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.
Oilfield services provider Baker Hughes said on Monday it sold its Waygate Technologies unit to Swedish industrial technology group Hexagon in an all-cash transaction for about $1.45 billion.
Baker Hughes stock price has soared and is now nearing its all-time high, a trend that may continue as demand for its products and services surges. BKR is trading at $63, a few points below the all-time high of $67.
Baker Hughes partners with Google Cloud to launch AI-driven solutions for data centers, targeting efficiency gains and lower emissions.
Baker Hughes (BKR) stands out among oilfield service peers due to its fast-growing Industrial & Energy Technology (IET) segment and strategic transformation. BKR's IET segment, driven by gas and industrial technology, grew revenues 74% from 2020–2025, offsetting cyclical oilfield weakness. The Chart Industries acquisition will nearly double BKR's non-oil and gas revenue exposure, but increases leverage and balance sheet risk.
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday.
Baker Hughes Company (NASDAQ: BKR - Get Free Report) CEO Lorenzo Simonelli sold 272,594 shares of the company's stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $58.79, for a total value of $16,025,801.26. Following the completion of the sale, the chief executive officer owned 866,444 shares of
Alliancebernstein L.P. trimmed its position in shares of Baker Hughes Company (NASDAQ: BKR) by 37.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,276,732 shares of the company's stock after selling 3,770,710 shares during the quarter. Alliancebernstein L.P. owned