reports
Baker Hughes Company Announces First-Quarter 2025 Results
Baker Hughes Company Announces First-Quarter 2025 Results First-quarter highlights Orders of $6.5 billion, including $3.2 billion of IET orders.RPO of $33.2 billion, including record IET RPO of $30.4 billion.Revenue of $6.4 billion, consistent year-over-year.Attributable net income of $402 million.GAAP diluted EPS of $0.40 and adjusted diluted EPS* of $0.51.Adjusted EBITDA* of $1,037 million, up 10% year-over-year.Cash flows from operating activities of $709 million and free cash flow* of $454 million.Returns to shareholders of $417 million, including $188 million of share repurchases. HO...
Baker Hughes Declares Quarterly Dividend
Baker Hughes Declares Quarterly Dividend HOUSTON and LONDON, April 22, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) announced today that the Baker Hughes Board of Directors declared a quarterly cash dividend of $0.23 per share of Class A common stock payable on May 16, 2025, to holders of record on May 6, 2025. Baker Hughes expects to fund its quarterly cash dividend from cash generated from operations. About Baker Hughes:Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experienc...
Baker Hughes Awarded Integrated Coiled-Tubing Drilling Contract for Du...
Baker Hughes Awarded Integrated Coiled-Tubing Drilling Contract for Dubai Petroleum Establishment’s Margham Gas Storage Project CoilTrak™ system allows for increased reservoir connectivity through efficient slim-hole multilateral drillingProject strengthens Dubai’s low-carbon energy capabilitiesAward follows major order for Baker Hughes’ Integrated Compressor Line (ICL) units HOUSTON and LONDON, March 26, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday a multi-year contract with Dubai Petroleum Establishment (DPE), for and on behalf ...
Baker Hughes to Provide Fully Integrated Completions for Petrobras’ Of...
Baker Hughes to Provide Fully Integrated Completions for Petrobras’ Offshore Fields New solutions will support remote operations in deepwater fieldsTechnology allows real-time response to evolving well conditions across multiple zones HOUSTON and LONDON, March 20, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday a major, multi-year fully integrated completions systems contract with Petrobras. The award followed an open tender and will leverage Baker Hughes’ innovative completions technology portfolio and extensive experience in Brazi...
Baker Hughes Secures Order to Provide Reliable and Efficient Power to ...
Baker Hughes Secures Order to Provide Reliable and Efficient Power to U.S. Data Centers Award features NovaLT™ gas turbine technology to be provided to TURBINE-X Energy Inc., part of Baker Hughes’ network of authorized data center packagers HOUSTON and LONDON, March 13, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday an award from TURBINE-X Energy Inc. for its NovaLT™ gas turbine technology to address power demand growth from the data center market. This follows an announcement earlier this month that . Part of Baker Hughes establish...
Baker Hughes Announces Dates for First-quarter 2025 Earnings Release a...
Baker Hughes Announces Dates for First-quarter 2025 Earnings Release and Webcast HOUSTON and LONDON, March 13, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) will announce the results of the first quarter ending March 31, 2025, via press release at 5 p.m. Eastern Time (4 p.m. Central Time) on Tuesday, April 22, 2025. A webcast to discuss the results will be held Wednesday, April 23, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time). To access the webcast, listeners should visit the Baker Hughes website at: An archived version will be available on the website following the webcast....
Baker Hughes, NextDecade Enter Framework Agreement for Rio Grande LNG ...
Baker Hughes, NextDecade Enter Framework Agreement for Rio Grande LNG Expansion Trains HOUSTON, March 11, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, and NextDecade Corporation (NASDAQ: NEXT) and announced Tuesday that they have entered into a framework agreement whereby NextDecade plans to utilize Baker Hughes’ gas turbine and refrigerant compressor technology (Equipment Packages) and enter into contractual services agreements to perform maintenance work for these Equipment Packages for Trains 4 through 8 at the Rio Grande LNG Facility. “Utilizing ...
Baker Hughes and Woodside Energy Announce Collaboration Framework to D...
Baker Hughes and Woodside Energy Announce Collaboration Framework to Develop Small-Scale Decarbonization Solution Utilizing Net Power Platform Joint initiative to develop a lower carbon power generation technology solution specifically designed for oil and gas, heavy industries and other smaller scale applicationsCollaboration framework focuses on assessing feasibility and scalability of Net Power’s platform and is open to other potential contributors HOUSTON and LONDON, March 06, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, and Woodside Energy (ASX:...
Baker Hughes, Frontier Infrastructure Announce Partnership to Accelera...
Baker Hughes, Frontier Infrastructure Announce Partnership to Accelerate Development of Carbon Capture and Storage, Data Center Projects in the U.S. Frontier’s SCS Hub, spanning nearly 100,000 acres in Wyoming, will provide open-access CO₂ storage for industrial emitters and ethanol producers using its CO₂-by-rail strategyBaker Hughes will provide key CCS and power generation technologies, including CO₂ compression, well design, and its industrial NovaLT™ gas turbines to support power solutions for data centers and industrial customersPartnership allows Frontier to move forward with greater...
Baker Hughes Appoints Ahmed Moghal Chief Financial Officer
Baker Hughes Appoints Ahmed Moghal Chief Financial Officer Experienced Baker Hughes finance leader will play key role in driving next phase of strategic transformation and growth HOUSTON and LONDON, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ: BKR) (“Baker Hughes” or the “Company”) on Monday announced that Ahmed Moghal, a highly experienced finance leader who currently serves as chief financial officer (CFO) of our Industrial & Energy Technology (IET) business, has been appointed CFO of the Company, effective immediately. Prior to IET, Moghal held senior positions in...
Argent LNG Selects Baker Hughes as Technology Provider, Strengthening ...
Argent LNG Selects Baker Hughes as Technology Provider, Strengthening Project Baker Hughes to supply liquefaction solutions utilizing NMBL™ module and LM9000 gas turbineAgreement also comprises a multi-year services plan, including iCenter™ digital solutions powered by Cordant™, to support Argent LNG terminal operationsProposed project targets approximately 24 million tonnes per annum (MTPA) of production capacity FLORENCE, Italy, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Argent LNG LCC (Argent LNG) has selected Baker Hughes (NASDAQ: BKR), an energy technology company, as the liquefaction soluti...
Baker Hughes and Hanwha Announce Partnership to Develop Small-Size Amm...
Baker Hughes and Hanwha Announce Partnership to Develop Small-Size Ammonia Turbines Agreement to focus on creation of 100% ammonia combustion dual fuel with natural gas small-size turbinesAmmonia is a low-carbon fuel that can play a critical role in decarbonizing hard-to-abate sector, including marine transportation Collaboration to deliver efficiency comparable to reciprocating engines while minimizing carbon emissions FLORENCE, Italy, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, Hanwha Power Systems and Hanwha Ocean announced Monday a Join...
Baker Hughes Secures Major Chemicals Award from ExxonMobil Guyana for ...
Baker Hughes Secures Major Chemicals Award from ExxonMobil Guyana for FPSOs Baker Hughes to supply production chemicals for Errea Wittu and Jaguar FPSOsOffshore developments feature combined 500,000 barrels per day capacity FLORENCE, Italy, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday a significant award from ExxonMobil Guyana to provide specialty chemicals and related services for its Uaru and Whiptail offshore greenfield developments in Guyana’s prolific Stabroek Block. The announcement was made during Baker Hughes’ 25th A...
Baker Hughes Announces Fourth-Quarter and Full-Year 2024 Results
Baker Hughes Announces Fourth-Quarter and Full-Year 2024 Results Fourth-quarter highlights Orders of $7.5 billion, including $3.8 billion of IET orders.RPO of $33.1 billion, including IET RPO of $30.1 billion.Revenue of $7.4 billion, up 8% year-over-year.GAAP diluted EPS of $1.18 and adjusted diluted EPS* of $0.70.Adjusted EBITDA* of $1,310 million, up 20% year-over-year.Cash flows from operating activities of $1,189 million and free cash flow* of $894 million. Full-year highlights Orders of $28.2 billion, including $13.0 billion of IET orders.Revenue of $27.8 billion, up 9% year-over-ye...
Baker Hughes Declares Increased Quarterly Dividend
Baker Hughes Declares Increased Quarterly Dividend HOUSTON and LONDON, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) announced today that the Baker Hughes Board of Directors declared an increased quarterly cash dividend of $0.23 per share of Class A common stock payable on Feb. 21, 2025, to holders of record on Feb. 11, 2025. The dividend reflects a 10% increase, or $0.02, compared to the same quarter last year. Baker Hughes expects to fund its quarterly cash dividend from cash generated from operations. About Baker Hughes:Baker Hughes (NASDAQ: BKR) is an energy technolo...
Baker Hughes Secures Significant Gas Technology Order for Third Expans...
Baker Hughes Secures Significant Gas Technology Order for Third Expansion Phase of Aramco's Jafurah Gas Field Contract awarded by Tecnicas Reunidas for six gas compression trains and six propane compressors, including balance of plants and auxiliariesState-of-the-art technologies to support third expansion phase of the largest unconventional gas field in Saudi Arabia HOUSTON and LONDON, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday it has been awarded an order by Tecnicas Reunidas for six gas compression trains and six prop...
Baker Hughes Announces Major Gas Technology Orders for Venture Global ...
Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG Baker Hughes to supply power island and liquefaction train systems, and signs multi-year services frame agreement to support phases 1 and 2 of Plaquemines LNG projectAs a strategic LNG solutions supplier, Baker Hughes to help Venture Global deliver 100+ MTPA of production capacity HOUSTON and LONDON, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday that it has been awarded a major contract to provide a modularized liquefied natural gas (LNG) system and p...
Baker Hughes Secures Liquefaction Equipment Order for Woodside Louisia...
Baker Hughes Secures Liquefaction Equipment Order for Woodside Louisiana LNG Contract awarded by Bechtel for 2 LNG liquefaction plants, featuring main refrigeration compressors driven by LM6000PF+ gas turbines, and expander-compressorsTechnology scope supports Phase 1 of major LNG export project in North America, with a total overall permitted capacity of 27.6 million tonnes per annum HOUSTON and LONDON, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday an order from Bechtel Energy Inc. (Bechtel) to supply gas technology equipmen...
Baker Hughes Announces Dates for Fourth-quarter and Full-year 2024 Ear...
Baker Hughes Announces Dates for Fourth-quarter and Full-year 2024 Earnings Release and Webcast HOUSTON and LONDON, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) will announce the results of the fourth quarter and full year ending Dec. 31, 2024, via press release at 5 p.m. Eastern Time (4 p.m. Central Time) on Thursday, Jan. 30, 2025. A webcast to discuss the results will be held Friday, Jan. 31, 2025, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time). To access the webcast, listeners should visit the Baker Hughes website at: . An archived version will be available on...
Baker Hughes Expands Namibian Presence with Liquid Mud Plant, Cement B...
Baker Hughes Expands Namibian Presence with Liquid Mud Plant, Cement Bulk and Multi-Modal Facilities New liquid mud plant is the largest in Namibia in terms of volume and capacityWalvis Bay Port location will enhance efficiencies for customers and support local employment WALVIS BAY, Namibia, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday the opening of its new liquid mud plant, cement bulk facility and integrated multi-modal facility to support Namibia’s burgeoning energy industry and increase localization opportunities. T...
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