Core Insights - Baker Hughes Company (BKR) is a leading oilfield service provider with a market cap of $45.4 billion, offering a range of products and services including drilling and integrated well services [1] Performance Overview - BKR shares have outperformed the broader market, gaining 21.9% over the past year compared to the S&P 500 Index's 17.5% increase [2] - Year-to-date in 2025, BKR stock is up 14.7%, slightly lagging behind the S&P 500's 15.6% rise [2] - Compared to the SPDR S&P Oil & Gas Equipment & Services ETF (XES), which gained 1.3% over the past year, BKR's performance is significantly stronger [3] Business Drivers - The strong performance of BKR is attributed to its Industrial & Energy Technology segment, which has seen record LNG equipment bookings and growth in power generation [4] - Key achievements include major LNG contracts and the adoption of Cordant software and gas turbine technology for geothermal projects [4] - The company has identified a $40 billion opportunity in gas infrastructure and energy efficiency by 2028 [4] Financial Results - In Q3, BKR reported an adjusted EPS of $0.68, exceeding Wall Street's expectation of $0.61, with revenue of $7 billion surpassing forecasts of $6.8 billion [5] - Analysts project a 3.8% growth in BKR's EPS to $2.44 for the current fiscal year ending in December [5] - BKR has consistently beaten consensus estimates in the last four quarters [5] Analyst Ratings - Among 20 analysts covering BKR, the consensus rating is a "Strong Buy," with 14 "Strong Buy" ratings, two "Moderate Buys," and four "Holds" [6] - This rating configuration has improved from three months ago, where 13 analysts suggested a "Strong Buy" [7]