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Baker Hughes BKR Q2 2024 earnings

Reported July 25, 2024 · After market close

Revenue$7.1BBeat by $330.2M
EPS$0.57Beat by $0.08
Revenue estimate$6.8B
EPS estimate$0.49

Next report

Oct 27, 2026 (In 3 weeks)
Revenue estimate$7.7B
EPS estimate$0.61

Financials

Q2 2024

Income statement

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Revenue$7.1B+13.0%
Operating income$833.0M+62.1%
Net income$579.0M+41.2%
EPS (diluted)$0.75+56.0%

Balance sheet

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Cash & equivalents$2.3B-18.6%
Total equity$15.6B+3.0%
Total assets$36.7B+1.6%

Cash flow

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Operating cash flow$348.0M-59.5%
CapEx$292.0M+5.4%
Free cash flow$56.0M-90.4%

Valuation & ratios

Valuation

as of 06/30/24
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Market cap$35.1B+10.0%
P/E17.6×—
P/S1.3×-0.1×

Profitability

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Operating margin10.5%+2.5pp
Net margin7.4%—
FCF margin6%-1.5pp

Returns & leverage

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Return on equity13%—
Current ratio1.3×0.0×

Segments

By segment

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Oilfield Services & Equipment$4.0B+3.5%

FAQ

When did Baker Hughes report Q2 2024 earnings?
Baker Hughes (BKR) reported Q2 2024 earnings on July 25, 2024 after market close.
What were Baker Hughes's Q2 2024 revenue and EPS?
Baker Hughes reported revenue of $7.1B and eps of $0.57 for Q2 2024.
Did Baker Hughes beat estimates in Q2 2024?
Revenue beat the consensus estimate of $6.8B by $330.2M. EPS beat the consensus estimate of $0.49 by $0.08.
Where can I find Baker Hughes's Q2 2024 SEC filings?
You can read the 8-K earnings release (0001701605-24-000109) and the 10-Q periodic report (0001701605-24-000111) directly on SEC EDGAR. The filing index links above go to sec.gov.