Welcome to our dedicated page for Baker Hughes news (Ticker: BKR), a resource for investors and traders seeking the latest updates and insights on Baker Hughes stock.
Baker Hughes Company reports developments tied to its role as an energy technology company serving energy and industrial customers worldwide. Recurring updates cover oilfield services and equipment, industrial and energy technology, financial results, dividends, governance matters and customer orders for turbomachinery, gas compression, power generation and lifecycle services.
Company news also includes project awards involving NovaLT™ gas turbines, LM-series aeroderivative turbines, centrifugal compressors, remote monitoring and diagnostic services, and inspection technologies through Waygate Technologies. These announcements reflect Baker Hughes' exposure to LNG, pipeline, offshore production, refinery and industrial inspection markets, alongside regular capital-return and earnings communications.
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.