Feed / BKR

Baker Hughes Company

BKR

Energy · 55.40 -3.0% today

Isolated · not yet confirmedMarket checked 7 Oct, 15:55 GMT-4

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.

Company-3.0% todayVolume comparison unavailable
Market group0 of 21 activeCommodity Cyclicals · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • 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.

Watch this read

Research brief

The story so far

Energy · Oil & Gas Equipment & Services

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.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • 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

As of Oct 22, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations620
Usable filing statements93
Verified relationships16
Evidence supporting the case
  • 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.
Evidence challenging the case
  • 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.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Oct 7, 2026

55.40
6m-12.3%12m+12.9%24m+48.8%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$20.5B-1.0%$-0.27+20.2%
2022-12-31$21.2B+3.2%$-0.61+21.5%
2023-12-31$25.5B+20.6%$1.91+3.3%
2024-12-31$27.8B+9.1%$2.98-1.7%
2025-12-31$27.7B-0.3%——

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 5 filings
“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 ↗
Demand and volumepositive · 5 filings
“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 ↗
Energy and commodity pricesmixed · 5 filings
“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 ↗
Macroeconomic conditionsmixed · 5 filings
“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.

Scenario scaffold

No usable price/earnings or price/sales multiple (need a fresh price).

Price action

How the market is pricing the story

55.40-3.0% today

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.