Baker Hughes (NASDAQ:BKR) Issues Earnings Results, Beats Expectations By $0.09 EPS

Baker Hughes (NASDAQ:BKR) issued its quarterly earnings data on Tuesday. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09, Zacks reports. The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same period in the previous year, the company posted $0.68 earnings per share. Baker Hughes’s revenue was up 14.5% on a year-over-year basis.

Baker Hughes Trading Up 5.3%

Shares of NASDAQ BKR opened at $59.00 on Wednesday. The company has a 50-day simple moving average of $58.68 and a 200-day simple moving average of $59.97. Baker Hughes has a 12 month low of $44.26 and a 12 month high of $70.41.

Baker Hughes Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Tuesday, November 10th will be issued a dividend of $0.23 per share. The ex-dividend date is Tuesday, November 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.6%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BKR shares. Wolfe Research initiated coverage on shares of Baker Hughes in a report on Wednesday, July 8th. They issued an “outperform” rating and a $70.00 price target on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $71.00 price objective on shares of Baker Hughes in a research note on Tuesday, September 29th. UBS Group cut their price objective on Baker Hughes from $72.00 to $69.00 and set a “neutral” rating for the company in a research report on Wednesday, September 30th. Piper Sandler upped their target price on Baker Hughes from $71.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Finally, TD Cowen lowered their target price on Baker Hughes from $78.00 to $76.00 and set a “buy” rating on the stock in a report on Tuesday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $72.10.

Key Stories Impacting Baker Hughes

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

• Positive Sentiment: Strong third-quarter results: Baker Hughes reported adjusted earnings of $0.70 per share, above the roughly $0.61–$0.63 consensus, while revenue increased 14.5% year over year to $8.03 billion, exceeding estimates of $7.75 billion. The company also delivered $10.8 billion in orders and $46.4 billion in remaining performance obligations, including record Industrial & Energy Technology RPO of $39.4 billion. Baker Hughes Announces Third-Quarter 2026 Results
• Positive Sentiment: AI infrastructure contract: A major U.S. technology company selected Baker Hughes’ power-generation and cooling solutions for approximately 1.1 gigawatts of high-density AI computing capacity. The order includes turbines, generators, gearboxes and Chart dry-cooling equipment, reinforcing demand from the rapidly expanding data-center market. AI Computing Solutions Contract
• Positive Sentiment: Subsea award from Eni: Baker Hughes won a significant contract to provide subsea production systems and services for Eni’s deepwater Cronos gas project offshore Cyprus. The award was booked during the third quarter, adding to visibility in the company’s energy technology backlog. Cronos Gas Development Award
• Neutral Sentiment: Dividend maintained: The board declared a quarterly dividend of $0.23 per share, or $0.92 annualized, representing an indicated yield of approximately 1.6%. The payout supports shareholder returns but was not presented as an increase. Baker Hughes Dividend Announcement
• Negative Sentiment: GAAP profit declined: Despite the adjusted earnings and revenue beats, reported third-quarter profit fell to $411 million, or $0.41 per share, from $609 million, or $0.61 per share, a year earlier. This decline could temper enthusiasm over the otherwise strong operating update. Baker Hughes Lower Q3 Profit

Baker Hughes Company Profile

Baker Hughes Company (NASDAQ: BKR) is an energy technology company that provides products, services and digital solutions for the oil and gas industry and other energy-related markets. Its offerings support the exploration, drilling, completion, production and maintenance of energy assets across the lifecycle of a project.

The company’s oilfield services and equipment business provides technologies such as drilling systems, well completions, artificial lift, subsea equipment, production chemicals and well intervention services.