Baker Hughes

BKR

Market cap $59.7B

Wall Street sees more gains ahead for companies that can help protect against future energy shocks like this one.

Based in Germany, Waygate Technologies provides specialty testing and inspection technologies that evaluate the structural integrity of materials across various industries.

Baker Hughes has agreed to sell its Waygate Technologies unit to Swedish industrial technology group Hexagon for approximately $1.45 billion in cash, the companies said on Monday. The transaction, which remains subject to customary closing conditions and regulatory approvals, is expected to be completed in the second half of 2026.

Oilfield services ​provider Baker ‌Hughes said ​on ​Monday it sold ⁠its ​Waygate Technologies ​unit to Swedish industrial ​technology ​group Hexagon in ‌an ⁠all-cash transaction for ​about $1.45 ​billion.

HOUSTON and LONDON, April 13, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR, “the Company”), an energy technology company, announced Monday that it has entered into an agreement to sell its Waygate Technologies business to Hexagon, a global leader in measurement technologies. The all-cash transaction is valued at approximately $1.45 billion, before customary closing adjustments.

Baker Hughes stock price has soared and is now nearing its all-time high, a trend that may continue as demand for its products and services surges. BKR is trading at $63, a few points below the all-time high of $67.

Companies like SLB and Baker Hughes should benefit from postconflict repairs to oil infrastructure and increased output.

Q1 2026 was an exceptional quarter for energy stocks thanks to war in the Middle East, but Q2 2026 is not guaranteed to step in its footsteps. Energy prices can go higher and push the sector higher, but they do not have to if the U.S. can neutralize Iran's ability to project force. While energy stocks are benefiting from the fighting in the short term, it may actually come back to hurt them in the long run.

HOUSTON and LONDON, April 07, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Tuesday it has secured a strategic order from San Matias Pipeline S.A. to supply three gas compression units for a major natural gas pipeline project in Argentina. The order consists of three NovaLT™16 gas turbines equipped with three centrifugal compressors, along with commissioning services, spare parts, special tools, and remote monitoring and diagnostic capabilities. This equipment will be installed at a gas compressor station near Allen, Río Negro, to support the transportation of natural gas from the Vaca Muerta formation to the Gulf of San Matias through a dedicated pipeline, providing feed gas to Southern Energy's two floating LNG vessels.

U.S. energy firms this week added to the number of oil and natural gas rigs operating for the first time in ​three weeks, energy services firm Baker Hughes said on Thursday.