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 reported a quarterly profit on Wednesday compared to a year-ago loss, as crude prices recovered to pre-pandemic levels, fueling drilling activity and demand for oilfield services.

Baker Hughes posts Q3 profit as drilling demand returns

LONDON & HOUSTON--(BUSINESS WIRE)--Baker Hughes announces results for the third quarter 2021.

Baker Hughes Company Announces Third Quarter 2021 Results

Baker Hughes(NYSE:BKR) is set to give its latest quarterly earnings report on Wednesday, 2021-10-20. Here's what investors need to know before the announcement.

Earnings Outlook For Baker Hughes

Higher oilfield service activities are likely to have aided Baker Hughes' (BKR) Q3 earnings.

Is a Beat in Store for Baker Hughes' (BKR) Q3 Earnings?

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Via Baker Hughes' (BKR) equity method, profits from the HMH JV are set to reflect on the company's overall results.

Baker Hughes (BKR) Closes Subsea Drilling Merger, Forms HMH

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Baker Hughes' (BKR) data shows that the tally for oil drilling rigs in the Permian basin has increased for nine straight weeks.

US Oil & Natural Gas Rig Tally Rises for 5 Straight Weeks

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HOUSTON & FORNEBU, Norway--(BUSINESS WIRE)--The merger of Baker Hughes' (NYSE: BKR) Subsea Drilling Systems business (SDS) and Akastor ASA's (Oslo: AKAST) wholly-owned subsidiary, MHWirth AS (MHWirth), has been completed to form a global offshore drilling equipment company. The new company will be known as HMH (“the Company”), and as previously announced, Baker Hughes and Akastor own equal equity in the Company. HMH combines integrated delivery capabilities, capital, renowned industry expertise

Baker Hughes' Subsea Drilling Systems and Akastor's MHWirth Complete Merger to Form HMH

Baker Hughes' (BKR) data shows that the tally for oil drilling rigs in the Permian basin has increased for eight straight weeks.

US Oil & Natural Gas Rig Tally Rises for 4 Straight Weeks

Baker Hughes BKR, +0.73% on Friday reported that the number of active U.S. rigs drilling for oil climbed by seven to 428 this week. That followed increases in each of last three weeks on the back of a post-hurricane recovery in Gulf of Mexico energy operations.

Baker Hughes reports a rise in U.S. oil-drilling rigs for a 4th straight week

OSLO, Norway, Oct. 1, 2021 /PRNewswire/ -- Reference is made to the joint press announcement dated 2 March 2021 from Baker Hughes (NYSE: BKR) and Akastor ASA (Oslo: AKAST). The parties have today completed the transaction that combines the operations of Baker Hughes' Subsea Drilling Systems (SDS) business with Akastor's wholly owned subsidiary, MHWirth AS (MHWirth) in line with the terms and conditions described in the earlier announcement.

Akastor ASA and Baker Hughes complete merger between MHWirth and SDS

OSLO, Norway, Oct. 1, 2021 /PRNewswire/ -- Reference is made to the joint press announcement dated 2 March 2021 from Baker Hughes (NYSE: BKR) and Akastor ASA (Oslo: AKAST). Simultaneous with the completion of the transaction as announced per separate press release, Akastor has today completed a refinancing of its existing Revolving Corporate Credit Facility.

Akastor ASA completes refinancing of its corporate credit facility

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Baker Hughes' (BKR) data shows that the tally for oil drilling rigs in the Permian basin has increased for seven straight weeks.

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Baker Hughes has been dead money since the oil peak of 2014. The average energy stock has zero capital gains since 2005.

Baker Hughes Is Looking Good

Lorenzo Simonelli was speaking to CNBC at the Gastech conference in Dubai, United Arab Emirates.

Baker Hughes CEO lays out 'hard truths' behind the energy transition as gas prices surge

HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes (NYSE: BKR) will hold a webcast on Wednesday, October 20, 2021 to discuss the results for the third quarter ending September 30, 2021. 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 wi

Baker Hughes Announces Date for Third Quarter 2021 Earnings Release and Webcast

While helping Iraq to significantly reduce flaring and augmenting gas production, Baker Hughes (BKR) is well placed to generate significant cash flows.

Baker Hughes (BKR) Signs Deal to Lower Gas Flaring in Iraq

Baker Hughes' (BKR) data shows that the tally for oil drilling rigs in the Permian basin has increased for six straight weeks.

US Oil & Natural Gas Rig Tally Rises for 2 Straight Weeks

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HOUSTON & REDWOOD CITY, Calif.--(BUSINESS WIRE)--Baker Hughes (NYSE: BKR) and C3 AI (NYSE:AI) today announced the successful deployment of the BHC3 Production Optimization enterprise AI application at MEG Energy, an Alberta, Canada-based energy company, to improve operational efficiency, productivity, and to better visualize risk across the company's upstream production operations. MEG Energy leverages innovative technology to reduce energy and water use, along with greenhouse gas intensity, wh

Baker Hughes and C3 AI Deploy Enterprise AI Solutions at MEG Energy for Improved Efficiency of Thermal Production Operations

Baker Hughes' (BKR) data shows that the tally for oil drilling rigs in the Permian basin has increased for five straight weeks.

News for Baker Hughes Co Stock (BKR)