Cactus to become majority owner and operator of Baker Hughes’ surface pressure control product line, with Baker Hughes retaining 35% stake Joint venture combines complementary portfolios to lead technological innovation Aligns with Baker Hughes’ ongoing strategy to optimize its portfolio HOUSTON and LONDON, June 02, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday an agreement to form a new joint venture with a subsidiary of Cactus, Inc. (NYSE: WHD, “Cactus ...

Baker Hughes will supply 16 NovaLT™ gas turbines for data center projects in the U.S. Award builds on the collaboration announced in March 2025 between Baker Hughes and Frontier HOUSTON and LONDON, May 29, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday an award from Frontier Infrastructure Holdings (“Frontier”), a Tailwater Capital LLC portfolio company, for 16 NovaLT™ gas turbines to power its data center projects in Wyoming and Texas, delivering up ...

A month has gone by since the last earnings report for Baker Hughes (BKR) . Shares have added about 2.1% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Baker Hughes due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Then?It turns ...

The headlines from President Trump’s Middle East trip trumpeted the deals made by many of the leading technology companies. However, investors should note that the U.S. delegation included three oil services companies' chief executive officers (CEOs). Their stocks have been beaten down this year. The bearish sentiment has increased this earnings season, driven by pessimistic outlooks based on tariff uncertainty, geopolitical uncertainty, and market volatility. However, the biggest obstacle is the price of o ...

View all Key Company Metrics for Baker Hughes here>>> As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Baker Hughes performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Baker Hughes (BKR) reported $6.43 billion in revenue for the quarter ended March 2025, representing a year- over ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 For the transition period from_________to__________ Commission File Number 1-38143 Baker Hughes Company ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE (Exact name of registrant as specified in its charter) ACT OF 1934 Delaware 81-4403168 (State or oth ...

Baker Hughes Company (NASDAQ:BKR) Q1 2025 Earnings Conference Call April 23, 2025 9:30 AM ET Company Participants Chase Mulvehill - Vice President, Investor Relations Lorenzo Simonelli - Chairman and CEO Ahmed Moghal - Executive Vice President & Chief Financial Officer Conference Call Participants Arun Jayaram - JPMorgan Stephen Gengaro - Stifel Scott Gruber - Citigroup Saurabh Pant - Bank of America David Anderson - Barclays Operator Good day, ladies and gentlemen, and welcome to the Baker Hughes Company F ...

Core Viewpoint - Baker Hughes (BKR) reported quarterly earnings of $0.51 per share, exceeding the Zacks Consensus Estimate of $0.47 per share, and showing an increase from $0.43 per share a year ago, indicating a positive earnings surprise of 8.51% [1][2] Financial Performance - The company posted revenues of $6.43 billion for the quarter ended March 2025, which was slightly below the Zacks Consensus Estimate by 1.31%, and comparable to year-ago revenues of $6.42 billion [2] - Over the last four quarters, Baker Hughes has surpassed consensus EPS estimates four times and topped consensus revenue estimates two times [2] Stock Performance - Baker Hughes shares have declined approximately 7.9% since the beginning of the year, while the S&P 500 has seen a decline of 12.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.59 on revenues of $6.86 billion, and for the current fiscal year, it is $2.53 on revenues of $27.73 billion [7] - The outlook for the Oil and Gas - Field Services industry is positive, ranking in the top 34% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8]

Financial Performance - Revenue for the quarter was $6.4 billion, consistent year-over-year, but a decrease of 13% sequentially [20]. - Attributable net income was $402 million, down 66% sequentially and 12% year-over-year [5]. - Adjusted EBITDA for the quarter was $1,037 million, up 10% year-over-year but down 21% sequentially [23]. - OFSE revenue for Q1 2025 was $3,499 million, down 10% sequentially and 8% year-over-year [30]. - IET revenue for Q1 2025 was $2,928 million, an increase of 11% year-over-year, led by Gas Technology Equipment, which rose 20% [33]. - Adjusted net income attributable to Baker Hughes for Q1 2025 was $509 million, compared to $694 million in Q1 2024 [38]. - Revenue for the three months ended March 31, 2025, was $6,427 million, a slight increase from $6,418 million in the same period of 2024, representing a growth of 0.14% [41]. - Net income attributable to Baker Hughes Company for Q1 2025 was $402 million, down from $455 million in Q1 2024, reflecting a decrease of 11.65% [41]. - Basic income per Class A common stock decreased to $0.41 in Q1 2025 from $0.46 in Q1 2024, a decline of 10.87% [41]. Orders and Backlog - Total orders for the first quarter of 2025 were $6.5 billion, including $3.2 billion from the Industrial & Energy Technology (IET) segment [5]. - Remaining Performance Obligations (RPO) totaled $33.2 billion, with IET RPO at a record $30.4 billion [25]. - OFSE orders for Q1 2025 were $3,281 million, a decrease of 12% sequentially and 9% year-over-year [30]. - IET orders for Q1 2025 increased to $3,178 million, up 9% year-over-year, driven by a 17% increase in Gas Technology [33]. Cash Flow and Assets - Cash flow from operating activities was $709 million, while free cash flow was $454 million [26]. - Free cash flow for Q1 2025 was $454 million, down from $894 million in Q1 2024 [39]. - Total current assets decreased to $16,841 million as of March 31, 2025, from $17,211 million at the end of 2024, a reduction of 2.15% [44]. - Cash and cash equivalents at the end of Q1 2025 were $3,277 million, down from $3,364 million at the end of 2024, a decrease of 2.58% [44]. - Net cash flows provided by operating activities for Q1 2025 were $709 million, compared to $784 million in Q1 2024, a decline of 9.55% [46]. Dividends and Shareholder Returns - Dividends paid in Q1 2025 increased to $229 million from $210 million in Q1 2024, an increase of 9.05% [46]. - The company reported a total of 990 million outstanding Class A common stock shares as of March 31, 2025, unchanged from the previous period [44]. Segment Performance - Segment EBITDA for Q1 2025 was $623 million, a decrease of 18% sequentially, primarily due to lower volume [31]. - Segment EBITDA for IET was $501 million in Q1 2025, reflecting a 30% increase year-over-year due to productivity and positive pricing [34]. - EBITDA margin for OFSE was 17.8% in Q1 2025, down from 19.5% in Q4 2024 [30]. Strategic Developments - The company secured a liquefaction train award from Bechtel for a North America LNG project, enhancing its LNG leadership position [9]. - Baker Hughes signed strategic agreements with LNG operators, including NextDecade and Argent LNG, to provide gas turbines and refrigerant compressor technology [10]. - The company made significant progress in deploying sustainable power solutions for data centers, including over 350 MW of NovaLT™ turbines [12]. - Baker Hughes received a multi-year contract from ExxonMobil Guyana for specialty chemicals and related services in offshore developments [16]. Research and Development - Research and development costs decreased to $146 million in Q1 2025 from $164 million in Q1 2024, a reduction of 10.98% [41]. Liabilities - Total liabilities decreased to $20,880 million as of March 31, 2025, from $21,020 million at the end of 2024, a decrease of 0.67% [44].

First-quarter highlights Orders of $6.5 billion, including $3.2 billion of IET orders.RPO of $33.2 billion, including record IET RPO of $30.4 billion.Revenue of $6.4 billion, consistent year-over-year.Attributable net income of $402 million.GAAP diluted EPS of $0.40 and adjusted diluted EPS* of $0.51.Adjusted EBITDA* of $1,037 million, up 10% year-over-year.Cash flows from operating activities of $709 million and free cash flow* of $454 million.Returns to shareholders of $417 million, including $188 million ...