LNG Demand Fuels Strong Third Quarter for Baker Hughes
Baker Hughes' Industrial & Energy Technology division posted a $4 billion LNG order backlog, with a 23% annual rise in overall orders driven by strong natural gas demand.
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LNG Demand Fuels Strong Third Quarter for Baker Hughes
Strong demand for LNG-related services drove Baker Hughes' third-quarter financial performance above expectations, with the company reporting a 23% annual increase in orders despite a dip in net profits of 20% on the year. Free cash flow rose as well, from $239 million at the end of June to $699 million at the end of September, and cash flow from operating activities rose from $510 million at the end of June to $929 million at the end of Septemb…
The Industrial and Energy Technologies division significantly contributed to the improved financial result for the third quarter.
Baker Hughes Company Announces Third-Quarter 2025 Results
Baker Hughes Company (NASDAQ: BKR), a leading energy technology firm, reported robust third-quarter 2025 results today, underscoring its strategic pivot toward high-growth areas like liquefied natural gas (LNG) and energy transition technologies amid a softening oilfield services environment. Total revenue reached $7.0 billion, marking a modest 1% increase both sequentially and year-over-year, while adjusted earnings per share (EPS) climbed 9% f…
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