Baker Hughes Boosts 2026 Outlook on Record Bookings

Baker Hughes has set a new benchmark in the sector with $10.5 billion in Q2 orders.

Record Order Figures

■Q2 orders rose 49 % to $10.5 billion year‑over‑year.

■IET (Industrial & Energy Technology) orders doubled to a record $7.1 billion.

■Remaining performance obligations hit $40.1 billion.

New Drivers of Sector Momentum

Growth is fueled by investments in LNG export facilities, gas‑fired power generation, and data‑center infrastructure.

■Major contracts secured with Venture Global, Cheniere Energy, Golar LNG, and Nigeria LNG.

■Power‑generation orders from Dynamis Power Solutions and Kodiak Gas Services.

Strategic Moves & Portfolio Reshaping

■Acquisition of Chart Industries expands thermal management, compression, and gas‑handling capabilities.

■Planned $1.45 billion sale of Waygate Technologies to Hexagon aligns the portfolio with industrial‑energy solutions.

Financial Performance Multipliers

■Revenue reached $6.74 billion; adjusted EBITDA climbed to $1.23 billion, surpassing guidance.

■CEO Lorenzo Simonelli aims to hit the midpoint of full‑year guidance and lift Horizon 2 (2026‑2028) IET order target to $45 billion.

Outlook & Market Implications

Baker Hughes expects LNG and power‑generation equipment demand to continue rising alongside AI‑driven data‑center electricity needs.

Captain Rıza Deniz: The data underscores a shift where LNG export capacity and AI‑driven energy demand offset traditional oil‑field market softness, positioning the company at the forefront of a more resilient supply chain.