Baker Hughes, Cactus Announce Closing of Surface Pressure Control Joint Venture [Yahoo! Finance]
Baker Hughes Company (BKR)
Company Research
Source: Yahoo! Finance
HOUSTON and LONDON, Jan. 02, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR, “the Company”), an energy technology company, announced Friday the final closing of its previously announced joint venture with a subsidiary of Cactus, Inc., in which Baker Hughes has contributed its surface pressure control (SPC) product line. Cactus, a global manufacturer and service provider of pressure control equipment for oil and gas drilling, completion and production, holds a 65% equity in the joint venture, with Baker Hughes retaining a 35% stake. The completion of this transaction represents an important milestone in Baker Hughes' value-creation strategy, reinforcing the Company's commitment to disciplined portfolio management, operational execution and capital efficiency. This transaction enhances earnings and cash flow durability, enables the redeployment of capital toward higher-return opportunities, and provides cash proceeds to further strengthen the balance sheet, all within a rigorou
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- Baker Hughes (BKR) Maintains Outperform Rating Amid Hydrogen and LNG Project Wins [Yahoo! Finance]Yahoo! Finance
- Cactus Completes Previously Announced Acquisition of 65% Controlling Interest in Baker Hughes's Surface Pressure Control Business [Yahoo! Finance]Yahoo! Finance
- Baker Hughes, Cactus Announce Closing of Surface Pressure Control Joint VentureGlobeNewswire
- Baker Hughes (NASDAQ:BKR) Seems To Use Debt Quite Sensibly [Yahoo! Finance]Yahoo! Finance
- Baker Hughes' Quarterly Earnings Preview: What You Need to Know [Yahoo! Finance]Yahoo! Finance
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- 12/17/25 - Form 4
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- 12/17/25 - Form 4
- BKR's page on the SEC website