Core Viewpoint - Baker Hughes will announce its first quarter results for the period ending March 31, 2025, on April 22, 2025, with a subsequent webcast to discuss these results on April 23, 2025 [1]. Company Information - Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers globally, leveraging over a century of experience and operating in more than 120 countries [3]. - The company focuses on innovative technologies and services aimed at making energy safer, cleaner, and more efficient for both people and the planet [3]. Webcast Access - Listeners can access the webcast by visiting the Baker Hughes investor relations website, where an archived version will also be available after the live event [2]. Contact Information - For investor relations inquiries, Chase Mulvehill can be contacted at +1 346-297-2561 or via email at investor.relations@bakerhughes.com [4]. - For media relations, Adrienne M. Lynch is available at +1 713-906-8407 or media.relations@bakerhughes.com [4].

Core Viewpoint - Baker Hughes and NextDecade Corporation have entered into a framework agreement for the utilization of Baker Hughes' gas turbine and refrigerant compressor technology at the Rio Grande LNG Facility, which is expected to enhance the efficiency and reliability of LNG operations [1][2]. Group 1: Agreement Details - NextDecade plans to use Baker Hughes' Equipment Packages and enter into maintenance service agreements for Trains 4 through 8 at the Rio Grande LNG Facility [1][2]. - The agreement signifies a continuation of the long-standing relationship between Baker Hughes and NextDecade, aimed at supporting increasing energy demand through innovative solutions [2][3]. Group 2: Project Progress - NextDecade is advancing on the commercialization of Rio Grande LNG Trains 4 and 5, with expectations to make positive final investment decisions and commence construction, contingent on governmental approvals and financing [2][3]. - The company is also developing Trains 6 through 8, which are expected to increase total liquefaction capacity by approximately 18 million tonnes per annum once operational [3]. Group 3: Company Backgrounds - Baker Hughes is an energy technology company providing solutions globally, with a focus on making energy safer, cleaner, and more efficient [4]. - NextDecade is committed to delivering reliable, lower carbon energy solutions, focusing on natural gas liquefaction and carbon capture and storage infrastructure, with a potential liquefaction capacity of approximately 48 million tonnes per annum [5].

Group 1: Collaboration and Agreements - Baker Hughes and Woodside Energy have strengthened their collaboration through a new Technology Development Agreement (TDA) aimed at developing small-scale decarbonization solutions leveraging Net Power's platform [1][2] - This initiative builds on a 2022 Memorandum of Understanding (MoU) focused on reducing emissions across the natural gas supply chain and follows a 10-year service frame agreement signed in July 2024 to support Woodside's LNG operations in Australia [2] Group 2: Technology and Innovation - The patented Net Power platform generates electricity using natural gas while capturing nearly all associated carbon dioxide (CO2) emissions, with Baker Hughes holding exclusive rights to the platform's small-scale applications [3] - The TDA will assess the feasibility of scaling Net Power's technology to meet different industrial needs, with plans to incorporate additional development partners [4] Group 3: Industry Commitment and Future Outlook - Woodside's executive vice president emphasized the company's commitment to leveraging advanced carbon capture and utilization technologies in collaboration with Baker Hughes [5] - The partnership is expected to expand Net Power's reach beyond utility-scale projects, highlighting Baker Hughes' growing role in industrial decarbonization and the transition toward cleaner energy solutions [6]

Core Insights - Baker Hughes and Woodside Energy announced a joint initiative to develop a lower carbon power generation technology solution utilizing the Net Power platform, targeting oil and gas, heavy industries, and smaller scale applications [1][2] - The collaboration builds on a 2022 Memorandum of Understanding aimed at decarbonizing the natural gas supply chain, now formalized through a Technology Development Agreement [2][3] - The initiative will assess the feasibility and scalability of the Net Power platform, with plans to involve additional development partners [3][4] Company Overview - Baker Hughes is an energy technology company providing solutions to energy and industrial customers globally, with operations in over 120 countries [6] - Woodside Energy is a global energy company based in Australia, focused on providing reliable and affordable energy [7] Technology Development - The Net Power platform is designed to generate affordable power using natural gas while capturing nearly all carbon dioxide emissions [2] - Baker Hughes is the exclusive provider of the small-scale application of the Net Power platform, with ongoing development and testing at a demonstration facility in Texas [4] - The collaboration aims to leverage combined engineering and carbon capture utilization and storage (CCUS) capabilities to explore lower-carbon emissions power solutions [5]

Core Insights - Baker Hughes and Frontier Infrastructure have formed a strategic partnership to enhance large-scale carbon capture and storage (CCS) and power solutions in the U.S. [1][5] - Frontier is developing the Sweetwater Carbon Storage Hub, which is one of the largest carbon sequestration assets in the U.S., covering nearly 100,000 acres in Wyoming [2][7] - The partnership aims to optimize project execution and increase efficiency in developing CCS and power generation projects [3][7] Company Developments - Baker Hughes will provide technology solutions, including CO₂ compression and well design, to support the SCS Hub and future infrastructure projects [3][7] - Frontier is expanding its infrastructure with 256 megawatts (MW) of gas-fired generation to meet rising energy demands in Wyoming and Texas [4][7] - The integration of gas-fired energy with carbon storage is positioned as a reliable power solution for industrial customers [5][7] Market Context - The partnership addresses the increasing energy demand driven by the rapid expansion of data centers and industrial operations [4][5] - Baker Hughes emphasizes its commitment to supporting decarbonization efforts while meeting energy demands, particularly in the context of AI adoption [5][7] - Frontier Infrastructure is recognized as a leader in low-carbon infrastructure solutions, focusing on scalable carbon storage and power generation [8]

Core Insights - Baker Hughes has appointed Ahmed Moghal as the new CFO, succeeding Nancy Buese, effective immediately [1][2][3] - The company is focused on driving profitable growth and enhancing margins as it enters the next phase of its strategic transformation [2] - Baker Hughes reaffirmed its financial outlook for Q1 and full-year 2025, projecting solid EBITDA growth and a 20% EBITDA margin for its OFSE segment in 2025 and IET segment in 2026 [2] Leadership Changes - Ahmed Moghal has been with Baker Hughes since 2023 as CFO of the Industrial & Energy Technology business and has extensive experience in financial leadership roles [3] - Nancy Buese will transition to a strategic adviser role and depart the company on April 30, 2025 [3] Strategic Focus - The company aims to leverage its IET portfolio, expand in the natural gas and LNG value chain, and enhance growth in new energy and digital businesses [2] - Baker Hughes is committed to returning 60% to 80% of free cash flow to shareholders [2]

Core Insights - Albert Anthony is a Croatian-American media personality who has gained over 1,000 followers on investor platforms since 2023, focusing on markets and stocks [1] - He is set to launch a new book titled "Financial Markets: Growing A Dividend Income Portfolio" in 2025, coinciding with an ongoing series of articles on the same topic [1] - Albert Anthony has a background in management and information systems, having worked in the IT department of a top-10 financial firm [1] Company Profile - Albert Anthony & Co. is a sole proprietorship registered in Austin, Texas, and is wholly owned by Albert Anthony [1] - The company does not provide personalized financial advisory services but offers general market commentary based on publicly available data [1] - Albert Anthony has launched the Future Investor Fund, focusing on building a dividend portfolio [1] Educational Background - Albert Anthony has completed degrees and certificates from several institutions, including Drew University, Corporate Finance Institute, UVA Darden School of Business, CompTIA, and Microsoft [1] - He has attended various business and innovation conferences in Southeast Europe and has spoken at startup and digital nomad events in Croatia and Austin [1]

Core Insights - Baker Hughes Company has introduced three electrification technologies aimed at enhancing reliability, efficiency, and sustainability in energy operations [1] - The innovations include Hummingbird, SureCONTROL Plus, and an all-electric subsea production system, announced at the company's 25th Annual Meeting in Florence, Italy [1] Group 1: Hummingbird Technology - Hummingbird is the first fully electric land cementing unit, replacing diesel engines with grid-connected or battery-powered motors, which reduces emissions and noise while lowering maintenance costs [2] - The system enhances reliability, particularly in high-pressure operations, with advanced monitoring for improved cement job control [2] Group 2: SureCONTROL Plus - SureCONTROL Plus interval control valves provide an electric alternative to traditional hydraulic systems, reducing rig time and operational complexity [3] - These valves enable more efficient zonal control of subsea and dry tree wells while supporting proactive maintenance through continuous digital monitoring [3] Group 3: All-Electric Subsea Production System - The all-electric system is expected to improve production control, increase reliability, and reduce carbon emissions throughout the field's lifecycle [4] - By eliminating hydraulics, Baker Hughes aims to cut costs, installation time, and complexity in subsea developments, making it suitable for both shallow and deep-water operations [4] Group 4: Corporate Commitment - Amerino Gatti, executive vice president of Oilfield Services & Equipment at Baker Hughes, emphasized the importance of reducing the carbon footprint in hydrocarbon production [5] - The company aims to advance electrification across the production value chain to improve efficiency, enhance safety, and promote sustainable operations [5] - Baker Hughes continues to expand its footprint in both traditional oil and gas and new energy applications, reinforcing its commitment to cleaner and more efficient energy solutions [6]

Baker Hughes Company (BKR) , a leading global oilfield services provider, announced that it has secured an order associated with the expansion of Saudi Aramco’s Jafurah gas field.Baker Hughes has received the order from Tecnicas Reunidas for six gas compression trains and propane compressors that are part of Phase 3 of the Jafurah gas field expansion. The gas field is located in the Kingdom of Saudi Arabia.Per BKR, the order was officially recorded in the fourth quarter of 2024. The oilfield services giant ...

Core Insights - Baker Hughes (BKR) reported revenue of $7.36 billion for the quarter ended December 2024, reflecting a year-over-year increase of 7.7% and surpassing the Zacks Consensus Estimate by 3.81% [1] - The company's EPS for the quarter was $0.70, up from $0.51 in the same quarter last year, exceeding the consensus estimate of $0.63 by 11.11% [1] Financial Performance - Total orders for Baker Hughes amounted to $7.50 billion, slightly below the average estimate of $7.73 billion [4] - Oilfield Services & Equipment orders were reported at $3.74 billion, compared to an average estimate of $4.63 billion [4] - Revenue from Oilfield Services & Equipment in North America was $971 million, exceeding the average estimate of $857.38 million, but showing a year-over-year decline of 4.6% [4] - Revenue from Industrial & Energy Technology reached $3.49 billion, surpassing the average estimate of $3.27 billion, with a year-over-year increase of 21.3% [4] - Revenue from Gas Technology Equipment was $1.66 billion, exceeding the average estimate of $1.47 billion, reflecting a year-over-year increase of 37.9% [4] Stock Performance - Baker Hughes shares have returned +10.7% over the past month, outperforming the Zacks S&P 500 composite's +1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]