Baker Hughes Announces First-Quarter 2026 Results
Orders rose 26% to $8.2 billion as Baker Hughes lifted backlog to a record $36.1 billion on new energy contracts and asset sales.
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9 Articles
What's Going On With Baker Hughes Stock Friday? - Baker Hughes (NASDAQ:BKR)
Baker Hughes Co. (NASDAQ:BKR) shares rose Friday, gaining about 4% after the oilfield services provider reported first-quarter results that topped expectations, driven by solid execution and portfolio moves. Quarterly Highlights Baker Hughes reported first-quarter adjusted earnings per share of 58 cents, beating the analyst consensus estimate of 49 cents. Quarterly sales of $6.587 billion outpaced the Street view of $6.335 billion. Revenues had …
Baker Hughes Q1 Revenue Beats Estimates by $260 Million as LNG Orders Surge
Giant oilfield services company, Baker Hughes (NYSE:BKR), has reported robust first quarter results, with Q1 2026 revenue of $6.59B (+2.5% Y/Y) beating by $260 million; Q1 non-GAAP EPS of $0.58 beat by $0.09 while adjusted net income of $573 million was good for 12% Y/Y increase. The growth was mainly driven by the Industrial & Energy Technology (IET) segment, where orders surged on demand for LNG and gas equipment offset weakness in Oilfield Se…
Baker Hughes Announces First-Quarter 2026 Results
HOUSTON and LONDON, April 23, 2026 (GLOBE NEWSWIRE) -- Baker Hughes Company (Nasdaq: BKR) ("Baker Hughes" or the "Company") announced results today for the first quarter of 2026.
Baker Hughes tops profit estimates despite war disruption
Oilfield services provider Baker Hughes beat Wall Street estimates for first-quarter profit, as strong demand in its industrial and energy technology (IET) unit offset drilling weakness caused by conflict in the Middle East. A surge in electricity demand from data centres, along with investments in liquefied natural gas (LNG), gas infrastructure and grid equipment, lifted orders in the IET unit. First-quarter IET orders rose to $4.89 billion fro…
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