Baker Hughes Company Class A (BKR)

Baker Hughes Co. (BKR) stock has shown strong performance, surging approximately 42% over the past 12 months as of March 2026, and reaching a 52-week high of $70.41 in April 2026. On May 7, 2026, BKR shares fell 4.6% after a Barclays analyst downgraded the company's rating and crude oil prices dropped. Baker Hughes reported strong first-quarter 2026 results, beating Wall Street's expectations with adjusted earnings per share of $0.58 and revenue of $6.59 billion. The company announced the divestiture of its Waygate Technologies unit, expecting to generate approximately $1.45 billion in gross proceeds in 2026. Baker Hughes has been winning significant orders for gas turbines and power systems to support AI data centers.

Demand for Baker Hughes' products and services can be affected by seasonal and weather conditions. Variations from normal weather patterns can significantly impact demand. Adverse weather events can interrupt or curtail operations, cause supply disruptions, and lead to revenue loss and equipment damage. The Oilfield Services & Equipment (OFSE) segment has experienced expected seasonal weakness, such as a sequential decline in Q1 2025.

Baker Hughes Co. (BKR) is a global energy technology company co-headquartered in Houston, Texas, and London, UK, providing products and services to the oil and gas industry, as well as for other energy and industrial applications. Baker Hughes operates within the energy technology sector and the petroleum industry. The company's business is structured around two primary segments: Oilfield Services and Equipment (OFSE) and Industrial and Energy Technology (IET). The OFSE segment offers solutions for well construction, completions, intervention, measurements, production solutions, and subsea and surface pressure systems. The IET segment provides equipment and services for mechanical drive, compression, power generation, and measurement, including gas turbines, compressors, pumps, valves, control systems, and climate-related technologies.

Baker Hughes has a significant global presence, operating in over 120 countries. A substantial portion of its revenue is generated outside the United States, with approximately 72-74% of its total revenue coming from non-U.S. regions in fiscal years 2024 and 2025. The company has facilities in numerous countries, including Australia, Brazil, Singapore, Malaysia, India, UAE, Saudi Arabia, Italy, Germany, Norway, the United Kingdom, Namibia, Nigeria, and the United States.

Baker Hughes positions itself as an energy technology company committed to making energy safer, cleaner, and more efficient. The company has focused on the energy transition, investing in climate-related technologies. In January 2019, Baker Hughes pledged to reduce carbon dioxide equivalent emissions by 50% by 2030 and 100% by 2050 from a 2012 baseline. The acquisition of Mosaic Materials Inc. in 2022 expanded its portfolio of carbon capture utilization and storage solutions. The company's strategic pivot towards higher-growth industrial technology markets has also garnered significant investor attention.

Ownership of Baker Hughes Company is highly institutional and widely dispersed. The Vanguard Group holds approximately 11.4% to 12.51% of outstanding shares. BlackRock Inc. holds about 5.17% to 8.7% of shares. State Street Corporation holds roughly 5.2% to 6.13% of shares. JPMorgan Chase & Co. also has significant holdings. Other influential managers and major shareholders include Capital Research, Dodge & Cox, Geode Capital Management, Capital Research Global Investors, Norges Bank, and Artisan Partners Limited Partnership.