Baker Hughes (NASDAQ:BKR) reported better-than-expected second-quarter results on Monday, sending its shares about 2% higher in premarket trading as investors welcomed stronger earnings and solid operational performance.
The energy technology and oilfield services company posted adjusted earnings per share of $0.64, comfortably ahead of analysts’ consensus estimate of $0.49.
Revenue totaled $6.74 billion, exceeding expectations of $6.52 billion despite declining 2% from the same quarter last year.
Orders remain strong despite challenging conditions
Baker Hughes secured $10.5 billion in new orders during the quarter, with its Industrial & Energy Technology (IET) division contributing $7.1 billion.
The company ended the quarter with remaining performance obligations (RPO) of $40.1 billion, including a record $37.1 billion within the IET business, highlighting continued demand for its energy and industrial technologies.
“Baker Hughes delivered another strong quarter, reflecting the breadth of our portfolio and continued momentum across data center, gas infrastructure, and upstream markets. Disciplined execution and our ability to effectively navigate ongoing Middle East challenges contributed to Adjusted EBITDA exceeding the high end of our guidance range,” said CEO Lorenzo Simonelli.
“Looking ahead, favorable underlying fundamentals support our confidence in achieving the midpoint of our full-year guidance as we continue to manage through the Middle East uncertainty,” he added.
Profitability and cash generation remain robust
Adjusted EBITDA reached $1.23 billion during the second quarter, reflecting continued operational strength across the business.
The company also generated $1.34 billion in cash flow from operating activities, while free cash flow totaled $1.11 billion, underscoring its ability to convert earnings into cash despite ongoing geopolitical uncertainty.
The latest results suggest Baker Hughes continues to benefit from resilient demand across key energy infrastructure markets while maintaining strong financial discipline and cash generation.
Baker Hughes stock price
