Baker Hughes (BKR)
NASDAQEnergyOil & Gas Equipment & ServicesSnapshot 2026-09-04
$63.50-0.22%
Close 2026-09-04 · 1-day change
NASDAQEnergyOil & Gas Equipment & ServicesSnapshot 2026-09-04
QuarterlyIQ Insights · BKR
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance dropped from the top half to the bottom half of its industry over the past month — the reason to own it has weakened.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -24.7% |
| Our one-year growth estimate | diamond |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| 9.1% |
Growth built into the price is above our model estimate.
The price assumes 33.8 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 32 industry peers
BKR — credit agreement
Dated 2026-07-16
Entry into a Material Definitive Agreement. On July 15, 2026, Baker Hughes Holdings LLC (“BHH”), as borrower, and Baker Hughes, as parent guarantor, entered into (i) a term loan credit agreement (the “Bank of America Term Loan Credit Agreement”) with the lenders party thereto (the “Bank of America Lenders”) and Bank of America, N.A., as administrative agent, with aggregate lending commitments of $1.0 billion for a senior, unsecured term loan facility and (ii) a term loan credit agreement (the…
Why it matters: Cash flow is crucial for funding growth and paying down debt. A drop could signal financial strain.
Worry ifCash flow from operations remains above $1 billion for Q3.
Less concerning ifCash flow from operations drops below $1 billion for Q3.
Why it matters: Free cash flow is vital for funding growth. A drop signals potential cash management issues.
Worry ifFree cash flow reported above $150 million in Q2 2026.
Less concerning ifFree cash flow reported below $100 million in Q2 2026.
Why it matters: More orders show strong demand. This matches management's goal to increase orders for the year.
Supportive ifTotal orders reported above $8.5 billion in Q2 2026.
Worry ifTotal orders reported below $7.5 billion in Q2 2026.
Why it matters: More orders would show strong demand and growth. This reflects Baker Hughes' strong position.
Supportive ifFull-year orders reported are higher than the previous midpoint guidance.
Worry ifFull-year orders reported are lower than the previous midpoint guidance.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$115 on $10,000 · ±1.1% | How much price usually moves either way. |
| Bad day | $359 loss on $10,000 · 3.6% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $2,399 loss on $10,000 · 24.0% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Positive revenue growth shows recovery in the energy sector. It affects Baker Hughes' results.
Watch forEnergy sector revenue growth is positive compared to last year.
Also watch forEnergy sector revenue growth is negative compared to last year.
Why it matters: The acquisition is key for Baker Hughes' growth strategy. Delays could impact financial plans.
Supportive ifAcquisition of Chart Industries completed by the end of Q3 2026.
Worry ifAcquisition not completed by the end of Q3 2026.
Why it matters: Achieving these synergies will show Baker Hughes is integrating Chart well. This could boost margins and cash flow.
Supportive ifManagement says they will achieve $325 million in cost savings in three years.
Worry ifManagement says cost savings are not on track or much lower than $325 million.
Why it matters: Higher orders would indicate strong demand and growth potential for Baker Hughes.
Supportive ifFull-year orders were over $10 billion in 2026.
Worry ifFull-year orders were under $8 billion in 2026.
Why it matters: Hitting this target shows strong demand. It helps Baker Hughes grow and seize market chances.
Supportive ifFull-year IET orders were over $45 billion.
Worry ifFull-year IET orders were under $40 billion.
Why it matters: Reaching this margin target shows better profits and efficiency. It shows Baker Hughes can control costs.
Supportive ifIET EBITDA margin reported at or above 20%.
Worry ifIET EBITDA margin was below 18%.
Why it matters: Good integration helps cut costs and boosts Baker Hughes' skills. It affects future earnings and growth.
Supportive ifThey aim for $325 million in annual cost savings in three years.
Worry ifThere are delays in integration. The expected savings may not be reached.