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Baker Hughes Q1 Revenue Beats Estimates by $260 Million as LNG Orders Surge
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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…
Original article published by
OilPrice.com
on April 24, 2026.
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