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Baker Hughes signs two agreements to develop Venezuela energy assets

Mon, 05 Oct 2026 07:00:54 -0400

Baker Hughes (NASDAQ: BKR) announced the signing of two agreements aimed at developing Venezuela's natural gas and energy infrastructure, according to a press release issued Oct. 5, 2026.

The company signed a strategic alliance agreement in Caracas with state oil company PDVSA, Lindsayca Inc., and Fulcrum LNG, Inc. to restore and expand Venezuela's natural gas infrastructure. Separately, Baker Hughes signed a Memorandum of Understanding with New Stratus Energy Inc. to support future oil and gas development in the country.

Under the alliance with PDVSA, Lindsayca, and Fulcrum, the parties plan to advance infrastructure needed to process, transport, commercialize, and export natural gas.

Baker Hughes Signs Two Agreements to Develop Venezuela's Natural Gas and Energy Infrastructure

Mon, 05 Oct 2026 07:00:00 -0400

An alliance agreement was signed with PDVSA, Lindsayca and Fulcrum LNG, Inc. to restore energy infrastructure for gas production
An MOU with New Stratus Energy Inc. was also recently signed to support the future development of in-country oil and gas resources

CARACAS, Venezuela, Oct. 05, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, Monday announced the signing of two strategic agreements to accelerate the revitalization of Venezuela’s energy infrastructure across the natural gas value chain and expansion of the country’s energy production.

In Caracas, the company signed a strategic alliance agreement with

Baker Hughes Signs Two Agreements to Develop Venezuela's Natural Gas and Energy Infrastructure

Mon, 05 Oct 2026 07:00:00 -0400

An alliance agreement was signed with PDVSA, Lindsayca and Fulcrum LNG, Inc. to restore energy infrastructure for gas production
An MOU with New Stratus Energy Inc. was also recently signed to support the future development of in-country oil and gas resources

In Caracas, the company signed a strategic alliance agreement with

Baker Hughes Signs Two Agreements to Develop Venezuela's Natural Gas and Energy Infrastructure

Mon, 05 Oct 2026 07:00:00 -0400

An alliance agreement was signed with PDVSA, Lindsayca and Fulcrum LNG, Inc. to restore energy infrastructure for gas production
An MOU with New Stratus Energy Inc. was also recently signed to support the future development of in-country oil and gas resources

In Caracas, the company signed a strategic alliance agreement with

Baker Hughes Signs Two Agreements to Develop Venezuela's Natural Gas and Energy Infrastructure

Mon, 05 Oct 2026 07:00:00 -0400

An alliance agreement was signed with PDVSA, Lindsayca and Fulcrum LNG, Inc. to restore energy infrastructure for gas production
An MOU with New Stratus Energy Inc. was also recently signed to support the future development of in-country oil and gas resources

In Caracas, the company signed a strategic alliance agreement with

Form 8-K/A Baker Hughes Co For: Jul 16

Thu, 01 Oct 2026 16:11:00 -0400

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Baker Hughes (BKR) PT Lowered to $69 at UBS

Wed, 30 Sep 2026 09:50:30 -0400

(Updated - September 30, 2026 9:50 AM EDT)

UBS analyst Josh Silverstein lowered the price target on Baker Hughes (NASDAQ: BKR) to $69.00 (from $72.00) while maintaining a Neutral rating.

The analyst commented, "We model $1,354mm 3Q26 EBITDA, slightly above Street and implied guidance of $1,345mm. Stronger than expected Middle East activity vs. flat from 2Q levels assumed in guidance, along with growing IET GTS revenue, supports our outlook. Despite strong underlying momentum in OFSE/IET, we lower our FY27+ revenue forecasts as we incorporate a lower 2026 GTLS starting point. Longer-term however, BKR remains on track to deliver on its Horizon 2 objectives, including margin

Baker Hughes (BKR) PT Lowered to $69 at UBS

Wed, 30 Sep 2026 09:50:30 -0400

(Updated - September 30, 2026 9:50 AM EDT)

UBS analyst Josh Silverstein lowered the price target on Baker Hughes (NASDAQ: BKR) to $69.00 (from $72.00) while maintaining a Neutral rating.

Goldman Sachs Resumes Baker Hughes (BKR) at Buy

Tue, 29 Sep 2026 07:21:15 -0400

Goldman Sachs analyst Neil Mehta resumes coverage on Baker Hughes (NASDAQ: BKR) with a Buy rating and a price target of $71.00.

The analyst comments "We are reinstating a rating on Baker Hughes (BKR) at Buy, with a 12-month price target of $71, implying 23% upside from current levels. We highlight 1) growth opportunities from operational and geographic synergies with the addition of Chart Industries, 2) strong secular IET order momentum supported by data center, power, and LNG markets, and 3) diversified OFSE business which provides durable earnings with upside from activity additions. We see these factors driving revenue and margin

Goldman Sachs Resumes Baker Hughes (BKR) at Buy

Tue, 29 Sep 2026 07:21:15 -0400

Goldman Sachs analyst Neil Mehta resumes coverage on Baker Hughes (NASDAQ: BKR) with a Buy rating and a price target of $71.00.

Baker Hughes Announces Dates for Third-quarter Earnings Release and Webcast

Mon, 28 Sep 2026 07:00:00 -0400

HOUSTON and LONDON, Sept. 28, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) will announce the results of the third quarter ending Sept. 30, 2026, via press release at 5 p.m. Eastern Time (4 p.m. Central Time) on Tuesday, Oct. 27, 2026. A webcast to discuss the results will be held Wednesday, Oct. 28, 2026, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time).

To access the webcast, listeners should visit the Baker Hughes website at: investors.bakerhughes.com. An archived version will be available on the website following the webcast.

About Baker Hughes
Baker Hughes

Baker Hughes Announces Dates for Third-quarter Earnings Release and Webcast

Mon, 28 Sep 2026 07:00:00 -0400

To access the webcast, listeners should visit the Baker Hughes website at: investors.bakerhughes.com. An archived version will be available on the website following the webcast.

About Baker Hughes
Baker Hughes

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