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 ...

Core Insights - Baker Hughes has been awarded a contract by Frontier Infrastructure Holdings for 16 NovaLT™ gas turbines to provide up to 270 megawatts of power for data center projects in Wyoming and Texas [1][5] - This award is part of a broader collaboration aimed at accelerating carbon capture and storage solutions in the U.S., building on a previous agreement from March 2025 [2][5] - The NovaLT™ gas turbine technology offers a multi-fuel solution, capable of operating on natural gas, hydrogen blends, and 100% hydrogen, enhancing flexibility for customers [3] Company Overview - Baker Hughes is an energy technology company with a century of experience, operating in over 120 countries, focused on providing safer, cleaner, and more efficient energy solutions [4]

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 ...

贝克休斯油服：美国钻探公司连续第二周削减石油和天然气钻机数量。 ...

Core Insights - Baker Hughes reported revenue of $6.43 billion for the quarter ended March 2025, a slight year-over-year increase of 0.1% [1] - The company's EPS for the same period was $0.51, up from $0.43 a year ago, exceeding the consensus estimate of $0.47 by 8.51% [1] - Revenue fell short of the Zacks Consensus Estimate of $6.51 billion, resulting in a surprise of -1.31% [1] Financial Performance - Total orders for the quarter were $6.46 billion, slightly above the average estimate of $6.43 billion [4] - Orders in the Industrial & Energy Technology segment were $3.18 billion, exceeding the $3.09 billion estimate [4] - Oilfield Services & Equipment orders were $3.28 billion, below the $3.42 billion estimate [4] Segment Revenue Analysis - Revenue from Oilfield Services & Equipment International was $2.58 billion, a decline of 7.7% year-over-year, and below the $2.62 billion estimate [4] - North America Oilfield Services & Equipment revenue was $922 million, slightly above the $917.32 million estimate, representing a year-over-year decrease of 6.9% [4] - Revenue from Climate Technology Solutions surged to $178 million, a significant increase of 114.5% year-over-year, surpassing the $146.53 million estimate [4] Stock Performance - Baker Hughes shares have declined by 18.5% over the past month, compared to a 5.1% decline in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]

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]