Baker Hughes: Q2 Earnings Snapshot
HARRIS COUNTY, TEXAS, JUL 22 – Baker Hughes posted $701 million profit as natural gas demand and LNG exports rose despite a 10-20% drop in upstream spending, company said.
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Natural Gas Helps Baker Hughes Outperform Expectations in Q2
Strong demand for natural gas-related services helped Baker Hughes beat expectations for its financial performance in the second quarter of the year, as the company boasted a record order backlog for the period in its Industrial and Energy Technology segment. Baker Hughes booked a net income of $710 million for the three-month period, which represented a 74% increase on the first quarter and a 21% increase on a year earlier. The net income came …


Baker Hughes: Q2 Earnings Snapshot
HOUSTON (AP) — HOUSTON (AP) — Baker Hughes Co. (BKR) on Tuesday reported second-quarter profit of $701 million. On a per-share basis, the Houston-based company said it had net income of 71 cents. Earnings, adjusted for non-recurring gains, were 63 cents per share. The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share. The oilfield services com…
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