Baker Hughes Company has been in the news for various activities, including financial results, contract acquisitions, and strategic divestitures. The company has sold its
Precision Sensors & Instrumentation to
Crane Company for $1.15 billion and announced a joint venture with
Cactus involving a 65% stake in the surface pressure control business. Financially, the firm's Q1 2025 results beat estimates, with EBITDA surging 10% as the company landed significant data center deals.
Equinor has contracted Baker Hughes to plug and abandon wells in the North Sea, marking a groundbreaking deal. However, the company's U.S. rig count has reportedly decreased. Various financial organizations, including Miracle Mile Advisors LLC, Merit Financial Group LLC, and Rheos Capital Works Inc., have invested significantly in Baker Hughes. There have also been notable insider activities, with Maria Borras selling shares, although others, such as Vest Financial LLC, have increased their holdings. Baker Hughes plans to report its Q4 earnings and expectations are high following an impressively strong Q1 2025.
Baker Hughes Company BKR News Analytics from Sat, 26 Oct 2024 07:00:00 GMT to Sat, 14 Jun 2025 10:43:54 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -2
