Baker Hughes Co. – Recent Developments and Performance Overview

Stock Performance and Historical Returns

  • Current Trading Level: As of 2025‑10‑23, the share price closed at $47.30.
  • Historical Benchmark: The 52‑week high was $50.93 (2025‑09‑25) and the 52‑week low $33.60 (2025‑04‑06).
  • Long‑Term Return: A comparison of the share price five years ago (closing at $14.17 on 2020‑10‑24) with the current price shows a cumulative gain of 233.80 %. An initial investment of $100 would have yielded 333.80 USD today, translating to a 233.80 % increase.
  • Valuation Metrics: The price‑earnings ratio stands at 16.29.

Q3 2025 Earnings Highlights

  • Financial Performance: In the latest earnings call, Baker Hughes reported strong EBITDA growth and a record backlog of in‑process engineering, procurement, and construction (IET) orders.
  • Strategic Growth: The company emphasized continued investment in technology platforms and the expansion of its service portfolio, aligning with global energy transition trends.
  • Macroeconomic Context: Management acknowledged ongoing macroeconomic pressures, noting resilient demand across key regions.

Expansion of Coiled Tubing Operations in Saudi Arabia

  • Aramco Partnership: Baker Hughes secured an award from Saudi Aramco to expand integrated under‑balanced coiled tubing drilling (UBCTD) operations across the Kingdom.
  • Operational Scope: The partnership will extend the company’s UBCTD footprint, enhancing drilling efficiency and reducing non‑productive time for Aramco’s upstream assets.
  • Strategic Implications: This contract strengthens Baker Hughes’ presence in the Middle East and reinforces its position as a leading provider of drilling technologies.

U.S. Rig Count and Market Outlook

  • Rig Count Increase: The company reported a rise in the U.S. rig count, signaling heightened drilling activity in North America.
  • Market Dynamics: The uptick aligns with broader industry momentum following recent price recoveries in crude oil markets, potentially boosting Baker Hughes’ service demand.

Nasdaq Market Context

  • Nasdaq 100 Performance: On 2025‑10‑24, the Nasdaq 100 index finished the day 1.04 % higher, reaching 25,358.16 points.
  • Implications for Energy Stocks: The broader technology‑heavy index’s gains reflect positive investor sentiment, which may support equity valuations across the sector, including Baker Hughes.

Summary

Baker Hughes Co. has demonstrated robust financial performance in Q3 2025, bolstered by a record backlog and strategic expansion in key markets such as Saudi Arabia. The company’s stock has delivered substantial long‑term returns, and recent operational developments, coupled with a positive macro‑environment and increasing U.S. rig activity, suggest continued growth prospects for the energy equipment and services sector.