Baker Hughes Co

Secured a substantial order to supply gas compression systems for the Cloud Connector Pipeline project Awarded a major order for a modular liquefaction solution supporting Plaquemines LNG facility expansion Awards deepen long-standing strategic collaboration with Venture Global HOUSTON and LONDON, Sept. 13, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) and Venture Global LNG are expanding their long-standing collaboration to advance critical U.S. gas infrastructure. Reinforcing Baker Hughes’ connected capabilities across the natural gas value chain, the company will provide gas compression systems for the Cloud Connector Pipeline project in Louisiana, as well as a modular liquefaction solution including cold boxes to support the expansion of the Plaquemines LNG facility. Together, the pipeline and liquefaction awards demonstrate the critical role of integrated natural gas infrastructure in expanding LNG supply and enhancing energy security for global markets. The substantial pipeline award, which includes 13 gas compression systems driven by Frame 5/2E gas turbines, represents one of the largest deployments for LNG feed gas transportation in the United States. This will enable reliable and efficient transportation of feed gas through the Cloud Connector Pipeline to Venture Global’s Plaquemines facility. Under the major liquefaction award, Baker Hughes will provide four liquefaction blocks, comprising a total of eight liquefaction modules, to support additional LNG production capacity at Plaquemines LNG facility. The liquefaction blocks include Chart cold boxes. "Baker Hughes has been a trusted partner across our LNG developments, both at our LNG facilities and across our pipeline infrastructure," said Mike Sabel, CEO of Venture Global. "As we advance the expansion of Plaquemines LNG, this collaboration not only supports our expansion plans, but also helps ensure we deliver the reliable feed gas transportation necessary to realize our mission of supplying secure LNG to global markets.” "U.S. natural gas is helping to deliver the energy continuity required for industries, communities, and economies to thrive, grow and innovate. Baker Hughes is proud to work alongside our partners at Venture Global as they expand Plaquemines LNG, providing the critical energy infrastructure needed to meet growing global long-term global energy demand,” said Lorenzo Simonelli, chairman and CEO of Baker Hughes. The liquefaction solution provided by Baker Hughes for the Plaquemines expansion follows a similar scope recently awarded for the CP2 project. Each liquefaction block is based on two electric-motor driven, single mixed-refrigerant (SMR) liquefaction modules and associated compression trains featuring Baker Hughes' advanced centrifugal compressor technology, as well as cold boxes, air coolers and integrated control systems. The Cloud Connector award is the second order of Frame 5/2E gas turbine-driven centrifugal compressor packages for Venture Global’s feed gas pipeline, expanding the fleet to 23 Frame 5/2E-driven gas compression systems for the Plaquemines LNG facility. The award further strengthens Baker Hughes’ strategic relationship with Venture Global, supporting more than 100 MTPA of existing and planned LNG production capacity, and reinforces Baker Hughes’ role as a leading industrialized energy provider across the natural gas value chain. About Baker HughesBaker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for peopl

Significant contract supports new well development and production enhancement across bp's UK North Sea operations Advanced modular stimulation solution designed to support efficient well completion, operational reliability and enhanced reservoir recovery HOUSTON and LONDON, Sept. 04, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Friday a significant award from bp to provide offshore stimulation services across the company’s UK North Sea operations. The award supports both new well development and enhanced recovery from mature fields. Under the agreement, Baker Hughes will deploy a vessel-based stimulation solution featuring its proven StimFORCE™ modular stimulation package to support well completions and production enhancement activities. Supported by a UK operating base and an established local supply chain network, the solution is designed to enhance operational reliability, minimize non-productive time and optimize recovery. The dedicated vessel solution provides both schedule and operational flexibility, enabling stimulation activities to be executed efficiently. "By combining our vessel-based stimulation expertise, advanced intervention technologies and production optimization capabilities, we are well positioned to help bp enhance reservoir performance, increase operational flexibility and unlock additional value from both new and mature fields across its North Sea portfolio,” said Baker Hughes Executive Vice President of Oilfield Services & Equipment Amerino Gatti. Baker Hughes has a long-standing presence in the UK, helping offshore operators optimize reservoir performance across the well lifecycle through advanced drilling, completions and intervention technologies. About Baker HughesBaker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com. For more information, please contact: Media Relations Kirk Eggleston+1 346.521.8438kirk.eggleston@bakerhughes.com Investor Relations Chase Mulvehill+1 346-297-2561investor.relations@bakerhughes.com     Source: Baker Hughes

Agreement positions Baker Hughes as key technology collaborator in KOC’s innovation ecosystem Tech focus will be on innovative, fit-for-purpose solutions, including digital and AI automation, to address KOC’s challenges and production priorities Baker Hughes commits to dedicated research and development center in Kuwait to support evaluation of new solutions and deployment of tech at scale HOUSTON and LONDON, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Tuesday a multi-year contract with Kuwait Oil Company (KOC) to accelerate technology innovation in the country’s upstream energy sector. The contract positions Baker Hughes as a key technology collaborator in the Ahmadi Innovation Valley (AIV), KOC’s flagship initiative aimed at establishing an in-country research and innovation hub to address its strategic oil and gas development priorities. Through this collaboration, Baker Hughes and KOC will focus on developing and deploying scalable, fit-for-purpose technology solutions that optimize production and flow assurance, while addressing other priorities across KOC’s technology roadmap. The technologies will benefit from Baker Hughes’ portfolio of digital and artificial intelligence (AI) automation solutions that help operators increase recovery from existing wells, lower operating costs, reduce water production and minimize power consumption. “Baker Hughes is committed to deeply understanding KOC’s development aspirations and providing the solutions needed to help achieve them,” said Baker Hughes Chairman and Chief Executive Officer Lorenzo Simonelli. “Working together, we aim to deliver tailored technology solutions at scale that improve production performance and efficiency, supporting KOC’s goals to maximize value from their assets.” As part of the agreement, Baker Hughes will build a dedicated research and technology development center in the Ahmadi Innovation Valley to support continuous evaluation of new solutions, deliver technology solutions at scale and build local expertise. Baker Hughes has been in Kuwait for more than four decades, providing innovative energy technology solutions for the country’s upstream sector and making in-country investments that benefit local communities. About Baker HughesBaker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com. For more information, please contact: Media Relations Kirk Eggleston+1 346-521-8438kirk.eggleston@bakerhughes.com Investor Relations Chase Mulvehill+1 346-297-2561investor.relations@bakerhughes.com <a href="https://www.globenewswire.com/NewsRoom/Attachmen

HOUSTON and LONDON, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday a substantial award from Searah North Ganal Limited (Subsidiary of Searah Limited, a joint venture Company between Eni and PETRONAS) to deliver subsea production systems and digital solutions to support safe, efficient and optimized production for the Kutei Northern Hub development offshore Indonesia. Under the agreement, Baker Hughes will supply 17 deepwater horizontal tree systems, along with associated manifolds and connections, control and distribution systems, for the integrated development of the recently discovered Geng North field and the Gehem field. Baker Hughes will also deploy its Cordant™ asset protection and condition monitoring systems to proactively identify and mitigate risks to critical equipment and prevent unplanned downtime. These solutions will support efficient subsea operations for natural gas production to strengthen Indonesia’s LNG capacity and domestic energy supply. “The development of the Kutei Northern Hub is an important step in Indonesia’s drive to deliver natural gas and LNG to power the country and the broader region,” said Baker Hughes Executive Vice President of Oilfield Services & Equipment Amerino Gatti. “By combining our proven subsea production technologies, digital solutions and global experience developing offshore projects, we’re supporting efficient, reliable and optimized production from subsea systems through to gas processing and export, helping enable a more secure energy future for Southeast Asia.” Baker Hughes will leverage its operational and manufacturing capabilities in Indonesia to enhance supply chain resilience, project delivery efficiency and ongoing production performance, delivering trees from its Global Manufacturing Center for Subsea Trees in Batam. Baker Hughes’ Balikpapan facility will provide additional operational and service support. This contract builds on Baker Hughes’ support of the Kutei Northern Hub development: In 2025, the company was awarded a flash gas compressors order for the new floating production, storage and offloading vessel, which can process over 1 billion standard cubic feet per day of gas and 90,000 barrels per day of condensate, with a storage capacity of 1.4 million barrels. About Baker HughesBaker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com. For more information, please contact: Media Relations Adrienne Lynch+1 713-906-8407adrienne.lynch@bakerhughes.com Investor Relations Chase Mulvehill+1 346-297-2561investor.relations@bakerhughes.com Source: Baker Hughes

Baker Hughes to supply NovaLT™ industrial gas turbines packaged with generators, gearboxes, and control systems Leveraging Baker Hughes’ technology, Dynamis Power Solutions’ DT17 platform will deliver industry-leading power density in a compact footprint HOUSTON and LONDON, July 29, 2026 (GLOBE NEWSWIRE) -- Dynamis Power Solutions, LLC (Dynamis), a leading mobile power generation packager in North America, and Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday a major order for 76 NovaLT™16 gas turbines paired with gearboxes and generators powered by BRUSH™ Power Generation – totaling ~1.3GW for hypermobile power generation across a wide range of data center projects and oil & gas applications. The turbines were booked in the second quarter, and the gearboxes and generators in the third. Dynamis packages gas turbine generators in its proprietary hypermobile power solutions, using Baker Hughes’ multi-fuel NovaLT™16 gas turbines, gearboxes, and generators powered by BRUSH™ Power Generation with Automatic Voltage Regulator System (AVR) in their DT17 units. The units’ modular design and compact footprint provide the flexibility and scalability necessary to customize projects to specific power requirements for each application. Dynamis’ turbine packages are engineered for high availability and operational flexibility. “The market is demanding utility-grade power solutions that deliver lower emissions without the complexity and expense of water, which is exactly what our Dynamis DT17 platform was engineered to provide,” said Matt Crawford, CEO of Dynamis Power Solutions. “By combining Baker Hughes’ proven NovaLT™16 technology with Dynamis’ proprietary hypermobile packaging, we’re delivering industry-leading power density that significantly reduces construction timelines and civil costs – answering our customers’ requirement for power today. This collaboration with Baker Hughes represents another innovative step in providing reliable, efficient, and rapidly deployable power for the accelerating needs of data centers and the critical energy infrastructure.” “Power demand in North America is accelerating as data centers and digitization expand, manufacturing returns, and energy infrastructure continues to grow,” Baker Hughes Chairman and CEO Lorenzo Simonelli said. “Building on over a decade of collaboration, we are proud to strengthen our relationship with Dynamis. Together, we are delivering consistent, reliable and efficient power solutions critical to building a resilient energy system that is secure, sustainable and affordable.” Based off Dynamis’ flagship DT35 hypermobile power package, the DT17 is designed to bridge immediate power demands, supporting the unique and complex operational needs of industries requiring natural gas power solutions. This new application of Baker Hughes’ NovaLT™16 turbines boasts enhanced versatility for large power consumers in the data center and oil & gas industries, offering resilience in challenging environments and the ability to power reliably – benefits further emphasized by the unit’s compact footprint and record-setting short rig-up, commissioning, and operational maintenance efficiencies. About Dynamis Power SolutionsDynamis Power Solutions is a leading provider of rapidly deployable, utility-grade p

Baker Hughes to supply six liquefaction blocks for the CP2 LNG expansion project, for a total of 12 liquefaction modules Award extends Baker Hughes’ long-standing collaboration with Venture Global, reinforcing role as a strategic LNG technology provider HOUSTON and LONDON, July 27, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday a major order, booked in the second quarter, from Venture Global LNG to provide a comprehensive liquefaction solution for its CP2 LNG expansion project in Louisiana. The award builds on the companies’ established master equipment supply agreement, and the scope includes six liquefaction blocks for a total of 12 liquefaction modules. Each block is based on two single mixed-refrigerant (SMR) liquefaction modules and related compression trains featuring Baker Hughes' advanced centrifugal compressor technology, as well as cold boxes, air coolers and integrated control systems. "Baker Hughes has been a trusted partner across our LNG developments, and we are pleased to extend this collaboration as we advance the next phase of CP2,” said Mike Sabel, CEO of Venture Global. "We are proud to continue providing the critical LNG technologies that enable Venture Global to deliver reliable, affordable and flexible energy needed to meet growing global demand,” said Baker Hughes Chairman and CEO Lorenzo Simonelli. "Our continued collaboration reflects the strength of our partnership and our shared commitment to scaling modular LNG solutions that accelerate U.S. supply and support global energy security." Baker Hughes serves as a strategic supplier to Venture Global across more than 100 million tonnes per annum of existing and planned production capacity, contributing comprehensive LNG systems to the Calcasieu Pass and Plaquemines LNG facilities.  About Baker Hughes Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com. For more information, please contact: Media RelationsChiara Toniato+39 3463823419chiara.toniato@bakerhughes.com Investor Relations: Chase Mulvehill+1 346-297-2561investor.relations@bakerhughes.com Source: Baker Hughes

Second-quarter highlights Orders of $10.5 billion, including $7.1 billion of IET orders. RPO of $40.1 billion, including record IET RPO of $37.1 billion.Revenue of $6.7 billion.Attributable net income of $681 million.GAAP diluted EPS of $0.68 and adjusted diluted EPS* of $0.64.Adjusted EBITDA* of $1,231&nbsp;million.Cash flows from operating activities of $1,345 million and free cash flow* of $1,109 million. HOUSTON and LONDON, July 26, 2026 (GLOBE NEWSWIRE) -- Baker Hughes Company (Nasdaq: BKR) ("Baker Hughes" or the "Company") announced results today for the second quarter of 2026. "Baker Hughes delivered another strong quarter, reflecting the breadth of our portfolio and continued momentum across data center, gas infrastructure, and upstream markets. Disciplined execution and our ability to effectively navigate ongoing Middle East challenges contributed to Adjusted EBITDA exceeding the high end of our guidance range. Looking ahead, favorable underlying fundamentals support our confidence in achieving the midpoint of our full-year guidance as we continue to manage through the Middle East uncertainty." "IET delivered another exceptional quarter of orders, with record bookings doubling year-over-year to $7.1 billion and backlog increasing 19% to a new all-time high. The strength was driven by robust demand across Power Systems and LNG, with particularly strong momentum in power generation. Given broadening customer demand, a growing pipeline across industrial and energy infrastructure markets, and our decision to further expand capacity, we are raising our full-year IET order guidance and increasing our Horizon 2(1) IET orders outlook to more than $45 billion." "OFSE delivered an impressive quarter, with EBITDA exceeding the high end of our guidance range despite a complex operating environment. Increased activity and higher product shipments late in the quarter in the Middle East, along with solid performance in North America land and Latin America, drove the upside and demonstrated the resilience and durability of our portfolio despite higher inflationary costs." "Our second-quarter performance further reinforces confidence in Baker Hughes’ strategic direction. Energy security and rising power demand are driving investment across both energy and industrial value chains, and our expanding portfolio is increasingly aligned with the most attractive growth opportunities across our core end markets." "The successful closing of the Chart acquisition marks a major milestone in our evolution as a leading industrialized energy solutions company. Chart enhances our capabilities in thermal management, air and gas handling, compression and lifecycle services, while expanding our reach across attractive core and adjacent markets. The addition of Chart further advances our portfolio, broadens our growth opportunities, and enhances our ability to create long-term value for customers and shareholders. We are pleased to welcome Chart’s employees to Baker Hughes and look forward to their contributions as part of our team," concluded Simonelli. (1) Horizon 2 represents 2026-2028.* Non-GAAP measure. See reconciliations in the section titled "Reconciliation of GAAP to non-GAAP Financial Measures." <table s

HOUSTON and LONDON, July 26, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) announced today that the Baker Hughes Board of Directors declared a quarterly cash dividend of $0.23 per share of Class A common stock payable on Aug. 17, 2026, to holders of record on Aug. 7, 2026. Baker Hughes expects to fund its quarterly cash dividend from cash generated from operations. About Baker Hughes:Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com. For more information, please contact: Investor Relations Chase Mulvehill+1 346-297-2561investor.relations@bakerhughes.com Media Relations Adrienne M. Lynch+1 713-906-8407adrienne.lynch@bakerhughes.com Source: Baker Hughes

Represents a major milestone in Baker Hughes’ ongoing portfolio management strategy to become a higher-value, leading industrialized energy solutions company Expect $325 million in annualized cost synergies by year three after close; commercial synergy opportunities represent additional upside Chart Industries will be a third operating segment, reflecting the scale and strategic importance of its differentiated capabilities HOUSTON and LONDON, July 16, 2026 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ: BKR) (“Baker Hughes” or “the Company”) today announced the successful completion of its acquisition of Chart Industries, Inc. (NYSE: GTLS) (“Chart”). This strategic transaction is a major milestone in Baker Hughes’ transformation into a higher-value, leading industrialized energy solutions company. The acquisition is expected to enhance Baker Hughes’ ability to deliver durable earnings and cash flow, driven by an expanded industrial portfolio and enhanced recurring aftermarket services. “Chart’s thermal management solutions bring complementary capabilities and aftermarket service offerings that accelerate our portfolio strategy,” said Baker Hughes Chairman and Chief Executive Officer Lorenzo Simonelli. “Together, we will expand the solutions we deliver across a broader range of energy and industrial markets and create greater value for customers and shareholders. We welcome our new colleagues to Baker Hughes and look forward to working with them to deliver disciplined execution and maximize synergies as we move forward.” Baker Hughes Chief Infrastructure & Performance Officer Jim Apostolides has been appointed senior vice president to lead the Chart segment. Since July 2025, Apostolides has led a seamless and effective integration program to support strategic growth and operational synergy readiness. Apostolides has more than 25 years of operational and multi-industry leadership, previously serving as senior vice president of Enterprise Operational Excellence for Baker Hughes since 2020. “Congratulations to Jim on his well-deserved appointment as segment leader,” Simonelli added. “Jim’s business rigor, demonstrated through decades of global supply chain experience and operational leadership of large complex facilities around the world, makes him well-suited to lead implementation of the Baker Hughes Business System within Chart. We look forward to his leadership and continued success, quickly delivering value for our customers and shareholders as one company.” Chart will operate as a new reporting segment within Baker Hughes, reflecting the scale and strategic importance of its differentiated capabilities in air and gas handling, thermal management, and lifecycle services. The segment structure is intended to preserve Chart’s commercial and operational focus while enabling full integration and synergy capture across Baker Hughes. Chart reported $4.3 billion in revenue for fiscal year 2025 and currently serves customers in more than 50 countries, spanning sectors including gas infrastructure, nuclear, data centers, carbon capture and storage, space, geothermal and other high-growth industrial markets. Baker Hughes has launched a comprehensive integration program, leveraging its Business System to support operational alignment. The focus is on harmonizing product and technology platforms, engineering and commercial practices, and lifecycle and digital services. Early synergy capture in supply chain, functional support, and manufacturing is a priority, with a target of $325 million in annualized cost synergies within three years. The acquisition of Chart marks a significant step in Baker Hughes’ portfolio optimization and growth strategy. By streamlining non-core businesses and expanding into industrial and life

Contracts awarded by Bechtel and Cheniere to supply primary liquefaction equipment, including main refrigerant compressors and gas turbines, for the first phase of the Sabine Pass Expansion Project Technology packages support an additional nameplate capacity of over 6 million tons per annum (MTPA) for Train 7 and boil-off gas re-liquefaction unit Services award provides fleet-wide gas turbine upgrades to enhance power, driving LNG production HOUSTON and LONDON, July 09, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday three substantial awards for Cheniere’s Sabine Pass LNG facility in Cameron Parish, Louisiana. The awards, booked in the second quarter, comprise orders from Bechtel Energy Inc. (Bechtel) and Cheniere to supply liquefaction equipment for Train 7 and for a boil-off gas re-liquefaction unit, as well as an award for fleet-wide gas turbine technology upgrades. The equipment orders for Phase 1 of the Sabine Pass expansion project include seven PGT25+ G4 gas turbines driving 15 centrifugal compressors, enabling approximately 6 million tons per annum (MTPA) of additional LNG production capacity. Additionally, Baker Hughes will deliver upgrades across the entire fleet of installed aeroderivative PGT25+ G4 gas turbines at the Sabine Pass facility over a four-year period. These upgrades will help to increase the power output of the turbines to enhance LNG production capabilities, helping deliver efficiency across the facility’s current approximate 30 MTPA capacity. These upgrades, together with Train 7 and the boil-off gas re-liquefaction unit, are expected to add over 6 MTPA of capacity at Sabine Pass. The expansion and upgrade of the Sabine Pass LNG terminal support growing global demand for natural gas in energy and industrial applications, helping to deliver affordable energy supply. “These comprehensive technology solutions, from advanced liquefaction equipment to lifecycle services, help our customers expand LNG production and meet growing energy demand,” said Baker Hughes Chairman and CEO Lorenzo Simonelli. “Our differentiated portfolio of equipment, technologies and services enables us to deliver comprehensive solutions that help customers accelerate project execution, enhance reliability and unlock long-term value.” “We are pleased to continue our decades-long collaboration with Baker Hughes, a key partner in the development of Sabine Pass into one of the largest LNG facilities in the world,” said Cheniere Chairman, President and CEO Jack Fusco. “These equipment orders, lifecycle services and technology upgrades are critical to facilitate further optimization and efficiency upgrades throughout the Cheniere platform.” About Baker Hughes Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com. For more information, please contact: Media Relations Chiara Toniato +39 3463823419 chiara.toniato@bakerhughes.com</a