Baker Hughes secures 16-unit power deal: Baker Hughes stock has USD 54.0 billion value

Published on 10/16/2026 at 10:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Baker Hughes will supply turbines for up to 16 power islands. Baker Hughes stock trades at EUR 48.52 on October 16, 2026, with USD 54.0 billion in market value.

Power capacity and reporting dates

Baker Hughes announced a framework for up to 16 power islands on October 15, 2026.
Second-quarter revenue was USD 6.74 billion versus USD 6.91 billion a year earlier.
Baker Hughes stock trades at EUR 48.52 at 10:37 a.m. CEST at Lang & Schwarz on October 16, 2026.

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Baker Hughes Company (ISIN US05722G1004) is trading at EUR 48.52 at Lang & Schwarz on October 16, 2026 at 10:37 a.m. CEST. On October 15, 2026, Baker Hughes announced a framework with Venture Global and GE Vernova covering up to 16 power island units.

Power framework reaches 16 units

The agreement covers gas turbines, steam turbines, related equipment and services, plus controls and electrical integration technology. Deliveries are scheduled from 2028 through 2034, while Venture Global expects to place the first purchase order by the end of 2026.

The framework extends Baker Hughes' LNG power technology into industrial power and potential data-center applications. It is a supply opportunity rather than a disclosed order value, so the number of units is the clearest measurable indicator for investors.

What does the latest quarter show?

For the quarter ended June 30, 2026, Baker Hughes reported revenue of USD 6.74 billion and net profit of USD 682 million, compared with USD 6.91 billion and USD 701 million a year earlier, according to Markets Insider on October 15, 2026. The comparison points to lower reported revenue and profit in the second quarter, even as the new partnership adds a longer-term industrial demand angle.

Three dates frame the stock

On July 27, 2026, Baker Hughes released second-quarter results with USD 6.74 billion in revenue. On September 28, 2026, the company scheduled its third-quarter release for October 27, 2026, in an Baker Hughes announcement. The current event came on October 15, 2026, with the 16-unit power framework.

The next disclosed dates are October 27, 2026, for the third-quarter earnings release, and October 28, 2026, for the results webcast, according to Baker Hughes.

Stock value and operating scale

Baker Hughes operates in energy technology, including oilfield services, liquefied natural gas and industrial technology. Its market capitalization was USD 54.0 billion as of October 15, 2026, while the company profile identifies NASDAQ as its primary listing and BKR as its ticker.

The stock was trading at EUR 48.52 at Lang & Schwarz on October 16, 2026 at 10:37 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Baker Hughes stock.