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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.

Summary by Oil Price
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…

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Baker Hughes: Q3 Earnings Snapshot

HOUSTON (AP) — HOUSTON (AP) — Baker Hughes Co. (BKR) on Thursday reported third-quarter earnings of $609 million.

The Industrial and Energy Technologies division significantly contributed to the improved financial result for the third quarter.

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cbs19news.com broke the news in on Thursday, October 23, 2025.
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