Baker Hughes Co. Files 10-Q for Period Ending March 31, 2024
Ticker: BKR · Form: 10-Q · Filed: 2024-04-24T00:00:00.000Z
Sentiment: neutral
Topics: Baker Hughes, BKR, 10-Q, Quarterly Report, Oil & Gas Equipment
TL;DR
<b>Baker Hughes Co. has submitted its Q1 2024 10-Q filing, detailing financial performance and operational status.</b>
AI Summary
Baker Hughes Co (BKR) filed a Quarterly Report (10-Q) with the SEC on April 24, 2024. Baker Hughes Co. filed its quarterly report (10-Q) for the period ending March 31, 2024. The filing covers the period from January 1, 2024, to March 31, 2024. The company's fiscal year ends on December 31. Baker Hughes Co. is classified under the SIC code 3533 for Oil & Gas Field Machinery & Equipment. The company's principal business address is 575 North Dairy Ashford Road, Suite 100, Houston, TX 77079-1121.
Why It Matters
For investors and stakeholders tracking Baker Hughes Co, this filing contains several important signals. This 10-Q filing provides investors and analysts with the latest financial data for Baker Hughes Co., crucial for understanding its performance in the oil and gas equipment sector during the first quarter of 2024. The detailed financial statements and disclosures within this report are essential for evaluating the company's current financial health, operational efficiency, and future prospects in a dynamic energy market.
Risk Assessment
Risk Level: low — Baker Hughes Co shows low risk based on this filing. The risk is low as this is a standard quarterly filing (10-Q) and does not contain any immediate or significant new disclosures that would alter the company's risk profile based on the provided header information.
Analyst Insight
Monitor future filings for detailed financial results and management commentary to assess performance trends and strategic initiatives.
Key Numbers
- 2024-03-31 — Period End Date (Conformed period of report)
- 2024-04-24 — Filing Date (Filed as of date)
- 12/31 — Fiscal Year End (Fiscal year end)
- 3533 — SIC Code (Standard Industrial Classification)
Key Players & Entities
- Baker Hughes Co (company) — Filer name
- Baker Hughes a GE Co (company) — Former company name
- Bear Newco, Inc. (company) — Former company name
- 0001701605 (company) — Central Index Key
- 3533 (industry) — Standard Industrial Classification
- DE (jurisdiction) — State of incorporation
- 713-439-8600 (phone) — Business phone number
- 2024-03-31 (date) — Conformed period of report
FAQ
When did Baker Hughes Co file this 10-Q?
Baker Hughes Co filed this Quarterly Report (10-Q) with the SEC on April 24, 2024.
What is a 10-Q filing?
A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by Baker Hughes Co (BKR).
Where can I read the original 10-Q filing from Baker Hughes Co?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Baker Hughes Co.
What are the key takeaways from Baker Hughes Co's 10-Q?
Baker Hughes Co filed this 10-Q on April 24, 2024. Key takeaways: Baker Hughes Co. filed its quarterly report (10-Q) for the period ending March 31, 2024.. The filing covers the period from January 1, 2024, to March 31, 2024.. The company's fiscal year ends on December 31..
Is Baker Hughes Co a risky investment based on this filing?
Based on this 10-Q, Baker Hughes Co presents a relatively low-risk profile. The risk is low as this is a standard quarterly filing (10-Q) and does not contain any immediate or significant new disclosures that would alter the company's risk profile based on the provided header information.
What should investors do after reading Baker Hughes Co's 10-Q?
Monitor future filings for detailed financial results and management commentary to assess performance trends and strategic initiatives. The overall sentiment from this filing is neutral.
How does Baker Hughes Co compare to its industry peers?
Baker Hughes operates in the oil and gas equipment and services industry, a sector critical to global energy production and infrastructure.
Are there regulatory concerns for Baker Hughes Co?
As a publicly traded company, Baker Hughes Co. is subject to the reporting requirements of the Securities and Exchange Commission (SEC), including the filing of quarterly reports (10-Q).
Industry Context
Baker Hughes operates in the oil and gas equipment and services industry, a sector critical to global energy production and infrastructure.
Regulatory Implications
As a publicly traded company, Baker Hughes Co. is subject to the reporting requirements of the Securities and Exchange Commission (SEC), including the filing of quarterly reports (10-Q).
What Investors Should Do
- Review the full 10-Q document for detailed financial statements, including revenue, net income, and balance sheet information.
- Analyze management's discussion and analysis (MD&A) for insights into operational performance and future outlook.
- Compare Q1 2024 results with previous periods and industry benchmarks to identify trends and assess competitive positioning.
Key Dates
- 2024-03-31: Quarter End — End of the reporting period for the 10-Q filing.
- 2024-04-24: Filing Date — Date the 10-Q report was officially filed with the SEC.
Year-Over-Year Comparison
This is the initial filing for the first quarter of 2024. Comparisons to prior periods will be available within the full document.
From the Filing
0001701605-24-000067.txt : 20240424 0001701605-24-000067.hdr.sgml : 20240424 20240424161720 ACCESSION NUMBER: 0001701605-24-000067 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 90 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240424 DATE AS OF CHANGE: 20240424 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: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-38143 FILM NUMBER: 24870804 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 10-Q 1 bkr-20240331.htm 10-Q bkr-20240331 0001701605 12/31 2024 Q1 false 0001701605 2024-01-01 2024-03-31 0001701605 2024-04-18 xbrli:shares 0001701605 us-gaap:ProductMember 2024-01-01 2024-03-31 iso4217:USD 0001701605 us-gaap:ProductMember 2023-01-01 2023-03-31 0001701605 us-gaap:ServiceMember 2024-01-01 2024-03-31 0001701605 us-gaap:ServiceMember 2023-01-01 2023-03-31 0001701605 2023-01-01 2023-03-31 0001701605 us-gaap:CommonClassAMember 2024-01-01 2024-03-31 iso4217:USD xbrli:shares 0001701605 us-gaap:CommonClassAMember 2023-01-01 2023-03-31 0001701605 2024-03-31 0001701605 2023-12-31 0001701605 us-gaap:CommonClassAMember 2023-12-31 0001701605 us-gaap:CommonClassAMember 2024-03-31 0001701605 us-gaap:CommonClassBMember 2023-12-31 0001701605 us-gaap:CommonClassBMember 2024-03-31 0001701605 us-gaap:CommonStockMember 2023-12-31 0001701605 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001701605 us-gaap:RetainedEarningsMember 2023-12-31 0001701605 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001701605 us-gaap:NoncontrollingInterestMember 2023-12-31 0001701605 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001701605 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-03-31 0001701605 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001701605 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001701605 us-gaap:CommonStockMember 2024-03-31 0001701605 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001701605 us-gaap:RetainedEarningsMember 2024-03-31 0001701605 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001701605 us-gaap:NoncontrollingInterestMember 2024-03-31 0001701605 us-gaap:CommonStockMember 2022-12-31 0001701605 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001701605 us-gaap:RetainedEarningsMember 2022-12-31 0001701605 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001701605 us-gaap:NoncontrollingInterestMember 2022-12-31 0001701605 2022-12-31 0001701605 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0001701605 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-03-31 0001701605 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0001701605 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-31 0001701605 us-gaap:CommonStockMember 2023-03-31 0001701605 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0001701605 us-gaap:RetainedEarningsMember 2023-03-31 0001701605 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0001701605 us-gaap:NoncontrollingInterestMember 2023-03-31 0001701605 2023-03-31 0001701605 us-gaap:AccountingStandardsUpdate202204Member bkr:SupplyChainFinanceProgramsMember 2024-03-31 0001701605 us-gaap:AccountingStandardsUpdate202204Member bkr:SupplyChainFinanceProgramsMember 2023-12-31 0001701605 us-gaap:TradeAccountsReceivableMember 2024-03-31 0001701605 us-gaap:TradeAccountsReceivableMember 2023-12-31 0001701605 bkr:Othe