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• • Baker Hughes > Baker Hughes Announces Second - Quarter 2026 Results Second - quarter highlights Orders of $ 10.5 billion , including $ 7.1 billion of IET orders . RPO of $ 40.1 billion , including record IET RPO of $ 37.1 billion . • • Revenue of $ 6.7 billion . • Attributable net income of $ 681 million . GAAP diluted EPS of $ 0.68 and adjusted diluted EPS * of $ 0.64 . • Adjusted EBITDA * of $ 1,231 million . Exhibit 99.1 • Cash flows from operating activities of $ 1,345 million and free cash flow * of $ 1,109 million . HOUSTON & LONDON ( July 26 , 2026 ) – 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 range despite a complex operating environment . Increased activity and higher product shipments late in the quarter in the Middle East , along with solid performance in North America land and Latin America , drove the upside and demonstrated the resilience and durability of our portfolio despite higher inflationary costs . " " Our second - quarter performance further reinforces confidence in Baker Hughes ' strategic direction . Energy security and rising power demand are driving investment across both energy and industrial value chains , and our expanding portfolio is increasingly aligned with the most attractive growth opportunities across our core end markets . " " The successful closing of the Chart acquisition marks a major milestone in our evolution as a leading industrialized energy solutions company . Chart enhances our capabilities in thermal management , air and gas handling , compression and lifecycle services , while expanding our reach across attractive core and adjacent markets . The addition of Chart further advances our portfolio , broadens our growth opportunities , and enhances our ability to create long - term value for customers and shareholders . We are pleased to welcome Chart's employees to Baker Hughes and look forward to their contributions as part of our team , " concluded Simonelli . ( 1 ) Horizon 2 represents 2026-2028 . 1