Baker Hughes Company Class A (BKR)

Baker Hughes Co. stock has shown positive performance over the past six months, with increases of 9.6% and 19.8% over the last six and three months, respectively. Shareholders approved the pending acquisition of Chart Industries, expected to close mid-2026. The company secured an LNG equipment deal for Sempra's Port Arthur LNG Phase 2 project and a multi-year agreement with Petrobras for subsea tree systems. Baker Hughes was selected by Fervo Energy to deliver geothermal power generation equipment and plans to expand in Italy. Q2 2025 results showed adjusted EPS of $0.63 and revenue of $6.9 billion, driven by a 28% rise in gas technology orders. Q1 adjusted earnings beat estimates but flagged a potential $100M-$200M impact due to tariffs. Earlier in the year, Baker Hughes projected a decrease in drilling and well completion spending in North America for 2024.

Demand for Baker Hughes' products and services exhibits some seasonality and sensitivity to market conditions. The company has noted a seasonal decline in international revenues and a slow start on U.S. land during the first quarter. Discretionary spending delays by customers can extend into the second quarter, and oil price volatility presents a potential downside to activity in the second half of the year, particularly in U.S. Land operations.

Baker Hughes operates through two primary segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). The OFSE segment focuses on products and services for onshore and offshore oilfield operations throughout the well's lifecycle, serving various oil and gas companies. The IET segment provides gas technology equipment and caters to energy sectors, expanding into new energy frontiers like hydrogen production, geothermal energy, and CCUS.

Baker Hughes conducts business in over 120 countries worldwide, with a significant global presence in regions including the Americas, Europe, the Middle East, Africa, and Asia. Specific countries mentioned include Australia, Brazil, Singapore, Malaysia, India, Dubai, Saudi Arabia, Italy, Germany, Norway, the United Kingdom, and the United States.

Baker Hughes has a long-established and generally stellar reputation in the oil and gas industry. No major negative events or controversies significantly impacting its brand reputation have been widely reported in the past year. The company's strategic initiatives and investments in energy transition technologies contribute positively to its public image.

Baker Hughes Co. is primarily owned by institutional investors, holding approximately 55.98% to 87.28% of the company's stock. Major institutional owners include Vanguard Group Inc., JPMorgan Chase & Co, and BlackRock, Inc. Individual investors own a smaller portion, ranging from 12.61% to 31.29%, with insider ownership between 0.11% and 0.27%.