BKR

In October 2026, Baker Hughes signed two strategic agreements to develop Venezuela's natural gas and energy infrastructure, signaling a significant revenue opportunity, and also announced a modest increase in the U.S. Rig Count. In September 2026, shares fell by 6.5% after the CEO indicated that integration costs and weaker margins from the Chart Industries acquisition would negatively impact near-term financial performance, leading to a reduced 2026 free cash flow conversion target. In July 2026, the company reported strong second-quarter earnings with orders of $10.5 billion and revenue of $6.7 billion, and successfully closed the $13.6 billion all-cash Chart Industries acquisition, though this led to a credit rating downgrade due to increased leverage. In May 2026, Baker Hughes reported strong adjusted EPS in Q1 2026, primarily driven by its Industrial and Energy Technology segment, despite a revenue decline in the Middle East and Asia due to regional conflict, with the IET segment recording a record $4.9 billion in orders.