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) reported Q1 2026 results: revenue $6,587M (down 11% sequential, +2% YoY) and net income $930M (+131% YoY). IET delivered record orders of $4.9B and a record backlog of $33.1B with IET book-to-bill of 1.5x. Adjusted EBITDA was $1,158M and adjusted net income was $573M. Cash flow from operations was $500M and free cash flow was $210M. Portfolio actions are expected to generate ~$3B gross proceeds in 2026.
Baker Hughes (NASDAQ: BKR) declared a quarterly cash dividend of $0.23 per share of Class A common stock. The dividend is payable on May 15, 2026 to holders of record as of May 5, 2026. The company expects to fund the dividend from cash generated from operations.
Baker Hughes (NASDAQ: BKR) agreed to sell its Waygate Technologies business to Hexagon in an all-cash transaction valued at approximately $1.45 billion, before customary closing adjustments. The sale covers Waygate’s inspection portfolios, IP, footprint, and resources.
The transaction supports Baker Hughes’ portfolio management and is expected to close in the second half of 2026, subject to customary conditions and regulatory approvals. Proceeds are intended to reinforce the balance sheet and enhance earnings durability and cash flow.
Baker Hughes (NASDAQ: BKR) secured an order to supply three NovaLT™16 gas turbines with three centrifugal compressors, commissioning services, spare parts, special tools, and remote monitoring for a pipeline compressor station near Allen, Río Negro, Argentina.
The equipment will support transport of Vaca Muerta gas to the Gulf of San Matias and provide feed gas to Southern Energy’s two floating LNG vessels; this is the first NovaLT deployment in South America.
Baker Hughes (NASDAQ: BKR) announced a collaboration with Google Cloud on March 24, 2026 to develop AI-enabled power optimization and sustainability solutions for data centers.
The project aims to combine Baker Hughes' turbomachinery and power systems expertise with Google Cloud's AI and analytics to improve efficiency, reliability and reduce carbon intensity for rapidly expanding AI data centers.
Baker Hughes (NASDAQ: BKR) will supply gas compression and power generation equipment for ST LNG’s proposed 8.4 MTPA offshore LNG export terminal near Matagorda, Texas. Scope includes two LM6000PF compressor trains and three NovaLT™16 gas turbine generator packages for the 2.1 MTPA first phase.
ST LNG targets first LNG in Q2 2030; Baker Hughes said it expects to recognize orders as the project advances toward Final Investment Decision.
Baker Hughes (NASDAQ: BKR) will release first-quarter results for the period ending March 31, 2026, via press release on Thursday, April 23, 2026 at 5:00 p.m. ET (4:00 p.m. CT).
A live webcast discussing results will be held Friday, April 24, 2026 at 9:30 a.m. ET (8:30 a.m. CT). Access the live and archived webcast at investors.bakerhughes.com.
Baker Hughes (NASDAQ: BKR) signed a 60-month strategic service agreement with Petrobras to maintain, repair and advise on up to 64 aeroderivative gas turbines supporting Brazil’s offshore FPSOs and the Replan refinery. Work began February 2026 and will be delivered from the Petrópolis service center, with planned capacity expansion and added advanced grinding capabilities to strengthen local supply chain and employment.
Waygate Technologies (NYSE:BKR) was named Frost & Sullivan 2026 Global Company of the Year for remote visual inspection on March 12, 2026. The recognition cites innovation, strategy execution, and customer impact across RVI hardware, intelligent software, and cloud-enabled inspection workflows.
The award highlights Waygate's emphasis on advanced imaging, InspectionWorks cloud collaboration, and partner-led global delivery across aerospace, power generation, oil & gas, and advanced manufacturing.
Baker Hughes (NASDAQ: BKR) issued $6.5 billion of senior unsecured notes across five U.S. dollar tranches and €3 billion across four euro tranches on March 11, 2026. Proceeds are intended to partially fund the proposed acquisition of Chart Industries.
The notes are issued by Baker Hughes Holdings LLC and co-obligor, fully guaranteed by Baker Hughes, and include maturities from 2029 through 2056 and a special mandatory redemption at 101% if the Chart acquisition fails to close.