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.
Baker Hughes (NASDAQ: BKR) has secured an order from Frontier Infrastructure Holdings for 16 NovaLT™ gas turbines to power data center projects in Wyoming and Texas. The turbines will deliver up to 270 megawatts (MW) of power capacity. The deal includes supplying NovaLT™ gas turbine technology, gears, and Brush Power Generation four-pole generators for behind-the-meter power generation sites.
This order follows a March 2025 agreement between the companies focused on carbon capture and storage solutions, including the Sweetwater Carbon Storage Hub in Wyoming. The NovaLT™ gas turbines are multi-fuel capable, operating on natural gas, hydrogen-natural gas blends, or 100% hydrogen, offering flexibility for sustainable power requirements.
Baker Hughes (BKR) reported strong Q1 2025 results with orders of $6.5 billion and revenue of $6.4 billion. The company achieved attributable net income of $402 million and adjusted EBITDA of $1,037 million, up 10% year-over-year.
Key financial metrics include GAAP diluted EPS of $0.40, adjusted diluted EPS of $0.51, and free cash flow of $454 million. The company returned $417 million to shareholders, including $188 million in share repurchases.
The Industrial & Energy Technology (IET) segment secured $3.2 billion in orders, including first-time data center awards totaling over 350 MW of power solutions. The company maintained a strong pipeline in LNG, FPSO, and gas infrastructure projects. The Oilfield Services & Equipment (OFSE) segment demonstrated margin improvement despite revenue decline.
Baker Hughes (NASDAQ: BKR) has announced a quarterly cash dividend declaration of $0.23 per share for Class A common stock. The dividend will be payable on May 16, 2025, to shareholders of record as of May 6, 2025. The company plans to fund this dividend distribution through cash generated from its operational activities.
Baker Hughes (BKR) has secured a multi-year contract with Dubai Petroleum Establishment (DPE) to provide integrated coiled-tubing drilling services for the Margham Gas storage project. The project aims to enhance Dubai's energy supply stability by enabling switching between natural gas and solar power.
The contract expands Baker Hughes' involvement in the Margham Gas project, where they are already supplying Integrated Compressor Line (ICL) units for gas storage, injection, and export. The company will implement their CoilTrak™ coiled-tubing bottomhole assembly system, which enhances reservoir connectivity through efficient slim-hole multilateral drilling.
This integrated solution combines coiled-tubing drilling, under-balanced drilling, and the CoilTrak™ system to maximize reservoir contact during horizontal drilling, important for underground gas storage operations. The project supports Dubai's transition towards lower-carbon energy capabilities.
Baker Hughes (NASDAQ: BKR) has secured a major multi-year contract with Petrobras to provide fully integrated completions systems for offshore fields in Brazil. The contract, awarded through an open tender, will implement intelligent completions technologies specifically designed for Petrobras' deepwater developments.
The agreement features Baker Hughes' new SureCONTROL Premium interval control valve (ICV), enabling remote operations and multizone control in high-pressure wells. The technology suite includes various completions solutions such as SureSENS QPT ELITE downhole gauges, SureTREAT chemical injection system, and DeepShield subsurface safety valves.
The implementation aims to optimize production by limiting water and gas breakthroughs while reducing costly intervention risks. Delivery of these technologies is scheduled to begin in late 2025, furthering Baker Hughes' decades-long involvement in Brazil's offshore energy development.
Baker Hughes (NASDAQ: BKR) has secured a significant order from TURBINE-X Energy Inc. for its NovaLT™ gas turbine technology to meet growing power demands in U.S. data centers. The award includes providing turbine technology and associated equipment for multiple North American data center projects.
The NovaLT™ gas turbine is a versatile multi-fuel solution capable of running on natural gas, hydrogen-natural gas blends, and 100% hydrogen, offering customers flexibility in meeting their power requirements. This order follows Baker Hughes' recent partnership with Frontier Infrastructure for providing carbon capture and storage (CCS) and power generation technologies.
TURBINE-X Energy Inc., part of Baker Hughes' global network of strategic packagers, specializes in industrial gas turbine packages for data center project developers. The collaboration aims to address the increasing power demands driven by generative AI growth in the data center market.
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.