Baker Hughes posts transcript of Q2 2026 earnings call

• Baker Hughes held its second-quarter 2026 earnings call with Chairman and CEO Lorenzo Simonelli, CFO Ahmed Moghal, and IR VP Chase Mulvehill.
• Adjusted EBITDA USD 1.23 billion beat guidance; adjusted EPS USD 0.64; free cash flow USD 1.1 billion; adjusted EBITDA margin 18.3%.
• IET orders hit a record USD 7.1 billion; company orders USD 10.5 billion; IET RPO rose to USD 37.1 billion, lifting total RPO to USD 40.06 billion.
• Management raised IET Horizon 2 (2026-2028) orders target to more than USD 45 billion; expects added capacity by 2029 to support nearly USD 5 billion annual Power Systems revenue.
• Chart Industries acquisition closed July 16; Chart becomes a third reporting segment from 3Q 2026; targets USD 325 million annualized cost synergies by year three.

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