Baker Hughes Co Stock Price, News & Analysis

Baker Hughes (NASDAQ: BKR) has scheduled its first-quarter 2025 earnings release and webcast. The company will release its Q1 2025 financial results on Tuesday, April 22, 2025, at 5 p.m. Eastern Time via press release. A webcast discussing these results will follow on Wednesday, April 23, at 9:30 a.m. Eastern Time. Investors can access the webcast through the company's investor relations website at investors.bakerhughes.com, where an archived version will also be available after the event.

Baker Hughes (NASDAQ: BKR) and NextDecade have entered into a framework agreement for Rio Grande LNG Facility's expansion. Under the agreement, NextDecade will use Baker Hughes' gas turbine and refrigerant compressor technology for Trains 4 through 8, along with maintenance services.

The expansion plans aim to make Rio Grande LNG one of the largest LNG production and export facilities globally. NextDecade is progressing with the commercialization of Trains 4 and 5, pending final investment decisions, governmental approvals, EPC contracts, and financing. The company is also developing and initiating permitting for Trains 6 through 8, which are expected to increase total liquefaction capacity by approximately 18 million tonnes per annum.

NextDecade (NASDAQ: NEXT) and Baker Hughes (NASDAQ: BKR) have entered into a framework agreement for the Rio Grande LNG Facility expansion. Baker Hughes will provide gas turbine and refrigerant compressor technology, along with maintenance services for Trains 4 through 8.

NextDecade is advancing the commercialization of Trains 4 and 5, with plans to make final investment decisions pending governmental approvals, EPC contracts, commercial arrangements, and adequate financing. The company is also initiating the permitting process for Trains 6 through 8, which are expected to increase total liquefaction capacity by approximately 18 million tonnes per annum.

Baker Hughes (NASDAQ: BKR) and Woodside Energy have announced a joint initiative to develop a lower-carbon power generation technology solution using the Net Power platform. The collaboration, formalized through a Technology Development Agreement (TDA), builds upon their 2022 MoU and aims to create solutions specifically for oil and gas, LNG, and heavy industries.

The Net Power platform utilizes natural gas to generate affordable power while capturing nearly all CO2 emissions. Baker Hughes, as the exclusive provider of the small-scale application, will leverage development and testing from Net Power's La Porte facility and planned utility-scale power plant near Midland, Texas.

The partnership focuses on assessing feasibility and industrial market scalability, with plans to bring additional development partners to tailor the concept for different power generation segments.

Baker Hughes (NASDAQ: BKR) and Frontier Infrastructure announced a partnership to accelerate carbon capture and storage (CCS) and power solutions in the U.S. Frontier's Sweetwater Carbon Storage Hub (SCS Hub) spans nearly 100,000 acres in Wyoming, providing open-access CO₂ storage for industrial emitters and ethanol producers.

Baker Hughes will supply CCS and power generation technologies, including CO₂ compression, well design, and NovaLT™ gas turbines, enhancing project efficiency and resource allocation.

Frontier has three Class VI permits and has started drilling, with first injection expected by year-end 2025. The partnership aims to optimize project execution, expand infrastructure, and meet rising energy demands with 256 MW of new gas-fired generation capacity.

Baker Hughes anticipates orders as projects progress, leveraging its expertise in turbine technology and CCS innovation to support decarbonization efforts.

Baker Hughes (NASDAQ: BKR) has appointed Ahmed Moghal as its new Chief Financial Officer, effective immediately. Moghal, who currently serves as CFO of the Industrial & Energy Technology (IET) business, succeeds Nancy Buese. The change comes as Baker Hughes progresses in its strategic transformation, having achieved record results last year.

The company reaffirmed its 2025 outlook, projecting solid EBITDA growth, targeting 20% EBITDA margin for OFSE segment in 2025 and IET segment in 2026. Baker Hughes remains committed to returning 60-80% of free cash flow to shareholders.

Moghal brings over two decades of experience and has been with Baker Hughes since 2017, starting after the merger with GE Oil & Gas. Buese will transition to a strategic adviser role before departing on April 30, 2025.

Baker Hughes (NASDAQ: BKR) has been selected by Argent LNG as the technology provider for its proposed LNG export facility in Port Fourchon, Louisiana. The facility aims to produce approximately 24 million tonnes per annum (MTPA) of LNG.

Baker Hughes will provide liquefaction solutions, power generation equipment, and gas compression systems, featuring their NMBL™ modularized LNG solution powered by LM9000 gas turbines. The project will integrate iCenter™ digital solutions powered by Cordant™ to optimize operational efficiency.

The project's Phase 1 construction is scheduled to begin in 2026, with commercial operations expected by 2030. Phase 2 is progressing through critical milestones, including FERC approvals and gas supply agreements. Baker Hughes anticipates receiving orders as the project advances toward Final Investment Decision.

Baker Hughes (NASDAQ: BKR) has partnered with Hanwha Power Systems and Hanwha Ocean through a Joint Development and Collaboration Agreement (JDCA) to develop small-size turbines for ammonia applications. The partnership combines Baker Hughes' gas turbine technology with Hanwha's ammonia combustion system.

The new ammonia turbine (~16MW power range) will be suitable for marine, onshore, and offshore applications, including electric generation and mechanical drive. Hanwha Ocean will be the primary beneficiary, implementing the solution in future vessels. Hanwha has successfully tested a proof-of-concept combustor using 100% ammonia fuel, while Baker Hughes completed initial turbine feasibility studies in 2024.

The companies aim to complete full engine testing with ammonia by end-2027, after which the turbine will be commercially available. This development follows Baker Hughes' January 2024 announcement of successful testing of the world's first 100% hydrogen turbine.

Hanwha Power Systems and Hanwha Ocean have signed a Joint Development and Collaboration Agreement with Baker Hughes (NASDAQ: BKR) to design and produce low carbon ammonia gas turbines. The collaboration aims to develop turbines capable of 100% ammonia combustion and dual fuel operation with natural gas-ammonia blend.

The project builds on Baker Hughes' proven small-size turbine technology and PSM's newly-developed ammonia combustion system. Hanwha Group plans to complete the development of LNG carriers and container ships using this ammonia gas turbine propulsion system by 2028. In September 2023, the companies received approval in principle from ABS for applying ammonia gas turbines to LNG carriers.

PSM completed initial high-pressure ammonia combustion testing and Baker Hughes finished turbine feasibility studies in 2024. The initiative supports Hanwha Group's vision, announced at Davos Forum, to create the world's first fossil fuel-free ship.