Baker Hughes Company provides a portfolio of technologies and services worldwide. The company operates through four segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS), and Digital Solutions (DS). The OFS segment offers exploration, drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for oil and natural gas, and oilfield service companies. The OFE segment provides subsea and surface pressure control and production systems and services, capital drilling equipment and services, and flexible pipe systems for offshore and onshore applications; and provides well intervention solutions, as well as services related to onshore and offshore drilling and production operations. The TPS segment provides equipment and related services for mechanical-drive, compression, and power-generation applications across the oil and gas industry. Its product portfolio includes drivers, compressors, and turnkey solutions; and pumps, valves, and compressed natural gas and small-scale liquefied natural gas solutions. This segment serves upstream, midstream, onshore and offshore, and industrial, as well as engineering, procurement, and construction companies. The DS segment provides sensor-based measurement, non-destructive testing and inspection, turbine, generator and plant controls, and condition monitoring for oil and gas, power generation, aerospace, metals, and transportation industries. Baker Hughes Company has a strategic collaboration with Air Products and Chemicals, Inc. to develop hydrogen compression systems. The company was formerly known as Baker Hughes, a GE company and changed its name to Baker Hughes Company in October 2019. Baker Hughes Company is based in Houston, Texas.
IPO Year:
Exchange: NYSE
Website: bakerhughes.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/19/2024 | $53.00 | Overweight | Piper Sandler |
| 10/25/2024 | Hold → Buy | Argus | |
| 9/25/2024 | $40.00 → $42.00 | Equal Weight → Overweight | Wells Fargo |
| 7/29/2024 | $46.00 → $50.00 | Buy | TD Cowen |
| 1/29/2024 | Outperform → Peer Perform | Wolfe Research | |
| 1/25/2024 | $46.00 → $49.00 | Outperform | TD Cowen |
| 7/12/2023 | $38.00 | Buy | BofA Securities |
| 6/7/2023 | $38.00 | Overweight | CapitalOne |
| 4/19/2023 | $31.00 | Neutral | UBS |
| 3/15/2023 | $32.00 | Neutral → Overweight | JP Morgan |
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New solutions will support remote operations in deepwater fieldsTechnology allows real-time response to evolving well conditions across multiple zones HOUSTON and LONDON, March 20, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR), an energy technology company, announced Thursday a major, multi-year fully integrated completions systems contract with Petrobras. The award followed an open tender and will leverage Baker Hughes' innovative completions technology portfolio and extensive experience in Brazil to optimize production across multiple deepwater fields. A range of technologies from Baker Hughes has been specifically tailored to meet the needs of Petrobras' offshore developments
Award features NovaLT™ gas turbine technology to be provided to TURBINE-X Energy Inc., part of Baker Hughes' network of authorized data center packagers HOUSTON and LONDON, March 13, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR), an energy technology company, announced Thursday an award from TURBINE-X Energy Inc. for its NovaLT™ gas turbine technology to address power demand growth from the data center market. This follows an announcement earlier this month that Baker Hughes will partner with Frontier Infrastructure to provide key carbon capture and storage (CCS) and power generation technologies for data centers and industrial customers. Part of Baker Hughes established global netw
HOUSTON and LONDON, March 13, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR) will announce the results of the first quarter ending March 31, 2025, via press release at 5 p.m. Eastern Time (4 p.m. Central Time) on Tuesday, April 22, 2025. A webcast to discuss the results will be held Wednesday, April 23, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time). To access the webcast, listeners should visit the Baker Hughes website at: investors.bakerhughes.com. An archived version will be available on the website following the webcast. About Baker HughesBaker Hughes (NASDAQ:BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a
NextDecade Corporation (NextDecade or the Company) (NASDAQ:NEXT) and Baker Hughes (NASDAQ:BKR) announced today that they have entered into a framework agreement whereby NextDecade plans to utilize Baker Hughes' gas turbine and refrigerant compressor technology (Equipment Packages) and enter into contractual services agreements to perform maintenance work for these Equipment Packages for Trains 4 through 8 at the Rio Grande LNG Facility. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250310876591/en/ "Utilizing Baker Hughes' industry-leading rotating equipment and their maintenance services is critical to ensuring the Rio Grande L
HOUSTON, March 11, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR), an energy technology company, and NextDecade Corporation (NASDAQ:NEXT) and announced Tuesday that they have entered into a framework agreement whereby NextDecade plans to utilize Baker Hughes' gas turbine and refrigerant compressor technology (Equipment Packages) and enter into contractual services agreements to perform maintenance work for these Equipment Packages for Trains 4 through 8 at the Rio Grande LNG Facility. "Utilizing Baker Hughes' industry-leading rotating equipment and their maintenance services is critical to ensuring the Rio Grande LNG Facility operates efficiently and reliably," said Matt Schatzman, ch
Joint initiative to develop a lower carbon power generation technology solution specifically designed for oil and gas, heavy industries and other smaller scale applicationsCollaboration framework focuses on assessing feasibility and scalability of Net Power's platform and is open to other potential contributors HOUSTON and LONDON, March 06, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR), an energy technology company, and Woodside Energy ((ASX: WDS, NYSE:WDS), a leading Australian energy company, announced Thursday a joint initiative to develop a lower carbon power generation technology solution utilizing the Net Power (NSYE: NPWR) platform that is specifically designed for oil and gas
Frontier's SCS Hub, spanning nearly 100,000 acres in Wyoming, will provide open-access CO₂ storage for industrial emitters and ethanol producers using its CO₂-by-rail strategyBaker Hughes will provide key CCS and power generation technologies, including CO₂ compression, well design, and its industrial NovaLT™ gas turbines to support power solutions for data centers and industrial customersPartnership allows Frontier to move forward with greater efficiencies and resources for project development HOUSTON and DALLAS and LONDON, March 03, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR), an energy technology company, and Frontier Infrastructure ("Frontier"), a Tailwater Capital portfolio co
Experienced Baker Hughes finance leader will play key role in driving next phase of strategic transformation and growth HOUSTON and LONDON, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ:BKR) ("Baker Hughes" or the "Company") on Monday announced that Ahmed Moghal, a highly experienced finance leader who currently serves as chief financial officer (CFO) of our Industrial & Energy Technology (IET) business, has been appointed CFO of the Company, effective immediately. Prior to IET, Moghal held senior positions in various business and corporate roles. In this role, he succeeds Nancy Buese, who, by mutual agreement with the Company, ceased to serve as CFO effective today.
Flowchem ("Flowchem" or the "Company") and SCF Partners ("SCF") are pleased to announce several personnel additions. Flowchem is a leading global player in the drag reducing agent ("DRA") market, providing custom-engineered specialty chemicals to help customers around the world optimize the performance of their infrastructure. These key appointments bolster the already-strong management team in place at the time of the Company's acquisition in 2024, positioning it for continued growth and industry leadership. Shivali Agarwal has been appointed as Chief Operating Officer ("COO"). Shivali brings decades of industry operating experience in roles across the globe, most recently serving as Gr
Baker Hughes to supply liquefaction solutions utilizing NMBL™ module and LM9000 gas turbineAgreement also comprises a multi-year services plan, including iCenter™ digital solutions powered by Cordant™, to support Argent LNG terminal operationsProposed project targets approximately 24 million tonnes per annum (MTPA) of production capacity FLORENCE, Italy, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Argent LNG LCC (Argent LNG) has selected Baker Hughes (NASDAQ:BKR), an energy technology company, as the liquefaction solution and related services provider for its proposed liquified natural gas (LNG) export facility in Port Fourchon, Louisiana. Baker Hughes will supply cutting-edge liquefaction solution
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Experienced Baker Hughes finance leader will play key role in driving next phase of strategic transformation and growth HOUSTON and LONDON, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ:BKR) ("Baker Hughes" or the "Company") on Monday announced that Ahmed Moghal, a highly experienced finance leader who currently serves as chief financial officer (CFO) of our Industrial & Energy Technology (IET) business, has been appointed CFO of the Company, effective immediately. Prior to IET, Moghal held senior positions in various business and corporate roles. In this role, he succeeds Nancy Buese, who, by mutual agreement with the Company, ceased to serve as CFO effective today.
First Quarter 2025 Results Delivered Q1 results in-line with expectations and reaffirms fiscal 2025 outlook Revenue of $684 million, as expected Operating Income of $30 million increased 2% sequentially versus Q4 2024 and Operating Margin of 4.4% was flat sequentially Adjusted EBITDA of $81 million, as expected, increased 0.9% sequentially versus Q4 2024 and Adjusted EBITDA margin of 11.9% increased 10 basis points sequentially Voluntarily prepaid $20 million of term loan debt during the quarter Vestis Corporation (NYSE:VSTS), a leading provider of uniforms and workplace supplies, today announced its results for the first quarter ended December 27, 2024 and reiterated its
Fourth-quarter highlights Orders of $7.5 billion, including $3.8 billion of IET orders.RPO of $33.1 billion, including IET RPO of $30.1 billion.Revenue of $7.4 billion, up 8% year-over-year.GAAP diluted EPS of $1.18 and adjusted diluted EPS* of $0.70.Adjusted EBITDA* of $1,310 million, up 20% year-over-year.Cash flows from operating activities of $1,189 million and free cash flow* of $894 million. Full-year highlights Orders of $28.2 billion, including $13.0 billion of IET orders.Revenue of $27.8 billion, up 9% year-over-year.Attributable net income of $2,979 million.GAAP diluted EPS of $2.98 and adjusted diluted EPS* of $2.35.Adjusted EBITDA* of $4,591 million, up 22% year-over-year.Cash
HOUSTON and LONDON, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR) announced today that the Baker Hughes Board of Directors declared an increased quarterly cash dividend of $0.23 per share of Class A common stock payable on Feb. 21, 2025, to holders of record on Feb. 11, 2025. The dividend reflects a 10% increase, or $0.02, compared to the same quarter last year. Baker Hughes expects to fund its quarterly cash dividend from cash generated from operations. About Baker Hughes:Baker Hughes (NASDAQ:BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countr
Third-quarter highlights Orders of $6.7 billion, including $2.9 billion of IET orders.RPO of $33.4 billion, including record IET RPO of $30.2 billion.Revenue of $6.9 billion, up 4% year-over-year.Attributable net income of $766 million.GAAP diluted EPS of $0.77 and adjusted diluted EPS* of $0.67.Adjusted EBITDA* of $1,208 million, up 23% year-over-year.Cash flows from operating activities of $1,010 million and free cash flow* of $754 million.Returns to shareholders of $361 million, including $152 million of share repurchases. HOUSTON and LONDON, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ:BKR) ("Baker Hughes" or the "Company") announced results today for the third qua
HOUSTON and LONDON, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR) announced today that the Baker Hughes Board of Directors declared a quarterly cash dividend of $0.21 per share of Class A common stock payable on Nov. 14, 2024, to holders of record on Nov. 4, 2024. In line with our stated goal to responsibly grow the dividend over time, the dividend reflects a 5% increase, or $0.01, compared to the same quarter last year. Baker Hughes expects to fund its quarterly cash dividend from cash generated from operations. About Baker Hughes:Baker Hughes (NASDAQ:BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a cent
Second-quarter highlights Orders of $7.5 billion, including $3.5 billion of IET orders.RPO of $33.5 billion, including record IET RPO of $30.2 billion.Revenue of $7.1 billion, up 13% year-over-year.Net income attributable to the Company of $579 million.GAAP diluted EPS of $0.58 and adjusted diluted EPS* of $0.57.Adjusted EBITDA* of $1,130 million, up 25% year-over-year.Cash flows from operating activities of $348 million and free cash flow* of $106 million.Returns to shareholders of $375 million, including $166 million of share repurchases. HOUSTON and LONDON, July 25, 2024 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ:BKR) ("Baker Hughes" or the "Company") announced resul
HOUSTON and LONDON, July 25, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR) announced today that the Baker Hughes Board of Directors declared a quarterly cash dividend of $0.21 per share of Class A common stock payable on Aug. 16, 2024, to holders of record on Aug. 6, 2024. In line with our stated goal to responsibly grow the dividend over time, the dividend reflects a 5% increase, or $0.01, compared to the same quarter last year. Baker Hughes expects to fund its quarterly cash dividend from cash generated from operations. About Baker Hughes:Baker Hughes (NASDAQ:BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a cent
First-quarter highlights Orders of $6.5 billion, including $2.9 billion of IET orders.Revenue of $6.4 billion, up 12% year-over-year.Net income attributable to the Company of $455 million.GAAP diluted EPS of $0.45 and adjusted diluted EPS* of $0.43.Adjusted EBITDA* of $943 million, up 21% year-over-year.Cash flows from operating activities were $784 million and free cash flow* was $502 million.Returns to shareholders of $368 million, including $158 million of share repurchases. HOUSTON and LONDON, April 23, 2024 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ:BKR) (Baker Hughes or the Company) announced results today for the first quarter of 2024. "2024 has gotten off to a good s
HOUSTON and LONDON, April 23, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR) announced today that the Baker Hughes Board of Directors declared a quarterly cash dividend of $0.21 per share of Class A common stock payable on May 16, 2024, to holders of record on May 6, 2024. In line with our stated goal to responsibly grow the dividend over time, the dividend reflects an 11% increase, or $0.02, compared to the same quarter last year. Baker Hughes expects to fund its quarterly cash dividend from cash generated from operations. About Baker Hughes:Baker Hughes (NASDAQ:BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on
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Piper Sandler initiated coverage of Baker Hughes with a rating of Overweight and set a new price target of $53.00
Argus upgraded Baker Hughes from Hold to Buy
Wells Fargo upgraded Baker Hughes from Equal Weight to Overweight and set a new price target of $42.00 from $40.00 previously
TD Cowen reiterated coverage of Baker Hughes with a rating of Buy and set a new price target of $50.00 from $46.00 previously
Wolfe Research downgraded Baker Hughes from Outperform to Peer Perform
TD Cowen reiterated coverage of Baker Hughes with a rating of Outperform and set a new price target of $49.00 from $46.00 previously
BofA Securities resumed coverage of Baker Hughes with a rating of Buy and set a new price target of $38.00
CapitalOne initiated coverage of Baker Hughes with a rating of Overweight and set a new price target of $38.00
UBS initiated coverage of Baker Hughes with a rating of Neutral and set a new price target of $31.00
JP Morgan upgraded Baker Hughes from Neutral to Overweight and set a new price target of $32.00
Flowchem ("Flowchem" or the "Company") and SCF Partners ("SCF") are pleased to announce several personnel additions. Flowchem is a leading global player in the drag reducing agent ("DRA") market, providing custom-engineered specialty chemicals to help customers around the world optimize the performance of their infrastructure. These key appointments bolster the already-strong management team in place at the time of the Company's acquisition in 2024, positioning it for continued growth and industry leadership. Shivali Agarwal has been appointed as Chief Operating Officer ("COO"). Shivali brings decades of industry operating experience in roles across the globe, most recently serving as Gr
FORNEBU, Norway, Oct. 21, 2024 /PRNewswire/ -- Akastor ASA's (OSE: AKAST) 50% owned affiliate HMH Holding B.V. ("HMH") has today announced that Mr. Daniel "Dan" W. Rabun has been appointed as Chairman of the Board of Directors effective October 21, 2024. Mr. Rabun is a seasoned executive with extensive leadership experience across multiple industries, having held key roles such as CEO, Chairman, and Board member at major companies, including Ensco plc, Golar LNG Ltd, ChampionX Corporation, Borr Drilling, and APA Corporation. A copy of HMH's announcement with further details can be found on their webpage; https://hmhw.com/news/. For further information, please contact: Øyvind Paaske Chief Fi
HMH announced today that Mr. Daniel "Dan" W. Rabun has been appointed as Chairman of the Board of Directors effective October 21, 2024. Mr. Rabun is a seasoned executive with extensive leadership experience across multiple industries, having held key roles as CEO, Chairman, and Board member across multiple major companies. He joined Ensco plc in 2006 as President and Board member, later becoming CEO in 2007 and Chairman in 2007. He retired from Ensco in 2014 and as Chairman in 2015. He also held key positions with Golar LNG Ltd, including Chairman from 2015 to 2017, and currently serves as non-executive Chairman of ChampionX Corporation and as a Director of Borr Drilling. He has also serve
Mathew Brings 30 Years of Expertise in Software Product Development and Strategy Tekion, innovator of the first cloud-native platform serving the entire automotive retail ecosystem, today announced Binu Mathew as the company's Chief Technology Officer (CTO). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240606127524/en/Binu Mathew joins Tekion as Chief Technology Officer, bringing 30 years of experience in software product development and strategy. (Graphic: Business Wire) "We have a tremendous opportunity to meet the automotive industry's demand for reliable generative AI. Tekion is leading the way in fulfilling this need,"
Valve Sales Inc. (VSI), and Baker Hughes have partnered to distribute, service, and repair the complete line of Consolidated™ pressure relief valves. VSI's service and distribution agreement with Consolidated covers the entire state of Oklahoma, southern Kansas, and the Northwest corner of Arkansas. VSI's Tulsa-based Center of Operational Excellence is Consolidated's newest Green Tag Center™. TULSA, Okla., Sept. 1, 2022 /PRNewswire-PRWeb/ -- Valve Sales Inc. (VSI), and Baker Hughes have partnered to distribute, service, and repair the complete line of Consolidated™ pressure relief valves. VSI's service and distribution agreement with Consolidated covers the entire state of Oklahoma, southern
BENTONVILLE, Ark., Aug. 16, 2021 /PRNewswire/ -- Michael Baker International, a global leader in engineering, planning and consulting services, announced today that Mike Stengel, P.E., is taking on a new leadership position within the firm's Gulf Coast Region as he leads the opening of a new office in Bentonville, Arkansas. As Vice President and Office Executive, Mr. Stengel will focus on managing the firm's relationship with the Arkansas Department of Transportation (ARDOT) and expanding its client roster. The addition of this new office supports the firm's focus on expanding its business in the high growth market of Northwest Arkansas.