Welcome to our dedicated page for Baker Hughes Company news (Ticker: $BKR), a resource for investors and traders seeking the latest updates and insights on Baker Hughes Company stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Baker Hughes Company's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Baker Hughes Company's position in the market.
Rhea-AI Summary
Baker Hughes (BKR) has announced an increased quarterly cash dividend of $0.21 per share of Class A common stock payable on Feb. 23, 2024, to holders of record on Feb. 13, 2024. This reflects a 5% growth rate over the previous quarter’s dividend and an 11% increase compared to the same quarter last year. The company expects to fund the dividend from cash generated from operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.26%
Tags
-
Rhea-AI Summary
Baker Hughes (BKR) announced several milestones to support the growth of the hydrogen economy, including a new hydrogen testing facility in Florence, Italy, the delivery of advanced hydrogen compression technologies for NEOM green hydrogen complex in Saudi Arabia, and new collaborations in the hydrogen sector with HyET and Green Energy Park. The company also unveiled a new Hydrogen Testing Facility for validation of its NovaLT™ industrial turbines to run blends all the way up to 100% hydrogen, completed manufacturing and testing of its NovaLT™16 hydrogen turbines for Air Products’ Net-Zero Hydrogen Energy Complex in Edmonton, and reported progress on another key Air Products’ hydrogen project in Saudi Arabia. Baker Hughes signed a collaboration agreement with HyET and a memorandum of understanding with Green Energy Park to set out the principles of the envisaged collaboration between the two companies in multiple areas of the green hydrogen value chain.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.57%
Tags
-
Rhea-AI Summary
Baker Hughes Company (BKR) reported strong fourth-quarter and full-year 2023 results, with IET orders of $3,030 million and full-year IET orders of $14.18 billion. Net income attributable to the Company was $439 million for the quarter and $1,943 million for the full year, showing significant increases year-over-year. Adjusted EBITDA for the quarter was $1,091 million, marking the first time in company history that it exceeded $1 billion. Cash flows from operating activities were $932 million for the quarter and $3.06 billion for the full year, with free cash flow of $633 million for the quarter and $2.05 billion for the full year. Shareholder distributions amounted to $521 million for the quarter and $1.32 billion for the full year, including $320 million and $538 million, respectively, of share repurchases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.73%
Tags
Rhea-AI Summary
Baker Hughes (BKR) appoints Georgia Magno as Chief Legal Officer, bringing 20 years of experience to oversee legal and regulatory affairs, corporate governance, and compliance functions. Magno's leadership aims to strengthen the company's position in energy and industrial markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.65%
Tags
-
Rhea-AI Summary
Baker Hughes (BKR) to announce Q4 and full year 2023 results on Jan 23, 2024, with a webcast on Jan 24, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.65%
Tags
-
Rhea-AI Summary
The Baker Hughes Foundation has announced $750,000 in grants to nonprofit organizations nominated by its global employee resource groups (ERGs). These grants support various causes in North America, Europe, Asia-Pacific, Middle East, United Kingdom, and sub-Saharan Africa. The grants aim to promote education, opportunity, diversity, equity, and inclusion, while also contributing to the United Nation's Sustainable Development Goal 10 to reduce inequalities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.71%
Tags
Rhea-AI Summary
Akastor ASA's affiliate HMH Holding B.V. has successfully completed a USD 200 million senior secured bond issue with a tenor of 3 years and a fixed coupon of 9.875% per annum. The net proceeds will be used to settle HMH's existing USD 150 million bond issue, repay existing bank borrowings, and for general corporate purposes. HMH plans to list the Bonds on Oslo Børs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.92%
Tags
-
Rhea-AI Summary
Akastor ASA's affiliate HMH Holding B.V. has mandated DNB Markets, Nordea, Arctic Securities, and Pareto Securities to arrange fixed income investor meetings for a senior secured bond loan. The loan will be used to refinance the company's existing senior secured bond.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.43%
Tags
-
Rhea-AI Summary
Baker Hughes declares quarterly cash dividend of $0.20 per share of Class A common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.94%
Tags
Rhea-AI Summary
Baker Hughes reports Q3 2023 results with $8.5 billion in orders, up 40% YoY, and $6.6 billion in revenue, up 24% YoY. Net income attributable to Baker Hughes is $518 million, up $534 million YoY. Adjusted net income is $427 million, up $163 million YoY. Adjusted EBITDA is $983 million, up 30% YoY. Cash flows from operating activities are $811 million. Free cash flow is $592 million. The company approves a quarterly cash dividend of $0.20 per share. CEO remains optimistic about the outlook, citing strong orders performance and positive momentum in the portfolio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.94%
Tags
Baker Hughes Company
Nasdaq:BKR
BKR Rankings
BKR Stock Data
31.86B
998.37M
0.14%
98.08%
2.53%
Oil and Gas Field Machinery and Equipment Manufacturing
Manufacturing
United States of America
HOUSTON
About BKR
baker hughes incorporated (nyse: bhi) provides reliable, practical solutions when and where our customers need them to lower costs, reduce risk and improve productivity. from the reservoir to the refinery we create value with high-performance products and services to analyze, drill, evaluate, complete and produce oil and gas reserves and then transport and refine the hydrocarbons. for over a century, innovation has been part of our dna. baker hughes was formed in 1986 with the merger of baker international and hughes tool company—both founded over 100 years ago when r.c. baker and howard hughes conceived ground-breaking inventions that revolutionized the fledgling petroleum era. since those earliest advancements, we’ve never stopped searching for solutions to conquer the next frontier. collaboration is at the heart of our business. with 49,000 employees in more than 80 countries, our local geomarket teams work side by side with customers to engineer reliable, practical solutions—wh