BKR Stock Recent News

While the top- and bottom-line numbers for Baker Hughes (BKR) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

BKR has secured a multi-year contract from ExxonMobil Guyana to supply specialty chemicals for the Errea Wittu and Jaguar FPSOs in the Stabroek Block.

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 solution and related services provider for its proposed liquified natural gas (LNG) export facility in Port Fourchon, Louisiana. Baker Hughes will supply cutting-edge liquefaction solutions, power generation equipment, and gas compression systems for the facility, which is set to deliver approximately 24 million tonnes per annum (MTPA) of LNG. The announcement was made during Baker Hughes' Annual Meeting in Florence.

FLORENCE, Italy, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, Hanwha Power Systems and Hanwha Ocean announced Monday a Joint Development and Collaboration Agreement (JDCA) for a new small-size turbine for ammonia applications that will leverage Baker Hughes' small-size gas turbine technology and Hanwha's ammonia combustion system. The agreement was signed during the Baker Hughes 2025 Annual Meeting in Florence. The new ammonia turbine will be suitable for marine applications but also for onshore and offshore applications, and for electric generation and mechanical drive.

Hanwha Power Systems and Hanwha Ocean cooperate with global energy technology company Baker Hughes. Leading the decarbonization of the hard-to-abate marine transportation sector through fuel-flexible combustion technology.

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 Annual Meeting in Florence, Italy.

Morgan Brennan interviews Baker Hughes CEO Lorenzo Simonelli exclusively following the company's strong Q4 earnings, highlighting record-breaking performance in its industrial and energy technology segment. They discuss the surging global demand for LNG, driven by energy security needs and AI's growing power requirements, as well as Baker Hughes' role in expanding US LNG exports.

Baker Hughes Company (NASDAQ:BKR ) Q4 2024 Earnings Conference Call January 31, 2025 9:30 AM ET Company Participants Chase Mulvehill - VP, IR Lorenzo Simonelli - Chairman & CEO Nancy Buese - CFO Conference Call Participants Arun Jayaram - JPMorgan Securities David Anderson - Barclays Saurabh Pant - Bank of America Stephen Gengaro - Stifel Neil Mehta - Goldman Sachs & Co. Scott Gruber - Citigroup Kurt Hallead - Benchmark Operator Good day, ladies and gentlemen, and welcome to the Baker Hughes Company Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Higher operational performance across both segments and an improving EBITDA margin aid BKR's earnings in Q4.

Baker Hughes shares gained 49% over the past year, driven by optimism around LNG development under the Trump Administration, alongside ongoing growth. The company reported strong Q4 earnings, with $0.70 EPS beating estimates and revenue rising 8% to $7.4 billion, driven by margin expansion. Industrial & Energy Technology (IET) segment showed robust growth, with revenue up 21% and a significant backlog, benefiting from high demand for US LNG exports.