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Key Takeaways Baker Hughes' Q3 revenues are estimated at $7.78 billion, reflecting 11% growth from the prior-year quarter. BKR's Q3 earnings estimate rose over the past month to 64 cents per share but implies a 5.9% y/y decline. Higher oil prices may boost BKR's demand, while Middle East tensions could hurt profits via delays & costs. Baker Hughes (BKR - Free Report) is set to report third-quarter 2026 results on Oct 27, after market close.

In the last reported quarter, its earnings of 64 cents per share beat the Zacks Consensus Estimate of 51 cents, driven by strong Oilfield Services & Equipment execution, firm Industrial & Energy Technology profitability and record order momentum. The oilfield services player’s earnings topped the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 17.4%. This is depicted in the graph below:

Estimate Trend for BKRThe Zacks Consensus Estimate for third-quarter earnings per share of 64 cents has been revised upward over the past 30 days. The estimated figure indicates a 5.9% decline from the prior-year reported number.

The Zacks Consensus Estimate for revenues of $7.78 billion implies an 11% improvement from the year-ago recorded figure.

Factors to Consider for BKRAccording to data from the U.S. Energy Information Administration, average Cushing, OK, WTI spot prices stood at $80.46, $83.90 and $97.31 per barrel in July, August and September 2026, respectively, significantly higher than $68.39, $64.86 and $63.96 per barrel in the corresponding months of 2025.

The substantial year-over-year increase in crude prices, primarily driven by geopolitical tensions surrounding the Iran war, likely created a favorable business environment for Baker Hughes. Stronger commodity prices may have supported upstream spending and demand for oilfield services, potentially benefiting the company's third-quarter earnings and cash flows.

However, the positive impact of elevated oil prices may have been partly offset by disruptions stemming from the Middle East conflict. Project delays, supply-chain challenges and higher operating costs could have affected BKR's operations and weighed on quarterly profitability.

Earnings WhispersOur proven model does not conclusively predict an earnings beat for BKR this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is the case here, as you will see below.

Earnings ESP: BKR has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

Zacks Rank: BKR currently sports a Zacks Rank #1.

Stocks to ConsiderHere are some energy stocks that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.

ExxonMobil Holdings Corporation (XOM - Free Report) has an Earnings ESP of +5.37% and currently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

XOM is scheduled to release third-quarter 2026 earnings on Oct. 30. The Zacks Consensus Estimate for XOM’s earnings is pegged at $3.96 per share, indicating a 110.6% improvement from the prior-year reported figure.

EOG Resources (EOG - Free Report) has an Earnings ESP of +2.43% and carries a Zacks Rank #2 at present. EOG is scheduled to release third-quarter 2026 earnings on Nov. 5.

The Zacks Consensus Estimate for EOG’s earnings is pegged at $4.44 per share, suggesting a 63.4% improvement from the prior-year reported figure.

BP plc (BP - Free Report) has an Earnings ESP of +7.13% and a Zacks Rank #1. BP is scheduled to release third-quarter 2026 earnings on Oct. 30.

The Zacks Consensus Estimate for BP’s earnings is pegged at $2.66 per share, suggesting a 212.9% increase from the prior-year reported figure.

Wall Street expects a year-over-year decline in earnings on higher revenues when Baker Hughes (BKR - Free Report) reports results for the quarter ended September 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on October 27, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis oilfield services company is expected to post quarterly earnings of $0.64 per share in its upcoming report, which represents a year-over-year change of -5.9%.

Revenues are expected to be $7.77 billion, up 10.8% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 2.14% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Baker Hughes?For Baker Hughes, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #1.

So, this combination makes it difficult to conclusively predict that Baker Hughes will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Baker Hughes would post earnings of $0.51 per share when it actually produced earnings of $0.64, delivering a surprise of +25.49%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Baker Hughes doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Baker Hughes (BKR - Free Report) . This company, which is in the Zacks Oil and Gas - Field Services industry, shows potential for another earnings beat.

This oilfield services company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 20.75%.

For the most recent quarter, Baker Hughes was expected to post earnings of $0.51 per share, but it reported $0.64 per share instead, representing a surprise of 25.49%. For the previous quarter, the consensus estimate was $0.5 per share, while it actually produced $0.58 per share, a surprise of 16.00%.

Price and EPS Surprise

For Baker Hughes, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Baker Hughes has an Earnings ESP of +1.15% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #1 (Strong Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on October 27, 2026.

When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.

Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Venture Global (VG.N) said on Thursday it had signed deals with GE Vernova (GEV.N) and Baker Hughes (BKR.O) to support ​up to 16 new power generation units, advancing ‌plans to develop off-grid power capacity that could support AI data centers and its LNG operations.

The rapid growth of data centers ​has fueled interest in behind-the-meter power projects as ​developers seek to secure dedicated electricity supplies without ⁠adding strain to already constrained public power grids.

Here are ​more details:

The agreements cover up to 16 power-island units ​of 720 megawatts each, alongside associated transformer equipment

Venture said the units could support up to 10 gigawatts of compute capacity by the ​end of 2034, subject to customer commitments and market ​demand

The company expects to place its first order for a power ‌island ⁠by the end of 2026

The gas-fired, combined-cycle units would operate behind-the-meter, without drawing on public power grids or water utilities, the company said

Any third-party data center development would ​be separate ​from and complementary ⁠to its LNG operations and would not affect existing LNG sales commitments, Venture said

The ​company plans to file its first permit ​applications ⁠this week. Additional equipment orders will depend on future commercial and operational requirements

This new capacity would expand on the ⁠company's 4.5 ​GW of gas-fired generation that ​powers its facilities in island mode, allowing the plants to operate independently ​of the grid

Investors interested in Oil and Gas - Field Services stocks are likely familiar with Drilling Tools International Corp. (DTI - Free Report) and Baker Hughes (BKR - Free Report) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.

Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.

Drilling Tools International Corp. and Baker Hughes are both sporting a Zacks Rank of #1 (Strong Buy) right now. This means that both companies have witnessed positive earnings estimate revisions, so investors should feel comfortable knowing that both of these stocks have an improving earnings outlook. But this is just one factor that value investors are interested in.

Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.

Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.

DTI currently has a forward P/E ratio of 20.10, while BKR has a forward P/E of 21.74. We also note that DTI has a PEG ratio of 2.23. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. BKR currently has a PEG ratio of 2.66.

Another notable valuation metric for DTI is its P/B ratio of 0.59. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, BKR has a P/B of 2.78.

These metrics, and several others, help DTI earn a Value grade of B, while BKR has been given a Value grade of D.

Both DTI and BKR are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that DTI is the superior value option right now.

Key Takeaways Baker Hughes will support Venezuela's gas infrastructure, LNG development and broader energy value chain.BKR's pact with New Stratus Energy expands its potential upstream opportunities across multiple technologies.BKR's 60-year Venezuelan presence and installed base strengthen its position as energy projects advance. Baker Hughes Company (BKR - Free Report) has signed two strategic agreements aimed at supporting the redevelopment of Venezuela’s energy infrastructure and expanding the country’s oil and gas production. The agreements broaden BKR’s exposure across upstream development, gas infrastructure and liquefied natural gas (“LNG”) commercialization, while leveraging the company’s long-established operating presence in Venezuela. The initiatives highlight BKR’s ability to participate across multiple stages of the energy value chain.

Venezuela Gas Value Chain ExpansionThe leading oil and gas equipment and service player entered into a strategic alliance with PDVSA, Lindsayca and Fulcrum LNG to revitalize and expand Venezuela’s natural gas infrastructure. The partnership is designed to connect upstream resource development with gas processing, transportation, commercialization and LNG infrastructure.

The initiative targets the creation of an integrated gas value chain that supports domestic gas requirements and power generation while opening a pathway for future LNG exports. For BKR, participation across several development phases expands the opportunity for its equipment, technologies and services.

Broader Energy Technology OpportunityBaker Hughes brings a broad portfolio of energy technologies to the alliance, covering oil and gas field development, gas infrastructure and LNG solutions. Lindsayca contributes engineering, procurement, construction and operating capabilities, while Fulcrum brings midstream and LNG development, financing and market-access expertise.

This structure gives BKR exposure to potential spending across upstream production, processing, transportation and LNG development rather than relying on a single project category.

New Upstream Growth AvenueSeparately, Baker Hughes signed a memorandum of understanding with New Stratus Energy to support future oil and gas prospects. The collaboration covers subsurface evaluation, drilling, production, processing, digital technologies, emissions reduction, power generation and resource monetization.

The agreements reinforce BKR’s integrated business model and position the company to capture opportunities as future Venezuelan projects advance.

Installed Base Strengthens PositionBaker Hughes has operated in Venezuela for more than 60 years. Its installed base includes more than 1,200 oil production systems, a significant artificial-lift footprint, flexible-pipe infrastructure and roughly 240 turbomachinery units across 23 sites.

The existing infrastructure and operating experience strengthen BKR’s position as Venezuela rebuilds its energy production and gas infrastructure.

Long-Term Opportunity With Execution RisksThe agreements expand Baker Hughes’ long-term growth pipeline in a resource-rich market and align with its strengths in gas technology, LNG and integrated oilfield solutions.

However, the alliance remains a cooperation framework, with individual projects requiring definitive agreements, internal approvals and compliance with U.S. sanctions and export-control requirements. Execution and regulatory approvals therefore remain key factors for investors to watch.

BKR’s Zacks Rank & Key PicksBKR currently sports a Zacks Rank #1 (Strong Buy).

Investors looking to capitalize on continued spending across upstream development, natural gas infrastructure and LNG expansion may consider TechnipFMC plc (FTI - Free Report) , Equinor ASA (EQNR - Free Report) and Venture Global, Inc. (VG - Free Report) . FTI, EQNR and VG currently sport a Zacks Rank #1 each. You can see the complete list of today’s Zacks Rank #1 stocks here.

TechnipFMC provides integrated technologies, equipment and services for subsea, offshore and surface energy projects. The company’s operations focus on helping oil and gas producers improve project execution, lower development costs and enhance production efficiency through integrated engineering and technology solutions. FTI’s subsea backlog increased to $15.83 billion in the second quarter of 2026 from $15.81 billion a year ago, while recent awards from Petrobras and PETRONAS underscore steady demand for subsea systems and integrated project solutions.

Equinor is well-positioned to benefit from sustained investment in oil and gas development, including natural gas projects. The company had exploration activity at 10 wells in the second quarter of 2026, with three appraisal wells confirming previously reported commercial discoveries on the Norwegian Continental Shelf. The energy giant plans to allocate about 90% of its capital spending to oil and gas and is targeting production growth through 2030, supporting continued demand for energy infrastructure and services. EQNR recently strengthened its exploration portfolio by agreeing to acquire a 17.4% interest in Chevron-operated PEL 90 in Namibia’s prospective Orange Basin.

Venture Global develops and operates LNG export facilities along the U.S. Gulf Coast, supplying low-cost LNG to global markets through long-term sales agreements. This provides VG with direct exposure to the expanding global LNG market and rising investment in natural gas infrastructure. Supporting its long-term growth profile, the company signed a 20-year LNG sales and purchase agreement with ConocoPhillips for 1 million tons per annum beginning in 2030, further strengthening its contracted revenue base.

Park National Corp OH increased its stake in Baker Hughes Company (NASDAQ:BKR – Free Report) by 150.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 169,142 shares of the company’s stock after acquiring an additional 101,738 shares during the period. Park National Corp OH’s holdings in Baker Hughes were worth $9,286,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Baker Tilly Wealth Management LLC acquired a new stake in shares of Baker Hughes in the 3rd quarter valued at about $212,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Baker Hughes by 22.8% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 8,985 shares of the company’s stock valued at $493,000 after purchasing an additional 1,666 shares during the last quarter. CX Institutional grew its holdings in shares of Baker Hughes by 1,266.4% during the third quarter. CX Institutional now owns 138,934 shares of the company’s stock valued at $7,756,000 after purchasing an additional 128,766 shares during the last quarter. GoalVest Advisory LLC raised its position in shares of Baker Hughes by 9.5% during the 3rd quarter. GoalVest Advisory LLC now owns 44,506 shares of the company’s stock worth $2,460,000 after purchasing an additional 3,863 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of Baker Hughes by 32.4% in the 3rd quarter. Versant Capital Management Inc now owns 6,003 shares of the company’s stock worth $330,000 after purchasing an additional 1,468 shares during the last quarter. 92.06% of the stock is owned by hedge funds and other institutional investors.

Baker Hughes Price Performance Baker Hughes stock traded up $1.43 during trading hours on Monday, hitting $57.43. 2,412,069 shares of the company traded hands, compared to its average volume of 8,810,854. Baker Hughes Company has a 1-year low of $43.92 and a 1-year high of $70.41. The firm has a market cap of $57.01 billion, a P/E ratio of 18.54, a P/E/G ratio of 2.45 and a beta of 1.04. The firm’s 50-day simple moving average is $60.75 and its two-hundred day simple moving average is $61.14. The company has a quick ratio of 1.76, a current ratio of 2.09 and a debt-to-equity ratio of 0.77.

Baker Hughes (NASDAQ:BKR – Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.13. Baker Hughes had a net margin of 11.17% and a return on equity of 13.85%. The business had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $6.54 billion. During the same period last year, the firm posted $0.63 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. As a group, analysts forecast that Baker Hughes Company will post 2.58 earnings per share for the current fiscal year. Baker Hughes Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, August 7th were issued a $0.23 dividend. The ex-dividend date was Friday, August 7th. This represents a $0.92 annualized dividend and a dividend yield of 1.6%. Baker Hughes’s dividend payout ratio is 29.68%.

Analysts Set New Price Targets Several equities research analysts have weighed in on the company. Barclays dropped their target price on Baker Hughes from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 16th. Citigroup increased their price objective on shares of Baker Hughes from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Zacks Research raised shares of Baker Hughes from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 16th. Morgan Stanley began coverage on shares of Baker Hughes in a research report on Friday, August 7th. They issued an “overweight” rating and a $70.00 target price for the company. Finally, UBS Group dropped their price target on shares of Baker Hughes from $72.00 to $69.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.41.

Check Out Our Latest Analysis on Baker Hughes

Baker Hughes Company Profile (Free Report)

Baker Hughes Company (NASDAQ:BKR) is an energy technology company that provides equipment, services and digital solutions to oil and gas producers, industrial companies and other energy customers. Its offerings support activities across the energy value chain, including exploration and production, drilling, well construction, production optimization, and the transportation and processing of hydrocarbons.

The company supplies oilfield services and equipment such as drilling systems, well-completion technologies, artificial-lift systems, subsea production equipment and well-intervention services.

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Baker Hughes (BKR.O) said on Monday it has signed an agreement with Venezuelan state oil company PDVSA, engineering firm Lindsayca and ​LNG developer Fulcrum LNG to develop natural gas infrastructure ‌in the South American country.

The US oilfield services company also entered into a separate agreement with New Stratus Energy to ​support future oil and gas projects in ​the country.

Here are more details:

Baker Hughes said the agreements create ⁠a framework to tie the country's upstream resource development, ​midstream infrastructure, gas monetization and LNG commercialization.

Under the first alliance, Baker ​Hughes, Lindsayca and Fulcrum will combine their capabilities to develop the infrastructure needed to process, transport, commercialize and potentially export natural ​gas.

Any projects developed under the alliance would be ​subject to separate definitive agreements, internal approvals and applicable US sanctions and ‌export-control ⁠requirements, including authorizations from the US Treasury Department's Office of Foreign Assets Control, Baker Hughes said.

Baker Hughes had earlier this year said it sees a significant revenue opportunity in Venezuela, with the main ​considerations for ​operating there ⁠being safety and conditions for employees, and clarity on legal and regulatory frameworks.

Venezuela's oil ​industry has been state-controlled for two decades, ​since ⁠the government expropriated assets of foreign companies such as US giants ExxonMobil (XOM.N) and ConocoPhillips (COP.N).

Chevron (CVX.N) is the only US major that retained ⁠continuous ​operations in the country, as ​a partner of PDVSA.

Financial terms of Baker Hughes' agreements were not disclosed.

Key Takeaways Baker Hughes may benefit as elevated oil prices support active drilling and production programs.Oceaneering may see healthier ROV and offshore services demand as producers commit more capital.BKR sees improving activity in several regions, while OII reports stronger activity and longer contracts. Oil prices remain elevated, opening up opportunities for many companies in the space. Several concerns arise, ranging from inflation to broader ripple effects across the economy. However, high commodity prices are prompting investors to allocate money in the oil-energy sector. Let’s delve into the factors that could make oilfield service players attractive to investors.

High Oil Price: Sweet Spot for Oilfield Service Players?West Texas Intermediate (“WTI”) crude is trading above $94 per barrel. The high prices are being driven by ongoing tensions in the Middle East. The U.S. Energy Information Administration (“EIA”) in its latest short-term energy outlook projected WTI at $84.65 per barrel for this year, higher than $65.40 last year. A highly favorable pricing environment for the commodity is likely to continue supporting exploration and production activities.

In this regard, upstream players operating in the Permian, the most prolific basin in the United States, and other promising resources are likely to continue benefiting from the ongoing strength in oil prices. In the outlook, EIA estimated that total crude oil production in the United States would be 13.83 million barrels per day this year, higher than 13.66 million barrels per day last year.

With high prices of the commodity, production will likely increase in U.S. resources and will in turn boost the demand for oilfield services. This is because oilfield service players help explorers and producers to effectively set up oil and gas wells.

BKR & OII: 2 Energy Stocks Worth Betting on NowElevated oil prices may encourage producers to keep drilling and production programs active, supporting demand for Baker Hughes’ (BKR - Free Report) oilfield services. Management also sees improving activity across North America, Brazil, Mexico, the Asia-Pacific and parts of Africa. Healthy subsea orders and stronger backlog execution could provide further support, even as overall global upstream spending is expected to ease modestly in 2026. BKR currently carries a Zacks Rank #2 (Buy).

Oceaneering International (OII - Free Report) supports offshore oil and gas development through services such as subsea robotics, surveys, specialized tools and intervention work. High oil prices could encourage producers to commit more capital to offshore projects and keep rigs active for longer periods. OII is already seeing stronger activity and longer contract durations, which could translate into healthier demand for its ROV fleet and offshore project services. OII currently carries a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Key Takeaways Brent and WTI have surged over 65% in 2026 as geopolitical tensions disrupt major global supply routes.Middle East disruptions and damage to Russian oil infrastructure are keeping global crude supplies tight.BKR, MPC and SEI have seen 2026 earnings estimates rise 12.5%, 37% and 57%, respectively, in 60 days. Oil prices have surged sharply in 2026 as escalating geopolitical tensions have disrupted major supply routes and tightened global energy markets. Brent and West Texas Intermediate crude have climbed more than 65% since the start of the year, reflecting growing concerns over constrained Middle East exports and damage to Russian energy infrastructure. With physical supplies remaining tight and fresh risks surrounding key shipping lanes, the oil rally continues to create a supportive backdrop for energy stocks with strong price momentum.

Against this backdrop, Baker Hughes (BKR - Free Report) , Marathon Petroleum (MPC - Free Report) and Solaris Energy Infrastructure (SEI - Free Report) stand out as three momentum stocks carrying favorable Zacks Ranks. Their strong price trends make them worth watching as investors look for ways to participate in the ongoing strength across the energy space. With crude markets still supported by supply constraints and geopolitical uncertainty, these stocks could remain in focus if oil prices stay elevated.

Oil Supply Concerns Keep Crude Prices ElevatedBrent crude has recently traded around the $105-per-barrel level, while West Texas Intermediate has hovered near $95. More important than the day-to-day moves is the scale of this year’s advance: both benchmarks have risen significantly since January. The rally has been driven largely by reduced oil flows from the Middle East, where disruptions around the Strait of Hormuz and attacks affecting Saudi export routes have made global supplies harder to move reliably.

Supply pressure extends beyond the Middle East. Ukrainian drone and missile attacks have damaged Russian oil infrastructure, reducing crude processing, production and exports. At the same time, Saudi crude exports have fallen sharply, while interruptions to key pipelines and Red Sea routes have added strain. Although negotiations between the United States and Iran can trigger sudden pullbacks, the broader market remains tight, keeping crude prices well above the levels seen at the beginning of 2026.

Oil Outlook Remains SupportiveThe near-term outlook for oil remains favorable as supply risks continue to outweigh concerns over softer demand. The International Energy Agency has raised its estimate of this year’s global oil deficit and now expects the return of a surplus to be delayed until 2027. With major producing regions still facing export disruptions, crude prices could remain elevated, supporting continued investor interest in energy stocks displaying strong momentum.

Here’s What We BelieveWe believe investors can benefit by following established bullish market trends, making momentum investing a useful strategy in the current environment.

The Zacks Style Score system helps identify stocks with favorable characteristics. In particular, the Momentum Score highlights stocks showing strong price trends that could continue.

We combine a Zacks Momentum Score of A with a Zacks Rank #1 (Strong Buy), which identifies stocks with strong prospects for outperforming the market over the next one to three months. You can see the complete list of today’s Zacks #1 Rank stocks here.

Since estimate revisions are a key driver of the Zacks Rank, stocks with favorable ranks and strong momentum scores can offer attractive short-term potential.

Here, we have selected three energy stocks for momentum investors based primarily on these two factors.

3 Stocks to BuyBaker Hughes: It is an energy technology company with operations spanning oilfield services and equipment, industrial and energy technology, and a broader industrial portfolio following the Chart Industries acquisition. Baker Hughes’ offerings cover drilling, production, subsea systems, compression, power generation, flow control and digital solutions, giving it exposure across much of the energy value chain.

The current oil upswing could support BKR by encouraging stronger upstream activity and continued spending by producers, particularly across its Oilfield Services & Equipment business. At the same time, growing demand for gas infrastructure, power and industrial solutions adds diversification, while management continues to target stronger margins and durable earnings growth.

Over the past 60 days, the Zacks Consensus Estimate for Baker Hughes’ 2026 earnings has moved up 12.5%.

Marathon Petroleum: It is a major U.S. refiner with operations spanning the Gulf Coast, Mid-Continent and West Coast. Marathon Petroleum’s integrated refining and logistics network helps move crude efficiently and place finished fuels in attractive markets. Through MPLX, MPC also has sizable midstream exposure, including natural gas processing, pipelines and NGL infrastructure.

The current oil-market tightness could support Marathon Petroleum if strong fuel prices and wider refining spreads persist. Its flexible refining system can process both sweet and sour crude, helping optimize feedstock costs and margins. Meanwhile, MPLX adds steadier cash flows and growth exposure beyond refining.

Over the past 60 days, the Zacks Consensus Estimate for Marathon Petroleum’s 2026 earnings has moved up 37%.

Solaris Energy Infrastructure: Solaris Energy Infrastructure provides power and logistics solutions across energy and industrial markets. Its Power Solutions business supplies behind-the-meter generation, distribution and related services, while Logistics Solutions serves upstream energy customers. The company is expanding rapidly, with 3.2 GW of power capacity under firm OEM purchase orders and long-term agreements supporting more than 2 GW of data-center demand.

SEI also benefits from exposure to oilfield activity through its logistics operations. If elevated oil prices encourage producers to maintain or increase drilling and completion work, demand for these services could improve. At the same time, logistics cash flow helps fund the company’s growing power platform.

Over the past 60 days, the Zacks Consensus Estimate for Solaris Energy Infrastructure’s 2026 earnings has moved up 57%.

Key Takeaways WTI crude near $100 supports a favorable backdrop for higher exploration and production activity.Baker Hughes could benefit from active drilling, improving regional activity and healthy subsea orders.Oceaneering sees stronger activity and longer contracts that may support ROV and offshore service demand. Oil prices have been making headlines, as the Iran war shock has pushed commodity prices back toward their glory days. Although the tensions have made the stock market highly uncertain, energy stocks have retained their appeal. Is it time to invest in stocks such as Baker Hughes (BKR - Free Report) and Oceaneering International, Inc. (OII - Free Report) ?

High Crude Price to Aid Oilfield Service Firms?West Texas Intermediate (“WTI”) crude is hovering around the $100-per-barrel mark. The high prices are being driven by intensifying tensions in the Middle East. The U.S. Energy Information Administration (“EIA”) in its latest short-term energy outlook projected WTI at $84.65 per barrel for this year, higher than $65.40 last year. A highly favorable pricing environment for the commodity is likely to continue supporting exploration and production activities.

With higher upstream activities, demand for oilfield services will also increase, since oilfield service players help explorers and producers efficiently drill oil and gas wells. Thus, with high prices of the commodity, production will likely increase in the most prolific basin, which will aid the bottom lines of oilfield service companies.

2 Oilfield Service Firms to Buy NowElevated oil prices may encourage producers to keep drilling and production programs active, supporting demand for Baker Hughes’ oilfield services. Management also sees improving activity across North America, Brazil, Mexico, the Asia-Pacific and parts of Africa. Healthy subsea orders and stronger backlog execution could provide further support, even as overall global upstream spending is expected to ease modestly in 2026. BKR currently sports a Zacks Rank #1 (Strong Buy).

Oceaneering International supports offshore oil and gas development through services such as subsea robotics, surveys, specialized tools and intervention work. High oil prices could encourage producers to commit more capital to offshore projects and keep rigs active for longer periods. Management is already seeing stronger activity and longer contract durations, which could translate into healthier demand for OII’s ROV fleet and offshore project services. OII currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Despite selling shares to cover tax withholding, Gatti's direct stake grew to 20,751 shares valued at $1.32 million following option exercises and vesting events.

Secured a substantial order to supply gas compression systems for the Cloud Connector Pipeline projectAwarded a major order for a modular liquefaction solution supporting Plaquemines LNG facility expansion Awards deepen long-standing strategic collaboration with Venture Global
HOUSTON and LONDON, Sept. 13, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) and Venture Global LNG are expanding their long-standing collaboration to advance critical U.S. gas infrastructure. Reinforcing Baker Hughes’ connected capabilities across the natural gas value chain, the company will provide gas compression systems for the Cloud Connector Pipeline project in Louisiana, as well as a modular liquefaction solution including cold boxes to support the expansion of the Plaquemines LNG facility.

Together, the pipeline and liquefaction awards demonstrate the critical role of integrated natural gas infrastructure in expanding LNG supply and enhancing energy security for global markets. The substantial pipeline award, which includes 13 gas compression systems driven by Frame 5/2E gas turbines, represents one of the largest deployments for LNG feed gas transportation in the United States. This will enable reliable and efficient transportation of feed gas through the Cloud Connector Pipeline to Venture Global’s Plaquemines facility.

Under the major liquefaction award, Baker Hughes will provide four liquefaction blocks, comprising a total of eight liquefaction modules, to support additional LNG production capacity at Plaquemines LNG facility. The liquefaction blocks include Chart cold boxes.

"Baker Hughes has been a trusted partner across our LNG developments, both at our LNG facilities and across our pipeline infrastructure," said Mike Sabel, CEO of Venture Global. "As we advance the expansion of Plaquemines LNG, this collaboration not only supports our expansion plans, but also helps ensure we deliver the reliable feed gas transportation necessary to realize our mission of supplying secure LNG to global markets.”

"U.S. natural gas is helping to deliver the energy continuity required for industries, communities, and economies to thrive, grow and innovate. Baker Hughes is proud to work alongside our partners at Venture Global as they expand Plaquemines LNG, providing the critical energy infrastructure needed to meet growing global long-term global energy demand,” said Lorenzo Simonelli, chairman and CEO of Baker Hughes.

The liquefaction solution provided by Baker Hughes for the Plaquemines expansion follows a similar scope recently awarded for the CP2 project. Each liquefaction block is based on two electric-motor driven, single mixed-refrigerant (SMR) liquefaction modules and associated compression trains featuring Baker Hughes' advanced centrifugal compressor technology, as well as cold boxes, air coolers and integrated control systems.

The Cloud Connector award is the second order of Frame 5/2E gas turbine-driven centrifugal compressor packages for Venture Global’s feed gas pipeline, expanding the fleet to 23 Frame 5/2E-driven gas compression systems for the Plaquemines LNG facility. The award further strengthens Baker Hughes’ strategic relationship with Venture Global, supporting more than 100 MTPA of existing and planned LNG production capacity, and reinforces Baker Hughes’ role as a leading industrialized energy provider across the natural gas value chain.

About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

For more information, please contact:

Investor Relations

Chase Mulvehill
+1 346-297-2561
[email protected]

10.9.2026 22:04

Americkým akciím se počtvrté za sebou nevedlo. Špatná nálada plyne z růstu cen ropy a dalších inflačních tlaků, které vytvářejí významný prostor pro brzký růst sazeb FEDu. Pokračující nejistota v Hormuzském průlivu a očekávané americké midterms vzývají investory k vyčkávání a zavírání zisků.

Index Dow Jones -0,6 % na 52064,1 b.
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Index S&P 500 -0,58 % na 7591,75 b. Nejsilnij1í sektory S&P Zmina Nejslab1í sektory S&P Zmina Komunikaení slu 3/4 by +0,3 % Základní materiály -1,5 % Nezbytná spotoeba +0,2 % Utility -1 % Finanení sektor -0,3 % Informaení technologie -0,9 % Nejsilnij1í akcie S&P Zmina Nejslab1í akcie S&P Zmina Skyworks Solutions (SWKS) +9,8 % Cooper Cos (COO) -15 % Reddit (RDDT) +6,1 % Baker Hughes (BKR) -6,7 % Charter Communications (CHTR) +5,0 % Freeport-McMoRan (FCX) -6,6 % Elevance Health (ELV) +5,0 % Hewlett Packard Enterprise (HPE) -6,2 % Apple (AAPL) +3,6 % FactSet Research Systems (FDS) -5,8 %
Martin Varecha
Fio banka, a.s.
Prohlášení

Baker Hughes Company (BKR) Presents at Barclays 40th Annual Energy-Power Conference Transcript

Continuum Advisory LLC reduced its stake in Baker Hughes Company (NASDAQ:BKR – Free Report) by 87.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,322 shares of the company’s stock after selling 9,230 shares during the quarter. Continuum Advisory LLC’s holdings in Baker Hughes were worth $73,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BKR. Nykredit A S bought a new position in shares of Baker Hughes in the second quarter worth about $23,212,000. B. Metzler seel. Sohn & Co. AG grew its stake in shares of Baker Hughes by 22.5% during the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 232,646 shares of the company’s stock valued at $12,912,000 after acquiring an additional 42,723 shares during the period. Tsfg LLC increased its holdings in Baker Hughes by 96.6% in the 2nd quarter. Tsfg LLC now owns 2,919 shares of the company’s stock worth $162,000 after acquiring an additional 1,434 shares in the last quarter. Aubrey Capital Management Ltd purchased a new stake in Baker Hughes in the 2nd quarter worth approximately $2,735,000. Finally, Proficio Capital Partners LLC bought a new stake in Baker Hughes during the 2nd quarter worth approximately $226,000. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Baker Hughes In related news, CEO Lorenzo Simonelli sold 181,411 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $58.43, for a total value of $10,599,844.73. Following the sale, the chief executive officer owned 703,444 shares in the company, valued at approximately $41,102,232.92. The trade was a 20.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.19% of the company’s stock.

Baker Hughes Stock Performance Shares of Baker Hughes stock opened at $63.50 on Tuesday. Baker Hughes Company has a twelve month low of $43.92 and a twelve month high of $70.41. The company has a quick ratio of 1.76, a current ratio of 2.09 and a debt-to-equity ratio of 0.77. The business has a 50-day moving average price of $60.03 and a 200-day moving average price of $61.59. The firm has a market cap of $63.03 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 2.84 and a beta of 0.96. Baker Hughes (NASDAQ:BKR – Get Free Report) last posted its earnings results on Sunday, July 26th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.13. The company had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.54 billion. Baker Hughes had a return on equity of 13.85% and a net margin of 11.17%.The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 earnings per share. Equities research analysts anticipate that Baker Hughes Company will post 2.51 EPS for the current fiscal year.

Baker Hughes Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, August 7th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, August 7th. Baker Hughes’s dividend payout ratio is currently 29.68%.

Analysts Set New Price Targets A number of equities analysts have weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of Baker Hughes in a research report on Thursday, July 9th. Piper Sandler raised their price objective on shares of Baker Hughes from $71.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. UBS Group set a $51.00 target price on shares of Baker Hughes in a report on Tuesday, July 28th. Capital One Financial increased their price target on Baker Hughes from $66.00 to $71.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Finally, Citigroup boosted their price objective on Baker Hughes from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.67.

Get Our Latest Stock Report on BKR

About Baker Hughes (Free Report)

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.

Further Reading Five stocks we like better than Baker Hughes 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane Want to see what other hedge funds are holding BKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baker Hughes Company (NASDAQ:BKR – Free Report).

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Significant contract supports new well development and production enhancement across bp's UK North Sea operationsAdvanced modular stimulation solution designed to support efficient well completion, operational reliability and enhanced reservoir recovery HOUSTON and LONDON, Sept. 04, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Friday a significant award from bp to provide offshore stimulation services across the company’s UK North Sea operations. The award supports both new well development and enhanced recovery from mature fields.

Under the agreement, Baker Hughes will deploy a vessel-based stimulation solution featuring its proven StimFORCE™ modular stimulation package to support well completions and production enhancement activities. Supported by a UK operating base and an established local supply chain network, the solution is designed to enhance operational reliability, minimize non-productive time and optimize recovery. The dedicated vessel solution provides both schedule and operational flexibility, enabling stimulation activities to be executed efficiently.

"By combining our vessel-based stimulation expertise, advanced intervention technologies and production optimization capabilities, we are well positioned to help bp enhance reservoir performance, increase operational flexibility and unlock additional value from both new and mature fields across its North Sea portfolio,” said Baker Hughes Executive Vice President of Oilfield Services & Equipment Amerino Gatti.

Baker Hughes has a long-standing presence in the UK, helping offshore operators optimize reservoir performance across the well lifecycle through advanced drilling, completions and intervention technologies.

About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

For more information, please contact:

Media Relations

Kirk Eggleston
+1 346.521.8438
[email protected]

Investor Relations

Chase Mulvehill
+1 346-297-2561
[email protected]
   

A month has gone by since the last earnings report for Baker Hughes (BKR - Free Report) . Shares have added about 2.3% in that time frame, underperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Baker Hughes due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.

Baker Hughes Q2 Earnings & Revenues Beat EstimatesBaker Hughes Company reported second-quarter 2026 adjusted earnings of 64 cents per share, up 2% year over year. The figure beat the Zacks Consensus Estimate of 51 cents by 25.5%.

Revenues of $6.74 billion surpassed the consensus mark of $6.49 billion by 3.9%. However, the figure declined 2% from the year-ago quarter.

Better-than-expected quarterly results reflected strong OFSE execution, firm IET profitability and record order momentum.

Orders & Backlog Remaining performance obligations, a measure of contracted future work, reached $40.06 billion, up 18% year over year. The increase reflected a record Industrial & Energy Technology (“IET”) backlog, which rose to $37.09 billion and an increased Oilfield Services & Equipment (“OFSE”) backlog, up 10% year over year.

Orders across all business segments totaled $10.5 billion, up 49% from $7.03 billion recorded a year ago, driven by record order intake from the IET business segment. Notably, IET orders nearly doubled from the prior-year period, supported by continued momentum in Gas Technology Equipment and Gas Technology Services.

The company posted a total book-to-bill ratio of 1.6, indicating that orders exceeded current-quarter revenues.

Baker Hughes' IET Momentum StrengthensIndustrial & Energy Technology revenues were $3.29 billion, flat year over year. Lower Gas Technology Equipment and Industrial Solutions revenues, including the effect of the PSI disposition, affected segment results in the quarter, offset by growth across the other product lines.

Segment EBITDA increased 16% from the year-ago quarter to $678 million. The EBITDA margin expanded 280 basis points to 20.6%, driven by pricing, productivity, cost-out initiatives and favorable foreign exchange movements. The positives were partly offset by lower volume and inflation.

BKR's OFSE Execution Tops GuidanceOilfield Services & Equipment revenues fell 5% year over year to $3.45 billion, mainly due to the SPC divestment and Middle East disruptions. North America revenues increased 1%, while International revenues declined 6% year over year.

OFSE EBITDA declined 11% to $605 million, while the margin contracted 120 basis points to 17.5%. Sequentially, however, revenues and EBITDA each rose 7%, driven by higher volume, pricing, cost actions and foreign exchange.

Baker Hughes Expands Margins and Cash FlowAdjusted EBITDA increased 2% year over year to $1.23 billion. The adjusted EBITDA margin improved 70 basis points to 18.3%, with company-wide results exceeding the midpoint of management's guidance.

Operating cash flow was $1.35 billion compared with $510 million in the corresponding period of 2025. Free cash flow in the second quarter totaled $1.11 billion compared with $239 million a year earlier. Net capital expenditures were $236 million, including $135 million for OFSE and $85 million for IET.

BKR's Balance Sheet Reflects Chart FundingBKR ended June with cash and cash equivalents of $15.73 billion. Long-term debt stood at $15.48 billion at the end of the second quarter, reflecting the financing associated with the all-cash Chart Industries acquisition.

The company paid $228 million in dividends during the second quarter and made no share repurchases. Management remains focused on deleveraging after the Chart closing and targets net debt to adjusted EBITDA of 1x-1.5x within 24 months.

Baker Hughes Broadens Its Industrial PortfolioThe company completed the Chart acquisition, adding thermal management, air and gas handling, compression and lifecycle-service capabilities. Baker Hughes expects Chart to become a third reporting segment beginning in the third quarter of 2026.

Management expects run-rate cost synergies of $95 million in year one, $230 million in year two and $325 million in year three. The integration plan also targets commercial benefits from a larger installed base, expanded aftermarket reach and broader digital penetration.

2026 ExpectationsFor the third quarter of 2026, Baker Hughes expects revenues of $6.57-$7.17 billion and adjusted EBITDA of $1.12-$1.30 billion. OFSE revenues are projected at $3.40-$3.70 billion, while IET revenues are forecast at $3.17-$3.47 billion.

For 2026, the company now expects revenues of $26.65-$28.05 billion and adjusted EBITDA of $4.6-$5.1 billion. IET order guidance was raised to $17.5-$19.5 billion, and the Horizon 2 IET order target increased to more than $45 billion for 2026-2028.

The outlook excludes guidance for the Chart segment. It assumes that Middle East activity remains broadly consistent through year-end and that logistics inflation and supply-chain challenges remain in line with recent trends.

How Have Estimates Been Moving Since Then?It turns out, estimates review have trended upward during the past month.

The consensus estimate has shifted 17.06% due to these changes.

VGM ScoresCurrently, Baker Hughes has a nice Growth Score of B, though it is lagging a bit on the Momentum Score front with a C. Following the exact same course, the stock has a grade of C on the value side, putting it in the middle 20% for this investment strategy.

Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Baker Hughes has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerBaker Hughes belongs to the Zacks Oil and Gas - Field Services industry. Another stock from the same industry, Halliburton (HAL - Free Report) , has gained 7.8% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.

Halliburton reported revenues of $5.71 billion in the last reported quarter, representing a year-over-year change of +3.7%. EPS of $0.55 for the same period compares with $0.55 a year ago.

For the current quarter, Halliburton is expected to post earnings of $0.58 per share, indicating no change from the year-ago quarter. The Zacks Consensus Estimate has changed -0.5% over the last 30 days.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Halliburton. Also, the stock has a VGM Score of D.

Baker Hughes reports that the U.S. rig count is down 5 from last week to 588 with oil rigs down 3 to 452, gas rigs down 1 to 127 and miscellaneous rigs down 1 to 9. The U.S. Rig Count is up 50 rigs from last year's count of 538 with oil rigs up 41, gas rigs up 5 and miscellaneous rigs up 4. The U.S. Offshore Rig Count is down 2 to 10, down 3 year-over-year. The Canada Rig Count is down 3 from last week to 216 with oil rigs down 3 to 148, gas rigs unchanged at 65 and miscellaneous rigs unchanged at 3. The Canada Rig Count is up 36 from last year's count of 180 with oil rigs up 25, gas rigs up 9 and miscellaneous rigs up 2.

Key Takeaways Baker Hughes adds thermal, compression, carbon-capture and lifecycle-service capabilities through Chart.BKR targets $325 million in annual run-rate cost synergies by year three across nearly 300 initiatives.Baker Hughes' long-term debt rose to $15.48 billion, raising the stakes for integration and deleveraging. Baker Hughes Company (BKR - Free Report) completed its all-cash acquisition of Chart Industries in July 2026, adding a broader industrial technology platform and creating a third reporting segment. The deal expands Baker Hughes beyond traditional oilfield markets and increases its exposure to energy infrastructure and industrial applications.

The strategic case centers on a larger installed base, more recurring lifecycle revenues and sizable cost savings. The trade-off is higher leverage and a demanding integration program that must deliver on schedule.

BKR Adds a Broader Industrial Technology PlatformChart adds thermal management, air and gas handling, compression, carbon-capture and lifecycle-service capabilities. These technologies strengthen Baker Hughes’ position in gas infrastructure, industrial markets, data centers, geothermal and carbon capture.

The acquisition also broadens the company’s competitive frame. SLB (SLB - Free Report) is expanding digital, production and data-center infrastructure capabilities, while NVIDIA Corporation (NVDA - Free Report) is developing AI-factory systems that require coordinated power, cooling and control infrastructure. Chart gives Baker Hughes a wider set of tools for serving those converging markets.

Baker Hughes Targets Meaningful Cost SynergiesManagement expects annual run-rate cost synergies of $95 million in year one, $230 million in year two and $325 million in year three. The largest opportunities are expected from selling, general and administrative optimization, supply-chain efficiencies and facility optimization.

Execution will depend on eliminating duplicative costs, consolidating support functions and systems, capturing purchasing-scale benefits and improving manufacturing utilization. Baker Hughes has identified nearly 300 initiatives across procurement, corporate costs, systems, operations and footprint optimization.

BKR Sees New Aftermarket and Digital OpportunitiesThe combined installed base could expand aftermarket services, digital penetration and recurring lifecycle revenues. Baker Hughes plans to use its global service network to increase Chart’s aftermarket coverage and introduce iCenter, Cordant and Uptime solutions across the acquired base.

Cross-selling may add commercial upside beyond the stated cost targets. The company sees opportunities to combine its power-generation and liquefaction capabilities with Chart’s thermal management, cryogenic storage, gas handling and carbon-capture technologies.

Image Source: Baker Hughes Company

Baker Hughes Takes on Higher Financial RiskThe transaction materially increased balance-sheet risk. Baker Hughes issued $9.9 billion of long-term debt during the first half of 2026, and long-term debt reached $15.48 billion at June 30, compared with $5.40 billion at the end of 2025.

Management is prioritizing deleveraging and targets net debt to adjusted EBITDA of 1.0-1.5 times within 24 months of closing. Near-term capital returns may remain constrained as the company builds cash balances, reduces leverage and integrates Chart.

BKR’s Integration Timeline Becomes the Key TestThe acquisition is being managed through 18 integration workstreams. During the first 90 days, Baker Hughes is focusing on customer continuity, employee retention, operating performance and early synergy actions. The next phase emphasizes operating-model alignment, commercial integration and pilot customer solutions.

Chart will become Baker Hughes’ third reporting segment beginning in the third quarter of 2026. Delays in procurement savings, systems integration or aftermarket expansion could slow synergy capture, weaken financial flexibility and postpone a return to more substantial share repurchases.

Baker Hughes Signals Reward Execution DisciplineThe Chart deal gives Baker Hughes a broader growth platform, but the investment case now depends more heavily on integration discipline and debt reduction. Successful execution could improve the durability of earnings and cash flow, while delays would magnify the financial risk created by the all-cash transaction.

BKR currently carries a Zacks Rank #3 (Hold). Its Growth Score of B and Momentum Score of A point to favorable growth and price-trend characteristics, while its Value Score of C is more neutral. The VGM Score of B reflects a constructive overall style profile, but the Zacks Rank suggests a balanced near-term outlook rather than a clear directional signal. 

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Posted by Defense World Staff on Jul 29th, 2026

Amundi boosted its stake in Baker Hughes Company (NASDAQ:BKR – Free Report) by 28.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,946,464 shares of the company’s stock after purchasing an additional 2,409,978 shares during the period. Amundi owned approximately 1.10% of Baker Hughes worth $668,282,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC grew its position in Baker Hughes by 0.6% in the first quarter. Bleakley Financial Group LLC now owns 25,485 shares of the company’s stock valued at $1,556,000 after acquiring an additional 163 shares in the last quarter. Resolute Wealth Strategies LLC lifted its holdings in Baker Hughes by 2.7% in the 1st quarter. Resolute Wealth Strategies LLC now owns 6,597 shares of the company’s stock worth $403,000 after buying an additional 172 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its position in Baker Hughes by 10.5% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company’s stock valued at $86,000 after buying an additional 179 shares during the last quarter. Krilogy Financial LLC boosted its position in Baker Hughes by 3.2% in the 4th quarter. Krilogy Financial LLC now owns 5,722 shares of the company’s stock valued at $261,000 after buying an additional 180 shares during the last quarter. Finally, 3Chopt Investment Partners LLC grew its stake in shares of Baker Hughes by 0.5% during the fourth quarter. 3Chopt Investment Partners LLC now owns 42,679 shares of the company’s stock valued at $1,944,000 after acquiring an additional 203 shares in the last quarter. 92.06% of the stock is owned by hedge funds and other institutional investors.

Baker Hughes News Roundup Here are the key news stories impacting Baker Hughes this week:

Positive Sentiment: Second-quarter results exceeded expectations. Baker Hughes reported adjusted EPS of $0.64 versus the $0.51 consensus and revenue of $6.74 billion, above estimates of $6.54 billion. Revenue increased 2.4% year over year, while strong cash flow and expanding margins supported the outlook. Baker Hughes earnings report Positive Sentiment: Energy Technology orders and backlog are key growth drivers. IET orders surged 49%, reaching a record level, and the company highlighted robust backlog growth and margin expansion. These trends are helping offset weaker near-term drilling activity. Baker Hughes Q2 earnings analysis Positive Sentiment: A major LNG contract strengthens the long-term story. Baker Hughes secured a comprehensive liquefaction-technology order from Venture Global for the CP2 LNG expansion in Louisiana. The award reinforces exposure to LNG infrastructure and rising power demand from artificial-intelligence data centers. Baker Hughes Venture Global LNG order Positive Sentiment: Analyst support improved. Susquehanna raised its price target from $70 to $72 and assigned a positive rating, while Piper Sandler maintained its Buy rating. A separate Wall Street Zen upgrade also adds to favorable sentiment. Neutral Sentiment: Third-quarter revenue guidance was broadly in line. Baker Hughes forecast revenue of approximately $6.9 billion, matching consensus, offering limited incremental upside from guidance alone. The company also declared a quarterly dividend of $0.23 per share. Negative Sentiment: Management expects global oil-and-gas producer spending to decline modestly in 2026. Growth in Latin America, offshore Africa, and North American land activity is expected to be offset by reduced spending in Europe and the Middle East, creating a headwind for conventional oilfield services. Baker Hughes spending outlook Negative Sentiment: Valuation and positioning may be limiting gains. One analysis characterized BKR as fairly valued after its recent operational improvement and cautioned that Middle East tensions and AI-related power demand could reverse. Unusually heavy put-option buying also signals increased near-term hedging or bearish speculation. Baker Hughes Price Performance Shares of NASDAQ:BKR opened at $58.46 on Wednesday. Baker Hughes Company has a 12 month low of $41.96 and a 12 month high of $70.41. The stock has a market cap of $58.00 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 2.52 and a beta of 0.96. The stock’s 50 day moving average price is $59.75 and its 200 day moving average price is $60.12. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.13 and a quick ratio of 1.77.

Baker Hughes (NASDAQ:BKR – Get Free Report) last released its earnings results on Sunday, July 26th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.13. The firm had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.54 billion. Baker Hughes had a return on equity of 14.06% and a net margin of 11.17%.Baker Hughes’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.63 earnings per share. Equities research analysts anticipate that Baker Hughes Company will post 2.26 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, August 7th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, August 7th. Baker Hughes’s dividend payout ratio is 29.39%.

Analyst Ratings Changes A number of research analysts have recently issued reports on BKR shares. Wolfe Research initiated coverage on shares of Baker Hughes in a research report on Wednesday, July 8th. They issued an “outperform” rating and a $70.00 price target on the stock. Barclays lowered their price objective on shares of Baker Hughes from $74.00 to $72.00 and set an “equal weight” rating for the company in a research report on Thursday, July 16th. Wall Street Zen upgraded shares of Baker Hughes from a “hold” rating to a “buy” rating in a research note on Tuesday. Piper Sandler raised their target price on shares of Baker Hughes from $71.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Jefferies Financial Group restated a “buy” rating on shares of Baker Hughes in a research note on Thursday, July 9th. Seventeen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Baker Hughes has an average rating of “Moderate Buy” and an average price target of $69.95.

View Our Latest Research Report on Baker Hughes

Insider Activity at Baker Hughes In other news, CEO Lorenzo Simonelli sold 181,411 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $58.43, for a total value of $10,599,844.73. Following the completion of the sale, the chief executive officer owned 703,444 shares in the company, valued at $41,102,232.92. This represents a 20.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Rebecca L. Charlton sold 5,088 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $64.22, for a total value of $326,751.36. Following the completion of the sale, the chief accounting officer directly owned 15,997 shares of the company’s stock, valued at approximately $1,027,327.34. This trade represents a 24.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 367,910 shares of company stock valued at $22,420,797. 0.19% of the stock is owned by insiders.

Baker Hughes Profile (Free Report)

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.

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Key Takeaways BKR beat Q2 estimates as adjusted EPS rose 2% and revenues topped expectations despite a 2% decline.Record IET orders drove total orders up 49%, while backlog climbed 18% to $40.06 billion.Baker Hughes raised 2026 revenues, EBITDA and IET order guidance after completing the Chart acquisition. Baker Hughes Company (BKR - Free Report) reported second-quarter 2026 adjusted earnings of 64 cents per share, up 2% year over year. The figure beat the Zacks Consensus Estimate of 51 cents by 25.5%.

Revenues of $6.74 billion surpassed the consensus mark of $6.49 billion by 3.9%. However, the figure declined 2% from the year-ago quarter.

Better-than-expected quarterly results reflected strong OFSE execution, firm IET profitability and record order momentum.

BKR's Orders & Backlog SurgeRemaining performance obligations, a measure of contracted future work, reached $40.06 billion, up 18% year over year. The increase reflected a record Industrial & Energy Technology (“IET”) backlog, which rose to $37.09 billion and an increased Oilfield Services & Equipment (“OFSE”) backlog, up 10% year over year.

Orders across all business segments totaled $10.5 billion, up 49% from $7.03 billion recorded a year ago, driven by record order intake from the IET business segment. Notably, IET orders nearly doubled from the prior-year period, supported by continued momentum in Gas Technology Equipment and Gas Technology Services.

The company posted a total book-to-bill ratio of 1.6, indicating that orders exceeded current-quarter revenues.

Baker Hughes' IET Momentum StrengthensIndustrial & Energy Technology revenues were $3.29 billion, flat year over year. Lower Gas Technology Equipment and Industrial Solutions revenues, including the effect of the PSI disposition, affected segment results in the quarter, offset by growth across the other product lines.

Segment EBITDA increased 16% from the year-ago quarter to $678 million. The EBITDA margin expanded 280 basis points to 20.6%, driven by pricing, productivity, cost-out initiatives and favorable foreign exchange movements. The positives were partly offset by lower volume and inflation.

BKR's OFSE Execution Tops GuidanceOilfield Services & Equipment revenues fell 5% year over year to $3.45 billion, mainly due to the SPC divestment and Middle East disruptions. North America revenues increased 1%, while International revenues declined 6% year over year.

OFSE EBITDA declined 11% to $605 million, while the margin contracted 120 basis points to 17.5%. Sequentially, however, revenues and EBITDA each rose 7%, driven by higher volume, pricing, cost actions and foreign exchange.

Baker Hughes Expands Margins and Cash FlowAdjusted EBITDA increased 2% year over year to $1.23 billion. The adjusted EBITDA margin improved 70 basis points to 18.3%, with company-wide results exceeding the midpoint of management's guidance.

Operating cash flow was $1.35 billion compared with $510 million in the corresponding period of 2025. Free cash flow in the second quarter totaled $1.11 billion compared with $239 million a year earlier. Net capital expenditures were $236 million, including $135 million for OFSE and $85 million for IET.

BKR's Balance Sheet Reflects Chart FundingBKR ended June with cash and cash equivalents of $15.73 billion. Long-term debt stood at $15.48 billion at the end of the second quarter, reflecting the financing associated with the all-cash Chart Industries acquisition.

The company paid $228 million in dividends during the second quarter and made no share repurchases. Management remains focused on deleveraging after the Chart closing and targets net debt to adjusted EBITDA of 1x-1.5x within 24 months.

Baker Hughes Broadens Its Industrial PortfolioThe company completed the Chart acquisition, adding thermal management, air and gas handling, compression and lifecycle-service capabilities. Baker Hughes expects Chart to become a third reporting segment beginning in the third quarter of 2026.

Management expects run-rate cost synergies of $95 million in year one, $230 million in year two and $325 million in year three. The integration plan also targets commercial benefits from a larger installed base, expanded aftermarket reach and broader digital penetration.

BKR Raises Its 2026 ExpectationsFor the third quarter of 2026, Baker Hughes expects revenues of $6.57-$7.17 billion and adjusted EBITDA of $1.12-$1.30 billion. OFSE revenues are projected at $3.40-$3.70 billion, while IET revenues are forecast at $3.17-$3.47 billion.

For 2026, the company now expects revenues of $26.65-$28.05 billion and adjusted EBITDA of $4.6-$5.1 billion. IET order guidance was raised to $17.5-$19.5 billion, and the Horizon 2 IET order target increased to more than $45 billion for 2026-2028.

The outlook excludes guidance for the Chart segment. It assumes that Middle East activity remains broadly consistent through year-end and that logistics inflation and supply-chain challenges remain in line with recent trends.

BKR’s Zacks Rank & Key PicksBKR currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks from the energy sector are Par Pacific Holdings (PARR - Free Report) , Valero Energy (VLO - Free Report) and FuelCell Energy (FCEL - Free Report) . While Par Pacific sports a Zacks Rank #1 (Strong Buy), Valero Energy and FuelCell Energy carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks Rank #1 stocks here.

Par Pacific Holdings operates an integrated downstream energy business across the United States, with fuel retail operations in Hawaii, Washington and Idaho, refining operations in Hawaii, Wyoming, Washington and Montana, and a supporting logistics network. Its refineries have a combined crude oil throughput capacity of 219,000 barrels per day and produce gasoline, diesel, jet fuel, marine fuels, asphalt and other petroleum products.

Valero Energy is a leading refining player with a robust network of 14 refineries and a combined high-complexity throughput capacity of 3 million barrels per day, which distinguishes it from other independent refiners. Valero’s refineries have a combined Nelson Complexity Index of 11.5, which implies that they can process a wide variety of feedstocks, convert them into higher-value products and shift product yields according to market conditions.

FuelCell Energy is a clean energy company that offers scalable, reliable, low-carbon power solutions. It produces power using flexible fuel sources such as biogas, natural gas and hydrogen. The company’s proprietary molten carbonate fuel cell systems generate electricity through an electrochemical process instead of burning fuel, reducing carbon emissions and minimizing the environmental impact of power generation. FCEL is anticipated to play a crucial role in the energy transition by enabling industries and communities to shift from traditional fossil fuels to low-carbon alternatives.

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Baker Hughes BKR shares surged following the release of its Q2 adjusted earnings per share (EPS) of $0.64, surpassing the FactSet consensus of $0.58. The company also secured a significant LNG technology contract for Venture Global's CP2 expansion during the quarter. While revenue fell short at $6.74 billion compared to the anticipated $7.08 billion, investors are optimistic due to improved margins, a favorable business mix, strong order activity, a record backlog, and healthy cash flow, indicating a shift towards higher-quality Industrial & Energy Technology earnings. Management acknowledged challenges in the upstream market but remains focused on growth.

Backlog Quality: The CP2 award bolsters BKR's position in one of the largest LNG projects globally, enhancing long-term revenue visibility. Management projects IET orders of $13.5-$15.5 billion by 2026, driven by LNG, gas infrastructure, FPSO activity, and power systems. The record IET backlog of $37.1 billion offers more earnings visibility compared to the cyclical oilfield services sector. Margin Focus: BKR is prioritizing profitability, aiming for $2.7 billion of IET EBITDA in 2026 to achieve a 20% margin. The company also targets a 20% adjusted EBITDA margin by 2028, supported by a favorable project mix, service growth, productivity initiatives, and benefits from the Chart integration. Cash Flow and Balance Sheet: In Q2, operating cash flow reached $1.35 billion, with free cash flow at $1.11 billion. The net debt-to-EBITDA ratio stands at just 0.1x, providing financial flexibility for integration, capital allocation, and strategic growth. Power Systems Demand: BKR noted a $3 billion opportunity related to data centers from 2025 to 2027, driven by increasing demand for gas-fired power generation. The company plans to double NovaLT capacity by the first half of 2027, with current production committed through 2028. OFSE Outlook: The Oilfield Services & Equipment (OFSE) sector is expected to see a slight year-over-year decline in 2026, with organic margins remaining flat. Growth in SSPS, cost management, and resilience to pricing pressures will be crucial. Over time, OFSE is projected to contribute less to earnings as IET becomes the primary growth driver. The key takeaway from this quarter is that BKR is transitioning from a traditional oilfield services company to a higher-margin industrial technology firm with enhanced earnings visibility. Investors are encouraged by the record IET backlog, significant LNG contract, strong free cash flow, and multi-year margin targets, all pointing to improved earnings quality despite subdued upstream spending. The main challenge lies in executing the record backlog while managing OFSE headwinds, tariffs, supply chain issues, project timelines, and the integration of Chart. The future success of BKR will depend on its ability to convert this growing backlog into profitable revenue while demonstrating that IET can offset cyclical weaknesses in OFSE and achieve the projected margin expansion by 2028.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Baker Hughes Company remains a Hold, as its current valuation closely matches a conservative fair value despite strong operational performance. BKR's recent Chart Industries acquisition and asset sales support targeted deleveraging to 1.0x–1.5x net debt/EBITDA within 24 months. Near-term boosts from Middle East tensions and AI-driven power demand could reverse, introducing volatility and potential headwinds.

Baker Hughes stock is one of the top-performing stocks in the S&P 500 on Monday as second-quarter earnings show the oilfield services company is successfully navigating the situation in the Middle East.