

High oil price is likely to have aided Baker Hughes' (BKR) oilfield service business in Q2.

What's in the Offing for Baker Hughes' (BKR) Q2 Earnings?

In its weekly release, Baker Hughes Company (BKR) reports that the count of oil drilling rigs in the prolific Permian basin has increased.

Permian Basin & Granite Wash Crude Oil Rig Count Increases

Baker Hughes (BKR) closed the most recent trading day at $28.47, making no change from the previous trading session.

Baker Hughes (BKR) Flat As Market Sinks: What You Should Know

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was up by 2 to 597 this week. That follows increases in each of the last four weeks.

Baker Hughes reports a 5th straight weekly rise in the number of active U.S. oil-drilling rigs

In its weekly release, Baker Hughes Company (BKR) reports that the oil rig count is flat in the Permian Basin.

Permian Basin Oil Rig Count Flat, Eagle Ford Tally Declines

The contract marks the first time for Baker Hughes (BKR) to install its ICL decarbonization technology for pipeline compression in North America.

Baker Hughes (BKR) Wins Contract for Gas Pipeline Project

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Tellurian

HOUSTON--(BUSINESS WIRE)---- $TELL #LNG--Tellurian Inc. (Tellurian) (NYSE American: TELL) and Baker Hughes (NASDAQ: BKR) have announced that Baker Hughes has been awarded a contract by Driftwood Pipeline LLC, a subsidiary of Tellurian Inc., to provide electric-powered Integrated Compressor Line (ICL) technology and turbomachinery equipment for Lines 200 and 300, a natural gas transmission project, proposed to be located in Beauregard and Calcasieu Parishes, in southwest Louisiana. Tellurian President and CEO

Tellurian Awards Baker Hughes Contract for Advanced Zero-Emissions Electric-Powered Compressor Technology for Pipeline Project

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In its weekly release, Baker Hughes Company (BKR) reports that the oil rig count is higher in the Permian Basin.

Permian Basin & Eagle Ford Crude Oil Rig Count Increases

Baker Hughes BKR, +0.45% on Friday reported that the number of active U.S. rigs drilling for oil was up by 10 to 594 this week. That was the biggest weekly rise since the week ended May 20, Baker Hughes data show.

Baker Hughes reports the biggest U.S. oil-drilling rig count increase in 5 weeks

Permian Crude Oil Rig Count Flat, Eagle Ford Tally Increases

Baker Hughes BKR, -1.04% on Friday reported that the number of active U.S. rigs drilling for oil was up by four to 584 this week. That followed an increase of six oil rigs the week before, Baker Hughes data show.

Baker Hughes reports a second straight weekly rise in the U.S. oil-drilling rig count

HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes (NASDAQ: BKR) will hold a webcast on Wednesday, July 20, 2022 to discuss the results for the second quarter ending June 30, 2022. The webcast is scheduled to begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). A press release announcing the results will be issued at 7:00 a.m. Eastern Time (6:00 a.m. Central Time). To access the webcast, listeners should visit the Baker Hughes website at: investors.bakerhughes.com. An archived version will be

Baker Hughes Announces Date for Second Quarter 2022 Earnings Release and Webcast

In its weekly release, Baker Hughes Company (BKR) reports that the oil rig count is higher in both Permian and Eagle Ford.

Permian Oil Rig Count Increases Amid High Crude Price

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News for Baker Hughes Co Stock (BKR)