Core Insights - Baker Hughes has been awarded an order for six gas compression trains and six propane compressors for the third expansion phase of Aramco's Jafurah gas field in Saudi Arabia, with the order booked in Q4 2024 [1][4] Company Overview - Baker Hughes is an energy technology company that provides solutions to energy and industrial customers globally, leveraging over a century of experience and operating in more than 120 countries [3] Technological Advancements - The company will supply advanced electric motor-driven compression solutions, utilizing its expanded Damman Center in Dammam, Saudi Arabia, to enhance the natural gas value chain [2] Strategic Partnerships - This order strengthens Baker Hughes' long-standing partnership with Aramco, which includes previous projects such as the Haradh and Hawiyah gas plants and the first phase of the Jafurah gas plant [2] Industry Impact - The advanced gas compression technology provided by Baker Hughes is expected to enable efficient and reliable production from the Jafurah field, supporting Aramco's vision and contributing to Saudi Arabia's energy development [3]

Core Insights - Baker Hughes has been awarded a major contract to provide a modularized liquefied natural gas (LNG) system and power island for Venture Global LNG projects in the United States [1] - A multi-year services frame agreement has been signed to support phases 1 and 2 of Venture Global's Plaquemines LNG project in Louisiana [1] - The equipment order and services agreement were secured in the fourth quarter of 2024 [1] Company and Industry Overview - Baker Hughes has over 30 years of experience as a trusted partner in natural gas operations, emphasizing the importance of collaboration in leveraging technologies for sustainable energy development [2] - The company is a strategic LNG technology supplier to Venture Global, supporting over 100 million tons per annum (MTPA) of production capacity [3] - Venture Global has successfully loaded and departed the first LNG cargo from its Plaquemines LNG facility, marking a significant milestone in its operations [3]

Core Viewpoint - Baker Hughes Company (BKR) is expected to report its fourth-quarter 2024 results on January 30, with an estimated earnings per share (EPS) of 63 cents and revenues of $7.1 billion, reflecting a year-over-year increase of approximately 23.5% in EPS and a 3.9% improvement in revenues [1][2][3]. Financial Performance - In the last reported quarter, Baker Hughes achieved adjusted earnings of 67 cents per share, surpassing the Zacks Consensus Estimate of 60 cents, attributed to strong operational performance in its Oilfield Services & Equipment and Industrial & Energy Technology segments [1]. - The company has consistently beaten earnings estimates in the past four quarters, with an average surprise of 11.0% [2]. Revenue and Earnings Estimates - The Zacks Consensus Estimate for fourth-quarter revenues stands at $7.1 billion, indicating a 3.9% increase from the previous year's figure [3]. - The operating income estimate for the Oilfield Services & Equipment segment is projected at $542.8 million, up from $492 million reported in the same quarter last year [7]. Market Conditions - The crude price environment remained favorable for exploration and production activities, with average spot prices for West Texas Intermediate crude at $71.99 per barrel in October, $69.95 in November, and $70.12 in December [4]. - Increased demand for oilfield services is anticipated due to favorable commodity prices and rising activity in the offshore energy sector, particularly in Brazil and Africa [5]. Demand Drivers - Higher natural gas consumption in the U.S. during the fourth quarter, driven by increased heating needs, is expected to boost demand for Baker Hughes' services related to gas infrastructure projects [6]. Earnings Prediction - The company's Earnings ESP is +2.07%, indicating a strong likelihood of an earnings beat, supported by a Zacks Rank of 3 (Hold) [8].

Core Insights - Baker Hughes (BKR) has consistently beaten earnings estimates, particularly in the last two quarters, with an average surprise of 14% [1][2] - The company reported earnings of $0.67 per share against a consensus estimate of $0.60, resulting in an 11.67% surprise for the last quarter [2] - The positive change in earnings estimates and a favorable Earnings ESP indicate strong potential for future earnings beats [3][6] Earnings Performance - In the previous quarter, Baker Hughes exceeded expectations by reporting earnings of $0.57 per share compared to an estimate of $0.49, achieving a surprise of 16.33% [2] - The current Earnings ESP for Baker Hughes is +0.88%, suggesting analysts are optimistic about its near-term earnings potential [6] Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [4] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [5] Upcoming Earnings - Baker Hughes is expected to release its next earnings report on January 30, 2025, and the combination of a positive Earnings ESP and a Zacks Rank 3 indicates a potential for another earnings beat [6]

Baker Hughes Company (BKR) , a leading energy technology firm, has demonstrated robust performance with a 20% rise in its share price in 2024. It has outpaced the broader oil energy sector, which gained 1.8% during the same period. Furthermore, BKR has surpassed its peers, including SLB (SLB) and Halliburton (HAL) , in the Oil and Gas Equipment and Services industry.Image Source: Zacks Investment ResearchBaker Hughes operates at the forefront of the energy technology landscape, providing advanced solutions ...

Contract awarded by Bechtel for 2 LNG liquefaction plants, featuring main refrigeration compressors driven by LM6000PF+ gas turbines, and expander-compressorsTechnology scope supports Phase 1 of major LNG export project in North America, with a total overall permitted capacity of 27.6 million tonnes per annum HOUSTON and LONDON, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR), an energy technology company, announced Monday an order from Bechtel Energy Inc. (Bechtel) to supply gas technology equi ...

HOUSTON and LONDON, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) will announce the results of the fourth quarter and full year ending Dec. 31, 2024, via press release at 5 p.m. Eastern Time (4 p.m. Central Time) on Thursday, Jan. 30, 2025. A webcast to discuss the results will be held Friday, Jan. 31, 2025, 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: investors.bakerhughes.com. An archived version will be avail ...

With 2025 almost in sight, it's a good idea to start thinking about making adjustments to your portfolios. With this in mind, here are three great value stocks to consider. They all trade at attractive valuations and have significant upside catalysts in 2025 that could lead them to outperform the market significantly.1. Owens Corning for the housing market recoveryTrading at 12.4 times Wall Street analyst estimates for 2025, roofing, insulation, and doors company Owens Corning (OC -1.51%) is attractively va ...

Baker Hughes Company (BKR) ), a leading energy technology company, has expanded its footprint in Namibia by inaugurating state-of-the-art facilities at Walvis Bay Port. These include the country’s largest liquid mud plant by volume and capacity, a cement bulk facility and an integrated multi-modal facility. The company aims to support Namibia’s growing energy sector and create local opportunities.The new infrastructure is designed to provide critical support for offshore oil and gas operations. The liquid m ...

It has been about a month since the last earnings report for Baker Hughes (BKR) . Shares have added about 19.8% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Baker Hughes due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Baker Hughes Q3 Earnings Beat EstimatesBake ...