Baker Hughes receives contract for LNG equipment from Technip Energies, supporting Commonwealth LNG's export facility in Louisiana.
Quiver AI Summary
Baker Hughes announced that it has received a Full Notice To Proceed from Technip Energies to provide primary liquefaction equipment for the Commonwealth LNG export facility being developed in Cameron, Louisiana, which aims to produce 9.5 million tonnes per annum of LNG. The order includes six mixed refrigerant turbomachinery trains utilizing LM9000 gas turbines paired with centrifugal compressors, emphasizing efficiency and lower carbon intensity. This collaboration builds on an existing strategic agreement between Commonwealth LNG and Baker Hughes to deliver advanced equipment and services, enhancing the facility's capability to meet global energy demands sustainably. The announcement highlights the commitment of all parties involved to advance the project, which is integral to the expansion of natural gas infrastructure in the U.S.
Potential Positives
- Baker Hughes received a Full Notice To Proceed from Technip Energies for the supply of liquefaction equipment for a significant LNG export facility in Cameron, Louisiana, enhancing its position in the LNG market.
- The project utilizes Baker Hughes’ LM9000 gas turbines, recognized for their high efficiency and lower carbon intensity, aligning with global trends toward more sustainable energy solutions.
- This award builds on the strategic partnership between Commonwealth LNG and Baker Hughes, demonstrating strong collaborative efforts to meet growing global demand for LNG.
- The inclusion of commissioning services and a full string test in the project ensures a commitment to quality and reliability in the delivery of critical energy infrastructure.
Potential Negatives
- Dependency on the success of the Commonwealth LNG project, which may pose risks if the project faces delays or financing challenges.
- Potential environmental concerns associated with LNG production, which may affect public perception and regulatory scrutiny.
FAQ
What is the purpose of Baker Hughes' recent LNG equipment award?
Baker Hughes was awarded to supply primary liquefaction equipment for Commonwealth LNG's export facility in Cameron, Louisiana.
How many gas turbines are included in the Technip Energies project?
The project includes six LM9000 gas turbines paired with centrifugal compressors for enhanced efficiency and reliability.
What technology is being utilized for the LNG production?
The project leverages Baker Hughes' LM9000 gas turbines, known for their efficiency and lower carbon intensity in LNG production.
What is the capacity of the Commonwealth LNG export facility?
The Commonwealth LNG export facility is designed for a capacity of 9.5 million tonnes per annum (MTPA).
What does the collaboration between Baker Hughes and Technip Energies signify?
This collaboration aims to advance the Commonwealth LNG project toward its final investment decision and address global energy demands.
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 Insider Trading Activity
$BKR insiders have traded $BKR stock on the open market 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 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) sold 50,362 shares for an estimated $2,361,474
- SREEGANESH RAMASWAMY (EVP, Industrial & Energy Tech) sold 25,000 shares for an estimated $1,250,000
- JAMES E APOSTOLIDES (Chief Infra & Performance Ofcr) sold 6,216 shares for an estimated $310,800
- REBECCA L CHARLTON (SVP, Controller & CAO) has made 0 purchases and 3 sales selling 1,778 shares for an estimated $85,721.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$BKR Revenue
$BKR had revenues of $7B in Q3 2025. This is an increase of 1.48% from the same period in the prior year.
You can track BKR financials on Quiver Quantitative's BKR stock page.
$BKR Hedge Fund Activity
We have seen 489 institutional investors add shares of $BKR stock to their portfolio, and 502 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL INTERNATIONAL INVESTORS added 14,976,782 shares (+inf%) to their portfolio in Q3 2025, for an estimated $729,668,819
- JPMORGAN CHASE & CO removed 7,959,042 shares (-7.2%) from their portfolio in Q3 2025, for an estimated $387,764,526
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 6,641,769 shares (+62.4%) to their portfolio in Q3 2025, for an estimated $323,586,985
- ALLIANCEBERNSTEIN L.P. removed 3,770,710 shares (-37.5%) from their portfolio in Q3 2025, for an estimated $183,708,991
- CAPITAL WORLD INVESTORS added 3,153,709 shares (+7.1%) to their portfolio in Q3 2025, for an estimated $153,648,702
- VICTORY CAPITAL MANAGEMENT INC removed 2,607,165 shares (-22.8%) from their portfolio in Q3 2025, for an estimated $127,021,078
- NORGES BANK added 2,289,989 shares (+11.3%) to their portfolio in Q2 2025, for an estimated $87,798,178
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$BKR Analyst Ratings
Wall Street analysts have issued reports on $BKR in the last several months. We have seen 10 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- TD Cowen issued a "Buy" rating on 10/27/2025
- Barclays issued a "Overweight" rating on 10/27/2025
- Stifel issued a "Buy" rating on 10/27/2025
- Citigroup issued a "Buy" rating on 10/08/2025
- 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
To track analyst ratings and price targets for $BKR, check out Quiver Quantitative's $BKR forecast page.
$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 $55.0.
Here are some recent targets:
- Josh Silverstein from UBS set a target price of $54.0 on 12/12/2025
- Scott Gruber from Citigroup set a target price of $61.0 on 12/11/2025
- Lloyd Byrne from Jefferies set a target price of $59.0 on 11/20/2025
- Marc Bianchi from TD Cowen set a target price of $57.0 on 10/27/2025
- David Anderson from Barclays set a target price of $55.0 on 10/27/2025
- Stephen Gengaro from Stifel set a target price of $52.0 on 10/27/2025
- Derek Podhaizer from Piper Sandler set a target price of $52.0 on 10/16/2025
Full Release
- Award from Technip Energies covers 6 mixed refrigerant turbomachinery trains for LNG production in Cameron, Louisiana
- LM9000 gas turbines paired with centrifugal compressors to deliver high efficiency, reliability, and lower carbon intensity
-
Order builds on strategic agreement between Commonwealth LNG and Baker Hughes for advanced equipment, services, and digital solutions
HOUSTON and LONDON, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday it received a Full Notice To Proceed from Technip Energies on behalf of Commonwealth LNG to supply primary liquefaction equipment for Commonwealth LNG’s 9.5 million tonnes per annum (MTPA) export facility currently under development in Cameron, Louisiana.
The award, which includes six refrigerant turbo compressors comprising LM9000 aeroderivative gas turbines paired with centrifugal compressors, leverages Baker Hughes’ proven, best-in-class LNG technologies to support Technip Energies and Commonwealth LNG. Baker Hughes’ established collaboration with both companies will help ensure the efficient delivery of Commonwealth LNG’s state-of-the-art export facility, designed to meet the growing global demand for reliable, lower-carbon LNG.
“This significant capital investment in the Commonwealth LNG platform is a key milestone, along with the financing process, which is well underway, and illustrates our level of commitment to developing this global-scale LNG project,” said Caturus Chief Executive Officer David Lawler. “The Commonwealth project is a crucial component of Caturus’ wellhead-to-water strategy, and this is another important step toward building the nation’s leading independent integrated natural gas company.”
“Building on our long-standing relationship with Baker Hughes, this award for critical liquefaction equipment marks another significant milestone in advancing the Commonwealth LNG project toward its final investment decision,” said Arnaud Pieton, CEO of Technip Energies. “This progress reflects our strong collaboration with our customer Commonwealth LNG and our equipment partners. I look forward to our teams working together to deliver a world-class modular LNG facility, enhancing energy security while addressing growing global demand for gas and LNG."
“Delivering our LM9000 technology to Commonwealth LNG is an additional milestone that demonstrates the strength of Baker Hughes’ proven capabilities across the LNG value chain,” said Baker Hughes Chairman and CEO Lorenzo Simonelli. “This award underscores our commitment to enabling energy infrastructure that is critical to support sustainable energy development, delivering affordable and reliable energy to meet growing global demand.”
The LM9000 is the most efficient gas turbine in its power class (70+ MW range) with more than 44% efficiency in ISO conditions. Its mean time between maintenance (MTBM) and a compact package design enable simplified maintenance, extended service intervals, high availability, and fast installation and commissioning. The scope also includes commissioning services, capital spares, extended warranty, and a full string test.
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
.
For more information, please contact:
Media Relations
Chiara Toniato
+39 3463823419
[email protected]
Investor Relations
Chase Mulvehill
+1 346-297-2561
[email protected]