Baker Hughes Monthly Analysis (December 2025)

Baker Hughes

NasdaqGS:BKR

$ 49,20

$-1,41 (-2,79%)

49,20 $

$-1,41 (-2,79%)

End-of-day quote: 12/05/2025

Baker Hughes Stock Value

Analysts currently see NasdaqGS:BKR at the level of Outperform.

Outperform

Baker Hughes Company Info

EPS Growth 5Y

23,14%

Market Cap

$49,94 B

Long-Term Debt

$5,97 B

Short Interest

3,78%

Annual earnings

01/23/2026

Dividend

$0,90

Dividend Yield

1,82%

Founded

2016

Industry

Energy

Country

United States

ISIN Number

US05722G1004

Website

http://www.bakerhughes.com

Analyst Price Target

$54,00

9.76%

Last Update: 12/05/2025

Analysts: 21

Highest Price Target $59,00

Average Price Target $54,00

Lowest Price Target $40,00

In the last five quarters, Baker Hughes’s Price Target has risen from $39,84 to $51,58 - a 29,47% increase. Fiveteen analysts predict that Baker Hughes’s share price will increase in the coming year, reaching $54,00. This would represent an increase of 9,76%.

Top growth stocks in the energy sector (5Y.)

What does Baker Hughes do?

Baker Hughes Company operates as an energy technology company with a portfolio of technologies and services that span the energy and industrial value chain. Strategy The company’s strategy is focuses on improving its core competitiveness and delivering higher-productivity solutions today, while positioning to lead the energy transition and solving the energy trilemma. The key elements of the company’s strategy are transforming the core; driving profitable growth; and delivering results in new...

Baker Hughes Company operates as an energy technology company with a portfolio of technologies and services that span the energy and industrial value chain.

Strategy

The company’s strategy is focuses on improving its core competitiveness and delivering higher-productivity solutions today, while positioning to lead the energy transition and solving the energy trilemma.

The key elements of the company’s strategy are transforming the core; driving profitable growth; and delivering results in new energy.

Products and Services

The company operates through two segments: Oilfield Services & Equipment; and Industrial & Energy Technology.

The company sells to its customers through direct and indirect channels. The company’s primary sales channel is through its direct sales force, which has a strong regional focus with local teams close to the customer, who are able to draw support from centers of excellence in each of its major product lines. The company products and services are sold in highly competitive markets and the competitive environment varies by product line.

Oilfield Services & Equipment (OFSE)

This segment designs and manufactures products and provides related services and integrated solutions for onshore and offshore oilfield operations across the life cycle of an asset, ranging from exploration, appraisal, and development to production, rejuvenation, and decommissioning.

Beyond its traditional oilfield concentration, OFSE is also expanding its capabilities and technology portfolio to meet the challenges of the energy transition, including focusing on new energy areas, such as geothermal and carbon capture, utilization and storage (CCUS), strengthening its digital architecture, and addressing key energy market themes.

The OFSE segment is organized into four product lines.

Well Construction focuses on drilling and includes drilling services (directional drilling, logging-while-drilling, surface logging, and remote operations), drill bits (polycrystalline, roller cone, hybrid, and in-bit sensing), and drilling & completion fluids (emulsion-based, water-based, specialty, drill-in, and completion fluids; and waste management).

Completions, Intervention, and Measurements encompasses completions (wellbore construction, upper and lower completions, unconventional multistage completions, intelligent production systems, workover systems, and fishing and through-tubing services), pressure pumping (cementing, production enhancement, coiled tubing, and tubular running services), and wireline services (openhole logging services, cased-hole logging services, and perforating and drill stem-testing services).

Production Solutions spans artificial lift systems (electrical submersible pumping systems, surface pumping systems, rigless deployment systems, and sensors and gauges), and oilfield & industrial chemicals (upstream, downstream, and Aquaness wholesale chemicals).

Subsea & Surface Pressure Systems includes subsea projects and services (subsea trees, controls, manifolds, wellheads, premium casing connectors, installation and commissioning, repairs and maintenance, well intervention, life-of-field solutions, and plug and abandonment), flexible pipe systems.

These product lines are supported by an OFSE digital group, which combines OFSE's domain expertise with a deep understanding of digital technology to improve operational safety, performance, and sustainability. Reservoir analysis proficiencies are rooted in evaluation technologies, a team of reservoir experts, and software. Together, these capabilities provide customers with a greater understanding of the subsurface, enabling smoother, faster drilling and precise wellbore placement that can lead to improved recovery and project execution driving enhanced economics. OFSE also provides integrated well services and solutions to plan and execute projects ranging from well construction and production through well abandonment, in addition to integrated services and solutions for the subsea environment.

OFSE customers include large integrated major and super-major oil and natural gas companies; the United States (U.S.) and international independent oil and natural gas companies; national or state-owned oil and natural gas companies; engineering, procurement, and construction contractors; geothermal companies; and other oilfield services companies. OFSE principals’ competitive differentiators in the industries and markets it serves are the technology, quality, efficiency, reliability, and availability of its products and services. A continued commitment to service delivery, health, safety & environment (HSE) standards, technical proficiency, and competitive pricing is also a key factor in its success.

OFSE products and services are sold in highly competitive markets. While OFSE may have contracts that include multiple well projects and that may extend over a multi-year period, its services and products are generally provided on a well-by-well basis. Most contracts cover pricing of the products and services, along with various limitations on liability, but do not necessarily establish an obligation to use OFSE products and services. OFSE competitors include SLB, Halliburton, NOV, Weatherford, and TechnipFMC.

Industrial & Energy Technology (IET)

This segment combines a broad array of domain expertise, technologies, software, and services for energy and industrial customers, including on- and offshore, liquefied natural gas (LNG), pipeline and gas storage, refining, petrochemical, distributed gas, nuclear, hydrogen, carbon capture, utilization and storage, clean power, geothermal, and renewables. It also provides cutting edge technology for consumers of energy and/or organizations who are reliant on infrastructure integrity across a broad variety of verticals, including pulp & paper, food & beverage, industrial heating, automotive and aerospace. IET solutions unlock the ability to transform, transfer, and transport energy efficiently, while capturing and cutting emissions.

The IET segment is organized into five product lines.

Gas Technology Equipment delivers highly efficient mechanical and electric-drive compression and power generation technology for projects across the natural gas value chain. The product line's portfolio includes:

Drivers, which include aero-derivative gas turbines, heavy-duty gas turbines, small- to medium-sized industrial gas turbines, steam turbines, hot gas and turboexpanders, and electric motors.

Driven equipment, which includes synchronous condensers, generators, reciprocating, centrifugal, and integrated compressors, and centrifugal pumps.

Turnkey solutions, which include power generation and gas compression modules, waste heat/energy/pressure recovery, energy storage, modularized small and large liquefaction plants, CO2 compression, and storage/use solutions.

Gas Technology Services provides advanced aftermarket support and uptime availability in critical environments and through every stage of the company’s customers' equipment and plant life cycle. The product line portfolio includes:

Designing, manufacturing, maintaining, and upgrading rotating equipment and combining sophisticated hardware technologies with enterprise-class software products.

Analytics to connect customers' assets, providing them with the data, safety, and security needed to improve operations reliably and efficiently.

Genuine spare parts, system upgrades, conversion solutions, digital advanced services, and turnkey solutions to refurbish and improve the output from a single machine up to an entire plant.

Industrial Products includes a broad portfolio of component products and service offerings that enable industrial safety and productivity across diverse industry verticals. The product line's portfolio includes:

Waygate Technologies, which comprises non-destructive testing technology, software, and services, including industrial radiography, ultrasonic sensors, testing machines and gauges, non-destructive testing film, and remote visual inspection.

Process & Pipeline Services, which comprises pre-commissioning and maintenance services to improve throughput and asset integrity for process facilities and pipelines, as well as inline inspection solutions to support pipeline integrity.

Valves and Gears, which comprises flow technology, including industrial valves, regulators, control systems, gears and other flow and process control technologies.

Industrial Solutions offers a unique suite of hardware, software, and edge device solutions that enable asset health, performance and process optimization. Industrial Solutions combines several product lines to leverage the company’s critical equipment hardware capability to migrate to full-plant offerings and through Cordant, a full-stack, edge-to-enterprise solution that encompasses its hardware, software, and services offerings. The product line's portfolio includes a number of product brands including:

Cordant Solutions technology includes the Bently Nevada and System 1 product brands, providing rack-based vibrating monitoring equipment and sensors for both power generation and oil and gas operations, as well as industrial applications. The product line also provides integrated asset performance management.

Precision Sensors & Instrumentation device technology, including the Panametrics, Druck, and Reuter-Stokes product brands, provides instrumentation and sensor-based technologies to better detect and analyze pressure, flow, gas, moisture, radiation, and related conditions.

Climate Technology Solutions (CTS) includes CCUS, hydrogen, clean power, geothermal and emissions abatement capabilities to enable energy operators, as well as users of energy in the broader industry, to achieve their emission reduction goals. This product line is the primary driver of the company's new energy orders and is designed to accelerate the decarbonization of both energy and broader industrial verticals, such as hard-to-abate industries, like steel and cement.

IET customers for the Gas Technology Equipment and Gas Technology Services product lines are industrial, upstream, midstream, and downstream, onshore and offshore, and small-to-large scale. Midstream and downstream customers include LNG plants, pipelines, storage facilities, refineries, and a wide range of industrial and engineering, procurement, and construction companies. Products and services for the remaining IET product lines are primarily sold in a diversified arena to a broad range of customers and across multiple verticals, including aerospace, automotive, nuclear, oil and gas, mining, cement, metals, refinery and petrochemical, food and beverage, pulp & paper, and textile.

IET differentiates itself from competitors with its diverse portfolio, expertise in technology and project management, local presence, and partnerships, to provide fully integrated solutions for a broad array of industry segments.

IET competes across a wide range of industries, including oil and gas, power generation, aerospace, and light and heavy industrials. IET main competitors include Siemens Energy, Solar (a Caterpillar company), Mitsubishi Heavy Industry, Chart, Sulzer, Flowserve, and Emerson.

Contracts

The company conducts its business under various types of contracts in the upstream, midstream, and downstream sectors of the oil and gas industry, including fixed-fee or turnkey contracts, transactional agreements for products and services, and long-term aftermarket service agreements. The company also conducts business in a number of industrial markets and provide critical equipment hardware capability for full plant offerings, asset performance management, and process optimization.

Research and Development (R&D)

For the year ended December 31, 2024, the company incurred $643 million of R&D expense.

Intellectual Property

Many patents and patent applications comprise the Baker Hughes portfolio and are owned by the company. Other patents and patent applications applicable to the company products and services are licensed to the company by GE Aerospace (NYSE: GE) and GE Vernova (NYSE: GEV) and, in some cases, third parties. In particular, the company has an IP cross-license agreement with GE Aerospace and GE Vernova that allows all parties to have continued rights to commercially utilize certain IP of the other pursuant to the terms of the agreement.

Seasonality

The company operations can be affected by seasonal events, which can temporarily affect the delivery and performance of its products and services, and its customers' budgetary cycles. Examples of seasonal events that can impact its business are set forth below:

In OFSE, adverse weather conditions, such as hurricanes in the Gulf of Mexico or extreme heat in the Middle East during the summer months, may impact the company operations or customers' operations, cause supply disruptions and result in a loss of revenue and/or damage to its equipment and facilities, which may or may not be insured.

Severe weather during the winter months normally results in reduced activity levels in the North Sea in OFSE generally in the first quarter and may interrupt or curtail the company operations, or its customers' operations, in those areas and result in a loss of revenue.

Many of the company’s international OFSE customers may increase activity for certain products and services in the fourth quarter as they seek to fully utilize their annual budgets.

The company broader IET businesses typically experience higher customer activity, as a result of spending patterns in the second half of the year.

Government Regulation

The company is also required to comply with transfer pricing, securities laws, and other statutes and regulations, such as the U.S. Foreign Corrupt Practices Act and other countries’ anti-corruption and anti-bribery regimes.

The legal and regulatory environment related to data privacy and security is increasingly rigorous, with new and constantly changing requirements applicable to the company’s business, and enforcement practices are likely to remain uncertain for the foreseeable future. The company is also subject to labor and employment laws, including regulations established by the U.S. Department of Labor and other local regulatory agencies, which sets laws governing working conditions, paid leave, workplace safety, wage and hour standards, and hiring and employment practices.

History

The company was incorporated in 2016. The company was formerly known as Baker Hughes, a GE company and changed its name to Baker Hughes Company in 2019.

Baker Hughes Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Industry Revenues: Oil and Gas Industry: approx. 70% Renewable Energies and Technologies: approx. 20% Industrial Services: approx. 10% TOP 3 Markets: USA: approx. 35% Middle East: approx. 25% Europe: approx. 20% Baker Hughes Company generates the majority of its revenues from the oil and gas ind...

At which locations are the company’s products manufactured?

Production Sites: USA: Headquarters in Houston, Texas Europe: Production facilities in Italy and Germany Middle East: Facilities in Saudi Arabia Asia: Plants in Singapore and Malaysia Baker Hughes Company is a globally operating company that produces its products at several strategic locations wor...

What strategy does Baker Hughes pursue for future growth?

Revenue growth: 10% (estimated 2024) Investments in renewable energies: 1.5 billion USD (2023) Baker Hughes Company pursues a strategy that is strongly focused on diversifying and expanding its portfolio in the field of renewable energies and clean technologies. The company invests significantly i...

Which raw materials are imported and from which countries?

Main raw materials: Steel, Aluminum, Copper, Rare Earths Countries of origin: Steel: China, India, USA Aluminum: Australia, Canada, Russia Copper: Chile, Peru, USA Rare Earths: China, Australia Baker Hughes Company is a leading company in the oil and gas industry and requires a variety of raw mate...

How strong is the company’s competitive advantage?

Market share: 15% (estimated for 2025) R&D expenses: 5% of revenue (2024) EBITDA margin: 15% (2024) Baker Hughes Company is one of the leading providers in the oil and gas industry, especially in the provision of technologies and services. The company's competitive advantage lies in its strong m...

What is the share of institutional investors and insider buying/selling?

Institutional investor share: approx. 80% (2025, estimated) Insider purchases/sales: No significant changes in the last 12 months (2025, estimated) The institutional investor share at Baker Hughes Company is traditionally high, as it is an established company in the energy sector that is attractive...

What percentage market share does Baker Hughes have?

Market share of Baker Hughes: Estimated 15% (2025) Main competitors and their market shares: Schlumberger Limited: 20% Halliburton Company: 18% Baker Hughes Company: 15% Weatherford International: 10% National Oilwell Varco: 8% Moat of Baker Hughes: Baker Hughes has a moderate moat, mainly support...

Is Baker Hughes stock currently a good investment?

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024) Market Share in the Energy Sector: 12% (2024) Baker Hughes recorded solid revenue growth of 8.5% in 2024, attributed to the increasing demand for energy services and technologies. The profit growth of 10.2% indicates that the company is operati...

Does Baker Hughes pay a dividend – and how reliable is the payout?

Dividend Yield: 2.5% (estimated for 2025) Baker Hughes Company regularly pays a dividend to its shareholders. The dividend yield is estimated to be around 2.5% for the year 2025. The reliability of the payout is relatively high, as the company has a solid financial foundation and a consistent divide...

Baker Hughes Stock Value

Baker Hughes Company Info

Analyst Price Target

Top growth stocks in the energy sector (5Y.)

What does Baker Hughes do?

Baker Hughes Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal