Baker Hughes Non-GAAP EPS of $0.39 beats by $0.06, revenue of $6.3B beats by $40M
Baker Hughes press release (NASDAQ:BKR): Q2 Non-GAAP EPS of $0.39  beats by $0.06.
Revenue of $6.3B (+24.8% Y/Y)  beats by $40M.
CEO comment: "Growing economic uncertainty continues to drive commodity price volatility globally. However, despite lower oil prices over the first half of the year, we maintain a constructive outlook for global upstream spending in 2023. Market softness in North America is expected to be more than offset by strength in international and offshore markets."

"Outside of the upstream markets, we remain confident on the LNG outlook, with solid demand growth this year led by Europe and Asia. Based on the continued development of the LNG project pipeline, we still expect the market to exceed 65 million tons per annum (MTPA) of FIDs this year and should see a similar level of activity in 2024. We continue to see the potential for this LNG cycle to extend for several years with a pipeline of new international opportunities expanding project visibility out to 2026 and beyond."