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 Services caused by Middle East disruptions.While earnings beat expectations, drilling activity was…