Baker Hughes: NASDAQ:BkrHe is one of 12 The best natural gas stocks to buy according to analysts.
Drilling platform on a remote oil field, its tower is shaded for sunset.
Baker Hughes (NASDAQ: BKR) recently announced that it had agreed to obtain Continental Disc Corporation, a pioneering provider for the critical pressure management solutions, in a cash deal approximately $ 540 million. The transaction is scheduled to be closed in the fourth quarter of 2025, pending the usual conditions and organizational approvals.
Lorenzo Simonley, Chairman and CEO of Baker Hughes (NASDAQ: BKR), mentioned:
“We are excited to enhance our industrial portfolio and expand our processing market with the addition of the critical pressure management solutions established in the Center for Disease Control. As well as the recently announced Spc and PSI transactions, this acquisition sets a plan for our wallet improvement strategy-focus on paying the long-term returns for our shareholders.”
Baker Hughes (NASDAQ: BKR) is largely involved in the natural gas sector, especially in the processing of liquefied natural gas and gas. Last month, the company announced a prize from the Frontier Infrastructure Holdings Award for 16 NOVALT ™ Gas Turbines to operate its Wyoming and Texas data center projects, providing up to 270 megawatts of effective and reliable energy.
Earlier this year, Baker Hughes has also signed an agreement with Venture Global to support its LNG projects in the United States with technology and equipment. The Energy Technology Company has also ended the service framework agreement to support phases 1 and 2 of the Venture Global project in Louisiana.
Baker Hughes (NASDAQ: BKR) is a energy technology company that provides solutions to customers and industrialists worldwide.
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