Baker Hughes gains on Q2 profit beat

Baker Hughes

27/07/2026 10:08

** U.S. oilfield services company Baker Hughes' BKR.O shares up 3.1% at $59.1 premarket
** On Sunday, BKR reported Q2 adjusted profit of 64 cents per share beating analysts' estimates of 50 cents per share -  data compiled by LSEG
** Profit beat was helped by strong demand for LNG equipment, gas infrastructure and power generation projects
** Orders rose 49% from a year earlier to $10.5 billion, including $7.1 billion in orders for its Industrial and Energy Technology segment (IET)
** Co raised 2026 IET and Horizon 2 IET orders forecast to more than $45 billion
** As of last close, BKR up 25.7% YTD

 (Reporting by Sumit Saha in Bengaluru)
 ((Sumit.Saha@thomsonreuters.com;))