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

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Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q2 2023

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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.

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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 Oil Rig Count Rises After 3 Straight Weeks of Decline

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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 Decreases for 3 Straight Weeks

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A recent analysis by the Houston Chronicle compared Baker Hughes' returns with other oilfield service companies. The analysis overlooked the need for transformation in this sector, praising Halliburton and Schlumberger for oil-focused strategies that might come back to haunt them.

Short-Term Pain, Long-Term Gain: Inside Baker Hughes' Vision For The Energy Transition

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

Why Is Baker Hughes (BKR) Up 0.3% Since Last Earnings Report?

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NEW YORK--(BUSINESS WIRE)-- #electricalenergy--One Equity Partners ("OEP"), a middle market private equity firm, today announced that it has entered into a definitive agreement to sell the Power Generation business of BRUSH Group (“BRUSH” or the “Company”) to energy technology company Baker Hughes (NASDAQ: BKR). Headquartered in Ashby de la Zouch, United Kingdom with roots dating back to 1876, BRUSH helps engineer and support a comprehensive range of power-related products and solutions including generators, conde

One Equity Partners Agrees to Sell Power Generation Business of UK's BRUSH Group

HOUSTON and LONDON, Aug. 08, 2022 (GLOBE NEWSWIRE) --  Baker Hughes (Nasdaq: BKR) announced it has agreed to acquire the Power Generation division of BRUSH Group (“BRUSH”) from One Equity Partners. BRUSH is an established equipment manufacturer that specializes in electric power generation and management for the industrial and energy sectors. This acquisition supports Baker Hughes' strategic commitment to lead in providing decarbonization solutions for the natural gas industry and historically hard-to-abate sectors.

Baker Hughes Acquires Power Generation Division of BRUSH Group to Enhance its Electric Machinery Portfolio

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Baker Hughes Co. BKR, +2.84% announced Monday an agreement to sell its oilfield services (OFS) business in Russia to its local management team. Financial details of the deal were not disclosed.

Baker Hughes to sell OFS Russia business to local management team

Baker Hughes BKR, +1.06% on Friday reported that the number of active U.S. rigs drilling for oil was up by 6 to 605 this week. The total active U.S. rig count, which includes those drilling for natural gas, also climbed by 9 to 767, according to Baker Hughes.

Baker Hughes data show a weekly rise in the number of active U.S. oil-drilling rigs

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5 Reasons the Market Is Wrong to Sell Off Baker Hughes

Fears of a recession are catching up fast with the energy industry.

Why Baker Hughes Stock Is Tumbling Hard Today

Baker Hughes Company (NASDAQ:BKR ) Q2 2022 Earnings Conference Call July 20, 2022 8:30 AM ET Company Participants Jud Bailey – Vice President of Investor Relations Lorenzo Simonelli – Chairman and Chief Executive Officer Brian Worrell – Chief Financial Officer Conference Call Participants James West – Evercore Chase Mulvehill – Bank of America Arun Jayaram – JPMorgan Marc Bianchi – Cowen Scott Gruber – Citi Neil Mehta – Goldman Sachs Operator Good day, ladies and gentlemen, and welcome to the Baker Hughes Company Second Quarter 2022 Earnings Conference Call. At this time all participants are in a listen-only mode.

Baker Hughes Company's (BKR) CEO Lorenzo Simonelli on Q2 2022 Results - Earnings Call Transcript

Baker Hughes says chip and electronic component availability shortages are impacting order conversions.

Baker Hughes Stock Gets Slammed as Earnings Hit by Supply Delays

BKR stock is sliding fast as Wall Street considers Baker Hughes' headwinds, which include high inflation and petroleum demand destruction. The post Baker Hughes (BKR) Stock Sinks on Disappointing Earnings Results appeared first on InvestorPlace.

Baker Hughes (BKR) Stock Sinks on Disappointing Earnings Results

Shares of Baker Hughes Co (NASDAQ: BKR) are down nearly 15% on Wednesday after the oilfield services company reported weaker-than-expected results for its fiscal second quarter.

Baker Hughes shares down 15% on Q2 results: oil demand is ‘deteriorating'

A decline in cost productivity and inflation pressures in Digital Solutions hurt Baker Hughes' (BKR) earnings in Q2.

News for Baker Hughes Co Stock (BKR)