Baker Hughes (BKR) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.42 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 11.67%. A quarter ago, it was expected that this oilfield services company would post earnings of $0.49 per share when it actually produced earnings of $0.57, delivering a surprise of 16.33%. Over the last four quarte ...

Exhibit 99.1 Baker Hughes Baker Hughes Company Announces Third-Quarter 2024 Results Third-quarter highlights • Orders of $6.7 billion, including $2.9 billion of IET orders. • RPO of $33.4 billion, including record IET RPO of $30.2 billion. • Revenue of $6.9 billion, up 4% year-over-year. • Attributable net income of $766 million. • GAAP diluted EPS of $0.77 and adjusted diluted EPS* of $0.67. • Adjusted EBITDA* of $1,208 million, up 23% year-over-year. • Cash flows from operating activities of $1,010 millio ...

Third-quarter highlights Orders of $6.7 billion, including $2.9 billion of IET orders. RPO of $33.4 billion, including record IET RPO of $30.2 billion. Revenue of $6.9 billion, up 4% year-over-year. Attributable net income of $766 million. GAAP diluted EPS of $0.77 and adjusted diluted EPS* of $0.67. Adjusted EBITDA* of $1,208 million, up 23% year-over-year. Cash flows from operating activities of $1,010 million and free cash flow* of $754 million. Returns to shareholders of $361 million, including $152 mil ...

Baker Hughes Company (BKR) has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 60 days. The Zacks Consensus Estimate for its 2024 earnings per share suggests a year-over-year surge of almost 41%. What's Favoring the BKR Stock? The West Texas Intermediate crude price is hovering around the $70-per-barrel mark, which is highly favorable for exploration and production activities. Solid oil prices will likely pave the way for further rig additions despite a slowdown in drilling activi ...

Baker Hughes Company (BKR) is set to report third-quarter 2024 results on Oct. 22, after the closing bell. In the last reported quarter, the oilfield service provider's adjusted earnings of 57 cents per share beat the Zacks Consensus Estimate of 49 cents, driven by significant contracts in its Oilfield Services & Equipment segment, including major contracts with Petrobras and the State Oil Company of Azerbaijan Republic. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. The company bea ...

Gas and nuclear power are set to be a large part of providing energy for decades to come. The best-laid plans of mice and men often go awry, and that's certainly the case with the clean-energy transition. That's not to say it's not happening, but it's taking place slower than many had expected. The future of energy provision still lies in renewable energy. Still, it's becoming increasingly clear that reliable and plentiful energy sources like natural gas and nuclear power also have a significant role to pla ...

Baker Hughes Integrated Compressor Line (ICL) technology to enhance gas swing storage capacity as part of the United Arab Emirates decarbonization strategy Scope includes 10 ICL units to be installed at Margham Gas storage facility in the Emirate of Dubai HOUSTON and LONDON, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Tuesday its largest order ever of Integrated Compressor Line (ICL) units with Dubai Petroleum Establishment (DPE), for and on behalf o ...

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Improving farming productivity, fuel-efficient vehicles, and ramping up oil production are three great success stories of the U.S. economy. It's sometimes easy to forget that innovation isn't just about making shareholders money; it's also about making the world a better place and being rewarded for it in the process. For example, the incredible increase in corn yields over the last few decades helps ensure food supply, growth in the fuel economy helps preserve the environment, and growth in oil and gas pro ...

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