Welcome to our dedicated page for Baker Hughes Co news (Ticker: BKR), a resource for investors and traders seeking the latest updates and insights on Baker Hughes Co stock.
Baker Hughes Company (NASDAQ: BKR) is an energy technology company serving energy and industrial customers worldwide through its oilfield services and equipment and industrial and energy technology segments. The BKR news feed on Stock Titan aggregates company announcements, project awards, portfolio updates, and financial disclosures drawn from official releases and regulatory filings.
News about Baker Hughes often covers major contracts and technology deployments across the global energy value chain. Recent announcements include awards to supply liquefaction equipment and turbomachinery for large LNG export projects, agreements to provide artificial lift systems and digital production solutions for oil and gas fields, and multi-year arrangements for integrated underbalanced coiled tubing drilling operations. The company also reports on its participation in projects such as low-carbon ammonia plants and geothermal power generation, reflecting the use of its technology in a range of energy applications.
Investors and industry followers can also track Baker Hughes’ portfolio management activities through the news stream, including its planned acquisition of Chart Industries, Inc., the sale of its Precision Sensors & Instrumentation product line to Crane Company, and the formation of a joint venture for its surface pressure control product line with a subsidiary of Cactus, Inc. Earnings releases, segment performance commentary, and updates on remaining performance obligations provide additional context on the company’s financial and operational trends.
By following the BKR news page, readers can review a consolidated view of Baker Hughes’ project awards, technology deployments, strategic transactions, and financial updates as they are reported in public communications and SEC-related disclosures.
One Equity Partners has announced a definitive agreement to sell BRUSH Group's Power Generation business to Baker Hughes (NASDAQ: BKR). This strategic move is aimed at enhancing Baker Hughes’ turbomachinery portfolio and supporting decarbonization solutions. The sale marks a significant exit event for One Equity after one year of investment in BRUSH, which has established itself as a strong standalone company. The deal is expected to close by the end of the year, subject to customary closing conditions.
Baker Hughes (NASDAQ: BKR) has agreed to sell its Oilfield Services business in Russia to the local management team, following its suspension of new investments in the region. The new entity will operate independently, assuming all assets, liabilities, and obligations of OFS Russia. The transaction is expected to close in the second half of 2022, pending local authority approval. Baker Hughes assures support for its employees and customers during the transition, continuing its commitment to operational integrity and compliance with applicable laws and sanctions.
Baker Hughes (NASDAQ: BKR) announced a cash dividend of $.18 per share on its Class A common stock. This dividend will be payable on August 19, 2022, to shareholders on record as of August 9, 2022. The company aims to provide innovative energy solutions globally, reinforcing its commitment to making energy safer and cleaner.
For further details, investors can contact the Investor Relations team at Baker Hughes.
Baker Hughes (BKR) reported $5.9 billion in orders for Q2 2022, down 14% sequentially but up 15% year-over-year. Revenue reached $5.0 billion, increasing 4% sequentially but decreasing 2% compared to the previous year. The company recorded a GAAP operating loss of $25 million, a significant sequential decline, with adjusted operating income rising 8% sequentially to $376 million. Adjusted EBITDA was $651 million, up 4% sequentially. Net loss attributable to Baker Hughes was $839 million, leading to a GAAP loss per share of $(0.84) and an adjusted EPS of $0.11. Cash flow from operating activities totaled $321 million, with free cash flow at $147 million.
Tellurian Inc. (TELL) and Baker Hughes (BKR) have partnered for a natural gas transmission project, marking Baker Hughes' first installation of its Integrated Compressor Line (ICL) technology in North America. The project aims to provide cleaner, zero-emissions natural gas, with an estimated capacity of over 5.5 billion cubic feet daily. Tellurian is investing $240 million into the Driftwood Pipeline, part of its broader initiative to enhance energy reliability and sustainability. The ICL technology is designed to lower the carbon footprint of the natural gas supply chain significantly.
Baker Hughes (NASDAQ: BKR) is set to host a webcast on July 20, 2022, at 8:30 a.m. ET to discuss its Q2 results for the period ending June 30, 2022. A press release with detailed results will be available earlier at 7:00 a.m. ET. Interested listeners can access the webcast through the Baker Hughes investor site, where an archived version will also be posted afterward.
Baker Hughes (NASDAQ: BKR) announced a cash dividend of $.18 per share of Class A common stock. The dividend is scheduled for payment on June 10, 2022 and will benefit shareholders on record as of May 31, 2022. This decision underscores the company’s commitment to returning value to its shareholders while continuing to operate as a leading energy technology firm.
Baker Hughes Company (Ticker: BKR) reported Q1 2022 results with orders of $6.8 billion, a 3% sequential increase and 51% year-over-year growth. However, revenue of $4.8 billion declined 12% sequentially, yet increased 1% year-over-year. GAAP operating income was $279 million, down 51% sequentially but up 70% year-over-year. Free cash flow was negative at $(105) million. Despite the challenges from global supply chain issues and geopolitical tensions, Baker Hughes remains optimistic about growth in LNG and energy transition investments.
Baker Hughes (NASDAQ: BKR) has secured a contract from TERNA to supply hydrogen-ready gas turbines and compressors for Greece's Natural Gas Transmission System. The project includes three NovaLT12 gas turbines and PCL compressors, capable of blending up to 10% hydrogen. Expected to commence operations in 2024, this initiative supports the EU's Hydrogen Strategy aimed at promoting clean hydrogen and a climate-neutral energy system by 2050. Baker Hughes leverages decades of experience in hydrogen technology to advance the energy transition and ensure gas supply across Europe.
Baker Hughes (NASDAQ: BKR) has suspended new investments in its operations in Russia due to the ongoing crisis in Ukraine. The company emphasizes compliance with laws and sanctions while fulfilling existing contractual obligations. CEO Lorenzo Simonelli expressed concern over the situation, prioritizing the health and safety of employees and stakeholders. The decision follows an internal review with the Board of Directors, reflecting the company's commitment to responsible action amidst geopolitical tensions.