Baker Hughes surpassed Wall Street expectations for second-quarter profit on July 22, 2025, benefiting from robust demand for its natural gas equipment and services. The company reported net income of $701 million and adjusted diluted earnings per share of $0.63.
Despite the profit beat, Baker Hughes joined rivals in warning of a slowdown in upstream activity and spending, as producers grapple with weakness and volatility in commodity prices. North America upstream spending is expected to be down in the low-double digits, while international spending could decline in the high-single digits.
The company is focusing on resilient areas such as LNG infrastructure, power grid upgrades, and data center-driven power demand to navigate a slower, more uneven recovery. Baker Hughes declared a quarterly cash dividend of $0.23 per share, payable on August 15, 2025.
Key operational highlights included securing a contract to supply DRAs to Genesis Energy, encompassing the implementation of the Leucipa automated field production system. This demonstrates the company's continued focus on digital solutions and efficiency improvements for its customers.
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