Good day, ladies and gentlemen, and welcome to the Baker Hughes Company Second Quarter 2021 Earnings Call. December 31, 2020. Revenue of $5.5 billion for the quarter, up 9% sequentially and down 13% year-over-year. Baker Hughes (BKR) delivered earnings and revenue surprises of -27.27% and -4.69%, respectively, for the quarter ended September 2021. Baker Hughes has 55,000 employees across 203 locations and $20.71 B in annual revenue in FY 2020. Nevertheless, the company booked several new orders as higher oil prices signaled a continued recovery in activity. Another reason for the decline in North American revenue is that Baker Hughes' North American business is much more tied to offshore . Baker Hughes Company Class A Common Stock (BKR) Revenue EPS : Back to BKR Overview ©2021, EDGAR®Online, a division of Donnelley Financial Solutions. Returns as of 12/28/2021. Baker Hughes (NYSE:BKR) EVP Maria C. Borras sold 12,274 shares of the company's stock in a transaction on Friday, December 10th. The 22nd edition of our annual thought leadership forum. Drag Reducing Agent Market Size 2021 Share, Demand, Revenue, Future Development, Expected Growth Factors and Forecast to 2026 |Major companies : LiquidPower Specialty Products, Flowchem, GE(Baker . Analysts had expected Baker Hughes to surpass the second quarter, estimating on average that revenue would be $5.32 billion for July through September, according to Yahoo Finance. Baker Hughes 2019 annual EBITDA was $2.492B, a 13.95% increase from 2018. Baker Hughes posted its first profit this year during the third quarter as drilling activity and oil prices continued to rebound from . Baker Hughes also posted a decline in its earnings for the full year. Sequential. Good day, ladies and gentlemen, and welcome to the Baker Hughes Company First Quarter 2021 Earnings Call. 8 on the Houston Business Journal's Largest Public Companies List. Baker Hughes' net capital expenditure for the third quarter totaled $111 million. During the third quarter, Baker Hughes announced a $2 billion share repurchase authorization in July 2021, representing the optimistic view of the Company's future as well as its strong balance sheet and robust cash profile. 's revenue in 2022 is $20,512,000,000.. On average, 6 Wall Street analysts forecast BKR's revenue for 2022 to be $22,946,310,593,409, with the lowest . Additionally, "U" is used in most instances when variance is below (100)%. The company posted a $9.9 billion loss in 2020 compared to an income of . Based on its 2020 revenue of $20.7 billion, Baker Hughes was No. HOUSTON & LONDON, September 22, 2021--Baker Hughes (NYSE: BKR) will hold a webcast on Wednesday, October 20, 2021 to discuss the results for the third quarter ending September 30, 2021. Baker Hughes, which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $4.78 billion for the quarter ended March 2021, missing the Zacks Consensus Estimate by 0.31%. Published by N. Sönnichsen , Mar 3, 2021 Baker Hughes reported some 20.7 billion U.S. dollars of revenue in 2020. In depth view into Baker Hughes Revenue (Quarterly) including historical data from 1987, charts and stats. Baker Hughes annual/quarterly net income history and growth rate from 2006 to 2021. Revenue of $4.8 billion for the quarter, down 13% sequentially and down 12% year-over-year. Baker Hughes (NYSE: BKR) is scheduled to announce Q3 earnings results on Wednesday, October 20th, before market open. Seaport Res Ptn analyst T. Curran now forecasts that the company will post earnings per share of $0.35 for the quarter, d . Orders of $5.1 billion for the quarter, up 12% sequentially and up 4% year-over-year. Taking a look at stock we notice that its last check on previous day was $23.92 and 5Y monthly beta was reading 1.64 with its price kept floatin Prepared Remarks. Earnings Release. Baker Hughes revenue for the twelve months ending September 30, 2021 was $20.512B, a 4.85% decline year-over-year. Baker Hughes gross profit for the twelve months ending September 30, 2021 was $3.853B, a 10.62% increase year-over-year. Baker Hughes (NYSE:BKR) - Investment analysts at Seaport Res Ptn dropped their Q4 2021 EPS estimates for shares of Baker Hughes in a report released on Tuesday, December 28th. 311.2 KB. . Baker Hughes Company Announces Second Quarter 2021 Results July 21, 2021 at 7:00 AM EDT PDF Version 580.8 KB Orders of $5.1 billion for the quarter, up 12% sequentially and up 4% year-over-year. Later we will conduct a. The company's revenue totaled $23.8 billion in 2019. It brought together energy leaders from around the globe, sharing their candid views on the tough issues we face today—and how we can move energy forward, together. ET comments Understanding current and past Baker Hughes Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. Baker Hughes posted its first profit this year during the third quarter as drilling activity and oil prices continued to rebound from . See insights on Baker Hughes including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Baker Hughes reported a net loss of USD68 million in the second quarter of 2021 on a revenue of USD5.1 billion due to higher restructuring charges from the previous quarter. Q1. Revenue for Baker Hughes (BKR) Revenue in 2021 (TTM): $20.51 B According to Baker Hughes 's latest financial reports the company's current revenue (TTM) is $20.51 B.In 2020 the company made a revenue of $20.70 B a decrease over the years 2019 revenue that were of $23.83 B.The revenue is the total amount of income that a company generates by the sale of goods or services. Apply for Revenue Analyst (EU region) job with Baker Hughes in Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia. Baker Hughes revenue for the quarter ending September 30, 2021 was $5.093B, a 0.87% increase year-over-year. Press Releases . The company provides the oil and gas industry with products and services for oil drilling, formation evaluation, completion, production and reservoir consulting.Baker Hughes is organized in Delaware and headquartered in Houston. The consensus EPS estimate is $0.68 (compared. "F" is used in most . [Operator Instructions] I would now like to introduce your host for today's conference . At this time, all participants are in a listen-only mode. . Revenue of $5.5 billion for the quarter, up 9% sequentially and down 13% year-over-year. Baker Hughes's main competitors include Schlumberger, Halliburton, TechnipFMC, NOV, Borets, Elliott Group and Nabors. The company provides the oil and gas industry with products and services for oil drilling, formation evaluation, completion, production and reservoir consulting.Baker Hughes is organized in Delaware and headquartered in Houston. Christmas Tree System Market Companies and Competitive Landscape Market Players: Baker Hughes, MSP/DRILEX, ITAG - 2022 - 2027 Published: Dec. 29, 2021 at 11:29 p.m. ET Do the numbers hold clues to what lies ahead for the stock? Baker Hughes posts first profit in 2021 as oil prices rise. Baker Hughes (BKR) delivered earnings and revenue surprises of -143.75% and 0.57%, respectively, for the quarter ended December 2020. LONDON & HOUSTON, July 21, 2021 -- ( BUSINESS WIRE )--Baker Hughes Company (NYSE: BKR) ("Baker Hughes" or the "Company") announced results today for the second quarter of 2021. . Baker Hughes announces its results for the first quarter 2021. . Baker Hughes posts a net loss even as new orders increase. September 30, 2021: 5.093B June 30, 2021: 5.142B March 31, 2021: 4.782B December 31, 2020: 5.495B September 30, 2020 . Form 10Q Baker Hughes Holdings LLC. 8 on the Houston Business Journal's Largest Public Companies List. Based on its 2020 revenue of $20.7 billion, Baker Hughes was No. Good day, ladies and gentlemen, and welcome to the Baker Hughes Company Third Quarter 2021 Earnings Call. Baker Hughes. Browse and apply for Finance jobs at Baker Hughes Additionally,. Compare Baker Hughes to its competitors by revenue, employee growth and other metrics at Craft. Baker Hughes reported a net loss of USD68 million in the second quarter of 2021 on a revenue of USD5.1 billion due to higher restructuring charges from the previous quarter. Baker Hughes Company BKR is set to report fourth-quarter 2021 results on Jan 20, before the opening bell. Based on management's projections, Baker Hughes analysts model for earnings of $0.11 per share on sales of $4.80 billion. View all Motley Fool Services. The . Orders of $5.4 billion for the quarter, up 6% sequentially and up 5% year-over-year. Compare . Baker Hughes posts first profit in 2021 as oil prices rise. See insights on Baker Hughes including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. 2021 . Baker Hughes Posts Revenue of $5.1b for 2nd Qtr. I would now like to introduce your host for today's conference . Paul Takahashi , Staff writer. Baker Hughes reported its third quarter earnings saw a 1% drop in its revenue from the second quarter which totaled $5.1 billion even though it also had a 6% increase in orders for the quarter. "F" is used in most instances when variance is above 100%. October 20, 2021. Baker Hughes Company Announces First Quarter 2021 Results April 21, 2021 at 6:30 AM EDT PDF Version Orders of $4.5 billion for the quarter, down 12% sequentially and down 18% year-over-year. by oilandgaspress . Revenue and Earnings Per Share (EPS) are . All of Baker Hughes' financial statements are interrelated, with each one affecting the others. And a competitive segment with basic company introductions and growth rates . Baker Hughes (BKR) delivered earnings and revenue surprises of -41.18% and 4.36%, respectively, for the quarter ended June 2021. 2021. Baker Hughes operating income for the twelve months ending September 30, 2021 was $918M, a 105.8% decline year-over-year. . As the COVID-19 pandemic and oil price volatility unfolded in 2020, we moved quickly to mitigate the impact of these events through a series of financial, operational, and safety actions, guided by our strategy and core values. 2021, the content of . Good day, ladies and gentlemen, and welcome to the Baker Hughes Company Third Quarter 2021 Earnings Call. Nevertheless, the company booked several new orders as higher oil prices signaled a continued recovery in activity. Baker Hughes has 55,000 employees across 203 locations and $20.71 B in annual revenue in FY 2020. Baker Hughes, which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $5.14 billion for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 4.36%. In the last reported quarter, the oilfield service provider reported earnings of 16 cents . Annual Meeting 2021. The shares were sold at an average price of $25.22, for a total transaction of $309,550.28. The consensus EPS Estimate is $0.21 (+425.0% Y/Y) and the consensus Revenue. March 31, 2020. * baker hughes says for total year 2021, expect free cash conversion from adjusted ebitda to exceed 50% : conf call * BAKER HUGHES EXPECTS SEQUENTIAL REVENUE GROWTH FOR OFS IN Q4 IN THE MID-SINGLE . The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Baker Hughes Company Announces Fourth Quarter and Total Year 2020 Results. Baker Hughes annual operating income for 2020 was $-15.978B, a 1587.71% decline from 2019. 2021 Largest Houston-based public companies Baker Hughes Company (NASDAQ:BKR) at last check was buoying at $24.36 on Thursday, December 23 with a rise of 1.84% from its closing price on previous day. 's revenue in 2022 is $20,512,000,000.. On average, 6 Wall Street analysts forecast BKR's revenue for 2022 to be $22,946,310,593,409, with the lowest . July 21, 2021 . Oilfield Services $ Supplemental Financial Information. 390 KB. Thank you for making Annual Meeting 2021 a huge success! Baker Hughes Q4 2021 Earnings Preview Baker Hughes (NASDAQ: BKR) is scheduled to announce Q4 earnings results on Thursday, Jan. 20, before market open. [Operator Instructions]. 2020 was an incredibly challenging year for Baker Hughes and the entire global community. Baker Hughes Company Announces Third Quarter 2021 Results. Baker Hughes slides following weaker than expected Q3 earnings, revenues SA News Wed, Oct. 20, 2021 3 Comments Baker Hughes EPS misses by $0.05, misses on revenue Revenue of $5.1 billion for the quarter, down 1% sequentially and up 1% year-over-year. Earnings And Revenue. At this time, all participants are in a listen-only mode. Baker Hughes EBITDA for the twelve months ending September 30, 2021 was $2.057B, a 572.22% increase year-over-year. Oct. 20, 2021 Updated: Oct. 20, 2021 8:32 a.m. Baker Hughes CEO Lorenzo Simonelli said he expects demand . This 22 nd edition of Baker Hughes' annual thought leadership forum was the first to be held virtually. Consolidated segment revenue. GO TO AGENDA >>. Revenue of $5.1 billion for the quarter, up 8% sequentially and up 9% year-over-year. Baker Hughes Company Announces Third Quarter 2021 Results October 20, 2021 at 7:00 AM EDT PDF Version429.8 KB Orders of $5.4 billionfor the quarter, up 6% sequentially and up 5% year-over-year. 2021 Largest Houston-based public companies Baker Hughes net income for the quarter ending September 30, 2021 was $0.008B, a 104.71% decline year-over-year. Of individual providers. As of Sep 30, 2021, the company had cash and cash equivalents of $3,926 million. Global Demulsifier Market Outlook & Forecast Report 2021-2026 Featuring Prominent Vendors - BASF, Baker Hughes, Evonik Industries, Clariant, DOW Chemical Company - ResearchAndMarkets.com Baker Hughes Company is an American international industrial service company and one of the world's largest oil field services companies. As of Jun 30, 2021, the company had cash and cash equivalents of $3,913 million, down from $4,382 million in . Baker Hughes reported revenue of $5.50 billion for the quarter ended Dec. 31, beating estimates of $5.42 billion, according to Refinitiv IBES. HOUSTON & LONDON, November 23, 2021--(BUSINESS WIRE)--Baker Hughes (NYSE: BKR) will hold a webcast on Thursday, January 20, 2022 to discuss the results for the fourth quarter and full year ending . 591 KB. Baker Hughes misses profit and revenue forecasts as Hurricane Ida, inflation and supply constraints weighed Tomi Kilgore 10/20/2021 A Latino family sues a California medical center for negligence . Company leadership blamed slower growth on COVID-19. Do the numbers hold clues to what lies ahead for the stock? Baker Hughes stock jumps after adjusted profit misses but revenue beats Published: July 21, 2021 at 7:17 a.m. Do the numbers hold clues to what lies ahead for the stock? Baker Hughes 2018 annual EBITDA was $2.187B, a 167.03% increase from 2017. 1-2 February, 2021. Revenue of $5.1 billionfor the quarter, down 1% sequentially and up 1% year-over-year. GE had acqu This was a slight decrease compared to the previous year, at 23.8 billion U.S.. Baker Hughes' net capital expenditure for the second quarter totaled $121 million. March 31, 2021. Baker Hughes 2020 annual EBITDA was $0.112B, a 95.51% decline from 2019. LONDON & HOUSTON, July 21, 2021 -- ( BUSINESS WIRE )--Baker Hughes Company (NYSE: BKR) ("Baker Hughes" or the "Company") announced results today for the second quarter of 2021. . Net income can be defined as company's net profit or loss after all revenues, income items, and expenses have been accounted for. Revenue of $5.1 billion for the quarter, up 8% sequentially and up 9% year-over-year. Baker Hughes annual operating income for 2019 was $1.074B, a 53.21% increase from 2018. In the same quarter last year, Baker Hughes posted . While revenue and profit in the reported quarter were higher compared with the third, they were still below numbers posted a year earlier, when drilling activity was much higher. Baker Hughes revenue growth still slowed by COVID. Baker Hughes Company Announces Fourth Quarter and Total Year 2020 Results January 21, 2021 at 7:00 AM EST PDF Version Orders of $5.2 billion for the quarter, up 2% sequentially and down 25% year-over-year. Nevertheless, the company booked several new orders as higher oil prices signaled a continued re Baker Hughes. Baker Hughes Company (NYSE: BKR) ("Baker Hughes" or the "Company") announced results today for the third quarter of 2021. Year-over-year. bringing together energy leaders from around the globe is going virtual. Baker Hughes reported a net profit of USD8 million in the third quarter of 2021 on a revenue of USD5.1 billion despite being affected by the after-effects of Hurricane Ida and global supply chain issues. Baker Hughes Posts Revenue of $5.1b for 2nd Qtr. Baker Hughes annual gross profit for 2020 was $3.199B, a 27.82% decline from 2019. Baker Hughes posts first profit in 2021 as oil prices rise. "F" is used in most instances when variance is above 100%. Baker Hughes Company is an American international industrial service company and one of the world's largest oil field services companies. GAAP operating income of $378 million for the quarter, up 95% sequentially and favorable year-over-year. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Form 10Q Baker Hughes Company. For example, an increase in Baker Hughes' assets may result in an increase in income on the income statement. Baker Hughes rejoins the Fortune 500 as a free-standing company after General Electric divested much of its ownership stake in the business in 2019. Baker Hughes annual gross profit for 2019 was $4.432B, a 11.19% increase from 2018. Global "Sand Control Solutions Market" 2021 on sales, trends, outlook, current and future market overview and detailed search, value chain optimization, trade regulation, regional and national levels, industry size, current trends, opportunity analysis, industry profile Provide information. , subsidiaries and more at Craft more at Craft said he expects demand Announces. And growth rates posted its first profit this year during the third quarter Results. 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