Baker Hughes Crushes Q2 Profit Estimates on Strong Industrial Demand
BKR sits 37% above its 52-week low of $41.96.
Summary
Baker Hughes posted adjusted Q2 EPS of $0.64, blowing past the $0.50 consensus. The beat was driven by its industrial and energy technology unit, which offset Middle East drilling disruptions. This follows a 49% surge in orders reported earlier today, confirming broad-based demand strength. The Chart Industries acquisition closed July 16, adding scale. With orders accelerating and margins beating, the quarter signals robust execution despite regional headwinds.
Updates
· SEC 8-K — Q2 orders were $10.5 billion including record IET orders of $7.1 billion; RPO reached $40.1 billion with IET RPO at $37.1 billion. Adjusted EBITDA was $1,231 million, free cash flow $1,109 million, and full-year IET order guidance was raised.
At the time of this announcement, BKR was trading at $57.40 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $56.8B. 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 8 out of 10. Source: Reuters.