Baker Hughes Co (BKR) stock — is it a good business?

Baker Hughes Co (BKR) stock — is it a good business? — InspectStocks

Just reported

Q3 2026 results

From Baker Hughes's results release of October 27, 2026; its quarterly report has since been filed.

Revenue
Actual
$8.03B
+14% y/y
+19% q/q
Guided
—
No guide given

Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.

The full earnings report →

How it makes money

Oilfield equipment and services51%
Industrial, gas and power equipment and services49%

Shares of revenue are estimates for Q2 2026, not figures from a filing.

Competes with

What it sells6

Drilling and well-construction tools and services
Drill bits, drilling fluids and services that help oil and gas companies drill wells and measure conditions underground.
Well-completion and intervention equipment and services
Equipment and field work used to prepare wells to produce, repair or modify them, and measure conditions inside them.
Artificial-lift systems and oilfield chemicals
Pumps and related equipment that bring oil and gas to the surface, along with chemicals used in oilfield operations.

Show 3 more

Subsea production systems and flexible pipes
Underwater well equipment, controls and pipes that carry oil or gas from offshore wells.
Gas turbines, compressors and power-generation equipment
Machines and packaged equipment used to generate power, compress gas and support liquefied natural gas plants and pipelines.
Gas-handling and thermal-management equipment
Chart Industries equipment that cools, processes, stores and transports gases and other liquids, including equipment used in industrial gas and power applications.

Who buys it6

Large integrated oil and gas companies buy equipment and field services for exploration, drilling and production.
National and state-owned oil and gas companies purchase equipment and services for their own fields and energy infrastructure.
Independent oil and gas companies buy well equipment and services, with spending tied to their budgets and access to financing.

Show 3 more

Liquefied natural gas plants, pipelines and gas-storage operators buy compressors, turbines, equipment and maintenance services.
Power companies and data-center operators buy power-generation equipment and related services.
Industrial businesses, including manufacturers and refinery and petrochemical producers, buy inspection equipment, valves, sensors and software.

What it stands on, and what could break it

What the business leans on

1Demand for oilfield products and services depends on customer spending, which is affected by oil and natural-gas prices, customer budgets and access to financing.
2Some turbine technology and supplies depend on agreements with GE Vernova and GE Aerospace; aeroderivative equipment can also face tight supply and long delivery times.
3Manufacturing relies on metals and components such as nickel-based superalloys, tungsten carbide and rare-earth parts, whose availability, prices and trade restrictions can change.

What could go wrong

1When oil and natural-gas prices, customer cash flow or spending plans change, customers may cut or delay drilling, field-development and production spending, reducing demand for Baker Hughes equipment and services.
2Supply interruptions, higher material costs or the loss of supply and technology arrangements with GE Vernova or GE Aerospace could delay equipment deliveries and affect operations.
3Middle East conflict and disrupted trade routes can delay customer work and raise logistics costs; fixed-price projects can leave Baker Hughes responsible for added costs or service penalties, while integrating Chart adds operational demands.

Full financial statements →

About Baker Hughes Co

Baker Hughes supplies tools and field crews for drilling, completing, maintaining and producing oil and gas wells. It also builds gas turbines, compressors and power-generation equipment, and sells inspection instruments, valves and software used by factories, pipelines and power plants. Its July 2026 acquisition of Chart Industries added equipment for cooling, processing, storing and transporting gases and other liquids.

Head office: Houston, Texas
Founded: 1987
Employees: approximately 54,000 (June 30, 2026, medium)
Listed on: Nasdaq
Financial year ends: December 31

Built from Baker Hughes Co’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Just reported

Q3 2026 results

From Baker Hughes's results release of October 27, 2026; its quarterly report has since been filed.

Revenue
Actual
$8.03B
+14% y/y
+19% q/q
Guided
—
No guide given

The full earnings report →

Keep exploring

The themes Baker Hughes is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Highest-graded in Oil Gas Equipment and Services

Graded A or B and worth $2B or more: A first, then the largest.

Grade rose recently in Energy

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

How it makes money

Oilfield equipment and services51%
Industrial, gas and power equipment and services49%

Shares of revenue are estimates for Q2 2026, not figures from a filing.

Competes with

What it sells6

Drilling and well-construction tools and services
Drill bits, drilling fluids and services that help oil and gas companies drill wells and measure conditions underground.
Well-completion and intervention equipment and services
Equipment and field work used to prepare wells to produce, repair or modify them, and measure conditions inside them.
Artificial-lift systems and oilfield chemicals
Pumps and related equipment that bring oil and gas to the surface, along with chemicals used in oilfield operations.

Show 3 more

Subsea production systems and flexible pipes
Underwater well equipment, controls and pipes that carry oil or gas from offshore wells.
Gas turbines, compressors and power-generation equipment
Machines and packaged equipment used to generate power, compress gas and support liquefied natural gas plants and pipelines.
Gas-handling and thermal-management equipment
Chart Industries equipment that cools, processes, stores and transports gases and other liquids, including equipment used in industrial gas and power applications.

Who buys it6

Large integrated oil and gas companies buy equipment and field services for exploration, drilling and production.
National and state-owned oil and gas companies purchase equipment and services for their own fields and energy infrastructure.
Independent oil and gas companies buy well equipment and services, with spending tied to their budgets and access to financing.

Show 3 more

Liquefied natural gas plants, pipelines and gas-storage operators buy compressors, turbines, equipment and maintenance services.
Power companies and data-center operators buy power-generation equipment and related services.
Industrial businesses, including manufacturers and refinery and petrochemical producers, buy inspection equipment, valves, sensors and software.

What it stands on, and what could break it

What the business leans on

1Demand for oilfield products and services depends on customer spending, which is affected by oil and natural-gas prices, customer budgets and access to financing.
2Some turbine technology and supplies depend on agreements with GE Vernova and GE Aerospace; aeroderivative equipment can also face tight supply and long delivery times.
3Manufacturing relies on metals and components such as nickel-based superalloys, tungsten carbide and rare-earth parts, whose availability, prices and trade restrictions can change.

What could go wrong

1When oil and natural-gas prices, customer cash flow or spending plans change, customers may cut or delay drilling, field-development and production spending, reducing demand for Baker Hughes equipment and services.
2Supply interruptions, higher material costs or the loss of supply and technology arrangements with GE Vernova or GE Aerospace could delay equipment deliveries and affect operations.
3Middle East conflict and disrupted trade routes can delay customer work and raise logistics costs; fixed-price projects can leave Baker Hughes responsible for added costs or service penalties, while integrating Chart adds operational demands.

Full financial statements →

About Baker Hughes Co

Head office: Houston, Texas
Founded: 1987
Employees: approximately 54,000 (June 30, 2026, medium)
Listed on: Nasdaq
Financial year ends: December 31

Q3 2026 results

Revenue

How it makes money

Competes with

What it sells6

Who buys it6

What it stands on, and what could break it

What the business leans on

What could go wrong

About Baker Hughes Co

Q3 2026 results

Revenue

Keep exploring

The theme it is part of

Highest-graded in Oil Gas Equipment and Services

Grade rose recently in Energy

How it makes money

Competes with

What it sells6

Who buys it6

What it stands on, and what could break it

What the business leans on

What could go wrong

About Baker Hughes Co

Keep exploring

The theme it is part of

Highest-graded in Oil Gas Equipment and Services

Grade rose recently in Energy

Oilfield services

Baker Hughes Co

Growth & cash — 5 of 5

Business trend

Share price and grade over time

Q3 2026 results

Revenue

How it makes money

Competes with

What it sells6

Who buys it6

What it stands on, and what could break it

What the business leans on

What could go wrong

About Baker Hughes Co

Q3 2026 results

Revenue

Keep exploring

The theme it is part of

Highest-graded in Oil Gas Equipment and Services

Grade rose recently in Energy

How it makes money

Competes with

What it sells6

Who buys it6

What it stands on, and what could break it

What the business leans on

What could go wrong

About Baker Hughes Co

Keep exploring

The theme it is part of

Highest-graded in Oil Gas Equipment and Services

Grade rose recently in Energy

Oilfield services

Baker Hughes Co

Past performance

Growth & cash — 5 of 5

Business trend

Share price and grade over time