Baker Hughes Sees $411M 3Q Net Income, Energy Orders Up


   
Maria Eugenia Garcia
DTN Energy Editor

   HOUSTON -- Baker Hughes reported on Tuesday (10/27) a $411 million net 
income during the third quarter as revenue and orders increased, supported by 
demand across LNG, natural gas infrastructure, oilfield services and power 
generation. Net income declined 33% from $609 million a year earlier and 40% 
from $681 million in the second quarter. Adjusted net income, however, rose 2% 
year over year to $695 million. Adjusted EBITDA increased 14% to $1.42 billion.

   Revenue climbed 14% from a year earlier to $8.03 billion, while total orders 
rose 31% to $10.76 billion. Industrial & Energy Technology (IET) booked $5.9 
billion in orders, its second-highest quarterly level, helping push IET 
remaining performance obligations to a record $39.4 billion.

   Baker Hughes said energy demand supported commercial activity across LNG, 
gas infrastructure and upstream markets. The company raised its full-year IET 
order guidance and its Horizon 2 IET order outlook to more than $50 billion.

   The company said it secured LNG-related equipment orders from Venture Global 
for its Plaquemines expansion and Cloud Connector Pipeline project during the 
third quarter. Bake Hughes also won gas compression and power-generation 
equipment orders for offshore developments.

   Oilfield Services & Equipment activity was supported by improving 
international markets, particularly in the Middle East. 




(c) Copyright 2026 DTN, LLC. All rights reserved.