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Baker Hughes A GE Co (BHGE.N)

BHGE.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

i3 Energy Awards Baker Hughes Equipment and Service Contracts
Tuesday, 2 Jul 2019 02:00am EDT 

July 2 (Reuters) - I3 Energy PLC ::I3 ENERGY PLC - I3 CONTRACT WITH BHGE FOR EQUIPMENT AND SERVICE.I3 ENERGY - AS PART OF DEAL, CO WILL ISSUE TO BHGE WARRANTS UP TO NOTIONAL VALUE OF £3MM AT EXERCISE PRICE OF 56.85P/SHARE.I3 ENERGY - BHGE AGREED THAT £3MM OF OFS, OFE CONTRACT PAYMENTS WILL NOT BECOME PAYABLE UNTIL I3 RECEIVES FIRST SALES REVENUE FROM LIBERATOR PHASE I.  Full Article

ProPetro Revises Agreements with AFGlobal
Friday, 28 Jun 2019 08:00am EDT 

June 28 (Reuters) - ProPetro Holding Corp ::PROPETRO REVISES AGREEMENTS WITH AFGLOBAL; ANNOUNCES INITIAL CUSTOMERS FOR THREE DURASTIM® FLEETS.PROPETRO HOLDING CORP - ANNOUNCES PURCHASE OF FIRST TWO TM2500 GAS TURBINES TO POWER DURASTIM® FLEETS FROM BAKER HUGHES, A GE COMPANY.PROPETRO HOLDING CORP - COMPANY HAS ALSO SECURED AN OPTION TO PURCHASE UP TO THREE ADDITIONAL FLEETS THAT WILL BE EXERCISABLE THROUGH END OF 2020..PROPETRO HOLDING CORP - COMPANY CURRENTLY EXPECTS TO TAKE DELIVERY OF FIRST DURASTIM® FLEET IN Q4 OF 2019..PROPETRO HOLDING CORP - COMPANY CURRENTLY EXPECTS TO TAKE DELIVERY OF FIRST DURASTIM® FLEET IN Q4 OF 2019..PROPETRO HOLDING CORP - REVISED AGREEMENTS WITH AFGLOBAL UNDER WHICH IT WILL ACQUIRE ONE ADDITIONAL ELECTRICALLY POWERED DURASTIM FLEET IN 2019.PROPETRO HOLDING CORP - PROPETRO EXPECTS FIRST THREE FULLY DEPLOYED DURASTIM FLEETS TO COST AN AGGREGATE OF APPROXIMATELY $180 MILLION.  Full Article

Baker Hughes A GE Co Says Elected Lorenzo Simonelli As Chairman
Monday, 13 May 2019 02:25pm EDT 

May 13 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES A GE CO - ON MAY 10, THE BOARD OF DIRECTORS ELECTED LORENZO SIMONELLI AS CHAIRMAN OF THE BOARD AND W. GEOFFREY BEATTIE AS LEAD DIRECTOR .  Full Article

Baker Hughes, A GE Company Declares Quarterly Dividend
Friday, 10 May 2019 03:50pm EDT 

May 10 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES, A GE COMPANY DECLARES QUARTERLY DIVIDEND.BAKER HUGHES A GE CO - DECLARED A CASH DIVIDEND OF $.18 PER SHARE OF CLASS A COMMON STOCK PAYABLE ON MAY 31, 2019.BAKER HUGHES - DIVIDEND WILL BE FUNDED BY A DISTRIBUTION OF $.18 PER UNIT FROM BAKER HUGHES, A GE COMPANY, LLC TO ALL OF ITS MEMBERS, INCLUDING GE..  Full Article

Baker Hughes, A GE Company Announces February 2019 Rig Counts
Thursday, 7 Mar 2019 06:00am EST 

March 7 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES, A GE COMPANY ANNOUNCES FEBRUARY 2019 RIG COUNTS.BAKER HUGHES A GE CO - BAKER HUGHES INTERNATIONAL RIG COUNT FOR FEBRUARY 2019 WAS 1,027, UP 3 FROM 1,024.BAKER HUGHES A GE CO - INTERNATIONAL OFFSHORE RIG COUNT FOR FEBRUARY 2019 WAS 250, UP 8 FROM 242 COUNTED IN JANUARY 2019.BAKER HUGHES A GE CO - AVERAGE U.S. RIG COUNT FOR FEBRUARY 2019 WAS 1,049, DOWN 16 FROM 1,065 COUNTED IN JANUARY 2019.BAKER HUGHES A GE CO - WORLDWIDE RIG COUNT FOR FEBRUARY 2019 WAS 2,306, UP 41 FROM 2,265 COUNTED IN JANUARY 2019.BAKER HUGHES A GE CO - AVERAGE CANADIAN RIG COUNT FOR FEBRUARY 2019 WAS 230, UP 54 FROM 176 COUNTED IN JANUARY 2019.  Full Article

Baker Hughes Announces February 2019 Rig Counts
Thursday, 7 Mar 2019 06:00am EST 

March 7 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES A GE CO - BAKER HUGHES INTERNATIONAL RIG COUNT FOR FEB WAS 1,027, UP 3 FROM 1,024 COUNTED IN JAN 2019.BAKER HUGHES, A GE COMPANY ANNOUNCES FEBRUARY 2019 RIG COUNTS.BAKER HUGHES A GE CO - INTERNATIONAL OFFSHORE RIG COUNT FOR FEBRUARY 2019 WAS 250, UP 8 FROM 242 COUNTED IN JANUARY 2019.BAKER HUGHES A GE CO - AVERAGE U.S. RIG COUNT FOR FEBRUARY 2019 WAS 1,049, DOWN 16 FROM 1,065 COUNTED IN JANUARY 2019.BAKER HUGHES A GE CO - WORLDWIDE RIG COUNT FOR FEBRUARY 2019 WAS 2,306, UP 41 FROM 2,265 COUNTED IN JANUARY 2019.BAKER HUGHES A GE CO - AVERAGE CANADIAN RIG COUNT FOR FEBRUARY 2019 WAS 230, UP 54 FROM 176 COUNTED IN JANUARY 2019.  Full Article

Baker Hughes A GE Co - Bhge Llc, GE And GE Aero Power Llc Entered “Aero Transaction Agreement" - SEC Filing
Thursday, 28 Feb 2019 05:16pm EST 

Feb 28 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES A GE CO - BHGE LLC, GE AND GE AERO POWER LLC ENTERED “AERO TRANSACTION AGREEMENT" - SEC FILING.BAKER HUGHES A GE CO - UNDER AGREEMENT, BHGE LLC AGREED TO PAY $60 MILLION TO GE, TO EQUALIZE EACH PARTY’S INTERESTS IN JV AT 50%.BAKER HUGHES A GE CO-AERO TRANSACTION DEAL SETS TERMS TO WHICH CO, GE TO CONTRIBUTE SOME AERO-DERIVATIVE GAS TURBINE RELATED ASSETS, LIABILITIES TO JV.BAKER HUGHES A GE CO - ON FEB 25, 2019, BHGE LLC AND GE ENTERED INTO IST SALE AGREEMENT.BAKER HUGHES A GE CO - IST SALE AGREEMENT PROVIDES BHGE LLC WILL MAKE CASH PAYMENT OF $13 MILLION TO AFFILIATE OF GE AT CLOSING OF TRANSACTION.BAKER HUGHES A GE CO-$13 MILLION PAYMENT UNDER IST SALE AGREEMENT SUBJECT TO UPWARD ADJUSTMENT IF WORKING CAPITAL OF INDUSTRIAL STEAM TURBINE BUSINESS IS NEGATIVE.BAKER HUGHES A GE CO - IF WORKING CAPITAL OF INDUSTRIAL STEAM TURBINE BUSINESS IS POSITIVE, AFFILIATE OF GE WILL MAKE QTRLY PAYMENTS TO BHGE LLC FOR 1 YEAR.  Full Article

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

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General Electric fortifies defense against charges of bogus accounting

NEW YORK General Electric Co reinforced its defense of its accounting practices on Monday after investors asked more questions about an unusual research report last week that accused the jet engine and power plant maker of financial fraud.