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 (BKR) delivered earnings and revenue surprises of 9.09% and -0.31%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Baker Hughes (BKR) Beats Q1 Earnings Estimates

Baker Hughes Co. reported Wednesday a first-quarter loss but an adjusted profit that beat expectations, while revenue fell just shy of forecasts as oilfield services and equipment revenue dropped 30%. The net loss narrowed to $452 million, or 61 cents a share, from $10.23 billion, or $15.66 a share, in the same period a year ago, which included asset impairment and restructuring charges.

Baker Hughes tops profit expectations but falls shy on revenue, amid weakness in oilfield services and equipment

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

Baker Hughes Company Announces First Quarter 2021 Results

BKR will greatly benefit from the expected recovery of the energy market from the pandemic. BKR also has another growth driver, namely the secular shift from coal to LNG.

Baker Hughes Can Offer A 35% Total Return Over The Next 2 Years

Baker Hughes (BKR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Baker Hughes (BKR)

Higher upstream activities are likely to have boosted demand for Baker Hughes' (BKR) products and services, aiding Q1 earnings.

Is a Beat in the Offing for Baker Hughes' (BKR) Q1 Earnings?

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How Will Oil Service ETFs Fare This Earnings Season?

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Baker Hughes' (BKR) data shows that the count of oil drilling rigs in Permian Basin has risen in six of the past seven weeks.

Haynesville Witnesses Addition of 1 Natural Gas Drilling Rig

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A trio of companies, including fossil-fuel industry mainstay Baker Hughes Co., plan to back a new fund focused on hydrogen-technology investment, just the latest example of rising investment interest tied to alternative energy sources.

Fossil-fuel mainstay Baker Hughes joins Plug Power in green hydrogen fund

Baker Hughes' (BKR) data shows that since January 2020, oil drillers in the United States have added the highest number of rigs in a week.

Permian Witnesses Addition of Oil Rigs for 6 Straight Weeks

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Plug Power, Chart Industries and Baker Hughes announce their intention to become cornerstone investors in FiveT Hydrogen Fund

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Baker Hughes Company To Contact Him Directly To Discuss Their OptionsNew York, New York--(Newsfile Corp. - April 3, 2021) -  Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Baker Hughes Company ("Baker Hughes" or the "Company") (NYSE: BKR).If you suffered losses exceeding $50,000 investing in Baker Hughes stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for...

Baker Hughes Shareholder Alert

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Digital Adoption: The Key to Oil Service Firms' New Approach

HOUSTON & MENLO PARK, Calif.--(BUSINESS WIRE)--Baker Hughes (NYSE: BKR) announced it has entered into a global exclusive licensing agreement with SRI International to use SRI's innovative Mixed-Salt Process (MSP) for CO2 capture. SRI has received support from the U.S. Department of Energy's Office of Fossil Energy (FE) and National Energy Technology Laboratory (NETL) in developing its MSP technology. The agreement with SRI follows Baker Hughes' acquisition of Compact Carbon Capture announced in

Baker Hughes Acquires Exclusive License from SRI International for Mixed Salt Process Technology for Carbon Capture

Baker Hughes' (BKR) data shows that since January oil and gas drillers in the United States added the highest rigs in a week.

Permian Witnesses Addition of Oil Rigs for 4 Straight Weeks

Baker Hughes (BKR) along with Horisont Energi is developing a decarbonization technology that can be profitable without any reliance on government supports.

Why Baker Hughes' (BKR) Partnership With Horisont Crucial?

HOUSTON & SANDNES, Norway--(BUSINESS WIRE)--Baker Hughes (NYSE:BKR) and Horisont Energi AS (EURONEXT:HRGI) have signed a memorandum of understanding (MoU) for the Polaris carbon storage project off the northern coast of Norway. Under the agreement, the two companies will explore the development and integration of technologies to minimize the carbon footprint, cost and delivery time of carbon capture, transport and storage (CCTS). This agreement further reinforces Baker Hughes' and Horisont Ener

Baker Hughes and Horisont Energi Sign MoU for Groundbreaking Offshore Barents Sea Carbon Capture, Transport and Storage Project

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Shale Oil Firms Pick Budget Discipline Over Production Growth

Baker Hughes Company's (BKR) weekly rig count data reveals that for the first time since November, oil and gas drillers cut rig count in the United States.

Permian Witnesses Addition of Oil Rigs for 3 Straight Weeks

HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes (NYSE: BKR) will hold a webcast on Wednesday, April 21, 2021 to discuss the results for the first quarter ending March 31, 2021. The webcast is scheduled to begin at 8:00 a.m. Eastern Time (7:00 a.m. Central Time). A press release announcing the results will be issued at 6:30 a.m. Eastern Time (5:30 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 First Quarter 2021 Earnings Release and Webcast

New York, New York--(Newsfile Corp. - March 14, 2021) - Pomerantz LLP is investigating claims on behalf of investors of Baker Hughes Company ("Baker Hughes" or the "Company") (NYSE: BKR). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.The investigation concerns whether Baker Hughes and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information...

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Baker Hughes Company - BKR

U.S. energy firms cut the number of oil and natural gas rigs operating for the first time since November even as crude prices soared to their highest since 2018.

U.S. oil & gas rig count falls for first time since November - Baker Hughes

Baker Hughes Company's (BKR) weekly rig count data reveals that oil and gas drillers in the United States continue to add rigs in shale plays.

News for Baker Hughes Co Stock (BKR)