reports
Baker Hughes Company Announces First-Quarter 2024 Results
Baker Hughes Company Announces First-Quarter 2024 Results First-quarter highlights Orders of $6.5 billion, including $2.9 billion of IET orders.Revenue of $6.4 billion, up 12% year-over-year.Net income attributable to the Company of $455 million.GAAP diluted EPS of $0.45 and adjusted diluted EPS* of $0.43.Adjusted EBITDA* of $943 million, up 21% year-over-year.Cash flows from operating activities were $784 million and free cash flow* was $502 million.Returns to shareholders of $368 million, including $158 million of share repurchases. HOUSTON and LONDON, April 23, 2024 (GLOBE NEWSWI...
Baker Hughes Declares Quarterly Dividend
Baker Hughes Declares Quarterly Dividend HOUSTON and LONDON, April 23, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) announced today that the Baker Hughes Board of Directors declared a quarterly cash dividend of $0.21 per share of Class A common stock payable on May 16, 2024, to holders of record on May 6, 2024. In line with our stated goal to responsibly grow the dividend over time, the dividend reflects an 11% 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 Bake...
Baker Hughes Awarded Significant Gas Technology Scope for Phase 3 of S...
Baker Hughes Awarded Significant Gas Technology Scope for Phase 3 of Saudi Arabia’s Master Gas System Baker Hughes to supply 17 pipeline centrifugal compressors driven by state-of-the-art aeroderivative gas turbinesAward builds on Master Gas System Phase 1 & 2 agreement, which saw Baker Hughes deliver 18 centrifugal compressors driven by aeroderivative gas turbinesNew pipeline aims to increase gas distribution across Saudi Arabia, supporting the Kingdom’s ambition to reduce carbon emissions HOUSTON and LONDON, April 23, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy tec...
Baker Hughes to Supply Electric-driven Liquefaction Technology for Ced...
Baker Hughes to Supply Electric-driven Liquefaction Technology for Cedar LNG Project Baker Hughes will supply Black & Veatch with turbomachinery equipment consisting of four electric-driven main refrigeration compressors, two electric-driven boil-off gas compressors and six centrifugal pumpsCedar LNG will be powered by renewable electricity to make it one of the lowest carbon intensity LNG facilities in the worldProject is a key element of the Haisla Nation’s economic and social development, marking the first major industrial development in its territory it will own and in which it will pa...
Baker Hughes to Supply Snam with Hydrogen-Ready Technology to Support ...
Baker Hughes to Supply Snam with Hydrogen-Ready Technology to Support Decarbonization and Resilience of the Italian Gas Network Baker Hughes will supply Snam, a leading European energy infrastructure company, with three turbocompressors driven by NovaLT™12 gas turbine technology, offering fuel flexibility of up to 10% hydrogen blend with natural gasAward marks another significant milestone in the decarbonization of Italy’s gas network infrastructure and builds on the long-standing collaboration between the two companies FLORENCE, Italy, April 03, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (N...
Baker Hughes’ Emissions Abatement Technology Enables bp to Achieve Fla...
Baker Hughes’ Emissions Abatement Technology Enables bp to Achieve Flare Emissions Monitoring Breakthrough bp is using Baker Hughes’ flare.IQ technology to quantify methane slip emissions from its flaring operationsEnhancing the accuracy of monitoring helps bp to reduce emissions from flaringBaker Hughes flare.IQ successfully implemented in multiple regions HOUSTON and LONDON, March 14, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, has announced a breakthrough in flare emissions monitoring following a collaboration with . Using Baker Hughes’...
Baker Hughes Announces Dates for First Quarter 2024 Earnings Release a...
Baker Hughes Announces Dates for First Quarter 2024 Earnings Release and Webcast HOUSTON and LONDON, March 14, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) will announce the results of the first quarter ending March 31, 2024, via press release at 5 p.m. Eastern Time (4 p.m. Central Time) on Tuesday, April 23, 2024. A webcast to discuss the results will be held Wednesday, April 24, 2024, 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 we...
Baker Hughes Secures Major Multi-Year Well Construction Services Contr...
Baker Hughes Secures Major Multi-Year Well Construction Services Contract with Petrobras Company to provide well construction services in Buzios field offshore Brazil Positions Baker Hughes as integrated solutions supplier for Petrobras HOUSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday a significant contract award from Petrobras for integrated well construction services in the Buzios field, offshore Brazil. The integrated services project is set to start in the first half of 2025 and will include drilling services, d...
Baker Hughes Declares Increased Quarterly Dividend
Baker Hughes Declares Increased Quarterly Dividend HOUSTON and LONDON, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) announced today that the Baker Hughes Board of Directors declared 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. In line with our stated goal to responsibly grow the dividend over time, the dividend increase reflects a 5% growth rate, or $0.01, over the previous quarter’s dividend and an 11% increase, or $0.02, compared to the same quarter last year. Baker Hugh...
Baker Hughes Achieves New Hydrogen Milestones to Accelerate Transition...
Baker Hughes Achieves New Hydrogen Milestones to Accelerate Transition to Hydrogen Economy New hydrogen testing facility at Florence, Italy, manufacturing site unveiled as part of the company’s strategy to further support the deployment of hydrogen-ready technologies, such as the optimized NovaLT™16 turbine delivered to Air Products’ Net-Zero Hydrogen Energy Complex in EdmontonProgress follows delivery of advanced hydrogen compression technologies for NEOM green hydrogen complex in Saudi Arabia, as well as new collaborations in the hydrogen sector with HyET and Green Energy Park FLORENCE, ...
Baker Hughes Announces Fourth-Quarter and Full-Year 2023 Results
Baker Hughes Announces Fourth-Quarter and Full-Year 2023 Results Fourth-quarter highlights IET orders of $3,030 million, the fifth consecutive quarter above $3 billion.Net income attributable to the Company of $439 million, up $257 million year-over-year.GAAP diluted EPS of $0.43 and adjusted diluted EPS* of $0.51.Adjusted EBITDA* of $1,091 million, above $1 billion for the first time in company history.Cash flows from operating activities were $932 million and free cash flow* was $633 million.Shareholder distributions of $521 million, including $320 million of share repurchases. Full-yea...
Baker Hughes Names Georgia Magno as Chief Legal Officer
Baker Hughes Names Georgia Magno as Chief Legal Officer HOUSTON and LONDON, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) (“Baker Hughes” or the “Company”) announced Georgia Magno as chief legal officer (CLO) effective Jan. 1, 2024. She will be responsible for the Company’s legal and regulatory affairs, corporate governance, and compliance functions. Magno brings 20 years of management and legal experience to the role, previously serving as vice president and general counsel for Baker Hughes’ Industrial & Energy Technology (IET) business segment. “Georgia is a proven leade...
Baker Hughes Announces Date for Fourth Quarter and Full-year 2023 Earn...
Baker Hughes Announces Date for Fourth Quarter and Full-year 2023 Earnings Release and Webcast HOUSTON and LONDON, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) will announce the results of the fourth quarter and full year ending Dec. 31, 2023, via press release at 5 p.m. Eastern Time (4 p.m. Central Time) on Tuesday, Jan. 23, 2024. A webcast to discuss the results will be held Wednesday, Jan. 24, 2024, 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...
Baker Hughes Company Announces Third Quarter 2023 Results
Baker Hughes Company Announces Third Quarter 2023 Results Orders of $8.5 billion for the quarter, up 40% year-over-year.Revenue of $6.6 billion for the quarter, up 24% year-over-year.Net income attributable to Baker Hughes Company of $518 million for the quarter, up $534 million year-over-year. Adjusted net income attributable to Baker Hughes* (a non-GAAP measure) of $427 million for the quarter, up $163 million year-over-year.GAAP diluted earnings per share of $0.51 for the quarter. Adjusted diluted earnings per share* (a non-GAAP measure) was $0.42 for the quarter.Adjusted EBITDA* (a non-...
Baker Hughes Declares Quarterly Dividend
Baker Hughes Declares Quarterly Dividend HOUSTON and LONDON, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) announced today that the Baker Hughes Board of Directors declared a quarterly cash dividend of $0.20 per share of Class A common stock payable on Nov. 17, 2023, to holders of record on Nov. 6, 2023. 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 experience and conducting business in over 120 countries, our innovative technologies and services are ...
Baker Hughes Announces Milestone Electric-LNG Award for ADNOC Ruwais L...
Baker Hughes Announces Milestone Electric-LNG Award for ADNOC Ruwais LNG Export Terminal Baker Hughes to supply two all-electric liquefaction train systems, including BRUSH electric motors and state-of-the-art compression technology ADNOC Ruwais will be one of the first electric-LNG projects in the Middle East, with the two liquefaction trains having an expected capacity of 9.6 million tonnes per annum (MTPA)Award follows continued global LNG momentum after record U.S. orders Baker Hughes has secured in 2023 ABU DHABI, United Arab Emirates, Oct. 04, 2023 (GLOBE NEWSWIRE) -- Baker Hughes ...
Baker Hughes Announces Major Gas Technology Equipment Order for Ventur...
Baker Hughes Announces Major Gas Technology Equipment Order for Venture Global LNG Baker Hughes to supply liquefaction train systems and power islandOrder builds on the expanded master equipment agreement Baker Hughes and Venture Global recently announced for more than 100 million tonnes per annum (MTPA)Award follows positive execution track record by Baker Hughes for Calcasieu Pass and Plaquemines LNG projects HOUSTON & LONDON, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday that it has been awarded a major contract, to be boo...
Baker Hughes Strengthens Norway Presence with 2 Major Contracts from V...
Baker Hughes Strengthens Norway Presence with 2 Major Contracts from Vår Energi Transformative nine-year contract enhances well intervention and exploration logging services for Vår EnergiSecond order includes advanced subsea production systemsTwo contracts with Vår Energi significantly reinforce Baker Hughes’ industry leadership and growth trajectory HOUSTON and LONDON, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Friday two awards from Vår Energi that expand its regional presence in the North Sea for exploration logging, well in...
Baker Hughes Announces Date for Third Quarter 2023 Earnings Release an...
Baker Hughes Announces Date for Third Quarter 2023 Earnings Release and Webcast HOUSTON and LONDON, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) will announce the results of the third quarter ending Sept. 30, 2023, via a press release at 5 p.m. Eastern Time (4 p.m. Central Time) on Wednesday, Oct. 25, 2023. A webcast to discuss the results will be held Thursday, Oct. 26, 2023, 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 we...
Tellurian and Baker Hughes Announce Agreement for Driftwood LNG Phase ...
Tellurian and Baker Hughes Announce Agreement for Driftwood LNG Phase 1 Liquefaction Equipment SINGAPORE, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Tellurian Inc. (NYSE American: TELL) and Baker Hughes (NASDAQ: BKR) announced Wednesday an agreement to supply eight main refrigerant compression packages for Phase 1 of the Driftwood LNG project. The agreement secures a delivery schedule for the eight LM6000PF+ gas turbines, main refrigerant compressors, and control units required for Phase 1, supporting Driftwood’s ability to achieve initial liquefied natural gas (LNG) production in 2027. Baker ...
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