LNG Demand Fuels Strong Third Quarter for Baker Hughes

Strong demand for LNG-related services drove Baker Hughes' third-quarter financial performance above expectations, with the company reporting a 23% annual increase in orders despite a dip in net profits of 20% on the year. Free cash flow rose as well, from $239 million at the end of June to $699 million at the end of September, and cash flow from operating activities rose from $510 million at the end of June to $929 million at the end of September, although both cash flow figures were down on an annual ba ...