Baker Hughes Forecasts $27.35 Billion Revenue for 2026 Amid Horizon IET Orders Exceeding $45 Billion
Baker Hughes (NASDAQ:BKR) has projected a revenue of $27.35 billion by the end of 2026, driven in part by anticipated orders from its Horizon Integrated Energy Transition business exceeding $45 billion. The company's CEO, Lorenzo Simonelli, highlighted strong performance during Q2 despite headwinds in the Middle East region. The forecast reflects disciplined execution and a diversified portfolio that helped offset regional challenges. Baker Hughes is also integrating Chart Industries to enhance capabilities across its energy transition initiatives.
Tickers: $BKR
Topics: energy services oil and gas Q2 earnings