Baker Hughes CompanyNasdaq: BKR
Energy · Oil & Gas Equipment & Services
$69.27
-0.58%
Vol: 4.0M
Research Digest
Friday, May 1, 2026
Baker Hughes Q1 beats with $0.58 EPS (+17.5%) on record IET bookings; $1.45B Waygate divestiture.
Baker Hughes Q1 2026 revenue $6.59B (+2.5% YoY) and adjusted EPS $0.58, beating consensus by $0.09, with record Industrial & Energy Technology bookings offsetting Middle East supply disruptions. Agreed to divest Waygate Technologies unit to Swedish firm Hexagon for $1.45B cash. Stock rallied 4.7% on earnings and 13.49% over past 7 days, 45.06% YTD gain. Dividend increased to $0.23 per share. 17 of 18 analysts recommend Buy, with one Sell, yielding 12-month PT $65.8.
Previous Market Intelligence
13 daysApr 30Baker Hughes Q1 2026 EPS beat with 17.5% upside; Waygate Technologies sale to Hexagon for $1.45B announced.Positive▶
Baker Hughes reported Q1 2026 adjusted EPS of $0.58, beating consensus by 17.5%. Revenue of $6.59B grew 2.5% YoY with record IET segment orders of $4.9B (third quarter above $4B). Operating margin improved to 19.3% from 11.7%. Announced sale of Waygate Technologies to Hexagon for ~$1.45B in cash. Company closed JV with Cactus, sold Precision Sensors line to Crane, and HMH IPO completed. Board declared $0.23/share quarterly dividend. Stock at $66.91, new 52-week high, up 41.9% YTD. Consensus Buy with $65.8 PT.
Apr 16Baker Hughes to sell Waygate Technologies to Hexagon for $1.45 billionPositive▶
Baker Hughes announced strategic portfolio reshaping by divesting Waygate Technologies unit to Hexagon for $1.45 billion in an all-cash transaction expected to close in H2 2026. The company secured major equipment order from San Matias Pipeline for three gas compression units for Argentine natural gas pipeline. Stock has Strong Buy consensus with analysts.
Apr 15Baker Hughes announces $1.45 billion sale of Waygate Technologies to Hexagon; stock rises on portfolio streamline.Positive▶
Baker Hughes announced on April 13 that it is selling its Waygate Technologies business to Hexagon for approximately $1.45 billion in an all-cash transaction expected to close in H2 2026. Stock rose 1.61% in premarket trading on April 14. Q1 2026 earnings will be announced on April 23. Susquehanna raised price target from $65 to $70. Baker Hughes also won orders for NovaLT 16 gas turbines in Argentina.
Apr 14Baker Hughes agrees to sell Waygate Technologies to Hexagon for $1.45 billion, strengthening balance sheet.Positive▶
Baker Hughes announced on April 13 it will divest Waygate Technologies to Hexagon for $1.45 billion in all-cash. Transaction expected to close H2 2026 to reinforce balance sheet. Q1 2026 results due April 23. Backlog at $35.9 billion with over 90% in high-margin segments.
Apr 13Baker Hughes sells Waygate Technologies to Hexagon for $1.45 billion; Susquehanna raises price target to $70.Positive▶
Baker Hughes announced an agreement to divest its Waygate Technologies business to Hexagon for approximately $1.45 billion in all-cash, with closing expected in H2 2026. Baker Hughes also secured a NovaLT16 turbine order for Argentina's Vaca Muerta gas project. Susquehanna raised price target from $65 to $70, and Barclays maintained Buy. Earnings report scheduled for April 23.
Apr 10Baker Hughes wins Argentina gas turbine order while issuing $6.5B senior notes for Chart Industries acquisition funding.Positive▶
Baker Hughes announced April 7 a strategic order from San Matias Pipeline S.A. to supply three gas compression units for Argentina. Also received order from Twenty20 Energy for 10 Frame 5 gas turbines supporting 250 MW of U.S. data center power capacity. The company issued $6.5B of senior notes in March for proposed Chart Industries acquisition. Q1 earnings announcement April 23.
Apr 9Baker Hughes issues $9.5B debt to fund Chart Industries acquisition and announces Google Cloud AI partnership.Positive▶
Baker Hughes successfully issued $6.5B + €3B senior notes March 11 to fund Chart Industries deal. Company secured gas turbine orders from Argentina pipeline project supporting Vaca Muerta LNG transport. March 24 Google Cloud partnership focuses on AI-enabled data center power optimization and sustainability. Q1 records set with strong LNG leadership and Bechtel liquefaction award. Citi raised price target to $69 from $64 April 7. Stock at $63.10, up 3.0%, 80.5% YTD, 16 analysts rate "Buy".
Apr 8Argentina Gas Compression Order; Target RaisesPositive▶
Baker Hughes secured a major contract for gas compression units in Argentina, marking first NovaLT deployment in South America. Citi raised price target to $69 from $64; Susquehanna raised target to $70. BKR shares down 0.10% at $60.15. Next financial update April 23, 2026.
Apr 7Baker Hughes collaborates with Google Cloud on AI power optimization for data centers; ST LNG contract signedPositive▶
Baker Hughes partnered with Google Cloud March 24 to develop AI-enabled power optimization solutions for data centers. Signed contract with ST LNG for 8.4 MTPA offshore LNG export terminal near Matagorda, Texas targeting Q2 2030. 2026 guidance: $27.25B revenue, $4.85B adjusted EBITDA. UBS raised price target to $69 from $61 on April 2. Buy consensus with 28.1% YTD gain.
Apr 6Baker Hughes signs $6.5B bond offering and pursues Chart Industries acquisition; AI and LNG contracts surge.Positive▶
Baker Hughes delivered 28.1% year-to-date gain amid significant contract wins in AI and LNG sectors. Company signed strategic service agreement with Petrobras covering 64 aeroderivative gas turbines. Issued $6.5B senior unsecured notes across five USD and four euro tranches March 11, 2026, with proceeds partially funding proposed Chart Industries acquisition. Google Cloud partnership developing AI-enabled power optimization and sustainability solutions for data center sector. Q1 2026 results scheduled April 23, 2026. Fundamentals suggest company currently 30.8% undervalued. Analyst consensus Buy with average 12-month price target of $61.33 (high $70, low $44). 17 analysts recommend Buy vs 1 Sell.
Apr 3Baker Hughes issues $6.5B and €3B in senior debt for Chart Industries acquisition; UBS raises price target to $69.Positive▶
Baker Hughes completed debt issuance of $6.5 billion and €3 billion in senior unsecured notes to fund the proposed Chart Industries acquisition. UBS raised its price target to $69 from $61 while maintaining a Neutral rating. The stock sits near its 52-week high of $67 with 33% YTD return. Secured a major 60-month Petrobras service contract. Earnings expected April 23.
Apr 2Baker Hughes issues $9.5B debt for Chart Industries acquisition; Google Cloud AI partnershipPositive▶
Baker Hughes successfully issues $9.5B in debt to fund Chart Industries acquisition; reports strong Google Cloud AI partnership.
Apr 1Baker Hughes announces Q1 2026 earnings release for April 23; collaborates with Google Cloud on AI sustainability solutions.Positive▶
Baker Hughes will announce Q1 2026 earnings on April 23. The company announced strategic collaboration with Google Cloud for AI-enabled power optimization and sustainability solutions. Also announced collaboration for XGS's 150-MW geothermal project.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| SLBSLB | $57.00 | +0.20% | +14.3% | 17.0x | 0.69 | $85.1B |
| BKRBAKER | $69.27 | -0.58% | +14.8% | 25.0x | 0.90 | $69.1B |
| HALHALLIBURTON | $41.76 | -1.28% | +11.8% | 14.8x | 0.69 | $35.3B |
| XOMEXXON | $153.41 | -0.60% | -5.5% | 15.2x | 0.29 | $641.5B |
| CVXCHEVRON | $190.83 | -1.28% | -2.8% | 16.5x | 0.59 | $385.1B |
| COPCONOCOPHILLIPS | $123.50 | -1.81% | -4.5% | 14.8x | 0.19 | $153.3B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.