Baker Hughes Company (BKR) reported first-quarter 2024 adjusted earnings of 43 cents per share, which beat the Zacks Consensus Estimate of 40 cents. The bottom line also improved from the year-ago quarter’s level of 28 cents.Total quarterly revenues of $6,418 million beat the Zacks Consensus Estimate of $6,341 million. The top line also increased from the year-ago quarter’s level of $5,716 million.Strong quarterly results were primarily driven by significant contracts in the Oilfield Services and Equipment ...

Baker Hughes (BKR) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.50%. A quarter ago, it was expected that this oilfield services company would post earnings of $0.47 per share when it actually produced earnings of $0.51, delivering a surprise of 8.51%.Over the last four quarters, ...

Remaining Performance Obligations (RPO) in the first quarter ended at $32.7 billion, a decrease of $0.8 billion from the fourth quarter of 2023. OFSE RPO was $3.4 billion, down 5% sequentially, while IET RPO was $29.3 billion, down 2% sequentially. Within IET RPO, Gas Technology Equipment RPO was $11.5 billion and Gas Technology Services RPO was $14.6 billion. Exhibit 99.1 Baker Hughes Company Announces First-Quarter 2024 Results First-quarter highlights • Orders of $6.5 billion, including $2.9 billion of I ...

Baker Hughes to supply 17 pipeline centrifugal compressors driven by state-of-the-art aeroderivative gas turbinesAward builds on Master Gas System Phase 1 & 2 agreement, which saw Baker Hughes deliver 18 centrifugal compressors driven by aeroderivative gas turbinesNew pipeline aims to increase gas distribution across Saudi Arabia, supporting the Kingdom's ambition to reduce carbon emissions HOUSTON and LONDON, April 23, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR), an energy technology company, announ ...

In its weekly release, Baker Hughes Company (BKR) stated that the U.S. rig count was higher than the prior week’s figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications.Baker Hughes’ data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. The number of active rigs and its comparison with the week-ago figure indicates the demand trajectory for the company’s oilfie ...

Baker Hughes Company (BKR) has witnessed upward earnings estimate revisions for 2024 and 2025 in the past seven days.The stock, currently carrying a Zacks Rank #3 (Hold), has rallied 9.8% in the past year. Image Source: Zacks Investment Research Factors Driving the StockFavorable Style ScoreBaker Hughes has an impressive Value Score of B and a Growth Score of B. Value Score helps find stocks that are undervalued. Back-tested results have shown that stocks with a favorable Value Score, combined with a solid ...

Baker Hughes Company (BKR) is set to report first-quarter 2024 results on Apr 23, after the closing bell.In the last reported quarter, the oilfield service provider’s adjusted earnings of 51 cents per share beat the Zacks Consensus Estimate of 47 cents, driven by higher contributions from the Oilfield Services and Equipment and the Industrial & Energy Technology business units.The company beat on earnings in each of the trailing four quarters, delivering an average surprise of 11.44%. This is depicted in th ...

In its weekly release, Baker Hughes Company (BKR) stated that the U.S. rig count was lower than the prior week’s figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications.Baker Hughes’ data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. The number of active rigs and its comparison with the week-ago figure indicates the demand trajectory for the company’s oilfiel ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Baker Hughes (BKR) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 23, 2024, might help the stock move higher if these key numbers are better than expec ...

Baker Hughes Company (BKR) ), a leading energy technology company, has recently clinched a significant deal from Black & Veatch, a global leader in engineering, construction and consulting services.The contract involves supplying electric-driven liquefaction technologies for the Cedar LNG project in Canada, marking a pivotal step toward environmentally conscious liquefied natural gas (LNG) production. This collaboration highlights the commitment of both companies toward fostering greener energy practices an ...