Natural Gas Helps Baker Hughes Outperform Expectations in Q2

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Strong demand for natural gas-related services helped Baker Hughes beat expectations for its financial performance in the second quarter of the year, as the company boasted a record order backlog for the period in its Industrial and Energy Technology segment. Baker Hughes booked a net income of $710 million for the three-month period, which represented a 74% increase on the first quarter and a 21% increase on a year earlier. The net income came on earnings before interest, tax, depreciation, and amortization of 41.2 billion, up 7% on the year.…