Monty Rakusen/DigitalVision via Getty Images Baker Hughes (NASDAQ:BKR) is well-positioned for the next wave of energy production as global energy interests shift away from a resource mindset to a focus in emissions control. Baker Hughes offers a wide array of services that caters to the shift in the growing demand for natural gas and the gradual shift towards hydrogen fuel. Though Baker Hughes may experience some headwinds as operators turn away from heavy drilling programs to enhanced oil recovery, I d ...

Remaining Performance Obligations ("RPO"): As of March 31, 2024, the aggregate amount of the transaction price allocated to the unsatisfied (or partially unsatisfied) performance obligations was $32.7 billion. As of March 31, 2024, OFSE remaining performance obligations totaled $3.4 billion, and IET remaining performance obligations totaled $29.3 billion. (1) The sale of our controls business was completed in April 2023. The following table presents segment operating income through to net income for the Com ...

Baker Hughes Company (NASDAQ:BKR) Q1 2024 Earnings Conference Call April 24, 2024 9:30 AM ET Company Participants Chase Mulvehill - VP, IR Lorenzo Simonelli - Chairman and CEO Nancy Buese - CFO Conference Call Participants Scott Gruber - Citigroup Arun Jayaram - JPMorgan Securities LLC Dave Anderson - Barclays James West - Evercore ISI Luke Lemoine - Piper Sandler Operator Good day, ladies and gentlemen, and welcome to the Baker Hughes Company First Quarter 2024 Earnings Call. At this time all participants ...

Baker Hughes Company (BKR) reported first-quarter 2024 adjusted earnings of 43 cents per share, which beat the Zacks Consensus Estimate of 40 cents. The bottom line also improved from the year-ago quarter’s level of 28 cents.Total quarterly revenues of $6,418 million beat the Zacks Consensus Estimate of $6,341 million. The top line also increased from the year-ago quarter’s level of $5,716 million.Strong quarterly results were primarily driven by significant contracts in the Oilfield Services and Equipment ...

Baker Hughes (BKR) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.50%. A quarter ago, it was expected that this oilfield services company would post earnings of $0.47 per share when it actually produced earnings of $0.51, delivering a surprise of 8.51%.Over the last four quarters, ...

Remaining Performance Obligations (RPO) in the first quarter ended at $32.7 billion, a decrease of $0.8 billion from the fourth quarter of 2023. OFSE RPO was $3.4 billion, down 5% sequentially, while IET RPO was $29.3 billion, down 2% sequentially. Within IET RPO, Gas Technology Equipment RPO was $11.5 billion and Gas Technology Services RPO was $14.6 billion. Exhibit 99.1 Baker Hughes Company Announces First-Quarter 2024 Results First-quarter highlights • Orders of $6.5 billion, including $2.9 billion of I ...

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 technology company, announ ...

In its weekly release, Baker Hughes Company (BKR) stated that the U.S. rig count was higher than the prior week’s figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications.Baker Hughes’ data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. The number of active rigs and its comparison with the week-ago figure indicates the demand trajectory for the company’s oilfie ...

Baker Hughes Company (BKR) has witnessed upward earnings estimate revisions for 2024 and 2025 in the past seven days.The stock, currently carrying a Zacks Rank #3 (Hold), has rallied 9.8% in the past year. Image Source: Zacks Investment Research Factors Driving the StockFavorable Style ScoreBaker Hughes has an impressive Value Score of B and a Growth Score of B. Value Score helps find stocks that are undervalued. Back-tested results have shown that stocks with a favorable Value Score, combined with a solid ...

Baker Hughes Company (BKR) is set to report first-quarter 2024 results on Apr 23, after the closing bell.In the last reported quarter, the oilfield service provider’s adjusted earnings of 51 cents per share beat the Zacks Consensus Estimate of 47 cents, driven by higher contributions from the Oilfield Services and Equipment and the Industrial & Energy Technology business units.The company beat on earnings in each of the trailing four quarters, delivering an average surprise of 11.44%. This is depicted in th ...