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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)

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 

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 

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 

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 

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

Baker Hughes, A GE Co Declares Qtrly Dividend Of $0.18/Share Of Class A Common Stock
Friday, 3 Aug 2018 

Aug 3 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES, A GE COMPANY DECLARES QUARTERLY DIVIDEND.BAKER HUGHES A GE CO - BHGE BOARD OF DIRECTORS DECLARED A CASH DIVIDEND OF $0.18 PER SHARE OF CLASS A COMMON STOCK.  Full Article

GE Reports 2Q’18 Continuing Operations EPS Of $0.08
Friday, 20 Jul 2018 

July 20 (Reuters) - General Electric Co ::2Q’18 CONTINUING OPERATIONS EPS (GAAP) OF $0.08.2Q’18 ADJUSTED EPS (NON-GAAP) OF $0.19.QTRLY TOTAL GAAP REVENUE $30,104 MILLION.Q2 EARNINGS PER SHARE VIEW $0.17, REVENUE VIEW $29.31 BILLION -- THOMSON REUTERS I/B/E/S.SEES TOTAL-YEAR FRAMEWORK OF ADJUSTED EPS OF $1.00-1.07 AND ADJUSTED GE INDUSTRIAL FREE CASH FLOWS (NON-GAAP) OF ABOUT $6 BILLION.SAYS GE'S $20 BILLION DIVESTITURE TARGET IS SUBSTANTIALLY COMPLETE.SAYS IN QUARTER, "SAW CONTINUED STRENGTH ACROSS MANY OF OUR SEGMENTS, ESPECIALLY IN AVIATION AND HEALTHCARE".SAYS QTRLY AVIATION ORDERS OF $9.5 BILLION WERE UP 29%.SAYS “THE SECOND QUARTER WAS IN LINE WITH EXPECTATIONS".SAYS QTRLY BHGE ORDERS WERE $6.0 BILLION, UP 95% REPORTED AND UP 2% ORGANIC.SAYS "WE EXPECT THE POWER MARKET TO REMAIN CHALLENGING, AND WE CONTINUE OUR FOCUS ON OPERATIONAL IMPROVEMENT".SAYS QTRLY BHGE REVENUES WERE $5.6 BILLION, UP 85% REPORTED AND DOWN 12% ORGANIC.SAYS PLAN TO END 2018 WITH MORE THAN $15 BILLION OF CASH.SAYS QTRLY RENEWABLE ENERGY ORDERS OF $1.7 BILLION DOWN 15 PERCENT, PRINCIPALLY DRIVEN BY TIMING AS FIRST HALF ORDERS VERSUS LAST YEAR WERE FLAT.SAYS QTRLY POWER ORDERS OF $7.4 BILLION WERE DOWN 26 PERCENT.  Full Article

Baker Hughes, A GE Company GAAP Diluted Loss Per Share Of $0.05
Friday, 20 Jul 2018 

July 20 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES, A GE COMPANY ANNOUNCES SECOND QUARTER 2018 RESULTS.QTRLY ADJUSTED DILUTED EARNINGS PER SHARE (A NON-GAAP MEASURE) WERE $0.10.GAAP DILUTED LOSS PER SHARE OF $0.05 FOR QUARTER WHICH INCLUDED $0.15 PER SHARE OF ADJUSTING ITEMS.QTRLY ADJUSTED DILUTED EARNINGS PER SHARE INCLUDES A LOSS OF $0.03 RELATED TO BJ SERVICES.MACRO OUTLOOK CONTINUES TO BE FAVORABLE.SEEING SIGNS OF INCREASING INTERNATIONAL ACTIVITY IN SOME GEOMARKETS.DELIVERED $189 MILLION OF SYNERGIES IN QUARTER, ON TRACK TO ACHIEVE $700 MILLION TARGET FOR THE YEAR.Q2 EARNINGS PER SHARE VIEW $0.14 -- THOMSON REUTERS I/B/E/S.  Full Article

First Reserve Announces Agreement To Acquire Dresser Natural Gas Solutions From Baker Hughes
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Baker Hughes A GE Co ::FIRST RESERVE ANNOUNCES AGREEMENT TO ACQUIRE DRESSER NATURAL GAS SOLUTIONS FROM BAKER HUGHES, A GE COMPANY.FIRST RESERVE SAYS BUSINESS OPERATIONS AND RELATED CLIENTS OF TALAMONA, DRESSER ITALIA S.R.L. WILL NOT BE INCLUDED IN SALE.FIRST RESERVE SAYS TRANSACTION TERMS WERE NOT DISCLOSED.  Full Article

Baker Hughes To Sell Natural Gas Solutions Business
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Baker Hughes A GE Co ::BAKER HUGHES, A GE COMPANY REACHES AGREEMENT TO SELL NATURAL GAS SOLUTIONS BUSINESS.BAKER HUGHES A GE CO - AGREEMENT TO SELL ITS NATURAL GAS SOLUTIONS (NGS) BUSINESS TO TWO SEPARATE ENTITIES FOR A COMBINED VALUE OF $375 MILLION.BAKER HUGHES A GE CO - AGREED TO SELL NGS PRODUCT LINE TO FIRST RESERVE.BAKER HUGHES A GE CO - TRANSACTION WITH FIRST RESERVE INCLUDES TRANSFER OF APPROXIMATELY 450 EMPLOYEES LOCATED IN EIGHT COUNTRIES.BAKER HUGHES A GE CO - AGREED TO SELL TALAMONA BRANCH OF ITS NGS PRODUCT LINE TO PIETRO FIORENTINI S.P.A..BAKER HUGHES A GE CO - PIETRO FIORENTINI S.P.A. DEAL INCLUDES TRANSFER OF ABOUT 40 EMPLOYEES AND MANUFACTURING SITE IN TALAMONA, ITALY.BAKER HUGHES A GE CO - FINANCIAL TERMS OF INDIVIDUAL AGREEMENTS WERE NOT DISCLOSED.  Full Article

GE Entered Credit Facility At Initial Aggregate Principal Commitment Of $19.8 Bln
Tuesday, 26 Jun 2018 

June 26 (Reuters) - General Electric Co ::GE - ON JUNE 22, GE ENTERED INTO UNSECURED CREDIT FACILITY WITH 6 BANKING ORGANIZATIONS AT INITIAL AGGREGATE PRINCIPAL COMMITMENT OF $19.8 BILLION.GENERAL ELECTRIC CO - ENTERED INTO UNSECURED CREDIT FACILITY TO INCREASE TOTAL EFFECTIVE AMOUNT AVAILABLE FROM ABOUT $37.5 BILLION TO ABOUT $40 BILLION.GE - ENTERED INTO UNSECURED CREDIT FACILITY TO EXTEND DURATION OF UNSECURED CREDIT FACILITIES TO ALIGN WITH EXECUTION TIMELINE FOR NEW STRATEGIC PLAN.GE SAYS UNSECURED CREDIT FACILITY MATURES ON DECEMBER 31, 2020 - SEC FILING.GE - UNSECURED CREDIT FACILITIES ENTERED INTO ON JAN 15, 2018 WERE TERMINATED UPON EXECUTION OF UNSECURED CREDIT FACILITY DATED JUNE 22.  Full Article

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Baker Hughes, GE fall after offering priced at discount

Oilfield services company Baker Hughes , majority owned by General Electric Co , said a previously announced share offering was priced at a discount of 3.4 percent, sending shares of both companies lower on Wednesday.