Baker Hughes $BHGE Earnings Miss on Challenging Oil and Gas

Energy services company Baker Hughes, a GE Co. $BHGE reported it’s first earnings since the merger with GE’s oil and gas business on Friday before the market opened. They missed on both EPS and revenue. Parent General Electric $GE also reported weaker earnings this morning.

Transocean $RIG Takes $1.4 Billion Charge, Retires 6 Ultra-Deepwater Rigs

  Deep sea driller Transocean $RIG announced Friday that it retire six ultra-deepwater floaters and that as a result they will recognize an impairment charge of $1.4 billion in the third quarter of 2017. $RIG Is up near 2% on the news.

Highlights of Oil & Gas Energy Earnings Reports This Week

Another big energy company earnings this week including shale plays $FANG $EOG and $DVN, offshore drillers $DO and $RIG, Independents $MRO and $APA and Natural gas $CHK. Catch up on all the energy earnings you  may have missed.

Sempra Energy $SRE Beats Earnings, Expect Cameron LNG Train 1 to be Delayed Until 2019

On the Gulf Coast Sempra Energy $SRE reported that they are currently expecting Cameron LNG Train 1 to be delayed until 2019 due to several unstated factors. The next two trains will follow throughout 2019. Earlier Sempra had beat earnings and raised Guidance.