Baker Hughes Files 8-K on Operations & Financial Condition

TL;DR

**Baker Hughes just dropped an 8-K on its financials, get ready for an update.**

AI Summary

Baker Hughes Co. filed an 8-K on January 23, 2024, to report its results of operations and financial condition, along with a Regulation FD Disclosure. This filing indicates that the company is providing an update on its financial performance, likely ahead of a full earnings report, to ensure all investors receive material information simultaneously. For shareholders, this matters because it provides an early look at the company's financial health, which can influence stock price movements and investment decisions.

Why It Matters

This filing signals that Baker Hughes is updating the market on its financial performance, which is crucial for investors to assess the company's current health and future prospects.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial information and does not indicate any immediate, significant risks.

Analyst Insight

Investors should look for the specific details of the financial results that will be disclosed, as this 8-K is a precursor to that information. Pay attention to any subsequent announcements or presentations that elaborate on the 'Results of Operations and Financial Condition' to understand the full impact.

Key Players & Entities

• Baker Hughes Company (company) — the registrant filing the 8-K
• Delaware (company) — state of incorporation for Baker Hughes Company
• The Nasdaq Stock Market LLC (company) — exchange where Baker Hughes Class A Common Stock is registered
• BKR (company) — trading symbol for Baker Hughes Class A Common Stock
• January 23, 2024 (date) — date of earliest event reported and filing date
• 575 N. Dairy Ashford Rd., Suite 100 Houston, Texas 77079-1121 (company) — principal executive offices address for Baker Hughes Company
• 713-439-8600 (dollar_amount) — business phone number for Baker Hughes Company

FAQ

Key Financial Figures

• $0.0001 — stered Class A Common Stock, par value $0.0001 per share BKR The Nasdaq Stock Market L

Filing Documents

• bkr-20240123.htm (8-K) — 32KB
• earningsreleaseex991123120.htm (EX-99.1) — 459KB
• bhlghrzrgbpos.jpg (GRAPHIC) — 305KB
• 0001701605-24-000007.txt ( ) — 1071KB
• bkr-20240123.xsd (EX-101.SCH) — 2KB
• bkr-20240123_lab.xml (EX-101.LAB) — 25KB
• bkr-20240123_pre.xml (EX-101.PRE) — 13KB
• bkr-20240123_htm.xml (XML) — 3KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On January 23, 2024, Baker Hughes Company (the "Company") issued a news release announcing its financial results for the quarter and year ended December 31, 2023, a copy of which is furnished with this Form 8-K as Exhibit 99.1 and incorporated herein by reference. In accordance with General Instructions B.2. of Form 8-K, the information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing. Following the issuance of the news release and the filing of this current report on Form 8-K, the Company will hold a conference call on Wednesday, January 24, 2024 at 9:30 a.m. Eastern Time, 8:30 a.m. Central Time, to discuss the earnings announcement. This scheduled conference call was previously announced on December 12, 2023. The conference call will broadcast live via a webcast that can be accessed by visiting the Baker Hughes Company website at: www.investors.bakerhughes.com . An archived version of the webcast will be available on the Baker Hughes Company website for one month following the webcast. In addition to financial results determined in accordance with GAAP that were included in the news release, certain information discussed in the news release and to be discussed on the conference call could be considered non-GAAP financial measures (as defined under the Securities and Exchange Commission's ("SEC") Regulation G). Any non-GAAP financial measures should be considered in addition to, and not as an alternative for, or superior to, net income (loss), operating income (loss), cash flows or other measures of financial performance prepared in accordance with GAAP as more fully discussed in the Company's financial statements and filings with the SEC. Reconciliations of such no

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On January 23, 2024, the Company issued a news release, a copy of which is furnished with this Form 8-K as Exhibit 99.1 and incorporated into this Item 7.01 by reference. In accordance with General Instructions B.2. of Form 8-K, the information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing. See Item 2.02, "Results of Operations and Financial Condition." Item 9.01 Financial Statements and Exhibits. (Information furnished in this Item 9.01 is furnished pursuant to Item 9.01.) (d) Exhibits. 99.1 News Release of Baker Hughes Company dated January 23, 2024 - Baker Hughes Company Announces Fourth Quarter and Total Year 2023 Results 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) Page 2 Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BAKER HUGHES COMPANY Dated: January 23, 2024 By: /s/ Fernando Contreras Fernando Contreras Vice President, Legal Governance and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR