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Baker Hughes Co Class A BKR

Rating as of

Morningstar’s Analysis

Valuation
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Baker Hughes Posts Strong Fourth Quarter, Thanks to Jump in Turbomachinery Sales

Preston Caldwell Equity Analyst

Analyst Note

| Preston Caldwell |

Baker Hughes posted strong fourth-quarter results, driven by a jump in turbomachinery segment sales (repeating the pattern of the past two years). Revenue was up 9% sequentially, due entirely to the turbomachinery segment's 29% gain. Adjusted operating margins also improved to 8.4% from 4.6% in the prior quarter, driven mostly by turbomachinery. Our fair value estimate and no moat rating are unchanged following the results.

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Company Profile

Business Description

Baker Hughes in its current form originated in 2017 from the merger of Baker Hughes with GE Oil & Gas. Baker Hughes’ history of oilfield innovation stretches back over a century, and with the combination with GE, the company now can offer the full spectrum of services to oil and gas companies, from upstream to downstream.

Contact
17021 Aldine Westfield Road
Houston, TX, 77073-5101
T +1 713 439-8600
Sector Energy
Industry Oil & Gas Equipment & Services
Most Recent Earnings Dec 31, 2020
Fiscal Year End Dec 31, 2021
Stock Type Hard Assets
Employees 55,000