Baker Hughes Announces Second-Quarter 2026 Results

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  "company": {
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    "url": "https://www.globenewswire.com/news-release/2026/07/26/3333230/0/en/Baker-Hughes-Announces-Second-Quarter-2026-Results.html",
    "title": "Baker Hughes Announces Second-Quarter 2026 Results",
    "excerpt": "Second-quarter highlights HOUSTON and LONDON, July 26, 2026 (GLOBE NEWSWIRE) -- Baker Hughes Company (Nasdaq: BKR) (\"Baker Hughes\" or the \"Company\") announced results today for the second quarter of 2026. \"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. 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.\" \"IET delivered another exceptional quarter of orders, with record bookings doubling year-over-year to $7.1 billion and backlog increasing 19% to a new all-time high. The strength was driven by robust demand across Power Systems and LNG, with particularly strong momentum in power generation. Given broadening customer demand, a growing pipeline across industrial and energy infrastructure markets, and our decision to further expand capacity, we are raising our full-year IET order guidance and increasing our Horizon 2 ( 1 ) IET orders outlook to more than $45 billion.\" \"OFSE delivered an impressive quarter, with EBITDA exceeding the high end of our guidance...",
    "summary": "Baker Hughes reported an Adjusted EBITDA of $1,231 million for the second quarter of 2026.",
    "location": "Houston, Texas, USA",
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    "published_at": "2026-07-26T21:00:00Z",
    "location_data": [
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        "state": "Texas",
        "region": "Northern America",
        "country": "United States",
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    "article_sentence": "Adjusted EBITDA (a non-GAAP financial measure) for the second quarter of 2026 was $1,231 million, which excludes adjustments totaling $60 million.",
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