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Baker Hughes A GE Co (BHGE.N)

BHGE.N on New York Stock Exchange

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15 Feb 2019
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Latest Key Developments (Source: Significant Developments)

Baker Hughes, A GE Company, To Supply Turbomachinery Equipment For Golden Pass LNG Export Facility In Sabine Pass, Texas
Thursday, 7 Feb 2019 09:00am EST 

Feb 7 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES, A GE COMPANY, TO SUPPLY TURBOMACHINERY EQUIPMENT FOR GOLDEN PASS LNG EXPORT FACILITY IN SABINE PASS, TEXAS.BAKER HUGHES A GE CO - GOLDEN PASS LNG EXPORT FACILITY PROJECT IS EXPECTED TO PRODUCE AROUND 16 MILLION TONS PER YEAR OF LNG.BAKER HUGHES A GE CO - WILL PROVIDE TURBOMACHINERY EQUIPMENT FOR THREE LNG TRAINS, INCLUDING SIX GAS TURBINES AND 12 CENTRIFUGAL COMPRESSORS.  Full Article

Baker Hughes Says Expects OFE Business To Be Slightly Better In Q1 - Conf Call
Thursday, 31 Jan 2019 09:47am EST 

Jan 31 (Reuters) - Baker Hughes A GE Co ::CEO SAYS LNG PROJECT SANCTIONS ARE ACCELERATING, SEES POTENTIAL FOR 100 MILLION TONNES PER ANNUM TO BE SANCTIONED BY END OF 2019 - CONF CALL.SAYS EXPECTS OFE BUSINESS TO BE SLIGHTLY BETTER IN Q1 - CONF CALL.  Full Article

General Electric Q4 Adjusted EPS (Non-GAAP) Of $0.17
Thursday, 31 Jan 2019 07:40am EST 

Jan 31 (Reuters) - General Electric Co ::4Q'18 CONTINUING EPS (GAAP) OF $0.08.QTRLY ADJUSTED EPS (NON-GAAP) OF $0.17.QTRLY TOTAL REVENUES $33.28 BILLION, UP 5 PERCENT.QTRLY BHGE ORDERS OF $6.9 BILLION WERE UP 21%.IN GE CAPITAL, COMPLETED $8 BILLION OF ASSET SALES AND OTHER ACTIONS IN QUARTER, BRINGING TOTAL DISPOSITIONS TO $15 BILLION IN 2018.QTRLY BHGE REVENUES OF $6.2 BILLION WERE UP 8%.POWER WAS NEGATIVELY IMPACTED IN QUARTER BY CONTINUED EXECUTION, OPERATIONAL ISSUES ON EQUIPMENT PROJECTS AND TRANSACTIONAL SERVICES.DIVIDEND CUT, SELL-DOWN OF STAKE IN BHGE, & OTHERS ALLOWED GE TO GENERATE OR RETAIN ABOUT $10 BILLION OF CASH.Q4 EARNINGS PER SHARE VIEW $0.22, REVENUE VIEW $32.61 BILLION -- REFINITIV IBES DATA.DURING 2018, GE CAPITAL COMPLETED ASSET REDUCTIONS OF $15 BILLION AND PAID DOWN EXTERNAL DEBT BY $21 BILLION.GE CAPITAL ENDED THE QUARTER WITH $124 BILLION OF ASSETS, INCLUDING $15 BILLION OF LIQUIDITY.COMPLETED LOSS RECOGNITION TESTING ON INSURANCE BUSINESS DURING QUARTER AND RECORDED A $65 MILLION CHARGE AFTER-TAX.IN GE INDUSTRIAL, SIGNED OR COMPLETED SUBSTANTIALLY ALL OF THE $20 BILLION ASSET DISPOSITION PROGRAM IN 2018.REACHED AGREEMENT IN PRINCIPLE WITH U.S. DOJ TO SETTLE THE FIRREA INVESTIGATION OF WMC, WITH CO TO PAY CIVIL PENALTY OF $1.5 BILLION."DELAYERED POWER TO IMPROVE ACCOUNTABILITY AND COST STRUCTURES IN UNDERLYING BUSINESSES"."LAUNCHING AN INDEPENDENT GE-OWNED DIGITAL BUSINESS TO BETTER FOCUS ON GROWTH OPPORTUNITIES IN INDUSTRIAL IOT".  Full Article

Baker Hughes Qtrly Adjusted Earnings Per Share $0.26
Thursday, 31 Jan 2019 06:45am EST 

Jan 31 (Reuters) - Baker Hughes A Ge Co ::GAAP DILUTED EARNINGS PER SHARE OF $0.28 FOR QUARTER.CASH FLOWS GENERATED FROM OPERATING ACTIVITIES WERE $1,090 MILLION FOR QUARTER.QTRLY ADJUSTED DILUTED EARNINGS PER SHARE (A NON-GAAP MEASURE) WERE $0.26.IN NOVEMBER, MAJORITY SHAREHOLDER, GE, REDUCED THEIR OWNERSHIP FROM APPROXIMATELY 62.5% TO APPROXIMATELY 50.4%.Q4 EARNINGS PER SHARE VIEW $0.26 -- REFINITIV IBES DATA.RECENT DECLINE IN CRUDE PRICES TO HAVE AN IMPACT ON MORE TRANSACTIONAL MARKETS OF UNITED STATES, CANADA AND LATIN AMERICA IN 1H."EXPECT OTHER INTERNATIONAL MARKETS AS WELL AS OFFSHORE ACTIVITY TO REMAIN RELATIVELY STABLE".MARKET DYNAMICS IN Q4 DEMONSTRATED VOLATILITY IN OUR INDUSTRY."SEEING A POSITIVE CHANGE IN LNG MARKET".CAPITAL EXPENDITURES, NET OF PROCEEDS FROM DISPOSAL OF ASSETS, WERE $214 MILLION FOR Q4 OF 2018..REVENUE OF $6.3 BILLION FOR QUARTER, UP 11% SEQUENTIALLY AND UP 8% YEAR-OVER-YEAR.Q4 REVENUE VIEW $6.05 BILLION -- REFINITIV IBES DATA.  Full Article

Baker Hughes, A GE Company Declares Quarterly Dividend
Thursday, 24 Jan 2019 02:30pm EST 

Jan 24 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES, A GE COMPANY DECLARES QUARTERLY DIVIDEND.SETS QUARTERLY CASH DIVIDEND OF $0.18PER SHARE.  Full Article

Western Gas Selects McDermott And BHGE As Development Partners
Wednesday, 12 Dec 2018 07:00am EST 

Dec 12 (Reuters) - McDermott International Inc ::WESTERN GAS SELECTS MCDERMOTT AND BHGE AS DEVELOPMENT PARTNER FOR EQUUS GAS PROJECT IN AUSTRALIA.MCDERMOTT INTERNATIONAL INC - PRE-FEED WORK WILL COMMENCE IMMEDIATELY AND IS ESTIMATED TO BE COMPLETE BY Q2 2019.MCDERMOTT INTERNATIONAL INC - CONTRACT AWARD WILL BE REFLECTED IN MCDERMOTT'S Q4 2018 BACKLOG.MCDERMOTT INTERNATIONAL INC - COMPANIES WERE ALSO AWARDED A CONTRACT TO SUPPORT PLANNING PHASES OF PROJECT.  Full Article

Baker Hughes A GE Co Says GE And BHGE LLC Entered Supply Agreement With Respect To Heavy Duty Gas Turbine Units, Parts And Components
Tuesday, 13 Nov 2018 07:51am EST 

Nov 13 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES A GE CO - GE AND BHGE LLC ENTERED SUPPLY AGREEMENT WITH RESPECT TO HEAVY DUTY GAS TURBINE UNITS, PARTS AND COMPONENTS.BAKER HUGHES A GE CO - INITIAL TERM OF HDGT SUPPLY AGREEMENT 5 YRS FOR NEW UNITS, LATER OF 20 YEARS & OPERATING SERVICE LIFE FOR PARTS & COMPONENTS.BAKER HUGHES A GE CO - UNDER HDGT SUPPLY AGREEMENT, CO AGREES TO EXCLUSIVELY PURCHASE CERTAIN UNITS, PARTS AND COMPONENTS FROM GE.BAKER HUGHES A GE CO - UNDER HDGT SUPPLY AGREEMENT, GE AGREES TO EXCLUSIVELY SUPPLY CERTAIN UNITS, PARTS AND COMPONENTS TO BHGE,.  Full Article

Baker Hughes a GE co files for potential mixed shelf offering size not disclosed - SEC filing
Tuesday, 13 Nov 2018 07:34am EST 

Nov 13 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES A GE CO FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

Baker Hughes Announces Q3 2018 Results
Tuesday, 30 Oct 2018 06:45am EDT 

Oct 30 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES, A GE COMPANY ANNOUNCES THIRD QUARTER 2018 RESULTS.REVENUE OF $5.7 BILLION FOR QUARTER, UP 2% SEQUENTIALLY AND UP 7% YEAR-OVER-YEAR.ORDERS OF $5.7 BILLION FOR QUARTER, DOWN 5% SEQUENTIALLY AND FLAT YEAR-OVER-YEAR.GAAP DILUTED EARNINGS PER SHARE OF $0.03 FOR QUARTER.Q3 EARNINGS PER SHARE VIEW $0.20, REVENUE VIEW $5.86 BILLION -- THOMSON REUTERS I/B/E/S.ADJUSTED DILUTED EARNINGS PER SHARE (A NON-GAAP MEASURE) WERE $0.19 FOR QUARTER.BAKER HUGHES - EXPECT BOTH NORTH AMERICAN AND INTERNATIONAL MARKETS TO GROW IN 2019 AS CUSTOMERS INCREASE SPENDING, OVERALL RIG AND WELL COUNTS GROW."WE ARE ENCOURAGED BY IMPROVED OUTLOOK FOR THE MACRO ENVIRONMENT"."WE REMAIN WELL-POSITIONED FOR NEXT BUILD-CYCLE".BAKER HUGHES - LNG OUTLOOK IS ALSO IMPROVING, AND WE CONSERVATIVELY ESTIMATE A TOTAL OF 65 MILLION TONS PER ANNUM OF NEW CAPACITY TO BE SANCTIONED BY 2020.BAKER HUGHES-OFFSHORE MARKET IS STRONGEST IT HAS BEEN IN MANY YEARS, IMPROVING TENDER & ORDER ACTIVITY IS ENCOURAGING SIGN AS WE LOOK TO 2019 & BEYOND.  Full Article

Air Products Acquires Bhge's Rotoflow Turboexpander Business
Wednesday, 22 Aug 2018 11:00am EDT 

Aug 22 (Reuters) - Air Products and Chemicals Inc ::AIR PRODUCTS ACQUIRES BHGE'S ROTOFLOW™ TURBOEXPANDER BUSINESS; EXTENDS ITS SPECIALTY EQUIPMENT/SERVICES CAPABILITIES.AIR PRODUCTS AND CHEMICALS INC - FINANCIAL TERMS ARE NOT BEING DISCLOSED.AIR PRODUCTS AND CHEMICALS INC - ACQUIRED ROTOFLOW TURBOEXPANDER BUSINESS FROM BAKER HUGHES, A GE COMPANY.  Full Article

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U.S. drillers add oil rigs for second week in a row: Baker Hughes

U.S. energy firms this week increased the number of oil rigs operating for a second week in a row amid concerns that crude supplies will swamp global demand as U.S. output keeps growing from record levels.