Baker Hughes Company (BKR) ), a leading energy technology company, has expanded its footprint in Namibia by inaugurating state-of-the-art facilities at Walvis Bay Port. These include the country’s largest liquid mud plant by volume and capacity, a cement bulk facility and an integrated multi-modal facility. The company aims to support Namibia’s growing energy sector and create local opportunities.The new infrastructure is designed to provide critical support for offshore oil and gas operations. The liquid m ...

It has been about a month since the last earnings report for Baker Hughes (BKR) . Shares have added about 19.8% in that time frame, outperforming 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 the most recent earnings report in order to get a better handle on the important catalysts. Baker Hughes Q3 Earnings Beat EstimatesBake ...

New liquid mud plant is the largest in Namibia in terms of volume and capacityWalvis Bay Port location will enhance efficiencies for customers and support local employment WALVIS BAY, Namibia, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday the opening of its new liquid mud plant, cement bulk facility and integrated multi-modal facility to support Namibia’s burgeoning energy industry and increase localization opportunities. The facilities, inclu ...

Company Overview - Baker Hughes is an energy technology company operating in the energy and industrial markets, with two main segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) [3] - OFSE segment includes four product lines: Well Construction, Production Solutions, Subsea & Surface Pressure Systems, and Completions, Intervention, & Measurements [3] - IET segment provides technologies and services to various markets including LNG, refining, pipeline and gas storage, aviation, utilities, and mining [4] - The company operates in over 120 countries globally [4] Technology Activities - The report provides insights into Baker Hughes' digital transformation strategies and innovation programs [2][5] - It covers technology initiatives, including partnerships and product launches, with details on technology themes, objectives, and benefits [2][5] - The report includes information on estimated ICT budgets and major ICT contracts [2] Report Highlights - The report offers insights into Baker Hughes' tech operations, technology themes, product launches, and partnerships [6] - Key topics covered include Digital Transformation Strategy, Technology Focus, Technology Initiatives, Venture Arm, Investments, Acquisitions, and ICT Budget [6] - The report also provides a Partnership, Investment & Acquisition Network Map and details on key executives [6]

Baker Hughes to deliver integrated gas recovery and hydrogen sulfide (H2S) removal system Solution expected to recover flare gas equivalent up to 7 million Nm3 of methane per year, and further reduce CO2 emissions by up to 11,000 tons per year Recovered flare gas will be used as fuel within the refinery, improving efficiency and reducing consumption and operating costsContract signed at COP29 in Baku, Azerbaijan BAKU, Azerbaijan, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy techno ...

KEY TAKEAWAYSOil stocks, that helped lead the S&P 500 to a new record high Wednesday after Donald Trump's electoral victory, have given some of those gains.Initial stock optimism anticipating a friendly approach to the sector from the incoming Trump administration has faded as concerns emerge.Analysts believe that Trump's policies, including tariffs, may spur oil production, but that would drive down oil prices which would in turn weigh on oil stocks. Oil stocks are trading cautiously, giving up some of th ...

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In anticipation of the upcoming US Presidential election, we have a couple of divergent issues to deal with regarding how to play the energy market. As I try to be I'm a full time value investor and writer who enjoys using classical value ratios to pick my portfolio. Long-term focused on low P/B, P/FCF, Owner Earnings discounting, PEG ratios, the Graham Number and an occasional net-net hunter. I also believe tracking earnings growth versus price appreciation is an essential element to any quality evaluation ...

Company to support projects in Brazil's pre-salt fields, reinforcing position as a leading provider of flexible pipe for deepwater and high CO2 projects Local manufacturing boost Brazilian economy, strengthen energy supply chain HOUSTON and LONDON, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday significant contracts with Petrobras to provide 77 km of flexible pipe systems to be deployed in Brazil's pre-salt fields. The agreement was signed Oct. 1 ...

Investment Rating - The report indicates a positive market reaction to Baker Hughes' Q3 2024 performance, with an adjusted net EBITDA of $1.208 billion, aligning with market expectations [1][3]. Core Insights - Baker Hughes is expected to achieve the midpoint of its fiscal year 2024 guidance, projecting revenues between $27.6 billion and $28.4 billion, and adjusted EBITDA between $4.4 billion and $4.65 billion [1]. - The company reported a revenue of $6.9 billion for Q3 2024, slightly below expectations driven by oilfield services, while the adjusted EBITDA margin was 17.5%, meeting market expectations [1][3]. - The oilfield services and equipment segment generated $3.963 billion in revenue, consistent with market expectations, while the industrial and energy technology segment reported $2.945 billion, which was below market expectations despite a 9% year-over-year growth [1][3]. Summary by Segment Oilfield Services & Equipment - Revenue for this segment was $3.963 billion, flat year-over-year, with an operating income of $547 million, reflecting an 18% increase year-over-year [3]. - The EBITDA margin for this segment was reported at 19.3%, indicating strong profitability [3]. Industrial & Energy Technology - Revenue for this segment was $2.945 billion, showing a 9% year-over-year increase but falling short of market expectations [3]. - The EBITDA margin improved to 17.9%, benefiting from increased sales and pricing power [1][3].