Baker Hughes Enters Material Agreement, New Financial Obligation

Ticker: BKR · Form: 8-K · Filed: 2024-01-05T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, debt, financial-obligation

TL;DR

**Baker Hughes just took on a new major financial obligation, watch for details.**

AI Summary

Baker Hughes Company and Baker Hughes Holdings LLC filed an 8-K on January 5, 2024, reporting events as of December 31, 2023, related to a Material Definitive Agreement and the Creation of a Direct Financial Obligation. This filing indicates that Baker Hughes has entered into a significant new financial commitment or agreement, which could impact its future financial performance and obligations. For investors, this matters because new financial obligations or agreements can affect the company's cash flow, profitability, and overall risk profile, potentially influencing stock valuation.

Why It Matters

This filing signals Baker Hughes has taken on a new significant financial commitment, which could alter its balance sheet and future earnings, directly impacting shareholder value.

Risk Assessment

Risk Level: medium — The filing indicates a new material definitive agreement and financial obligation, the specifics of which are not detailed, introducing uncertainty about its impact.

Analyst Insight

A smart investor would monitor Baker Hughes's upcoming financial disclosures for specific details on the nature and terms of the new material definitive agreement and financial obligation to assess its impact on the company's financial health and future prospects.

Key Players & Entities

Forward-Looking Statements

FAQ

What specific items were reported in this 8-K filing by Baker Hughes Company and Baker Hughes Holdings LLC?

The 8-K filing reported an 'Entry into a Material Definitive Agreement' and 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant' as of December 31, 2023.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on December 31, 2023.

What is the filing date of this 8-K for Baker Hughes Company?

The filing date for this 8-K by Baker Hughes Company was January 5, 2024.

What is the Central Index Key (CIK) for Baker Hughes Company?

The Central Index Key (CIK) for Baker Hughes Company is 0001701605.

What is the state of incorporation for Baker Hughes Company?

Baker Hughes Company is incorporated in Delaware.

From the Filing

0001193125-24-003365.txt : 20240105 0001193125-24-003365.hdr.sgml : 20240105 20240105160902 ACCESSION NUMBER: 0001193125-24-003365 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20231231 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240105 DATE AS OF CHANGE: 20240105 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Baker Hughes Co CENTRAL INDEX KEY: 0001701605 STANDARD INDUSTRIAL CLASSIFICATION: OIL & GAS FILED MACHINERY & EQUIPMENT [3533] ORGANIZATION NAME: 06 Technology IRS NUMBER: 814403168 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38143 FILM NUMBER: 24516315 BUSINESS ADDRESS: STREET 1: 575 NORTH DAIRY ASHFORD ROAD, SUITE 100 CITY: HOUSTON STATE: TX ZIP: 77079-1121 BUSINESS PHONE: 713-439-8600 MAIL ADDRESS: STREET 1: 575 NORTH DAIRY ASHFORD ROAD, SUITE 100 CITY: HOUSTON STATE: TX ZIP: 77079-1121 FORMER COMPANY: FORMER CONFORMED NAME: Baker Hughes a GE Co DATE OF NAME CHANGE: 20170703 FORMER COMPANY: FORMER CONFORMED NAME: Bear Newco, Inc. DATE OF NAME CHANGE: 20170321 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Baker Hughes Holdings LLC CENTRAL INDEX KEY: 0000808362 STANDARD INDUSTRIAL CLASSIFICATION: OIL & GAS FILED MACHINERY & EQUIPMENT [3533] ORGANIZATION NAME: 06 Technology IRS NUMBER: 760207995 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09397 FILM NUMBER: 24516316 BUSINESS ADDRESS: STREET 1: 575 NORTH DAIRY ASHFORD ROAD, SUITE 100 CITY: HOUSTON STATE: TX ZIP: 77079-1121 BUSINESS PHONE: 7134398600 MAIL ADDRESS: STREET 1: 575 NORTH DAIRY ASHFORD ROAD, SUITE 100 CITY: HOUSTON STATE: TX ZIP: 77079-1121 FORMER COMPANY: FORMER CONFORMED NAME: BAKER HUGHES a GE Co LLC DATE OF NAME CHANGE: 20170703 FORMER COMPANY: FORMER CONFORMED NAME: BAKER HUGHES INC DATE OF NAME CHANGE: 19920703 8-K 1 d10294d8k.htm 8-K 8-K 0001701605 0000808362 false 0001701605 2023-12-31 2023-12-31 0001701605 bkr:BakerHughesaGEcompanyLLCMember 2023-12-31 2023-12-31     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 31, 2023       Baker Hughes Company    Baker Hughes Holdings LLC (Exact name of registrant as specified in charter)       Delaware   1-38143   81-4403168    Delaware    1-09397    76-0207995 (State of Incorporation)   (Commission File No.)   (I.R.S. Employer Identification No.)    (State of Incorporation)    (Commission File No.)    (I.R.S. Employer Identification No.)   575 N. Dairy Ashford Rd. , Suite 100   Houston , Texas   77079-1121 (Address of Principal Executive Offices)   (Zip Code) Registrant’s telephone number, including area code: ( 713 ) 439-8600 (former name or former address, if changed since last report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:     ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))     ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered

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