Baker Hughes (BKR) Stock News: September 2026

Baker Hughes reported a rise in total US rig count to 595 from 591, indicating a slight uptick in drilling activity. The change is incremental and unlikely to shift market sentiment sharply.

Baker Hughes landed a contract to supply 13 gas compression systems for the Cloud Connect Pipeline and four liquefaction blocks for the Plaquemines LNG facility. The deal underscores continued large-scale investment in US LNG export infrastructure and provides a revenue catalyst for Baker Hughes' industrial & energy equipment segment.