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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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.

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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.

American Oil & Gas Drillers Add Rigs for 9 Successive Weeks

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General Electric Co. disclosed Monday that it raised about $735 million by trimming its large Baker Hughes Co. stake, a day after the oilfield products and services company reported disappointing fourth-quarter results.

GE sold $735 million worth of Baker Hughes stock

Baker Hughes' (BKR) CEO Lorenzo Simonelli on Q4 2020 Results - Earnings Call Transcript

Despite energy market volatility, Baker Hughes (BKR) generates a positive free cash flow of $250 million in the fourth quarter.

Baker Hughes (BKR) Q4 Earnings Lag, Oil Demand to Recover in 2021

Baker Hughes Co. (NYSE: BKR) swung to a surprise adjusted loss in the fiscal fourth quarter. The company, however, posted revenue on Thursday that topped analysts' forecasts despite the ongoing Coronavirus pandemic that has so far infected more than 25 million people in the U.S. and caused over 416 thousand deaths.

Baker Hughes swings to a surprise adjusted loss in the fourth quarter

Baker Hughes (BKR) delivered earnings and revenue surprises of -143.75% and 0.57%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Baker Hughes (BKR) Reports Q4 Loss, Tops Revenue Estimates

Shares of Baker Hughes Co. dropped 2.1% in premarket trading Thursday, after the oilfield products and services company reported a surprise adjusted loss, although revenue beat expectations. Net income rose to $653 million, or 91 cents a share, from $48 million, or 7 cents a share, in the year-ago period.

Baker Hughes stock drops after surprise adjusted loss, but revenue topped forecasts

Shares of Baker Hughes (NYSE:BKR) fell 0.9% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share fell 125.93% year over year to ($0.07), which missed the estimate of $0.17.

Recap: Baker Hughes Q4 Earnings

LONDON & HOUSTON--(BUSINESS WIRE)--Baker Hughes Company Announces Fourth Quarter and Total Year 2020 Results.

Baker Hughes Company Announces Fourth Quarter and Total Year 2020 Results

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

Should You Buy Baker Hughes (BKR) Ahead of Earnings?

On Thursday, January 21, Baker Hughes (NYSE:BKR) will release its latest earnings report. Here is Benzinga's outlook for the company.

A Preview Of Baker Hughes's Earnings

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Earnings season is heating up, and we're about to see the difference between one of 2020's big winners and one of the year's big losers.

Earnings Previews: United Airlines, Kinder Morgan, Baker Hughes, FuelCell Energy

Oil and gas drillers in the United States are likely to continue adding rigs to shale plays since the pricing environment is gradually improving.

American Oil & Gas Drillers Add Rigs for 8 Successive Weeks

Increased upstream spending is likely to have boosted Baker Hughes' (BKR) profit levels in the fourth quarter of 2020.

Is a Beat in the Offing for Baker Hughes' (BKR) Q4 Earnings?

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by 12 to 287 this week. That followed increases in each of the last seven weeks.

Baker Hughes data reveal an 8th weekly rise in a row for the U.S. oil-rig count

US Oil & Gas Drillers Add Rigs for 7 Successive Weeks

Oil and gas drillers in the United States are likely to continue adding rigs in shale plays since the pricing environment is gradually improving.

American Oil & Gas Drillers Add Rigs for 6 Successive Weeks

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Oil and gas drillers in the United States are likely to continue adding rigs in shale plays since the pricing environment is gradually getting better.

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HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes announces date for fourth quarter and full-year 2020 earnings release and webcast.

Baker Hughes Announces Date for Fourth Quarter and Full-Year 2020 Earnings Release and Webcast

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Baker Hughes (BKR) and Saudi Aramco commence the construction of a new facility in Saudi Arabia to develop a diverse range of non-metallic products.

Baker Hughes (BKR) to Make Non-Metallic Pipelines With Aramco

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The shares of several oil companies are trading higher on Wednesday amid strength in oil prices. Oil prices are higher for the session on COVID-19 vaccine optimism and U.S. stimulus hopes, despite a build in crude inventories.

News for Baker Hughes Co Stock (BKR)