Baker Hughes (NASDAQ:BKR) Releases Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Baker Hughes (NASDAQ:BKR) announced its earnings results on Sunday. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.13, FiscalAI reports. The firm had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.54 billion. Baker Hughes had a net margin of 11.17% and a return on equity of 14.17%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 EPS.

Baker Hughes Price Performance

Shares of NASDAQ BKR opened at $60.59 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.77 and a current ratio of 2.13. The company has a 50 day simple moving average of $59.89 and a two-hundred day simple moving average of $60.05. Baker Hughes has a fifty-two week low of $41.96 and a fifty-two week high of $70.41. The company has a market capitalization of $60.11 billion, a price-to-earnings ratio of 19.36, a P/E/G ratio of 2.38 and a beta of 0.96.

Baker Hughes Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, August 7th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.5%. Baker Hughes’s dividend payout ratio (DPR) is currently 29.39%.

Insider Activity at Baker Hughes

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

Institutional Trading of Baker Hughes

Institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. grew its holdings in shares of Baker Hughes by 8.4% during the fourth quarter. Invesco Ltd. now owns 12,698,549 shares of the company’s stock valued at $578,292,000 after buying an additional 982,179 shares during the last quarter. Corient Private Wealth LLC boosted its stake in Baker Hughes by 17.4% during the 4th quarter. Corient Private Wealth LLC now owns 103,793 shares of the company’s stock valued at $4,610,000 after purchasing an additional 15,394 shares during the last quarter. Alberta Investment Management Corp purchased a new stake in Baker Hughes during the 4th quarter valued at $3,935,000. Raymond James Financial Inc. increased its holdings in shares of Baker Hughes by 1.4% in the 4th quarter. Raymond James Financial Inc. now owns 3,473,399 shares of the company’s stock worth $159,431,000 after purchasing an additional 47,605 shares in the last quarter. Finally, Beacon Pointe Advisors LLC raised its stake in shares of Baker Hughes by 13.5% in the fourth quarter. Beacon Pointe Advisors LLC now owns 5,383 shares of the company’s stock worth $245,000 after purchasing an additional 640 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BKR shares. Zacks Research raised shares of Baker Hughes from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Capital One Financial upped their target price on Baker Hughes from $66.00 to $71.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Weiss Ratings downgraded Baker Hughes from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, July 13th. BMO Capital Markets increased their target price on Baker Hughes from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday, April 27th. Finally, Barclays lowered their target price on Baker Hughes from $74.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, July 16th. Eighteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.00.

More Baker Hughes News

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

• Positive Sentiment: Baker Hughes reported second-quarter adjusted EPS of $0.64, exceeding the $0.51 consensus estimate, while revenue of $6.74 billion also topped expectations. Revenue increased 2.4% year over year, helping reinforce confidence in the company’s earnings momentum. Baker Hughes beats Q2 profit estimates
• Positive Sentiment: Orders reached $10.5 billion, including a record $7.1 billion in IET orders, while total remaining performance obligations rose to $40.1 billion. The backlog provides visibility into future revenue and supports the company’s stronger 2026 outlook. Baker Hughes Announces Second-Quarter 2026 Results
• Positive Sentiment: The company secured a major LNG technology order from Venture Global for the CP2 expansion in Louisiana. The contract strengthens Baker Hughes’ exposure to LNG infrastructure and rising power demand tied partly to data centers. Baker Hughes LNG technology order
• Positive Sentiment: Wall Street Zen upgraded BKR to “Buy,” adding to the favorable reaction to the earnings beat and operational strength. The company also declared a quarterly dividend of $0.23 per share, payable August 17 to shareholders of record August 7. Baker Hughes upgraded to Buy
• Neutral Sentiment: Management expects third-quarter revenue of approximately $6.9 billion, broadly matching analyst expectations, suggesting stable near-term execution rather than a major forecast upgrade.
• Neutral Sentiment: Analysts remain constructive on Baker Hughes’ long-term LNG, industrial technology and AI-related power exposure, although some view the shares as fairly valued after their recent strength. Baker Hughes valuation analysis
• Negative Sentiment: Baker Hughes expects global oil-and-gas producer spending to decline modestly in 2026. Lower spending in Europe and the Middle East is expected to offset growth in Latin America, offshore Africa and North American land activity. Baker Hughes flags lower producer spending
• Negative Sentiment: Unusually heavy put-option activity indicates some traders are positioning for downside or hedging risk, while weaker drilling activity linked to Middle East disruptions remains a near-term headwind.

Baker Hughes Company Profile

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.