Baker Hughes Secures Strategic Gas Technology Order Supporting Argentina’s Gas Infrastructure

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.

Rhea-AI Summary

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.

Positive

• Order secured for three NovaLT16 gas turbines and three centrifugal compressors
• First South America deployment of NovaLT™ gas turbine technology
• Supports LNG exports by feeding Southern Energy’s two floating LNG vessels

Negative

• Contract value and delivery schedule not disclosed in the announcement
• No financial impact or revenue guidance provided

Argus Apr 7 session

+0.91% close to close Open Argus

Details

News Market Reaction – BKR

On Apr 7, the day this news came out, BKR closed 0.91% above the previous close.

Data tracked by StockTitan Argus for the Apr 7 session.

Key Figures

NovaLT™16 gas turbines: 3 units Centrifugal compressors: 3 units Floating LNG vessels: 2 vessels +5 more

NovaLT™16 gas turbines

3 units

Order for Argentina gas pipeline project

Centrifugal compressors

3 units

Order package with NovaLT™16 turbines

Floating LNG vessels

2 vessels

Feed gas supply for Southern Energy’s LNG ships

Industrial & Energy Technology orders

$14.9 billion

2025 performance in DEF 14A

Remaining performance obligation

$32.4 billion

2025 year-end backlog metric

Oilfield Services & Equipment revenue

$14.3 billion

2025 full-year revenue

Free cash flow

$2.73 billion

2025 full-year free cash flow

Cash returned to shareholders

$1.3 billion

2025 capital returns disclosed in proxy

Historical Context

5 past events · Latest: Mar 24

5 events

1. Mar 24

   AI data center partnership

   24h Move

   +1.5%

   AI-enabled power optimization collaboration with Google Cloud for data centers.

2. Mar 23

   Offshore LNG contract win

   24h Move

   +3.6%

   Selection to supply compression and power equipment for ST LNG’s U.S. project.

3. Mar 20

   Earnings date notice

   24h Move

   -0.6%

   Announcement of Q1 2026 earnings release and webcast schedule.

4. Mar 18

   Service pact with Petrobras

   24h Move

   +0.8%

   60‑month strategic service agreement for up to 64 gas turbines in Brazil.

5. Mar 12

   Industry award recognition

   24h Move

   -5.2%

   Waygate Technologies named Frost & Sullivan 2026 Global Company of the Year.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

lng, turbomachinery, gas compression units, floating lng vessels, +4 more

8 terms

lng technical

"to support Argentina’s LNG exportsThese gas compression units mark the first use"

Liquefied natural gas (LNG) is natural gas that has been cooled into a liquid so it takes up far less space for transport and storage, like turning a bulky bundle into a compact package for shipping. Investors care because LNG enables gas trade across regions without pipelines, so changes in production, export capacity, shipping, or demand can quickly affect energy company revenues, infrastructure operators and commodity prices, amplifying both opportunity and risk.

turbomachinery technical

"reflecting growing demand for high-efficiency, lower-emissions turbomachinery HOUSTON and LONDON"

Turbomachinery are machines with spinning parts that move or extract energy from fluids like air, steam, or water — examples include turbines, compressors, pumps and fans. Investors care because these machines are central to power plants, aircraft engines, industrial plants and oil and gas facilities; their efficiency, reliability and maintenance needs directly affect operating costs, revenue potential and capital spending, much like the engine in a car determines fuel use and repair bills.

gas compression units technical

"it has secured a strategic order from San Matias Pipeline S.A. to supply three gas compression units for"

Gas compression units are machines or sets of equipment that squeeze natural gas to raise its pressure so it can move through pipelines, be stored, or enter processing facilities — think of them like a pump that pushes air through a long hose. For investors, they matter because the number, condition and efficiency of these units influence a producer’s ability to deliver gas, control operating costs, meet contracts and comply with safety and environmental rules, all of which affect revenue and risk.

floating lng vessels technical

"providing feed gas to Southern Energy’s two floating LNG vessels."

A floating LNG vessel is a ship-sized facility that extracts, cools and turns natural gas into liquid form at sea so it can be stored and shipped—think of a factory built on a boat. Investors care because these vessels let energy producers reach offshore gas fields without costly onshore plants, creating potential revenue quickly but also concentrating large upfront costs, operational risks, and regulatory or environmental liabilities in a single asset.

midstream gas compression technical

"suitability for midstream gas compression applications supporting LNG value chains."

Midstream gas compression means the machines and stations that pressurize natural gas so it can flow through pipelines, be stored, or reach processing plants; think of them as the pumps that keep gas moving in a delivery system between wells and customers. It matters to investors because compression affects how much gas can be transported, the fees or income pipeline owners earn, and the costs and reliability of service—so equipment outages, capacity limits or upgrades can change revenue and operating expenses.

ebitda financial

"Oilfield Services & Equipment revenue of $14.3 billion and EBITDA of $2.62 billion at"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

View in glossary

free cash flow financial

"a 5% increase in adjusted EBITDA, $2.73 billion of free cash flow, and $1.3 billion"

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

View in glossary

senior unsecured notes financial

"issued $6.5 billion of senior unsecured notes in five tranches and €3 billion"

Senior unsecured notes are a type of loan a company borrows from investors, promising to pay back with interest. They are called "unsecured" because they aren’t backed by specific assets like buildings or equipment, but "senior" because they are paid back before other debts if the company gets into trouble. Investors see them as a relatively safer way for companies to raise money.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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• Baker Hughes to supply three NovaLT™16 gas turbines with three centrifugal compressors and related services for a pipeline project to support Argentina’s LNG exports
• These gas compression units mark the first use of Baker Hughes’ NovaLT™ gas turbine technology in South America, reflecting growing demand for high-efficiency, lower-emissions turbomachinery

HOUSTON and LONDON, April 07, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Tuesday it has secured a strategic order from San Matias Pipeline S.A. to supply three gas compression units for a major natural gas pipeline project in Argentina.

The order consists of three NovaLT™16 gas turbines equipped with three centrifugal compressors, along with commissioning services, spare parts, special tools, and remote monitoring and diagnostic capabilities. This equipment will be installed at a gas compressor station near Allen, Río Negro, to support the transportation of natural gas from the Vaca Muerta formation to the Gulf of San Matias through a dedicated pipeline, providing feed gas to Southern Energy’s two floating LNG vessels.

“This award underscores our continued focus on supporting critical gas infrastructure that enables secure, reliable and lower-emission energy systems as we expand our presence in strategic growth markets across Latin America,” said Baker Hughes Chief Growth & Experience Officer and interim Executive Vice President of Industrial & Energy Technology Maria Claudia Borras. “Natural gas plays a strategic role in strengthening energy security and enabling scalable pathways to global LNG markets, particularly in regions with significant resource potential such as Argentina.”

The project also marks the first utilization of Baker Hughes’ NovaLT™ gas turbine technology in South America, reflecting growing demand for high-efficiency, lower-emissions turbomachinery with competitive delivery timelines. The NovaLT™16 platform was selected for its performance, efficiency, delivery advantages, and suitability for midstream gas compression applications supporting LNG value chains.

About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

For more information, please contact:

Media Relations

Chiara Toniato 
+39 3463823419 
Chiara.toniato@bakerhughes.com

Investor Relations

Chase Mulvehill
+1 346-297-2561
investor.relations@bakerhughes.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Baker Hughes (BKR) announce on April 7, 2026 about the Argentina order?

Baker Hughes announced an order to supply three NovaLT™16 turbines and compressors for an Argentina pipeline compressor station. According to Baker Hughes, the package includes commissioning, spare parts, special tools, and remote monitoring to support LNG export infrastructure.

How will the Baker Hughes (BKR) equipment support Argentina's LNG exports?

The supplied turbines and compressors will power a compressor station moving Vaca Muerta gas to the Gulf of San Matias. According to Baker Hughes, this provides feed gas to Southern Energy’s two floating LNG vessels, enabling pipeline-to-LNG value chain support.

Why was the NovaLT™16 platform chosen for the Argentina pipeline project?

Baker Hughes selected the NovaLT™16 for its performance, efficiency and delivery advantages for midstream compression. According to Baker Hughes, the platform suits lower-emissions, high-efficiency turbomachinery needs with competitive delivery timelines.

Is the Baker Hughes (BKR) NovaLT™ technology new to South America?

Yes, this order marks the first use of NovaLT™ gas turbine technology in South America. According to Baker Hughes, the deployment reflects growing regional demand for high-efficiency, lower-emissions turbomachinery.

Did Baker Hughes (BKR) disclose contract value or timing for the Argentina supply?

No, the announcement did not disclose contract value or a specific delivery schedule. According to Baker Hughes, the scope includes equipment, services, spare parts and remote diagnostics, but financial terms were not provided.