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Strong demand for natural gas technology and an improving EBITDA margin aid BKR's Q1 earnings.
Baker Hughes reported mixed Q1'25 results; strong growth in Infrastructure & Energy Technology (IET) offsets Oilfield Services & Equipment (OFSE) uncertainty. Reiterating BUY rating with a $46/share target. Total orders declined by 1.27%, driven by a 9.46% drop in OFSE. However, IET orders increased by 9%, fueled by a 17% rise in gas technology. Despite tariff-related headwinds, Baker Hughes remains poised for growth in gas tech and data center power solutions.
Baker Hughes (BKR) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.43 per share a year ago.
U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for first-quarter profit on Tuesday, helped by sustained demand for its drilling equipment and technology in international markets and North America.
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.
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.
U.S. energy firms this week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker Hughes said in its closely followed report on Thursday.
Healthy oil and gas prices are likely to have aided demand for oilfield services, which, in turn, is expected to have backed EQT's earnings in Q1.
Baker Hughes (BKR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
U.S. energy firms this week cut oil rigs by the most in a week since June 2023, lowering the total oil and natural gas rig count for a third consecutive week, energy services firm Baker Hughes said in its closely followed report on Friday.