Baker Hughes Awarded Contract by Bechtel for Liquefaction Equipment Supply at Port Arthur LNG Phase 2 Project

Baker Hughes has been awarded a contract by Bechtel to supply equipment for the Port Arthur LNG Phase 2 project.

Quiver AI Summary

Baker Hughes has been awarded a contract by Bechtel to provide essential liquefaction equipment for Sempra Infrastructure’s Port Arthur LNG Phase 2 project in Texas. The equipment includes four Frame 7 gas turbines and eight centrifugal compressors, which will support a nameplate capacity of approximately 13 million tonnes per annum (MTPA). Additionally, Baker Hughes will supply two electric motor-driven compressors for booster services at the plant. This collaboration builds on their previous work for Phase 1 of the project and aims to expand the U.S. export infrastructure for liquefied natural gas (LNG) in response to growing global demand. Both companies emphasize their commitment to providing efficient and reliable LNG technology solutions that enhance production levels while minimizing emissions.

Potential Positives

Contract awarded to supply liquefaction equipment for a significant LNG project, indicating strong business relationships and trust in Baker Hughes' technology.
Expansion of LNG capacity at Port Arthur LNG emphasizes Baker Hughes' role in meeting global demand for liquefied natural gas.
Continued collaboration with Bechtel and Sempra Infrastructure showcases Baker Hughes' reliability and expertise in the LNG sector.
Project promotes energy efficiency and lower emissions, aligning with global sustainability goals and enhancing Baker Hughes' market reputation.

Potential Negatives

None

FAQ

What is the recent contract awarded to Baker Hughes about?

Baker Hughes has been awarded a contract by Bechtel to supply liquefaction equipment for the Port Arthur LNG Phase 2 project in Texas.

What equipment will Baker Hughes supply for the LNG project?

Baker Hughes will provide four Frame 7 gas turbines, eight centrifugal compressors, and two motor-driven compressors for the LNG project.

What is the capacity supported by the liquefaction equipment?

The equipment supports a nameplate capacity of approximately 13 million tonnes per annum (MTPA) for the LNG facility.

How does this project impact the global LNG market?

This project expands critical LNG export infrastructure in the U.S. to meet the growing global demand for liquefied natural gas.

What is Baker Hughes's role in the LNG industry's future?

Baker Hughes aims to provide efficient, reliable LNG technology solutions that strengthen the global gas value chain and ensure a consistent energy supply.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$BKR Congressional Stock Trading

Members of Congress have traded $BKR stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $BKR stock by members of Congress over the last 6 months:

REPRESENTATIVE LISA C. MCCLAIN sold up to $15,000 on 06/10.

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$BKR Insider Trading Activity

$BKR insiders have traded $BKR stock on the open market 10 times in the past 6 months. Of those trades, 0 have been purchases and 10 have been sales.

Here’s a breakdown of recent trading of $BKR stock by insiders over the last 6 months:

LORENZO SIMONELLI (Chairman, President and CEO) sold 526,568 shares for an estimated $23,390,150
MARIA C BORRAS (Chief Growth & Experience Ofcr) has made 0 purchases and 3 sales selling 110,282 shares for an estimated $4,662,644.
SREEGANESH RAMASWAMY (EVP, Industrial & Energy Tech) sold 25,000 shares for an estimated $1,250,000
JAMES E APOSTOLIDES (Chief Infra & Performance Ofcr) has made 0 purchases and 2 sales selling 10,016 shares for an estimated $449,462.
REBECCA L CHARLTON (SVP, Controller & CAO) has made 0 purchases and 3 sales selling 7,500 shares for an estimated $304,940.

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$BKR Hedge Fund Activity

We have seen 396 institutional investors add shares of $BKR stock to their portfolio, and 482 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO added 12,950,537 shares (+13.2%) to their portfolio in Q2 2025, for an estimated $496,523,588
CAPITAL WORLD INVESTORS added 11,035,444 shares (+33.1%) to their portfolio in Q2 2025, for an estimated $423,098,922
FMR LLC removed 7,973,901 shares (-40.0%) from their portfolio in Q2 2025, for an estimated $305,719,364
DEUTSCHE BANK AG\ removed 4,192,663 shares (-51.2%) from their portfolio in Q2 2025, for an estimated $160,746,699
AQR CAPITAL MANAGEMENT LLC removed 4,118,129 shares (-75.5%) from their portfolio in Q2 2025, for an estimated $157,889,065
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC added 3,514,397 shares (+68.5%) to their portfolio in Q2 2025, for an estimated $134,741,980
PRICE T ROWE ASSOCIATES INC /MD/ removed 3,502,071 shares (-31.3%) from their portfolio in Q2 2025, for an estimated $134,269,402

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$BKR Analyst Ratings

Wall Street analysts have issued reports on $BKR in the last several months. We have seen 12 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Melius Research issued a "Buy" rating on 08/20/2025
Evercore ISI Group issued a "Outperform" rating on 07/30/2025
BMO Capital issued a "Outperform" rating on 07/30/2025
Morgan Stanley issued a "Overweight" rating on 07/29/2025
Susquehanna issued a "Positive" rating on 07/24/2025
Barclays issued a "Overweight" rating on 07/24/2025
Stifel issued a "Buy" rating on 07/16/2025

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$BKR Price Targets

Multiple analysts have issued price targets for $BKR recently. We have seen 13 analysts offer price targets for $BKR in the last 6 months, with a median target of $52.0.

Here are some recent targets:

James West from Melius Research set a target price of $60.0 on 08/20/2025
Josh Silverstein from UBS set a target price of $46.0 on 07/30/2025
Phillip Jungwirth from BMO Capital set a target price of $53.0 on 07/30/2025
James West from Evercore ISI Group set a target price of $55.0 on 07/30/2025
Connor Lynagh from Morgan Stanley set a target price of $55.0 on 07/29/2025
Charles Minervino from Susquehanna set a target price of $52.0 on 07/24/2025
David Anderson from Barclays set a target price of $53.0 on 07/24/2025

Full Release

Contract awarded by Bechtel to supply primary liquefaction equipment for two trains, including four Frame 7 gas turbines and eight centrifugal compressors
Baker Hughes will also provide two motor-driven compressors for the plant’s booster services
Technology solution supports a nameplate capacity of approximately 13 million tonnes per annum (MTPA)

HOUSTON and LONDON, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday an award from engineering company Bechtel Energy Inc. (Bechtel) to supply key liquefaction equipment for Sempra Infrastructure’s Port Arthur LNG Phase 2 project in Jefferson County, Texas.

Building upon the technology solutions provided for Phase 1 , Baker Hughes’ scope for Phase 2 includes four Frame 7 turbines paired with eight centrifugal compressors across two LNG trains, supporting a nameplate capacity of approximately 13 million tonnes per annum (MTPA). Additionally, Baker Hughes will provide two electric motor-driven compressors for the plant’s booster services. With this project, Sempra Infrastructure is expanding critical new export infrastructure in the U.S. to address ongoing global demand growth for liquefied natural gas (LNG).

"Building on our successful collaboration with Baker Hughes on Phase 1 of the Port Arthur LNG project, we look forward to achieving more LNG project milestones together," said Bhupesh Thakkar, general manager for Bechtel’s LNG business. "Baker Hughes’ technology solutions play a key role in our ability to enable the expansion of LNG capacity at Port Arthur LNG."

"We are delighted to continue as a key technology provider to Bechtel and Sempra Infrastructure in the ongoing expansion of the U.S. Gulf Coast LNG complex," said Ganesh Ramaswamy, executive vice president of Industrial & Energy Technology at Baker Hughes. "This award builds on our track record of providing efficient, reliable LNG technology solutions that strengthen the global gas value chain and support a consistent supply of energy worldwide."

Baker Hughes’ proven gas technology solutions in Port Arthur LNG Phases 1 and 2 provide Sempra Infrastructure with optimum production levels consistent with each plant's design, as well as operational flexibility, high availability, and a lower emission footprint. The Frame 7 gas turbine is recognized for its energy efficiency, reliability and maintainability.

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 .

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