Financial Performance - Revenue for the quarter was $6.4 billion, consistent year-over-year, but a decrease of 13% sequentially [20]. - Attributable net income was $402 million, down 66% sequentially and 12% year-over-year [5]. - Adjusted EBITDA for the quarter was $1,037 million, up 10% year-over-year but down 21% sequentially [23]. - OFSE revenue for Q1 2025 was $3,499 million, down 10% sequentially and 8% year-over-year [30]. - IET revenue for Q1 2025 was $2,928 million, an increase of 11% year-over-year, led by Gas Technology Equipment, which rose 20% [33]. - Adjusted net income attributable to Baker Hughes for Q1 2025 was $509 million, compared to $694 million in Q1 2024 [38]. - Revenue for the three months ended March 31, 2025, was $6,427 million, a slight increase from $6,418 million in the same period of 2024, representing a growth of 0.14% [41]. - Net income attributable to Baker Hughes Company for Q1 2025 was $402 million, down from $455 million in Q1 2024, reflecting a decrease of 11.65% [41]. - Basic income per Class A common stock decreased to $0.41 in Q1 2025 from $0.46 in Q1 2024, a decline of 10.87% [41]. Orders and Backlog - Total orders for the first quarter of 2025 were $6.5 billion, including $3.2 billion from the Industrial & Energy Technology (IET) segment [5]. - Remaining Performance Obligations (RPO) totaled $33.2 billion, with IET RPO at a record $30.4 billion [25]. - OFSE orders for Q1 2025 were $3,281 million, a decrease of 12% sequentially and 9% year-over-year [30]. - IET orders for Q1 2025 increased to $3,178 million, up 9% year-over-year, driven by a 17% increase in Gas Technology [33]. Cash Flow and Assets - Cash flow from operating activities was $709 million, while free cash flow was $454 million [26]. - Free cash flow for Q1 2025 was $454 million, down from $894 million in Q1 2024 [39]. - Total current assets decreased to $16,841 million as of March 31, 2025, from $17,211 million at the end of 2024, a reduction of 2.15% [44]. - Cash and cash equivalents at the end of Q1 2025 were $3,277 million, down from $3,364 million at the end of 2024, a decrease of 2.58% [44]. - Net cash flows provided by operating activities for Q1 2025 were $709 million, compared to $784 million in Q1 2024, a decline of 9.55% [46]. Dividends and Shareholder Returns - Dividends paid in Q1 2025 increased to $229 million from $210 million in Q1 2024, an increase of 9.05% [46]. - The company reported a total of 990 million outstanding Class A common stock shares as of March 31, 2025, unchanged from the previous period [44]. Segment Performance - Segment EBITDA for Q1 2025 was $623 million, a decrease of 18% sequentially, primarily due to lower volume [31]. - Segment EBITDA for IET was $501 million in Q1 2025, reflecting a 30% increase year-over-year due to productivity and positive pricing [34]. - EBITDA margin for OFSE was 17.8% in Q1 2025, down from 19.5% in Q4 2024 [30]. Strategic Developments - The company secured a liquefaction train award from Bechtel for a North America LNG project, enhancing its LNG leadership position [9]. - Baker Hughes signed strategic agreements with LNG operators, including NextDecade and Argent LNG, to provide gas turbines and refrigerant compressor technology [10]. - The company made significant progress in deploying sustainable power solutions for data centers, including over 350 MW of NovaLT™ turbines [12]. - Baker Hughes received a multi-year contract from ExxonMobil Guyana for specialty chemicals and related services in offshore developments [16]. Research and Development - Research and development costs decreased to $146 million in Q1 2025 from $164 million in Q1 2024, a reduction of 10.98% [41]. Liabilities - Total liabilities decreased to $20,880 million as of March 31, 2025, from $21,020 million at the end of 2024, a decrease of 0.67% [44].

First-quarter highlights Orders of $6.5 billion, including $3.2 billion of IET orders.RPO of $33.2 billion, including record IET RPO of $30.4 billion.Revenue of $6.4 billion, consistent year-over-year.Attributable net income of $402 million.GAAP diluted EPS of $0.40 and adjusted diluted EPS* of $0.51.Adjusted EBITDA* of $1,037 million, up 10% year-over-year.Cash flows from operating activities of $709 million and free cash flow* of $454 million.Returns to shareholders of $417 million, including $188 million ...

Baker Hughes (BKR) is set to report first-quarter 2025 results on April 22, after the closing bell.In the last reported quarter, its adjusted earnings of 70 cents per share beat the Zacks Consensus Estimate of 63 cents, primarily driven by higher operational performance across both segments and an improving EBITDA margin.Earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 11.7%. This is depicted in the graph below:Estimate TrendThe Zacks C ...

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Baker Hughes, driven by higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2] Earnings Expectations - Baker Hughes is expected to report quarterly earnings of $0.47 per share, reflecting a +9.3% year-over-year change, with revenues projected at $6.51 billion, up 1.5% from the previous year [3] Estimate Revisions - The consensus EPS estimate has been revised 1.45% lower in the last 30 days, indicating a reassessment by analysts [4] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.95%, indicating a likelihood of beating the consensus EPS estimate [10][11] Historical Performance - Baker Hughes has consistently beaten consensus EPS estimates, achieving this in the last four quarters, including a +11.11% surprise in the most recent quarter [12][13] Investment Considerations - While a positive earnings surprise is a strong indicator of potential stock performance, other factors may also influence stock movement post-earnings release [14][16]

Baker Hughes (BKR) shares soared 10.7% in the last trading session to close at $38.75. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 16.4% loss over the past four weeks.Oil prices have bounced back as investors remain hopeful that an energy market downturn is unlikely, thanks to a broader market recovery following President Donald Trump's move to pause "reciprocal" tariff hikes and implement a lower 10% tariff rate for most cou ...

Core Viewpoint - Baker Hughes (BKR) is positioned well to continue its trend of beating earnings estimates, particularly in the oil and gas field services industry [1]. Earnings Performance - Baker Hughes has a strong track record of beating earnings estimates, with an average surprise of 11.39% over the last two quarters [2]. - In the most recent quarter, the company reported earnings of $0.70 per share against an expectation of $0.63, resulting in a surprise of 11.11% [2]. - For the previous quarter, Baker Hughes exceeded the consensus estimate of $0.60 per share by reporting $0.67, achieving a surprise of 11.67% [2]. Earnings Estimates and Predictions - Estimates for Baker Hughes have been trending higher, influenced by its history of earnings surprises [5]. - The company currently has a positive Zacks Earnings ESP (Expected Surprise Prediction) of +1.87%, indicating bullish sentiment among analysts regarding its near-term earnings potential [8]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a strong possibility of another earnings beat in the upcoming report [8]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7]. Future Outlook - Baker Hughes is expected to release its next earnings report on April 22, 2025, which could further validate its positive earnings trajectory [8].

Company Overview - Baker Hughes Company, based in Houston, TX, is one of the world's largest oilfield service providers, offering integrated oilfield products and digital solutions to help customers refine and transport hydrocarbons efficiently and with low environmental impact [11] - The company is capitalizing on the growing demand for clean energy and investments in LNG terminals, expanding its reach beyond traditional oilfields [11] Investment Metrics - Baker Hughes has a Zacks Rank of 3 (Hold) and a VGM Score of B, indicating a solid position in the market [12] - The company has a Value Style Score of B, supported by attractive valuation metrics, including a forward P/E ratio of 17.37, which may appeal to value investors [12] - Over the last 60 days, eight analysts have revised their earnings estimates higher for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.04 to $2.59 per share [12] - Baker Hughes has an average earnings surprise of 11.7%, suggesting potential for positive performance [12] Investment Recommendation - With a solid Zacks Rank and strong Value and VGM Style Scores, Baker Hughes is recommended for investors' consideration [13]

Core Insights - Baker Hughes Company has secured a multi-year contract with Dubai Petroleum Establishment to provide integrated coiled-tubing drilling services for the Margham Gas storage project, enhancing its role in Dubai's energy transition and security [1][6] Group 1: Contract and Project Details - The Margham Gas project is crucial for Dubai's energy stability, facilitating a flexible transition between natural gas and solar power [2] - This contract follows a previous agreement for Baker Hughes to supply Integrated Compressor Line units for gas storage, further integrating the company's technology into Dubai's energy landscape [3] Group 2: Technology and Innovation - Baker Hughes will utilize its advanced CoilTrak coiled-tubing bottomhole assembly system, which improves reservoir connectivity and enhances the efficiency of slim-hole multilateral drilling [4] - The company's integrated approach combines advanced technology and industry experience to support Dubai Petroleum Establishment in developing secure, reliable, and low-carbon energy solutions [5] Group 3: Strategic Importance - This contract solidifies Baker Hughes' presence in Dubai's energy sector, reinforcing its commitment to delivering innovative solutions that promote reliability and sustainability in the region's power infrastructure [6]

CoilTrak™ system allows for increased reservoir connectivity through efficient slim-hole multilateral drillingProject strengthens Dubai’s low-carbon energy capabilitiesAward follows major order for Baker Hughes’ Integrated Compressor Line (ICL) units HOUSTON and LONDON, March 26, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday a multi-year contract with Dubai Petroleum Establishment (DPE), for and on behalf of Dubai Supply Authority (DUSUP), to provide ...

Core Insights - Baker Hughes has secured a multi-year integrated completions systems contract with Petrobras, aimed at optimizing production in Brazil's deepwater fields [1][5] - The contract will utilize Baker Hughes' advanced completions technology portfolio, including intelligent completions and conventional solutions, to enhance remote operations and multizone control [2][4] - The deployment of new technologies, such as the SureCONTROL Premium interval control valve, will improve reliability and allow real-time responses to well conditions [3][4] Technology and Innovation - Baker Hughes' completions technologies are specifically designed for deepwater, high-pressure wells, ensuring reliability in challenging environments [3] - The company will provide a range of technologies, including SureSENS downhole gauges, monitoring systems, chemical injection systems, and various safety valves [4] - The collaboration with Petrobras emphasizes continual innovation and testing to safely and efficiently develop Brazil's natural resources [3][5] Economic Impact - Baker Hughes has a long-standing role in the development of Brazil's offshore oil and gas fields, contributing to the local economy and strengthening the energy supply chain [5] - The localization strategy of Baker Hughes supports the Brazilian economy while enhancing operational efficiency in energy production [5]