Overview
- Baker Hughes reported revenue of about $6.59 billion and adjusted EPS of 58 cents, topping Wall Street estimates.
- Its Industrial & Energy Technology unit, which supplies LNG and gas equipment, booked about $4.9 billion in orders.
- Executives said the Middle East conflict is disrupting logistics and reducing Oilfield Services & Equipment activity, which could pull full‑year results slightly below the guidance midpoint.
- The company set conditional Q2 targets of about $6.5 billion in revenue and $1.13 billion in adjusted EBITDA if the conflict runs through June without worsening.
- Portfolio moves continue with a planned sale of Waygate Technologies expected to raise roughly $3 billion this year to help build a broader industrial base.