Baker Hughes secures 16-unit power deal. Baker Hughes stock has USD 55.29 billion market value.

Published on 10/19/2026 at 09:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Baker Hughes secures a framework for 16 power units. Baker Hughes stock costs EUR 49.80 on October 19, 2026, with a USD 55.29 billion market value.

Power partnership and reporting date

Baker Hughes announced a power framework for up to 16 units on October 15, 2026.
Second-quarter adjusted EBITDA reached USD 1.23 billion, while IET orders hit USD 7.10 billion.
Baker Hughes stock trades at EUR 49.80 at 9:05 a.m. CEST at Lang & Schwarz on October 19, 2026.
Third-quarter results are scheduled for October 27, 2026.

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Baker Hughes secured a framework for up to 16 power island units with Venture Global and GE Vernova, while Baker Hughes stock traded at EUR 49.80 at Lang & Schwarz on October 19, 2026 at 9:05 a.m. CEST. The agreement covers turbines, electrical integration and related services, with deliveries scheduled from 2028 through 2034, according to Yahoo Finance on October 15, 2026.

Power deal reaches 16 units

The framework gives Baker Hughes a repeatable model for behind-the-meter power generation at Venture Global facilities. The company will supply gas turbines, steam turbines, controls and electrical systems, while the first purchase order is expected by the end of 2026, Venture Global said on October 15, 2026.

The arrangement is strategically relevant because Baker Hughes is expanding its industrial and energy technology exposure beyond conventional oilfield services. The potential customer network includes LNG operations and adjacent data center projects, although the announcement did not disclose a contract value.

What do the orders mean for earnings?

Baker Hughes reported second-quarter revenue of USD 6.74 billion and net income of USD 681.0 million for the quarter ended June 30, 2026. Adjusted EBITDA was USD 1.23 billion, and Industrial and Energy Technology orders reached a record USD 7.10 billion, according to the company's earnings call transcript published by Yahoo Finance on July 27, 2026.

The chronology shows three relevant milestones. On July 27, 2026, second-quarter adjusted EBITDA reached USD 1.23 billion. On October 5, 2026, Baker Hughes announced two agreements tied to Venezuelan natural gas and energy infrastructure. On October 15, 2026, the company announced the framework covering up to 16 power islands.

Next date is October 27

Baker Hughes is scheduled to report third-quarter 2026 results on October 27, 2026, after the market close, according to RTTNews. That release will give investors the first reported period in which the Chart Industries acquisition is reflected in the company's portfolio.

Stock and business remain linked

Baker Hughes operates across oilfield services, LNG, industrial technology and digital solutions. Its second-quarter operating figures show the balance investors are tracking: revenue was USD 6.74 billion, while record IET orders reached USD 7.10 billion. The new power framework adds a long-dated demand signal, but deliveries begin only from 2028.

Baker Hughes stock was trading at EUR 49.80 at Lang & Schwarz on October 19, 2026 at 9:05 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Baker Hughes stock.