Baker Hughes Q3 2024 10-Q Filed
Ticker: BKR · Form: 10-Q · Filed: 2024-10-23T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, oil-gas
TL;DR
Baker Hughes 10-Q is in: Q3 & YTD financials are here, compare vs 2023.
AI Summary
Baker Hughes Co. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance across its product and service segments for the third quarter and the first nine months of the year, comparing them to the same periods in 2023. Specific revenue and profit figures for these segments are provided, reflecting the company's operational results.
Why It Matters
This filing provides investors with the latest financial performance data for Baker Hughes, crucial for understanding the company's operational health and future prospects in the oil and gas sector.
Risk Assessment
Risk Level: medium — 10-Q filings are standard for public companies, but the oil and gas industry is inherently volatile, impacting Baker Hughes' financial stability.
Key Numbers
- 2024-09-30 — Reporting Period End Date (This is the end date for the financial data presented in the 10-Q.)
- 2024-01-01 — Year-to-Date Start Date (Marks the beginning of the year-to-date financial reporting period.)
- 2023-07-01 — Q3 2023 Start Date (Marks the beginning of the third quarter of the prior year for comparison.)
Key Players & Entities
- Baker Hughes Co. (company) — Filer of the 10-Q
- 2024-09-30 (date) — End of reporting period
- 2023 (date) — Comparison period
- 575 NORTH DAIRY ASHFORD ROAD, SUITE 100 (address) — Company business and mailing address
- HOUSTON (location) — Company city
- TX (location) — Company state
FAQ
What were Baker Hughes' total revenues for the third quarter of 2024?
The filing indicates revenue data for the period of 2024-07-01 to 2024-09-30, but specific total revenue figures are not provided in this header snippet.
How did Baker Hughes' product segment performance compare between Q3 2024 and Q3 2023?
The filing shows data points for 'us-gaap:ProductMember' for both 2024-07-01 to 2024-09-30 and 2023-07-01 to 2023-09-30, suggesting a comparison is available within the full document.
What is the company's fiscal year end?
Baker Hughes Co. has a fiscal year end of 1231.
What is the company's SEC file number?
The SEC file number for Baker Hughes Co. is 001-38143.
When was the company formerly known as Baker Hughes a GE Co.?
The name change from Baker Hughes a GE Co. to Baker Hughes Co. occurred on 20170703.
From the Filing
0001701605-24-000131.txt : 20241023 0001701605-24-000131.hdr.sgml : 20241023 20241023161151 ACCESSION NUMBER: 0001701605-24-000131 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 92 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241023 DATE AS OF CHANGE: 20241023 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: 241389335 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-20240930.htm 10-Q bkr-20240930 0001701605 12/31 2024 Q3 false xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure bkr:segment bkr:product_line 0001701605 2024-01-01 2024-09-30 0001701605 bkr:A5.125SeniorNotesDue2040OfBakerHughesHoldingsLLCAndBakerHughesCoObligorInc.Domain 2024-01-01 2024-09-30 0001701605 2024-10-16 0001701605 us-gaap:ProductMember 2024-07-01 2024-09-30 0001701605 us-gaap:ProductMember 2023-07-01 2023-09-30 0001701605 us-gaap:ProductMember 2024-01-01 2024-09-30 0001701605 us-gaap:ProductMember 2023-01-01 2023-09-30 0001701605 us-gaap:ServiceMember 2024-07-01 2024-09-30 0001701605 us-gaap:ServiceMember 2023-07-01 2023-09-30 0001701605 us-gaap:ServiceMember 2024-01-01 2024-09-30 0001701605 us-gaap:ServiceMember 2023-01-01 2023-09-30 0001701605 2024-07-01 2024-09-30 0001701605 2023-07-01 2023-09-30 0001701605 2023-01-01 2023-09-30 0001701605 us-gaap:CommonClassAMember 2024-07-01 2024-09-30 0001701605 us-gaap:CommonClassAMember 2023-07-01 2023-09-30 0001701605 us-gaap:CommonClassAMember 2024-01-01 2024-09-30 0001701605 us-gaap:CommonClassAMember 2023-01-01 2023-09-30 0001701605 2024-09-30 0001701605 2023-12-31 0001701605 us-gaap:CommonClassAMember 2024-09-30 0001701605 us-gaap:CommonClassAMember 2023-12-31 0001701605 us-gaap:CommonClassBMember 2024-09-30 0001701605 us-gaap:CommonClassBMember 2023-12-31 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 2024-09-30 0001701605 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-09-30 0001701605 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-09-30 0001701605 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-09-30 0001701605 us-gaap:CommonStockMember 2024-09-30 0001701605 us-gaap:AdditionalPaidInCapitalMember 2024-09-30 0001701605 us-gaap:RetainedEarningsMember 2024-09-30 0001701605 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-09-30 0001701605 us-gaap:NoncontrollingInterestMember 2024-09-30 0001701605 us-gaap:CommonStockMember 2024-06-30 0001701605 us-gaap:AdditionalPaidInCapitalMember 2024-06-30 0001701605 us-gaap:RetainedEarningsMember 2024-06-30 0001701605 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-06-30 0001701605 us-gaap:NoncontrollingInterestMember 2024-06-30 0001701605 2024-06-30 0001701605 us-gaap:RetainedEarningsMember 2024-07-01 2024-09-30 0001701605 us-gaap:NoncontrollingInterestMember 2024-07-01 2024-09-30 0001701605 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-07-01 2024-09-30 0001701605 us-gaap:AdditionalPaidInCapitalMember 2024-07-01 2024-09-30 0001701605 us-gaap:CommonStockMember 2022-12-31 0001701605 us-gaap:AdditionalPaidInCapitalMember