Subtext

Baker Hughes Company BKR

SectorEnergy
Transcripts66
Date range2007-07-27 – 2025-04-23
Calls charted66

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-31-15+0+15+312007 Q22009 Q32011 Q42014 Q12017 Q42020 Q12022 Q22024 Q32007 Q2 · Overall: +4.02007 Q3 · Overall: +8.32007 Q4 · Overall: +4.92008 Q1 · Overall: +7.12008 Q2 · Overall: +10.82008 Q3 · Overall: +0.12008 Q4 · Overall: +1.22009 Q1 · Overall: -2.52009 Q2 · Overall: +1.92009 Q3 · Overall: +4.32009 Q4 · Overall: +8.32010 Q1 · Overall: +6.22010 Q2 · Overall: +4.62010 Q3 · Overall: +5.72010 Q4 · Overall: +6.92011 Q1 · Overall: +6.82011 Q2 · Overall: +9.02011 Q3 · Overall: +8.02011 Q4 · Overall: +0.72012 Q1 · Overall: +1.62012 Q2 · Overall: +6.92012 Q3 · Overall: +1.72012 Q4 · Overall: +8.52013 Q1 · Overall: +9.22013 Q2 · Overall: +9.32013 Q3 · Overall: +12.12013 Q4 · Overall: +10.82014 Q1 · Overall: +12.12014 Q2 · Overall: +10.82014 Q3 · Overall: +2.52014 Q4 · Overall: +4.82016 Q2 · Overall: +7.12016 Q3 · Overall: +6.92016 Q4 · Overall: +5.02017 Q1 · Overall: +6.12017 Q3 · Overall: +7.22017 Q4 · Overall: +18.12018 Q1 · Overall: +7.62018 Q2 · Overall: +15.62018 Q3 · Overall: +19.72018 Q4 · Overall: +16.12019 Q1 · Overall: +15.22019 Q2 · Overall: +19.82019 Q3 · Overall: +7.92019 Q4 · Overall: +12.92020 Q1 · Overall: -6.32020 Q2 · Overall: +8.72020 Q3 · Overall: +9.72020 Q4 · Overall: +7.32021 Q1 · Overall: +15.02021 Q2 · Overall: +16.42021 Q3 · Overall: +11.12021 Q4 · Overall: +18.32022 Q1 · Overall: +12.72022 Q2 · Overall: +5.42022 Q3 · Overall: +9.42022 Q4 · Overall: +10.52023 Q1 · Overall: +15.72023 Q2 · Overall: +19.52023 Q3 · Overall: +16.72023 Q4 · Overall: +17.02024 Q1 · Overall: +19.42024 Q2 · Overall: +26.42024 Q3 · Overall: +26.42024 Q4 · Overall: +26.72025 Q1 · Overall: +7.3
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-58-29+0+29+582007 Q22009 Q32011 Q42014 Q12017 Q42020 Q12022 Q22024 Q32007 Q2 · CEO: +7.62007 Q3 · CEO: +10.32007 Q4 · CEO: +7.92008 Q1 · CEO: +10.12008 Q2 · CEO: +13.72008 Q3 · CEO: +4.32008 Q4 · CEO: +6.12009 Q1 · CEO: +2.12009 Q2 · CEO: +8.92009 Q3 · CEO: +4.42009 Q4 · CEO: +18.02010 Q1 · CEO: +11.82010 Q2 · CEO: +5.92010 Q3 · CEO: +5.92010 Q4 · CEO: +11.82011 Q1 · CEO: +10.62011 Q2 · CEO: +11.22011 Q3 · CEO: +17.42011 Q4 · CEO: +5.52012 Q1 · CEO: +12.82012 Q2 · CEO: +12.12012 Q3 · CEO: +11.82012 Q4 · CEO: +14.72013 Q1 · CEO: +12.52013 Q2 · CEO: +13.82013 Q3 · CEO: +23.72013 Q4 · CEO: +20.22014 Q1 · CEO: +14.92014 Q2 · CEO: +14.92014 Q3 · CEO: +5.22014 Q4 · CEO: +8.32016 Q2 · CEO: +15.62016 Q4 · CEO: +13.32017 Q3 · CEO: +14.72017 Q4 · CEO: +28.02018 Q1 · CEO: +15.12018 Q2 · CEO: +24.42018 Q3 · CEO: +26.92018 Q4 · CEO: +19.52019 Q1 · CEO: +26.02019 Q2 · CEO: +29.22019 Q3 · CEO: +14.32019 Q4 · CEO: +22.52020 Q1 · CEO: -2.12020 Q2 · CEO: +15.62020 Q3 · CEO: +13.92020 Q4 · CEO: +15.32021 Q1 · CEO: +21.72021 Q2 · CEO: +26.72021 Q3 · CEO: +19.82021 Q4 · CEO: +23.12022 Q1 · CEO: +22.52022 Q2 · CEO: +15.12022 Q3 · CEO: +18.32022 Q4 · CEO: +19.92023 Q1 · CEO: +23.32023 Q2 · CEO: +21.32023 Q3 · CEO: +21.72023 Q4 · CEO: +18.12024 Q1 · CEO: +23.72024 Q2 · CEO: +23.42024 Q3 · CEO: +23.42024 Q4 · CEO: +24.02025 Q1 · CEO: +9.62007 Q2 · CFO: +5.02007 Q3 · CFO: +2.02007 Q4 · CFO: +0.02008 Q1 · CFO: +0.92008 Q2 · CFO: +8.12008 Q3 · CFO: +0.02008 Q4 · CFO: -2.22009 Q1 · CFO: -8.62009 Q2 · CFO: -2.12009 Q3 · CFO: -2.72009 Q4 · CFO: +0.62010 Q1 · CFO: -2.32010 Q2 · CFO: +1.92010 Q3 · CFO: +3.02010 Q4 · CFO: +12.62011 Q1 · CFO: +2.42011 Q2 · CFO: +4.42011 Q3 · CFO: +3.52011 Q4 · CFO: -8.82012 Q1 · CFO: -5.32012 Q2 · CFO: +6.92012 Q3 · CFO: -7.92012 Q4 · CFO: +5.32013 Q1 · CFO: +6.52013 Q2 · CFO: +12.32013 Q3 · CFO: +3.62013 Q4 · CFO: +2.42014 Q1 · CFO: +13.72014 Q2 · CFO: +15.02014 Q3 · CFO: -0.72014 Q4 · CFO: +1.62016 Q2 · CFO: -5.82016 Q3 · CFO: +7.62016 Q4 · CFO: -5.42017 Q1 · CFO: +7.42017 Q3 · CFO: +5.12017 Q4 · CFO: +12.32018 Q1 · CFO: +2.62018 Q2 · CFO: +10.52018 Q3 · CFO: +15.62018 Q4 · CFO: +17.02019 Q1 · CFO: +7.42019 Q2 · CFO: +17.12019 Q3 · CFO: +8.22019 Q4 · CFO: +11.72020 Q1 · CFO: -8.72020 Q2 · CFO: +3.72020 Q3 · CFO: +10.62020 Q4 · CFO: +1.32021 Q1 · CFO: +7.92021 Q2 · CFO: +10.32021 Q3 · CFO: +5.62021 Q4 · CFO: +16.32022 Q1 · CFO: +6.12022 Q2 · CFO: -0.42022 Q3 · CFO: +4.62022 Q4 · CFO: +5.52023 Q1 · CFO: +13.22023 Q2 · CFO: +21.52023 Q3 · CFO: +19.52023 Q4 · CFO: +19.32024 Q1 · CFO: +50.82024 Q2 · CFO: +39.22024 Q3 · CFO: +38.72024 Q4 · CFO: +38.72025 Q1 · CFO: +4.3
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-65-32+0+32+652007 Q22009 Q32011 Q42014 Q12017 Q42020 Q12022 Q22024 Q32007 Q2 · Prepared remarks: +10.22007 Q3 · Prepared remarks: +8.82007 Q4 · Prepared remarks: -0.92008 Q1 · Prepared remarks: +5.82008 Q2 · Prepared remarks: +7.42008 Q3 · Prepared remarks: +5.02008 Q4 · Prepared remarks: -1.02009 Q1 · Prepared remarks: -4.42009 Q2 · Prepared remarks: +0.92009 Q3 · Prepared remarks: +4.12009 Q4 · Prepared remarks: +11.72010 Q1 · Prepared remarks: +4.72010 Q2 · Prepared remarks: +4.82010 Q3 · Prepared remarks: +7.72010 Q4 · Prepared remarks: +13.82011 Q1 · Prepared remarks: +8.72011 Q2 · Prepared remarks: +19.32011 Q3 · Prepared remarks: +11.72011 Q4 · Prepared remarks: +4.22012 Q1 · Prepared remarks: +11.02012 Q2 · Prepared remarks: +13.12012 Q3 · Prepared remarks: +3.92012 Q4 · Prepared remarks: +8.42013 Q1 · Prepared remarks: +12.62013 Q2 · Prepared remarks: +18.02013 Q3 · Prepared remarks: +18.02013 Q4 · Prepared remarks: +13.02014 Q1 · Prepared remarks: +17.32014 Q2 · Prepared remarks: +18.62014 Q3 · Prepared remarks: +6.62014 Q4 · Prepared remarks: +15.42016 Q2 · Prepared remarks: +3.02016 Q3 · Prepared remarks: +7.32016 Q4 · Prepared remarks: +7.82017 Q1 · Prepared remarks: +6.72017 Q3 · Prepared remarks: +8.72017 Q4 · Prepared remarks: +15.72018 Q1 · Prepared remarks: +10.42018 Q2 · Prepared remarks: +18.22018 Q3 · Prepared remarks: +19.12018 Q4 · Prepared remarks: +15.62019 Q1 · Prepared remarks: +18.92019 Q2 · Prepared remarks: +21.42019 Q3 · Prepared remarks: +12.72019 Q4 · Prepared remarks: +13.52020 Q1 · Prepared remarks: -14.82020 Q2 · Prepared remarks: +3.42020 Q3 · Prepared remarks: +10.22020 Q4 · Prepared remarks: +6.02021 Q1 · Prepared remarks: +15.32021 Q2 · Prepared remarks: +20.22021 Q3 · Prepared remarks: +13.92021 Q4 · Prepared remarks: +22.92022 Q1 · Prepared remarks: +16.22022 Q2 · Prepared remarks: +5.52022 Q3 · Prepared remarks: +10.52022 Q4 · Prepared remarks: +14.92023 Q1 · Prepared remarks: +20.02023 Q2 · Prepared remarks: +20.72023 Q3 · Prepared remarks: +20.72023 Q4 · Prepared remarks: +17.62024 Q1 · Prepared remarks: +56.22024 Q2 · Prepared remarks: +30.42024 Q3 · Prepared remarks: +33.92024 Q4 · Prepared remarks: +28.92025 Q1 · Prepared remarks: +9.22007 Q2 · Q&A responses: +5.12007 Q3 · Q&A responses: +9.82007 Q4 · Q&A responses: +12.62008 Q1 · Q&A responses: +10.62008 Q2 · Q&A responses: +15.72008 Q3 · Q&A responses: +1.12008 Q4 · Q&A responses: +6.22009 Q1 · Q&A responses: +2.22009 Q2 · Q&A responses: +4.12009 Q3 · Q&A responses: +5.72009 Q4 · Q&A responses: +9.42010 Q1 · Q&A responses: +8.32010 Q2 · Q&A responses: +5.82010 Q3 · Q&A responses: +5.22010 Q4 · Q&A responses: +3.62011 Q1 · Q&A responses: +6.82011 Q2 · Q&A responses: +3.62011 Q3 · Q&A responses: +8.42011 Q4 · Q&A responses: +1.52012 Q1 · Q&A responses: -2.62012 Q2 · Q&A responses: +3.62012 Q3 · Q&A responses: +1.22012 Q4 · Q&A responses: +11.62013 Q1 · Q&A responses: +6.52013 Q2 · Q&A responses: +2.62013 Q3 · Q&A responses: +11.02013 Q4 · Q&A responses: +14.72014 Q1 · Q&A responses: +11.72014 Q2 · Q&A responses: +8.52014 Q3 · Q&A responses: +1.82014 Q4 · Q&A responses: -2.72016 Q2 · Q&A responses: +14.62016 Q3 · Q&A responses: +6.32016 Q4 · Q&A responses: +5.32017 Q1 · Q&A responses: +6.52017 Q3 · Q&A responses: +11.32017 Q4 · Q&A responses: +26.02018 Q1 · Q&A responses: +10.72018 Q2 · Q&A responses: +18.12018 Q3 · Q&A responses: +25.42018 Q4 · Q&A responses: +22.42019 Q1 · Q&A responses: +15.02019 Q2 · Q&A responses: +27.02019 Q3 · Q&A responses: +8.82019 Q4 · Q&A responses: +16.52020 Q1 · Q&A responses: +2.92020 Q2 · Q&A responses: +15.72020 Q3 · Q&A responses: +13.82020 Q4 · Q&A responses: +10.62021 Q1 · Q&A responses: +17.72021 Q2 · Q&A responses: +18.52021 Q3 · Q&A responses: +10.52021 Q4 · Q&A responses: +16.92022 Q1 · Q&A responses: +13.12022 Q2 · Q&A responses: +6.92022 Q3 · Q&A responses: +12.12022 Q4 · Q&A responses: +10.02023 Q1 · Q&A responses: +18.82023 Q2 · Q&A responses: +21.42023 Q3 · Q&A responses: +19.92023 Q4 · Q&A responses: +19.02024 Q1 · Q&A responses: +19.72024 Q2 · Q&A responses: +24.72024 Q3 · Q&A responses: +20.02024 Q4 · Q&A responses: +31.22025 Q1 · Q&A responses: +4.5
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$-1.59$2.06$5.722007 Q22009 Q32011 Q42014 Q12017 Q42020 Q12022 Q22024 Q32014 Q1: $4.302014 Q2: $4.752014 Q3: $5.222014 Q4: $3.672016 Q2: $-1.092016 Q3: $-0.632016 Q4: $0.482017 Q1: $0.702017 Q3: $1.182018 Q1: $1.002018 Q2: $1.192018 Q3: $1.302018 Q4: $1.332019 Q1: $1.192019 Q2: $1.252019 Q3: $1.352019 Q4: $1.282020 Q1: $1.062020 Q2: $0.282020 Q3: $0.232020 Q4: $0.582021 Q1: $0.802021 Q2: $0.972021 Q3: $1.112021 Q4: $1.212022 Q1: $1.412022 Q2: $1.462022 Q3: $1.512022 Q4: $1.662023 Q1: $1.712023 Q2: $1.772023 Q3: $1.902023 Q4: $2.042024 Q1: $2.152024 Q2: $2.332024 Q3: $2.522024 Q4: $2.56

Forward P/E

-0.9172.02144.942007 Q22009 Q32011 Q42014 Q12017 Q42020 Q12022 Q22024 Q32014 Q1: 14.322014 Q2: 15.262014 Q3: 12.952014 Q4: 15.352016 Q4: 134.882017 Q1: 82.742017 Q3: 30.652018 Q1: 30.602018 Q2: 28.742018 Q3: 25.192018 Q4: 15.822019 Q1: 22.852019 Q2: 18.732019 Q3: 17.182019 Q4: 19.322020 Q1: 9.152020 Q2: 56.492020 Q3: 65.262020 Q4: 37.072021 Q1: 29.882021 Q2: 25.462021 Q3: 22.692021 Q4: 19.692022 Q1: 23.912022 Q2: 21.742022 Q3: 16.812022 Q4: 17.462023 Q1: 15.752023 Q2: 16.872023 Q3: 19.052023 Q4: 15.982024 Q1: 14.732024 Q2: 13.792024 Q3: 13.762024 Q4: 15.64

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q3 tone ↓ -8.3 fwd EPS ↑ +0.47 Tone cooled even as the forward EPS estimate rose.
  • 2014 Q4 tone ↑ +2.3 fwd EPS ↓ -1.55 Tone rose while the forward EPS estimate was cut.
  • 2016 Q2 tone ↑ +2.3 fwd EPS ↓ -4.76 Tone rose while the forward EPS estimate was cut.
  • 2018 Q4 tone ↓ -3.6 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↓ -11.8 fwd EPS ↑ +0.11 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q4 tone ↑ +5.0 fwd EPS ↓ -0.07 Tone rose while the forward EPS estimate was cut.
  • 2020 Q2 tone ↑ +15.0 fwd EPS ↓ -0.78 Tone rose while the forward EPS estimate was cut.
  • 2020 Q4 tone ↓ -2.5 fwd EPS ↑ +0.35 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q3 tone ↓ -5.3 fwd EPS ↑ +0.14 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -5.6 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -7.2 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↓ -2.9 fwd EPS ↑ +0.13 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-23+7.3——View →
2024 Q42025-01-31+26.7$2.5615.6View →
2024 Q32024-10-23+26.4$2.5213.8View →
2024 Q22024-07-26+26.4$2.3313.8View →
2024 Q12024-04-24+19.4$2.1514.7View →
2023 Q42024-01-24+17.0$2.0416.0View →
2023 Q32023-10-26+16.7$1.9019.1View →
2023 Q22023-07-19+19.5$1.7716.9View →