Baker Hughes Tops Q2 Estimates as Margins Improve Despite Revenue Dip

Baker Hughes (NASDAQ:BKR) reported second-quarter results that beat analyst expectations, driven by improved margins and strong operational execution, even as revenue declined modestly year-over-year. The stock rose nearly 2% following the announcement.

The energy technology firm posted adjusted earnings per share of $0.63, ahead of the $0.56 consensus estimate. Revenue came in at $6.91 billion, topping forecasts of $6.63 billion but down 3% from $7.14 billion in the year-ago period.

Adjusted EBITDA rose to $1.21 billion, a 7% increase year-over-year, with EBITDA margins expanding by 170 basis points to 17.5%. The results underscore Baker Hughes’ continued progress on operational efficiency and margin expansion amid a more cautious energy spending environment.