9 | --- | --- | --- | |------------------------|---------------------------------------------------------|---------------------------------------------------| | Strong revenue growth | Continued margin improvement … 16% Adj. EBITDA margin | Free cash flow generation ahead of expectations | | Orders $6.9B 14% YoY | Adj. EBITDA $1,091M 15% YoY | Free cash flow $633M 4% YoY | | Revenue $6.8B 16% YoY | Adj. operating income $816M 18% YoY | Adjusted EPS $0.51 34% YoY | FINANCIALS Strong balance sheet and solid c ...

Company Participants Marc Bianchi - TD Cowen Chase Mulvehill With that, IÂ'll turn the call over to Lorenzo. Turning to Slide 4. In 2023, we set records for all primary financial metrics, including orders, revenue, EBITDA, EPS, free cash flow and most importantly, returns. Adjusted EBITDA was up 26% year-over-year, a third consecutive year of double-digit increases and exceeding prior cycle peak levels by 25%. Adjusted diluted earnings per share was $1.60, 76% above 2022 levels. Free cash flow increased 83% ...

Baker Hughes Company (BKR) reported fourth-quarter 2023 adjusted earnings of 51 cents per share, which beat the Zacks Consensus Estimate of 47 cents. The bottom line also improved from the year-ago quarter’s level of 38 cents.Total quarterly revenues of $6,835 million missed the Zacks Consensus Estimate of $6,909 million. The top line, however, increased from the year-ago quarter’s level of $5,905 million.Strong quarterly earnings were primarily driven by higher contributions from the Oilfield Services and ...

Baker Hughes (BKR) reported $6.84 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 15.8%. EPS of $0.51 for the same period compares to $0.38 a year ago.The reported revenue represents a surprise of -1.08% over the Zacks Consensus Estimate of $6.91 billion. With the consensus EPS estimate being $0.47, the EPS surprise was +8.51%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

Baker Hughes BKR, +1.78% said profit jumped in the latest quarter, boosted by a stronger topline performance.The energy technology company on Tuesday posted a fourth-quarter net profit of $439 million, or 43 cents a share, compared with $182 million, or 18 cents a share, for the same period a year earlier.Stripping out one-time items, the company’s earnings per share came in at 51 cents. Analysts surveyed by FactSet forecast adjusted earnings per share of 48 cents. Revenue climbed 16% to $6.84 billion, miss ...

Baker Hughes (BKR) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.51%. A quarter ago, it was expected that this oilfield services company would post earnings of $0.39 per share when it actually produced earnings of $0.42, delivering a surprise of 7.69%.Over the last four quarters, ...

Fourth-quarter highlights IET orders of $3,030 million, the fifth consecutive quarter above $3 billion.Net income attributable to the Company of $439 million, up $257 million year-over-year.GAAP diluted EPS of $0.43 and adjusted diluted EPS* of $0.51.Adjusted EBITDA* of $1,091 million, above $1 billion for the first time in company history.Cash flows from operating activities were $932 million and free cash flow* was $633 million.Shareholder distributions of $521 million, including $320 million of share rep ...

Baker Hughes Company (BKR) , in its weekly release, stated that the U.S. rig count was higher than the prior week’s reported figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications.Baker Hughes’ data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. The number of active rigs and its comparison with the week-ago figure indicates the demand trajectory for the compa ...

Key PointsOil prices could be on the rise soon, the sector does have a lot of catching up to do to the rest of the market.During that catch up, there is one stock in particular that is attracting the rewards of the market and analysts together.You can worry and prepare for higher prices at the pump, or you can potentially make some money here.5 stocks we like better than Energy Select Sector SPDR FundYou are about to witness a pivoting moment in the stock market, driven by similar changes in the underlying ...

U.S. oil production has been holding at or near record highs since October, topping the previous peak from 2020, even though the number of active domestic oil drilling rigs is down by nearly 30% from four years ago.Strength in oil prices and gains in investment and output efficiency have contributed to that climb, though analysts see a potential slowdown in output growth ahead. U.S. oil production has “nearly tripled in the last 15 years, fueled by advances in drilling and fracking technology and investment ...