{
  "url": "https://struct.news/briefs/baker-hughes-is-building-a-counterparty-map-with-multiple-hats",
  "title": "Baker Hughes Is Building a Counterparty Map With Multiple Hats",
  "summary": "Crane is both a disclosed buyer and joint-venture partner. Cactus is a partner, GE Vernova a co-owner, and the lender list has two major banks.",
  "published_at": "2026-08-19T23:48:14.520789+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Baker Hughes Company",
    "ticker": "BKR",
    "cik": null,
    "sector": "Energy",
    "industry": null
  },
  "source_filing": null,
  "comparison_filing": null,
  "reported_figures": [
    {
      "group": "Baker Hughes’ disclosed counterparty map",
      "label": "FLS",
      "value": "FLS",
      "display": "FLS",
      "unit": "ticker",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-19"
      }
    },
    {
      "group": "Baker Hughes’ disclosed counterparty map",
      "label": "CR",
      "value": "CR",
      "display": "CR",
      "unit": "ticker",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-19"
      }
    },
    {
      "group": "Baker Hughes’ disclosed counterparty map",
      "label": "WHD",
      "value": "WHD",
      "display": "WHD",
      "unit": "ticker",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-19"
      }
    },
    {
      "group": "Baker Hughes’ disclosed counterparty map",
      "label": "CR",
      "value": "CR",
      "display": "CR",
      "unit": "ticker",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-19"
      }
    },
    {
      "group": "Baker Hughes’ disclosed counterparty map",
      "label": "JPM",
      "value": "JPM",
      "display": "JPM",
      "unit": "ticker",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-19"
      }
    },
    {
      "group": "Baker Hughes’ disclosed counterparty map",
      "label": "GS",
      "value": "GS",
      "display": "GS",
      "unit": "ticker",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-19"
      }
    }
  ],
  "watch_next": [
    {
      "type": "demand",
      "statement": "Customer bookings changed by region: +$110.0M North America, +$27.8M Latin America, +$16.6M Middle East, +$11.5M Asia Pacific; partially offset by -$21.1M Europe, -$11.1M Africa.",
      "importance": "medium",
      "evidence": "Customer bookings increased $110.0 million into North America, $27.8 million into Latin America, $16.6 million into the Middle East and $11.5 million into Asia Pacific, partially offset by decreased customer orders of $21.1 million into Europe, $11.1 million into Africa.",
      "source_date": "2026-07-29"
    },
    {
      "type": "customer_dependency",
      "statement": "Proceeds of approximately $1.2 billion from disposition of Precision Sensors & Instrumentation to Crane Company (CR).",
      "importance": "high",
      "evidence": "During the first quarter of 2026, the Company generated approximately $1.2 billion from the disposition of the Precision Sensors & Instrumentation business, a business within the Industrial Solutions product line of its IET segment, to Crane Company.",
      "source_date": "2026-07-27"
    },
    {
      "type": "partner_dependency",
      "statement": "Formation of joint venture with a Cactus subsidiary: company received $0.2 billion and a 35% noncontrolling interest in Surface Pressure Control business.",
      "importance": "high",
      "evidence": "The Company also received $0.2 billion from the formation of a joint venture with a subsidiary of Cactus, Inc. (\"Cactus\") whereby the Company contributed the Surface Pressure Control business, a business within the Subsea & Surface Pressure Systems product line of its OFSE segment, in exchange for cash consideration and 35% noncontrolling interest.",
      "source_date": "2026-07-27"
    },
    {
      "type": "interest_rates",
      "statement": "Interest expense, net was $73.0M for Q1 2026 (down $4.1M vs Q1 2025); monitor reported interest expense and its instrument-level components.",
      "importance": "medium",
      "evidence": "Interest expense, net decreased by $4.1 million for the three months ended March 31, 2026 compared to the three months ended March 31, 2025",
      "source_date": "2026-05-11"
    }
  ],
  "related_tickers": [
    "AI",
    "BKR",
    "CR",
    "FET",
    "FLS",
    "GEV",
    "GS",
    "GTLS",
    "JPM",
    "TPL",
    "VG",
    "WHD"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}