BKR Stock Recent News

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.

Baker Hughes (BKR 3.55%), a global leader in energy technology services, announced its fourth-quarter results on Jan. 30. The company's adjusted EPS rose by 37.3% year over year to $0.70, outperforming the $0.62 analyst consensus.

Baker Hughes (BKR) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.51 per share a year ago.

U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for fourth-quarter profit on Thursday, helped by demand for its industrial and technology products.

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.

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.