Meanwhile, oil and gas ETF ticker XOP breaking a 4-day win streak, coming off its worst daily performance, in fact, since the beginning of August. Our next guest though, just reaffirmed his company's guidance in the industry at the Barclay's Energy Power Conference. Baker Hugh CEO Lorenzo Simonelli joins us now at Post 9.What a treat. It's good to have you. >> Good to be here, Sarah.Nice to see you, Kyle. >> So, what so what are you seeing broadly in the business and how tied is it to the price of oil and g ...

Key Takeaways Baker Hughes will provide equipment for five 60-MW plants at Cape Station Phase II in Utah.The facilities will generate 300 MW of baseload power, serving more than 180,000 U.S. homes.The award builds on BKR's earlier work with Fervo and supports up to 2 GW of capacity.Baker Hughes Company (BKR) has been awarded a landmark contract by Fervo Energy to design and deliver advanced power generation equipment for Fervo’s Cape Station Phase II geothermal project in Utah. The agreement denotes a signi ...

PresentationJohn AndersonDirector and Senior North America Oilfield Services & Equipment Analyst So the word transformational gets thrown around a lot. But my 25 years of covering the sector, no other company has gone through a transformation quite like Baker Hughes. Since the GE Oil & Gas merger in 2017, we've seen Baker Hughes reshape its portfolio around gas infrastructure, deemphasizing upstream with a shift towards production in what I consider to be the hardest feat, creating an entirely new culture a ...

Baker Hughes Company (BKR) FY 2025 Conference September 03, 2025 09:10 AM ET Company ParticipantsJ. David Anderson - Managing DirectorLorenzo Simonelli - Chairman, President & CEOJ. David AndersonThe word "transformational" gets thrown around a lot, but in my 25 years of covering the sector, no other company has gone through a transformation quite like Baker Hughes. Since the GE Oil & Gas merger in 2017, we've seen Baker Hughes reshape its portfolio around gas infrastructure, de-emphasizing upstream with a ...

Baker Hughes Company (BKR) FY 2025 Conference September 03, 2025 09:10 AM ET Speaker0The word "transformational" gets thrown around a lot, but in my 25 years of covering the sector, no other company has gone through a transformation quite like Baker Hughes. Since the GE Oil & Gas merger in 2017, we've seen Baker Hughes reshape its portfolio around gas infrastructure, de-emphasizing upstream with a shift towards production and what I consider to be the hardest feat, creating an entirely new culture around ex ...

Baker Hughes Company (BKR) FY 2025 Conference September 03, 2025 09:10 AM ET Speaker0The word "transformational" gets thrown around a lot, but in my 25 years of covering the sector, no other company has gone through a transformation quite like Baker Hughes. Since the GE Oil & Gas merger in 2017, we've seen Baker Hughes reshape its portfolio around gas infrastructure, de-emphasizing upstream with a shift towards production and what I consider to be the hardest feat, creating an entirely new culture around ex ...

Baker Hughes to design and deliver key equipment for geothermal Organic Rankine Cycle (ORC) power plants at Fervo’s Cape Station Phase II project in UtahAward includes Baker Hughes turboexpander, BRUSH™ Power Generation generator and other related equipment HOUSTON and LONDON, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Tuesday an award from Fervo Energy Company, the leader in next-generation geothermal energy, to design and deliver equipment for f ...

Group 1: Infrastructure Investment Opportunities - The focus on infrastructure stocks is increasingly linked to artificial intelligence (AI) investments, particularly in semiconductors and data centers [1] - Industrial stocks are highlighted as a strong sector for investment, with potential in energy and aerospace/defense aligning with U.S. manufacturing priorities [2] Group 2: Baker Hughes - Baker Hughes (BKR) stock has increased by over 26% in the last 12 months, driven by high demand for energy and oilfield services [3] - The company is becoming crucial in digital automation and drone warfare, with the Pentagon's budget exceeding $900 billion aimed at unmanned systems and digital warfare [4] - Although Baker Hughes lacks major defense contracts, its expertise in digital automation and energy resilience positions it as a potential partner for the Pentagon [5] - BKR stock is trading at approximately 14.6x earnings, slightly above the energy sector average, but may justify a premium if it establishes relevance in digital infrastructure [6] Group 3: GE Aerospace - GE Aerospace (GE) operates in two business units: Commercial Engines and Services, and Defense and Propulsion Technologies, both experiencing increased demand [7] - Concerns exist regarding lower margins in the defense sector, especially as GE trades at 37x earnings, which is a premium to the sector [8] - Following its earnings report, several analysts, including UBS Group, have raised their price targets for GE, indicating a potential gain of around 19% from its price as of August 25 [9] Group 4: Caterpillar - Caterpillar (CAT) stock has risen by 19.2% in 2025, maintaining its status as a must-own stock despite tariff-related expenses impacting its bottom line [11][12] - The Energy and Transportation unit of Caterpillar continues to grow, supporting the digital economy through its products [13] - Caterpillar is recognized as a Dividend Aristocrat, having increased its dividend payout for 30 consecutive years, with a safe payout ratio around 30% [13]

Core Insights - Baker Hughes has secured a long-term service agreement with bp for the Tangguh LNG plant in Papua Barat, Indonesia, lasting 90 months, which includes spare parts, repair services, and engineering support for critical turbomachinery [1][5] - This agreement builds on a partnership that dates back to 2009, highlighting Baker Hughes' ongoing role in supporting bp's energy projects [2] - The Tangguh LNG facility is crucial for Indonesia's energy strategy and the Asia-Pacific region's energy supply, with Baker Hughes' support ensuring the reliability of essential turbomachinery [3] Company and Industry Summary - The agreement emphasizes Baker Hughes' commitment to advancing energy development in Indonesia and its strategic focus on LNG equipment asset management services [4][5] - Baker Hughes is collaborating with local partner PT Imeco Inter Sarana to meet local content requirements, showcasing its dedication to local engagement [4] - The company aims to expand its service capabilities in the Asia-Pacific region to address growing energy demands and transition needs [5]

Core Viewpoint - Baker Hughes reported strong second-quarter earnings, beating estimates for both earnings per share and total revenues, driven by cost improvements and operational efficiency [2][3] Financial Performance - Adjusted earnings for Q2 2025 were 63 cents per share, surpassing the Zacks Consensus Estimate of 55 cents, and improved from 57 cents year-over-year [2] - Total quarterly revenues reached $6,910 million, exceeding the Zacks Consensus Estimate of $6,633 million and up from $6,418 million in the same quarter last year [2] Segmental Performance - The company reorganized into two operating segments: Oilfield Services and Equipment (OFSE) and Industrial and Energy Technology (IET) [4] - Revenues from the OFSE unit were $3,617 million, a 10% decrease from $4,011 million year-over-year, but above the estimate of $3,569 million [4] - EBITDA from the OFSE segment was $677 million, down 5% from $716 million in Q2 2024, impacted by inflation and revenue mix [5] - Revenues from the IET unit were $3,293 million, a 5% increase from $3,128 million year-over-year, beating the estimate of $3,038 million [5] - EBITDA from the IET segment was $585 million, an 18% increase from $497 million in the previous year, driven by productivity and favorable pricing [6] Costs and Expenses - Total costs and expenses for Q2 were $5,943 million, down from $6,315 million year-over-year, while the projection was $5,033 million [7] Orders and Cash Flow - Total orders from all business segments amounted to $7,032 million, a 7% decline from $7,526 million a year ago, primarily due to lower order intake in the OFSE segment [8] - Free cash flow generated was $239 million, compared to $106 million in the previous year [9] Capital Expenditure and Balance Sheet - Net capital expenditure for the quarter was $271 million [10] - As of June 30, 2025, cash and cash equivalents stood at $3,087 million, with long-term debt of $5,968 million and a debt-to-capitalization ratio of 25.8% [10] Market Outlook - There has been an upward trend in fresh estimates for Baker Hughes, indicating a promising outlook [11] - The company holds a Zacks Rank 3 (Hold), suggesting an expectation of in-line returns in the coming months [13]