Baker Hughes Company is downgraded to Sell due to limited 2026 growth and a stretched 20x+ earnings multiple. IET segment drives secular growth via LNG and data center demand, but OFSE faces ongoing oil price headwinds and weak capex. BKR's 2026 guidance implies a 2% revenue decline and muted EPS growth, with Venezuela offering only modest upside.
Oilfield services firm Baker Hughes Co (NASDAQ:BKR, XETRA:68V) posted an 11% rise in adjusted profit for the fourth quarter, helped by strong demand for its Industrial & Energy Technology (IET) business, which offset continued weakness in traditional oilfield services. The company reported adjusted earnings of $0.78 per share for the quarter ended December 31, compared with $0.70 a year earlier, while revenue was flat year-on-year at $7.39 billion.
BKR beats Q4 earnings and revenue estimates as strong Industrial & Energy Technology growth offset weakness in Oilfield Services.
Baker Hughes on Sunday reported an 11% rise in adjusted profit for the fourth quarter as demand for its gas technology equipment and services more than offset weakness in its oilfield services and equipment.
Baker Hughes' Q4 results face pressure from weaker oil prices, but a recent acquisition may help offset macro headwinds.
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Baker Hughes (BKR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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U.S. oil companies want "serious guarantees" from Washington before they make large investments in Venezuela, as President Donald Trump urges them to back his bid to reshape energy markets, the Financial Times reported on Wednesday.
Baker Hughes lands a multi-year contract with Kuwait Oil Company to boost mature-field output with ESPs, real-time monitoring and automation.
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