U.S. energy firms this week added rigs for a seventh week in a row for the first time since May 2022, energy services firm Baker Hughes said in its closely followed report on Friday.
BKR wins multi-year contract extensions with Equinor in the North Sea, expanding its role in drilling, well services and intervention solutions.
EU antitrust regulators will decide by June 26 whether to clear oilfield services firm Baker Hughes' $13.6 billion acquisition of Chart Industries , according to a European Commission filing.
Helmerich & Payne and BKR are partnering to accelerate geothermal development in the U.S. with dedicated drilling capabilities and advanced energy technologies.
Baker Hughes is set to transform materially with the imminent acquisition of Chart Industries. The combined entity will benefit from post-Iranian crisis repair demand and elevated commodity prices. Strategic focus will be on integrating Chart's decentralized factory model and leveraging a unified sales effort to drive quality control and rapid growth.
Baker Hughes Company (BKR) Q1 2026 Earnings Call Transcript
BKR's bottom line beats Q1 2026 estimates as IET strength drives earnings, orders surge 26% and revenues rise on solid segment performance.
Baker Hughes (BKR) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.5 per share. This compares to earnings of $0.51 per share a year ago.
Baker Hughes Company (NASDAQ:BKR) will release earnings for its first quarter after the closing bell on Thursday, April 23.
Weaker U.S. drilling activity and Middle East challenges are likely to have weighed on BKR's Q1 earnings.
BKR sells Waygate Technologies unit to Hexagon for $1.45B in cash, streamlining its IET segment to boost cash flow and sharpen focus on core growth areas.
Baker Hughes has agreed to sell its Waygate Technologies unit to Swedish industrial technology group Hexagon for approximately $1.45 billion in cash, the companies said on Monday. The transaction, which remains subject to customary closing conditions and regulatory approvals, is expected to be completed in the second half of 2026.