Baker Hughes Company's Stock Analysis

Baker Hughes Secures $2.6 Billion Loan for Acquisition

Baker Hughes Company has entered into a term loan credit agreement with aggregate lending commitments of $2.6 billion to finance its acquisition of Chart Industries, Inc. The loan is structured as a senior, unsecured delayed draw term loan facility, with Baker Hughes Holdings LLC as the borrower and Baker Hughes Company as the parent guarantor. The funds will be used for the acquisition and related expenses, contingent upon certain conditions being met, including the successful completion of the acquisition.

The term loan will bear interest based on Adjusted Term SOFR or the Alternate Base Rate, with margins determined by the company's credit ratings. The loan commitments will terminate under specific circumstances, including the closing of the acquisition or if the merger agreement is terminated. The borrowings are set to mature two years from the funding date, and the agreement includes various covenants and default provisions that could lead to acceleration of amounts due if certain conditions are met.

Aug 18, 2025 16:18:13

Baker Hughes to Acquire Chart Industries for $13.6 Billion

Baker Hughes Company has entered into an agreement to acquire Chart Industries for $210 per share, amounting to a total enterprise value of $13.6 billion. The transaction is structured as a merger, with Chart becoming an indirect wholly owned subsidiary of Baker Hughes. Both companies' boards have unanimously approved the merger, which is contingent upon several conditions, including stockholder approval from Chart and various regulatory clearances. The merger is not subject to any financing condition, as Baker Hughes has secured a bridge loan facility of up to $14.9 billion to finance the acquisition and related expenses.

Chart Industries, recognized for its engineering and manufacturing capabilities in gas and liquid handling technologies, reported $4.2 billion in revenue and $1.0 billion in adjusted EBITDA in 2024. This acquisition is expected to enhance Baker Hughes' position in the energy and industrial technology sectors, providing complementary solutions and potential financial benefits, including earnings accretion. The merger agreement includes customary covenants and termination rights, with specific fees stipulated in the event of termination under certain conditions.

Jul 29, 2025 06:48:02

Baker Hughes Reports Second Quarter 2025 Financial Results

Baker Hughes Company announced its financial results for the second quarter of 2025, reporting orders of $7.0 billion and revenue of $6.9 billion, which reflects a 3% decline year-over-year. The company achieved an attributable net income of $701 million, with a GAAP diluted earnings per share of $0.71. Adjusted EBITDA was reported at $1,212 million, marking a 7% increase from the previous year. The company also returned $423 million to shareholders, including share repurchases totaling $196 million.

In terms of strategic actions, Baker Hughes executed three significant transactions aimed at optimizing its portfolio. These include forming a joint venture with Cactus, Inc. for the Surface Pressure Control product line, selling the Precision Sensors & Instrumentation product line for approximately $1.15 billion, and acquiring Continental Disc Corporation for about $540 million. The company reported a Remaining Performance Obligation (RPO) of $34 billion, with a notable increase in its Industrial & Energy Technology segment. Overall, Baker Hughes is focusing on enhancing its earnings and cash flow durability through these strategic initiatives.

Jul 22, 2025 17:10:30

Baker Hughes Reports First-Quarter 2025 Financial Results

Baker Hughes Company reported first-quarter 2025 results, with orders totaling $6.5 billion and revenue of $6.4 billion, consistent with the previous year. The company achieved an attributable net income of $402 million, with a GAAP diluted EPS of $0.40 and an adjusted diluted EPS of $0.51. Cash flows from operating activities were $709 million, and free cash flow was $454 million. The company's Remaining Performance Obligations (RPO) stood at $33.2 billion, with a record RPO in the Industrial & Energy Technology (IET) segment of $30.4 billion, indicating a strong future revenue pipeline.

In terms of segment performance, the Oilfield Services & Equipment (OFSE) segment saw a decline in revenue and orders, while the IET segment reported revenue growth driven by increased demand for gas technology solutions. The company noted a decrease in adjusted net income and adjusted EBITDA compared to the previous quarter, but both metrics increased year-over-year. Baker Hughes emphasized its ongoing operational transformation and commitment to shareholder returns, having returned $417 million to shareholders through share repurchases and dividends.

Apr 22, 2025 17:08:24

Baker Hughes Reports Revenue Increases and Net Income Changes

Baker Hughes reported total revenue growth from $21.156 billion in FY 2022 to $25.506 billion in FY 2023, with projections of $27.829 billion for FY 2024. Sales of goods and services also showed increases across the fiscal years, contributing to overall revenue growth.

Conversely, the company experienced a net loss of $601 million in FY 2022, which improved to a net income of $1.943 billion in FY 2023, and is projected to rise further to $2.979 billion in FY 2024. Costs related to goods sold and services sold increased, while restructuring costs were adjusted, impacting the overall financial metrics.

Mar 25, 2025 16:46:08

Baker Hughes Appoints New CFO Amid Leadership Transition

Baker Hughes has appointed Ahmed Moghal as the new Chief Financial Officer, succeeding Nancy Buese, who will transition to a strategic adviser role before leaving the company in April 2025. Moghal, who has been with Baker Hughes since the merger with GE Oil & Gas, brings extensive experience in finance and has been instrumental in driving free cash flow efforts across the company. The leadership change is seen as a step forward in Baker Hughes' strategic transformation and growth plans, with a continued focus on improving margins and capital allocation.

On the financial front, Baker Hughes reaffirmed its outlook for the first quarter and full year of 2025, anticipating another year of EBITDA growth and targeting a 20% EBITDA margin for its OFSE segment in 2025 and the IET segment in 2026. The company also committed to returning a significant portion of free cash flow to shareholders, indicating a focus on shareholder returns. However, the departure of Buese marks a notable change in leadership, and it remains to be seen how this transition will impact the company's ongoing strategies.

Feb 24, 2025 09:00:18

Baker Hughes Reports $27.8 Billion Revenue for 2024

Baker Hughes announced its fourth-quarter and full-year results for 2024, highlighting significant achievements such as a revenue increase of 8% year-over-year, reaching $7.4 billion in the fourth quarter. The company also reported a total revenue of $27.8 billion for the full year, marking a 9% increase compared to the previous year. The adjusted EBITDA rose by 20% year-over-year to $1,310 million in the fourth quarter, alongside notable cash flows from operating activities totaling $1,189 million and free cash flow of $894 million. Additionally, the company plans to increase its quarterly dividend by 10% to $0.23, reflecting its commitment to returning value to shareholders.

Conversely, the company faced challenges with its Oilfield Services & Equipment (OFSE) segment, which experienced a 7% decline in orders year-over-year, totaling $15.2 billion for the full year. The OFSE revenue also decreased by 7% compared to the previous year. Operating income saw a sequential decrease of 4% in the fourth quarter, attributed to lower volume, despite some positive pricing and productivity initiatives. The total remaining performance obligations (RPO) decreased by $0.3 billion from the previous quarter, indicating a slight decline in future revenue expectations.

Jan 30, 2025 17:10:06

Baker Hughes Reports Strong Q3 2024 Financial Results

Baker Hughes Company announced strong financial results for the third quarter of 2024, with revenue of $6.9 billion, marking a 4% year-over-year increase. The company reported an attributable net income of $766 million and a significant rise in adjusted EBITDA of 23% year-over-year, reaching $1.2 billion. Orders remained robust, particularly in their Industrial & Energy Technology (IET) segment, which saw a record backlog. Additionally, the company returned $361 million to shareholders, demonstrating a commitment to enhancing shareholder value through share repurchases and dividends.

However, the company faced challenges with a decrease in total orders, which fell to $6.7 billion, a drop of 22% compared to the previous year. The IET segment experienced a notable decline in orders, down 34% year-over-year, primarily driven by lower demand for gas technology equipment. Despite these setbacks, Baker Hughes highlighted its operational discipline and strategic initiatives aimed at improving margins and reducing cyclicality, suggesting a focus on long-term growth amid current market fluctuations.

Oct 22, 2024 17:14:31

Baker Hughes Reports Strong Q2 2024 Financial Results

Baker Hughes Company announced impressive second-quarter results with $7.5 billion in orders and $7.1 billion in revenue, marking a 13% year-over-year increase. Net income rose to $579 million, reflecting a 41% growth. The company also reported a 25% increase in adjusted EBITDA and a significant return to shareholders, totaling $375 million. However, cash flow from operations decreased by 56%, raising concerns about future liquidity. Overall, the results indicate robust performance and confidence in future growth.

Jul 25, 2024 17:10:57

Baker Hughes Company Q1 2024 Results Overview

Baker Hughes Company reports a strong first quarter in 2024 with $6.5 billion in orders, $6.4 billion in revenue, and $455 million in net income. Notable achievements include a 12% revenue increase year-over-year, 21% growth in adjusted EBITDA, and $502 million in free cash flow. The company highlights substantial orders in the Industrial and Energy Technology segment, including key contracts in gas technology projects. Baker Hughes also emphasizes enhancing shareholder returns through dividends and share repurchases.

Apr 23, 2024 17:14:10