BKR

Venture Global announced power and grid frame agreements with GE Vernova and Baker Hughes to develop up to 16 power island units of 720 MW each. The deal supports VG's LNG growth and potential expansion into data center power, with the first order expected by late 2026 and up to 10 GW of compute capacity possible by 2034.

Baker Hughes is expected to report Q3 2026 earnings of $0.64 per share, representing a 5.9% year-over-year decline, though revenues are projected to rise 10.8% to $7.77 billion. With an Earnings ESP of 0% and a Zacks Rank #1, the stock is not considered a compelling earnings-beat candidate. However, the company has beaten consensus estimates in all four of the last quarters, most recently delivering a +25.49% surprise.

Zacks analysts published research on 12 major stocks and microcaps on October 16, 2026. Costco benefits from its membership model and omnichannel strength, Disney faces near-term headwinds despite strong IP, Marriott shows outperformance with travel demand tailwinds, Park Aerospace benefits from aerospace demand, and Flanigan's offers valuation potential despite cost pressures. Additional coverage includes JPMorgan, Lockheed Martin, Baker Hughes, and others with mixed outlooks.

Baker Hughes (BKR) has demonstrated a strong track record of beating earnings estimates, with an average surprise of 20.75% over the last two quarters. The company has a positive Earnings ESP of +1.15% combined with a Zacks Rank #1 (Strong Buy) rating, suggesting a high probability of another earnings beat in its October 27, 2026 report. Stocks with this combination historically beat consensus estimates nearly 70% of the time.

The article explains how to use the Zacks Earnings ESP (Expected Surprise Prediction) filter to identify stocks likely to beat earnings expectations. It highlights that combining a Zacks Rank #3 or better with positive ESP has historically produced 28.3% annual returns. Two energy stocks are featured as examples: Occidental Petroleum with a +2.25% ESP and Baker Hughes with a +1.15% ESP, both expected to report earnings soon.

Baker Hughes is doubling production capacity of its Integrated Compressor Line (ICL) at its Le Creusot facility in France. The electrically driven ICL compressors eliminate operational emissions and oil lubrication requirements, reducing emissions by up to 99% when powered by renewable electricity. The expansion strengthens BKR's manufacturing capabilities and positions it to capture growing demand for energy-efficient compression technologies.

Pulsar Helium announced its development strategy for a commercial-scale helium purification and liquefaction plant combined with a CO₂ processing facility in Minnesota. The company accepted a binding proposal from Chart Energy & Chemicals (Baker Hughes subsidiary) for US$85.5 million in equipment supply. Pulsar plans to fund the project primarily through project-level debt and public-sector financing, supplemented by existing cash resources, while pursuing discussions with University Bank, DEED, USDA Rural Development, and Minnesota's IRRR for financing support.

A comparison of two Oil and Gas - Field Services stocks, Drilling Tools International Corp. (DTI) and Baker Hughes (BKR), both holding Zacks Rank #1 (Strong Buy). While both have positive earnings outlooks, DTI emerges as the superior value option based on valuation metrics including a lower forward P/E ratio (20.10 vs 21.74), better PEG ratio (2.23 vs 2.66), and significantly lower P/B ratio (0.59 vs 2.78), earning a Value grade of B compared to BKR's D grade.

Baker Hughes has signed two strategic agreements to support Venezuela's energy infrastructure redevelopment, including partnerships with PDVSA, Lindsayca, and Fulcrum LNG for gas infrastructure and LNG development, as well as a memorandum of understanding with New Stratus Energy for upstream oil and gas prospects. The agreements expand BKR's exposure across the energy value chain while leveraging its 60-year operating presence in Venezuela, though execution remains subject to regulatory approvals and U.S. sanctions compliance.

The article highlights two energy stocks with positive Earnings Surprise Prediction (ESP) figures that could potentially beat their upcoming earnings estimates. Baker Hughes (BKR) holds a Strong Buy rating with a +1.04% ESP ahead of its October 27, 2026 earnings report, while SolarEdge Technologies (SEDG) has a Hold rating with a +77.78% ESP before its November 4, 2026 earnings release. Both stocks are positioned as candidates for positive earnings surprises based on the Zacks ESP methodology.

Baker Hughes will announce third quarter 2026 results on October 27, 2026, with a webcast discussion scheduled for October 28. The company has secured significant orders including gas compression systems for the Cloud Connector Pipeline project with Venture Global, a modular liquefaction solution for Plaquemines LNG facility, and an offshore production enhancement contract with bp for UK North Sea operations.

SLB N.V. reported Q3 2026 adjusted EPS of 64 cents, beating estimates by 3.2%, with revenues of $9.45 billion up 5.8% year-over-year. Production Systems revenues surged 15% to $4 billion driven by ChampionX contributions, while Data Center Solutions revenues jumped 76%.

The company generated $828 million in free cash flow and repurchased $656 million in shares. However, margin pressure persisted with adjusted EBITDA margin contracting 121 basis points, and management expects stronger growth in 2027 supported by international activity and the planned Kelvion acquisition.

Kinder Morgan (KMI) beat Q3 2026 earnings expectations with adjusted EPS of 35 cents (up 20.7% YoY) and revenues of $4.53 billion (up 9.3% YoY). The company achieved record EBITDA of $2.18 billion, driven by higher natural gas transportation and gathering volumes. With a $14.4 billion project backlog and improved 2026 guidance expecting EBITDA to exceed budget by over 6%, KMI raised its quarterly dividend by 2%.

ProPetro Holding is expected to report flat earnings compared to the year-ago quarter with higher revenues when it releases Q3 2026 results on October 28. The company has a positive Earnings ESP of +33.33% combined with a Zacks Rank #3 (Hold), suggesting it will likely beat consensus EPS estimates. However, investors should consider other factors beyond earnings surprises when making investment decisions.

SLB is set to report Q3 2026 earnings on October 23 with a projected 10.1% earnings decline to 62 cents per share, despite a 4.04% revenue increase. While higher oil prices may support demand for oilfield services, the company's negative Earnings ESP of -1.45% suggests caution about beating expectations. The company has beaten estimates in four consecutive quarters.

Kinder Morgan (KMI) is set to report Q3 2026 earnings on Oct. 21 with EPS expected to rise 13.8% to 33 cents and revenues projected to climb 5.7% to $4.38 billion. The company's stable, fee-based business model and strong natural gas demand from LNG exports and industrial use are expected to drive performance. KMI has a positive Earnings ESP of +1.52% but carries a Zacks Rank #3.

Liberty Energy (LBRT) is set to report Q3 2026 earnings on October 21 with consensus estimates of 10 cents EPS and $1.19B in revenues. While the company benefits from strong fleet utilization and pricing improvements, rising operating costs, oil price volatility, and increased capital expenditures pose headwinds. The Zacks model does not predict an earnings beat given a negative Earnings ESP of -11.86% and Zacks Rank #3.

Pulsar Helium Inc. announced that Two Harbors, Minnesota's City Council has approved a Purchase and Development Agreement for the company's proposed Rare Gas Hub facility. The agreement allows Pulsar to acquire industrial land for $1.00, with the city providing up to $1 million in infrastructure support and a 15-year property tax abatement. The project remains subject to financing, environmental review, and regulatory approvals, with a 365-day due diligence period before formal project commitment.

The iShares U.S. Oil Equipment & Services ETF (IEZ) is a passively managed fund offering exposure to the energy equipment and services sector. With a low expense ratio of 0.37%, strong year-to-date performance of 31.13%, and a Zacks ETF Rank of 2 (Buy), it presents a viable option for investors seeking sector exposure. However, the fund carries high risk with a standard deviation of 29.97% and concentrated holdings, with top 10 holdings accounting for 73.45% of assets.

Phillips 66 (PSX) has seen its 2026 and 2027 earnings estimates increase significantly by 36.5% and 50.4% respectively, driven by strong refining margins, high utilization rates at 96%, and improved cash flow generation. The company reduced net debt to $16.5B and returned $1.67B to shareholders in the first half, while diversified earnings across Midstream, Chemicals, and Renewable Fuels segments support continued momentum.