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 ...

研究报告 [Table_Title] Research Report 24 Oct 2024 贝克休斯(BKR US) 良好的利润;预计实现 2024 财年指引中间值 Scott Darling Catherine Li scott.darling@htisec.com catherine.dy.li@htisec.com [Table_yemei1] 热点速评 Flash Analysis [Table_summary] （本报告为2024 年 10 月 23 日发布的英文报告的翻译版，以原稿为准） 事件 我们预计贝克休斯（未被海通国际覆盖）2024 年第三季度的业绩的市场反应为积极，该公司报告调整后的净 EBITDA 为 12.08 亿美元，符合市场预期。该公司超过了其 2024 年第三季度的指导，并预计将实现其 2024 财年指引的中间值 （即收入 276 亿 - 284 亿美元，调整后的 EBITDA 为 44 亿 - 46.5 亿美元）。 点评 稳健的盈利能力;良好的利润率：贝克休斯报告调整后的 EBITDA 为 12.08 亿美元，而市场预期为 1.2 亿美元。收入为 69 亿美元，略低于油田服务 ...

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 September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________to__________ Commission File Number 1-38143 Baker Hughes Company (Exact name of registrant as specified in its charter) Delaware 81-4403168 (State ...

Baker Hughes Company (NASDAQ: BKR ) just reported Q3 results that were a mixed bag, in my opinion, but the markets seem to love the robust backlog and continual improvement in margins. I wanted to take a look at the numbers in MSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time ...

Financial Data and Key Metrics - The company achieved a record quarterly EBITDA with a 23% year-over-year increase, reaching approximately $1.21 billion [23] - EBITDA margins improved by 2.7 percentage points year-over-year to 17.5%, the highest since 2017 [3] - Free cash flow for the quarter was $754 million, bringing year-to-date free cash flow to nearly $1.4 billion [4][24] - GAAP diluted earnings per share were $0.77, with adjusted earnings per share at $0.67, a 59% increase compared to the same quarter last year [23] - The adjusted tax rate declined to 26%, with expectations for the year-end tax rate to be slightly below the midpoint of the full-year guidance range [23] Business Segment Performance - Industrial and Energy Technology (IET) orders remained strong at $2.9 billion, driven by FPSO and gas infrastructure orders [26] - IET revenue for the quarter was $2.9 billion, up 9% year-over-year, with EBITDA of $528 million, a 31% increase [27] - Oilfield Services & Equipment (OFSE) revenue was $4 billion, with EBITDA of $765 million, up 14% year-over-year [28][29] - OFSE EBITDA margins reached 19.3%, up 2.3 percentage points year-over-year, driven by higher pricing and cost efficiencies [29] Market and Strategic Outlook - The company expects global primary energy demand to grow by 10% between now and 2040, driven by population growth and increasing energy intensity in developing countries [9] - Natural gas demand is expected to grow by almost 20% by 2040, with LNG demand increasing by 75% [10] - The company anticipates 800 MTPA of liquefaction capacity by 2030 to meet global LNG demand, with over 200 MTPA currently under construction [11] - The company is focusing on decarbonization technologies, including CCUS, hydrogen, geothermal, and clean power, with new energy orders expected to exceed $1 billion for the first time [6][12] Management Commentary on Operating Environment - The company remains confident in achieving the midpoint of its full-year EBITDA guidance, driven by strong operational performance and margin expansion [4][23] - Management highlighted the shift in customer spending towards global gas and mature fuels, with oil demand fundamentals softening [13] - The company expects global upstream spending in 2025 to be similar to 2024 levels, with a focus on optimizing production from existing assets [14][16] Other Important Information - The company returned $361 million to shareholders in Q3, including $209 million in dividends and $152 million in share repurchases [25] - The company is investing in new technology to extend equipment life and improve efficiency, with over 2,000 upgrade projects executed globally [18][19] - The serviceable equipment base for Gas Technology Services has doubled from 4,400 units in 2000 to 9,000 units in 2023, with expectations for a 20% increase by 2030 [20][21] Q&A Session Summary Question: Global gas infrastructure and IET positioning - The company highlighted the interconnectivity between equipment and services, with recurring service revenue generating 1x to 2x the original equipment revenue over the life cycle [39][40] - LNG service revenue is expected to grow significantly, with the installed base projected to increase by 70% by 2030 [41][42] Question: Margin improvement cadence in IET - The company is confident in achieving a 20% EBITDA margin target in IET by 2026, driven by cost efficiencies, productivity gains, and supply chain improvements [45][47] - Over half of the year-over-year margin improvement is attributed to self-help initiatives, including corporate cost reductions and process improvements [46][47] Question: Revenue growth relative to installed base in Gas Technology Services - Revenue growth is expected to outpace the 20% increase in the installed base by 2030, driven by higher pricing, mix improvement, advanced service solutions, and upgrade opportunities [52][53] Question: IET order outlook for 2024 and 2025 - The company feels confident about achieving the $12.5 billion order target for 2024, with strong momentum in gas infrastructure, FPSO, and new energy orders [57][58] - For 2025, the company expects similar order levels to 2024, with potential growth in LNG FIDs and gas infrastructure projects [59][60] Question: IET revenue rebound in Q4 - The Q3 revenue miss was attributed to timing delays in large projects, with the revenue expected to rebound in Q4 and Q1 [63][64] - The company remains confident in its full-year guidance, with GTE revenue up 33% year-to-date and margins improving significantly [64] Question: IET backlog conversion in 2025 - The company expects robust activity in 2025, with backlog conversion continuing at the same pace as 2024, supported by record RPO levels [68]

LINEA INCO 3Q 2024 Results October 23, 2024 e Baker Hughes Copyright 2024 Baker Hughes Company. All rights reserved. The information contained in this document is company confidential and proprietary property of Baker Hughes and its affiliates. It is used only for the benefit of Baker Hughes and may not be distributed, transmitted, reproduced, altered, or used for any purpose without the express written consent of Baker Hughes. This presentation (and oral statements made regarding the subjects of this prese ...

Baker Hughes Company (BKR) reported third-quarter 2024 adjusted earnings of 67 cents per share, which beat the Zacks Consensus Estimate of 60 cents. The bottom line also improved from the year-ago level of 42 cents. Total quarterly revenues of $6,908 million missed the Zacks Consensus Estimate of $7,193 million. However, the top line increased from the year-ago quarter's $6,641 million. The strong quarterly earnings were primarily driven by higher operational performance across both segments and improving E ...

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 ...