Welcome to our dedicated page for Baker Hughes news (Ticker: BKR), a resource for investors and traders seeking the latest updates and insights on Baker Hughes stock.
Baker Hughes Company reports developments tied to its role as an energy technology company serving energy and industrial customers worldwide. Recurring updates cover oilfield services and equipment, industrial and energy technology, financial results, dividends, governance matters and customer orders for turbomachinery, gas compression, power generation and lifecycle services.
Company news also includes project awards involving NovaLT™ gas turbines, LM-series aeroderivative turbines, centrifugal compressors, remote monitoring and diagnostic services, and inspection technologies through Waygate Technologies. These announcements reflect Baker Hughes' exposure to LNG, pipeline, offshore production, refinery and industrial inspection markets, alongside regular capital-return and earnings communications.
Baker Hughes (NASDAQ: BKR) received a major order from Dynamis Power Solutions for 76 NovaLT™16 gas turbines, packaged with gearboxes and BRUSH™ generators, totaling about 1.3 GW of hypermobile power capacity for data center projects and oil & gas applications.
According to Baker Hughes, the turbines were booked in the second quarter, with associated gearboxes and generators booked in the third quarter. Dynamis will integrate this equipment into its proprietary DT17 hypermobile power platform, designed for modular, compact, utility-grade power with high availability and operational flexibility.
Baker Hughes (NASDAQ: BKR) received a major order in Q2 from Venture Global LNG to provide a comprehensive liquefaction solution for the CP2 LNG expansion project in Louisiana. The award is under the existing master equipment supply agreement between the companies.
The scope covers six liquefaction blocks totaling 12 single mixed-refrigerant (SMR) modules, associated compression trains using Baker Hughes’ centrifugal compressor technology, plus cold boxes, air coolers and integrated control systems. Baker Hughes is a strategic supplier to Venture Global across more than 100 million tonnes per annum of existing and planned LNG production capacity.
Baker Hughes (Nasdaq: BKR) reported second-quarter 2026 orders of $10.5 billion, up 29% sequentially and 49% year-over-year, with Industrial & Energy Technology (IET) orders at a record $7.1 billion. Revenue was $6.7 billion, up 2% sequentially and down 2% year-over-year, mainly due to prior PSI and SPC dispositions.
Net income attributable to Baker Hughes was $681 million, with GAAP diluted EPS of $0.68. Adjusted net income was $640 million and adjusted diluted EPS $0.64. Adjusted EBITDA reached $1,231 million. Operating cash flow was $1,345 million and free cash flow $1,109 million. RPO rose to $40.1 billion, including record IET RPO of $37.1 billion. The company closed the all-cash acquisition of Chart and agreed to sell Waygate Technologies for approximately $1.45 billion, while raising full-year IET order guidance and its 2026–2028 Horizon 2 IET orders outlook to more than $45 billion, according to Baker Hughes.
Baker Hughes (NASDAQ: BKR) announced that its Board of Directors has declared a quarterly cash dividend of $0.23 per share on its Class A common stock. The dividend is payable on August 17, 2026, to shareholders of record as of August 7, 2026. According to Baker Hughes, the dividend is expected to be funded from cash generated from operations.
Baker Hughes (NASDAQ: BKR) has completed its acquisition of Chart Industries (NYSE: GTLS), which will operate as Baker Hughes’ third reporting segment. The company describes the deal as a key milestone in its strategy to become a higher-value industrialized energy solutions provider.
According to Baker Hughes, the acquisition is expected to support more durable earnings and cash flow through an expanded industrial portfolio and enhanced recurring aftermarket services. The company targets $325 million in annualized cost synergies within three years, with additional upside from commercial synergies. Chart, which reported $4.3 billion in 2025 revenue and serves customers in over 50 countries, brings differentiated capabilities in air and gas handling, thermal management, and lifecycle services. Baker Hughes has appointed Jim Apostolides as senior vice president to lead the new Chart segment and is pursuing integration under the Baker Hughes Business System while maintaining a net leverage target of 1.0–1.5x within 24 months.
S&P Dow Jones Indices announced that BrightSpring Health Services (NASD: BTSG) will move from the S&P SmallCap 600 to the S&P MidCap 400, replacing Chart Industries (NYSE: GTLS), effective before the market opens on July 17, 2026. Karman Holdings (NYSE: KRMN) will join the S&P SmallCap 600, replacing BrightSpring on the same date. These index changes follow Baker Hughes (NASD: BKR) agreeing to acquire Chart Industries in a transaction expected to close on July 16, 2026, subject to final closing conditions.
Baker Hughes (NASDAQ:BKR) received three substantial awards for Cheniere’s Sabine Pass LNG facility in Louisiana, booked in Q2 2026.
Contracts from Bechtel and Cheniere cover Train 7 liquefaction equipment, a boil-off gas re-liquefaction unit, and a four-year fleet-wide gas turbine upgrade program, supporting over 6 MTPA of added LNG capacity.
Baker Hughes (NASDAQ:BKR) and Kodiak Gas Services (NYSE:KGS) entered a multi-year strategic agreement for gas turbine power solutions supporting U.S. data center and energy infrastructure growth.
The framework enables up to 1.8 GW of generation capacity, including an initial award of about 1 GW to be delivered by 2030 for scalable, behind-the-meter projects in key U.S. markets.
Baker Hughes (NASDAQ:BKR) scheduled its second-quarter 2026 earnings release and webcast. The company will issue results for the quarter ending June 30, 2026, on Sunday, July 26, 2026, at 5 p.m. ET (4 p.m. CT). A webcast to discuss the results will follow on Monday, July 27, 2026, at 9:30 a.m. ET (8:30 a.m. CT), accessible via the Baker Hughes investor website, with an archived replay available afterward.
Baker Hughes (NASDAQ:BKR) received a significant award from Azule Energy to deliver subsea production systems for Angola’s Greater PAJ ultra-deepwater development.
The agreement includes deepwater horizontal tree systems, subsea control modules, workover control systems, tooling and services, with subsea tree deliveries expected to begin in 2027.