Baker Hughes Revenue Slumps Over Weaker LNG Components Demand

  • Jan 23, 2020 AEDT
  • Team Kalkine

Baker Hughes revenue took a hit below expectation as sales for LNG turbines and compressors tumbles.

  • The U.S.-based unit of the company- Turbomachinery & Process Solutions, which witnessed one of its strongest quarter in early 2019 over towering LNG capacity in the U.S., cooled off; and,
  • The revenue plunged by 8 per cent at the U.S-based unit, while the year-on-year orders fell by ~10 per cent.



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