reports
Baker Hughes Provides Shareholder Update
Baker Hughes Provides Shareholder Update Chart Industries shareholders approve acquisition by Baker HughesPerforming a comprehensive evaluation of capital allocation, business, cost structure and operations to continue delivering shareholder value HOUSTON and LONDON, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ: BKR) (“Baker Hughes” or “the Company”) today announced that shareholders of Chart Industries (“Chart”) approved the pending acquisition by Baker Hughes. The completion of this transaction, anticipated for mid-year 2026 pending regulatory approvals, represents a ...
Baker Hughes to Supply Liquefaction Train Equipment for Sempra Infrast...
Baker Hughes to Supply Liquefaction Train Equipment for Sempra Infrastructure’s Port Arthur LNG Phase 2 Project Contract awarded by Bechtel to supply primary liquefaction equipment for two trains, including four Frame 7 gas turbines and eight centrifugal compressorsBaker Hughes will also provide two motor-driven compressors for the plant’s booster servicesTechnology solution supports a nameplate capacity of approximately 13 million tonnes per annum (MTPA) HOUSTON and LONDON, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday an...
Baker Hughes to Supply Subsea Tree Systems and Associated Services for...
Baker Hughes to Supply Subsea Tree Systems and Associated Services for Petrobras Baker Hughes to supply up to 50 subsea trees and associated equipment in Brazil HOUSTON and LONDON, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday a significant award from Petrobras to supply up to 50 subsea tree systems and associated services to support offshore oil and gas production across multiple fields in Brazil. The award was secured through an open tender. Under the agreement, Baker Hughes will manufacture Petrobras’ pre-salt standard s...
Baker Hughes Announces Dates for Third-quarter Earnings Release and We...
Baker Hughes Announces Dates for Third-quarter Earnings Release and Webcast HOUSTON and LONDON, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) will announce the results of the third quarter ending Sept. 30, 2025, via press release at 5 p.m. Eastern Time (4 p.m. Central Time) on Thursday, Oct. 23, 2025. A webcast to discuss the results will be held Friday, Oct. 24, 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. About B...
Baker Hughes Secures Multi-Year Contract with Petrobras for Offshore S...
Baker Hughes Secures Multi-Year Contract with Petrobras for Offshore Stimulation Vessels Contract extension for two stimulation vessels supports offshore operations in Brazil’s post and pre-salt fieldsAward reinforces Baker Hughes’ Mature Assets Solutions strategy to deliver greater customer value for enhanced brownfield recovery HOUSTON and LONDON, Sept. 17, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday a multi-year agreement with Petrobras to extend the deployment of the Blue Marlin and Blue Orca stimulation vessels, supporting o...
Baker Hughes Secures Order for Rio Grande LNG Expansion
Baker Hughes Secures Order for Rio Grande LNG Expansion Award from Bechtel includes supply of the main liquefaction equipment, comprising gas turbine and compressor technology for NextDecade’s Rio Grande LNG Train 4Technology replicates proven solutions for the project’s first three trains, supporting an additional LNG production capacity of approximately 6 MTPA at the facility HOUSTON and LONDON, Sept. 11, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday an award from engineering company Bechtel Energy Inc. (Bechtel) to supply main li...
Baker Hughes to Supply Integrated Subsea, Completion Systems for Turki...
Baker Hughes to Supply Integrated Subsea, Completion Systems for Turkish Petroleum’s Sakarya Gas Field Phase 3 Technologies will optimize offshore production in the Sakarya Gas FieldBaker Hughes to deliver deepwater horizontal tree systems with associated technologyIntegrated approach will enhance operating efficiencies HOUSTON and LONDON, Sept. 11, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday a significant award from Turkish Petroleum (TPAO) and Turkish Petroleum Offshore Technology Center (TP-OTC) to supply subsea production and ...
Baker Hughes Selected by Fervo Energy to Deliver Geothermal Power Gene...
Baker Hughes Selected by Fervo Energy to Deliver Geothermal Power Generation Equipment for Innovative New Power Plants Baker Hughes to design and deliver key equipment for geothermal Organic Rankine Cycle (ORC) power plants at Fervo’s Cape Station Phase II project in UtahAward includes Baker Hughes turboexpander, BRUSH™ Power Generation generator and other related equipment HOUSTON and LONDON, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Tuesday an award from Fervo Energy Company, the leader in next-generation geothermal energy, ...
Baker Hughes Awarded Long-Term Service Agreement by bp for Tangguh LNG...
Baker Hughes Awarded Long-Term Service Agreement by bp for Tangguh LNG Operations, Supporting Indonesia's Energy Future Ninety-month agreement covers critical parts, services and technical support for turbomachinery equipmentAgreement underscores Baker Hughes' commitment to supporting safe and reliable LNG production in Asia-Pacific region HOUSTON and LONDON, Aug. 26, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Tuesday a long-term service agreement award from bp for its Tangguh Liquefied Natural Gas (LNG) plant in Papua Barat, Indonesia....
Baker Hughes Completes Acquisition of Continental Disc Corporation
Baker Hughes Completes Acquisition of Continental Disc Corporation HOUSTON and LONDON, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday it has completed its all-cash, $540 million acquisition of Continental Disc Corporation (CDC) from investment partnerships managed by Tinicum Incorporated. The transaction brings a to Baker Hughes’ existing valves product line, expanding the company’s addressable market in the flow control market with the addition of CDC’s well-established critical pressure management solutions. The acquisiti...
Baker Hughes to Acquire Chart Industries, Accelerating Energy & Indust...
Baker Hughes to Acquire Chart Industries, Accelerating Energy & Industrial Technology Strategy Significant step high-grades the portfolio and adds value accretive customer offerings, transforms Baker Hughes’ Industrial & Energy Technology segment Chart Industries brings differentiated capabilities across a diverse set of end markets advantaged by secular growth drivers such as natural gas, data centers and decarbonizationHighly complementary capabilities enable enhanced value-creation solutions for customers across the lifecycle of projects and accelerate aftermarket growth through increase...
Baker Hughes Company Announces Second-Quarter 2025 Results
Baker Hughes Company Announces Second-Quarter 2025 Results Second-quarter highlights Orders of $7.0 billion, including $3.5 billion of IET orders.RPO of $34.0 billion, including record IET RPO of $31.3 billion.Revenue of $6.9 billion, down 3% year-over-year.Attributable net income of $701 million.GAAP diluted EPS of $0.71 and adjusted diluted EPS* of $0.63.Adjusted EBITDA* of $1,212 million, up 7% year-over-year.Cash flows from operating activities of $510 million and free cash flow* of $239 million.Returns to shareholders of $423 million, including $196 million of share repurchases. HOUS...
Baker Hughes Declares Quarterly Dividend
Baker Hughes Declares Quarterly Dividend HOUSTON and LONDON, July 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 Aug. 15, 2025, to holders of record on Aug. 5, 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 expe...
Baker Hughes to Acquire Continental Disc Corporation, a Differentiated...
Baker Hughes to Acquire Continental Disc Corporation, a Differentiated Leader in Pressure Management Solutions CDC’s rupture disc and pressure/vacuum relief valve portfolio is a leader in addressing pressure/vacuum safety and pressure management for critical applications across a broad range of attractive end marketsTransaction adds complementary portfolio of products to Baker Hughes existing valves product lineAcquisition expected to be immediately accretive to earnings and cash flow per share and IET’s segment margins HOUSTON and LONDON, June 16, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (...
Baker Hughes Announces Dates for Second-quarter Earnings Release and W...
Baker Hughes Announces Dates for Second-quarter Earnings Release and Webcast HOUSTON and LONDON, June 13, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) will announce the results of the second quarter ending June 30, 2025, via press release at 5 p.m. Eastern Time (4 p.m. Central Time) on Tuesday, July 22, 2025. A webcast to discuss the results will be held Wednesday, July 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. About...
Baker Hughes Receives Award from Equinor to Industrialize Offshore Plu...
Baker Hughes Receives Award from Equinor to Industrialize Offshore Plug & Abandonment Operations in Oseberg East Field Baker Hughes awarded P&A agreement based on Mature Assets Solutions portfolioAgreement will enable Equinor to drive efficiencies, industrialize P&A operations through end-to-end integration Award marks first project as part of multi-year frame agreement for integrated well services HOUSTON and LONDON, June 11, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, will provide Equinor plug and abandonment (P&A) services in the Oseberg East f...
Baker Hughes Announces Sale of Precision Sensors & Instrumentation Pro...
Baker Hughes Announces Sale of Precision Sensors & Instrumentation Product Line to Crane Company Product line includes Druck, Panametrics and Reuter-Stokes brandsTransaction aligns with Baker Hughes’ ongoing portfolio optimization HOUSTON and LONDON, June 09, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday an agreement to sell its Precision Sensors & Instrumentation (PSI) product line to Crane Company (NYSE: CR, “Crane”), a diversified manufacturer of engineered industrial products, for a total cash consideration of approximately $1.15 ...
Baker Hughes, Cactus Create Joint Venture for Surface Pressure Control...
Baker Hughes, Cactus Create Joint Venture for Surface Pressure Control Services Cactus to become majority owner and operator of Baker Hughes’ surface pressure control product line, with Baker Hughes retaining 35% stake Joint venture combines complementary portfolios to lead technological innovation Aligns with Baker Hughes’ ongoing strategy to optimize its portfolio HOUSTON and LONDON, June 02, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday an agreement to form a new joint venture with a subsidiary of Cactus, Inc. (NYSE: WHD, “Cactus”)...
Baker Hughes to Supply NovaLT™ Gas Turbines for Frontier Infrastructur...
Baker Hughes to Supply NovaLT™ Gas Turbines for Frontier Infrastructure’s U.S. Data Center Project, Delivering 270 MW of Reliable Power Baker Hughes will supply 16 NovaLT™ gas turbines for data center projects in the U.S. Award builds on the collaboration announced in March 2025 between Baker Hughes and Frontier HOUSTON and LONDON, May 29, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday an award from Frontier Infrastructure Holdings (“Frontier”), a Tailwater Capital LLC portfolio company, for 16 NovaLT™ gas turbines to power its dat...
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...
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