Baker Hughes Crushes Q2 Estimates, Raises Guidance on 49% Order Surge
BKR sits 46% above its 52-week low of $41.96.
Summary
Baker Hughes delivered a massive Q2 beat: adjusted EPS of $0.64 trounced the $0.49 consensus, and revenue of $6.74B topped estimates despite a 2.5% decline. Orders soared 49% to $10.5B, driven by power systems and LNG solutions, including a major new LNG award in Louisiana. CEO Simonelli highlighted expanding data center power generation wins, reinforcing the growth narrative. The company navigated Middle East disruptions and expressed confidence in hitting full-year guidance midpoint. This follows the Chart acquisition close and a string of contract wins, painting a picture of accelerating momentum. The stock surged 6.8% on the news, adding to a 37% year-to-date gain.
At the time of this announcement, BKR was trading at $61.13 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $60.6B. The 52-week trading range was $41.96 to $70.41. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.