“Net interest expense increased $46 million compared to the first six months of 2025, as a result of the recognition of previously unamortized lending fees related to the Bridge Facility terminated in the first quarter of 2026.”10-Q · Jul 27, 2026 ↗
Baker Hughes Company
BKR
Market read
Baker Hughes Company's current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 21 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 30 directly disclosed connections are confirming.
- Proceeds of approximately $1.2 billion from disposition of Precision Sensors & Instrumentation to Crane Company (CR).
- Formation of joint venture with a Cactus subsidiary: company received $0.2 billion and a 35% noncontrolling interest in Surface Pressure Control business.
Invalidation: The isolated read changes if BKR's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 21 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 30 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- Proceeds of approximately $1.2 billion from disposition of Precision Sensors & Instrumentation to Crane Company (CR).
- Formation of joint venture with a Cactus subsidiary: company received $0.2 billion and a 35% noncontrolling interest in Surface Pressure Control business.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Operating cash flow covered net income at 1.47x in the latest annual period.
- Credit and interest rates has repeated favorable evidence across 5 filings.
- Latest annual revenue changed -0.3% year over year.
- Net margin changed -1.4 percentage points in the latest annual period.
- Macroeconomic conditions has repeated adverse evidence across 5 filings.
- Product pipeline and R&D has repeated adverse evidence across 4 filings.
No credible peer-relative valuation comparison is available yet.
Price as of Oct 7, 2026
55.40Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“This spending is driven by a number of factors, including our customers' forecasts of future energy demand and supply, their access to resources to develop and produce oil and natural gas, their ability to fund their capital programs, the impact of new govern…”10-Q · Jul 27, 2026 ↗
“This spending is driven by a number of factors, including our customers' forecasts of future energy demand and supply, their access to resources to develop and produce oil and natural gas, their ability to fund their capital programs, the impact of new govern…”10-Q · Jul 27, 2026 ↗
“The improved performance in the first six months of 2026 was driven by price, overall productivity, FX, higher volume, and cost-out initiatives, partially offset by inflation.”10-Q · Jul 27, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales — · EV/sales —. Comparisons use only industry-matched filing peers.
No usable price/earnings or price/sales multiple (need a fresh price).
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 7 Oct, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for BKR. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for BKR. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind BKR
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
WHDCactus, Inc.partnerApr 24, 2026 ▾
“The Company also received $0.2 billion from the formation of a joint venture with a subsidiary of Cactus, Inc.”
CRCrane CompanycustomerOct 24, 2025 ▾
“The sale of Precision Sensors & Instrumentation to Crane Company and the creation of the Surface Pressure Control joint venture with Cactus, Inc.”
Depended on by
AIC3.ai, Inc.partnerJun 24, 2026 ▾
“Our partner ecosystem, including Microsoft, Amazon Web Services, McKinsey & Company, Baker Hughes, Booz Allen Hamilton, and more, serves as a primary channel for customer acquisition and expansion.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 31 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
BKR is currently a Participant in the organic co-movement group Commodity Cyclicals. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for BKR; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.