• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home Technology & Startups

Baker Hughes flags tariff impact on full-year core profit

April 22, 2025
in Technology & Startups
Reading Time: 2 mins read
A A
0
4
SHARES
9
VIEWS
Share on FacebookShare on Twitter


(Reuters) -U.S. oilfield technology firm Baker Hughes on Tuesday flagged a potential impact on its annual core profit of between $100 million and $200 million due to tariffs.

U.S. President Donald Trump’s trade policy has heightened uncertainty in the energy industry, as the ensuing trade war is expected to curb global economic growth and, subsequently, demand for energy.

Shares of the company were down 2.1% in after-market trade.

The company said the estimated impact is based on tariff rates applied during the 90-day pause and does not account for the potential hit of retaliatory tariffs or other levies that are not currently in place.

However, Baker Hughes beat Wall Street estimates for first-quarter profit helped by robust demand for natural gas technology.

With Big Tech pouring billions of dollars into artificial intelligence, the demand for electricity to feed power-hungry data centers has been increasing and, therefore, the demand for liquefied natural gas.

Baker Hughes has been trying to leverage its Industrial and Energy Technology (IET) portfolio to drive growth and expand its presence in the natural gas and LNG sectors.

Orders in Baker Hughes’ gas technology jumped 17%, lifting revenue in its IET segment to $2.93 billion.

The Houston-based company provides compressors, turbines, valves and other modular systems to customers for gas processing.

Baker Hughes is the least likely of the Big 3 oilfield services firms to be impacted by tariff-related uncertainties and commodity prices due to the “heavy backlog” in its IET segment, analysts had told Reuters in the run-up to the earnings season.

The company reported an adjusted profit of 51 cents per share for the three months ended March 31, compared with the analysts’ average expectation of 48 cents per share, according to data compiled by LSEG.

(Reporting by Mrinalika Roy and Tanay Dhumal in Bengaluru; Editing by Tasim Zahid and Alan Barona)

Tags: Baker HughesIEToilfield technology firmPresident Donald Trump
Previous Post

TVO’s The Agenda with Steve Paikin to end after 19 seasons

Next Post

Harvey Weinstein’s rape retrial to open with majority-female jury

Related Posts

US ethane curbs will make contracting to China harder, Energy Transfer says

August 6, 2025
8

Trump says semiconductors will face 100% tariff unless companies build in US

August 6, 2025
7
Next Post
Harvey Weinstein’s rape retrial to open with majority-female jury

Harvey Weinstein’s rape retrial to open with majority-female jury

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Police ID man who died after Corso Italia fight

December 23, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0

Victoria Mboko rallies past Elena Rybakina into Montreal final todayheadline

August 7, 2025

OppFi (OPFI) Q2 Revenue Jumps 13% todayheadline

August 7, 2025
Oil prices rise on US demand strength, though sanctions uncertainty remains

Oil prices rise on US demand strength, though sanctions uncertainty remains todayheadline

August 7, 2025

Sri Lanka electricity law amended amid opposition concerns todayheadline

August 7, 2025

Recent News

Victoria Mboko rallies past Elena Rybakina into Montreal final todayheadline

August 7, 2025
1

OppFi (OPFI) Q2 Revenue Jumps 13% todayheadline

August 7, 2025
1
Oil prices rise on US demand strength, though sanctions uncertainty remains

Oil prices rise on US demand strength, though sanctions uncertainty remains todayheadline

August 7, 2025
4

Sri Lanka electricity law amended amid opposition concerns todayheadline

August 7, 2025
6

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

Victoria Mboko rallies past Elena Rybakina into Montreal final todayheadline

August 7, 2025

OppFi (OPFI) Q2 Revenue Jumps 13% todayheadline

August 7, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co