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 (BKR) received substantial orders from Venture Global LNG to supply gas compression systems for the Cloud Connector Pipeline in Louisiana and a modular liquefaction solution for the expansion of the Plaquemines LNG facility.
The pipeline award includes 13 Frame 5/2E gas turbine-driven compression systems for LNG feed gas transportation to Plaquemines. The liquefaction order covers four liquefaction blocks with a total of eight electric-motor driven SMR liquefaction modules, including Chart cold boxes and associated compression trains. These awards expand Baker Hughes’ installed fleet for Venture Global’s feed gas pipeline to 23 Frame 5/2E-driven systems and support more than 100 MTPA of existing and planned LNG production capacity.
On Sept. 4, 2026, Baker Hughes (BKR) received a significant bp contract for offshore stimulation services in the UK North Sea. The agreement covers both new well development and enhanced recovery from mature fields across bp’s regional operations.
Baker Hughes will use a vessel-based stimulation solution built around its StimFORCE™ modular stimulation package to support well completions and production optimization. Backed by a UK operating base and local supply chain, the setup is designed to improve operational reliability, reduce non-productive time and provide schedule flexibility for offshore stimulation campaigns.
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Baker Hughes (NASDAQ: BKR) announced a multi-year contract with Kuwait Oil Company (KOC) to serve as a key technology collaborator for KOC’s Ahmadi Innovation Valley (AIV), a flagship in-country research and innovation hub for upstream oil and gas development.
The collaboration will focus on developing and deploying scalable, fit-for-purpose technologies that enhance production and flow assurance using Baker Hughes’ digital and artificial intelligence (AI) automation portfolio. As part of the agreement, Baker Hughes will establish a dedicated research and technology development center in AIV to evaluate new solutions, deliver them at scale, and build local expertise in Kuwait.
Baker Hughes (NASDAQ: BKR) has received a substantial award from Searah North Ganal Limited to supply subsea production systems and digital solutions for the Kutei Northern Hub development offshore Indonesia. The company will provide 17 deepwater horizontal tree systems with associated manifolds, connections, control and distribution systems for the Geng North and Gehem fields.
Baker Hughes will also deploy its Cordant™ asset protection and condition monitoring technology to reduce equipment risk and unplanned downtime. The project will leverage Baker Hughes’ manufacturing and service facilities in Batam and Balikpapan and follows a 2025 flash gas compressor order for the hub’s floating production, storage and offloading vessel.
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.