Baker Hughes secured a new order from Bechtel Energy Inc. for the Rio Grande LNG Train 5 expansion, adding two Frame 7 gas turbines and six centrifugal compressors to the project. The order will increase the plant’s liquefaction capacity by about 6 million tonnes per annum, a significant boost to the U.S. Gulf Coast LNG export portfolio.
The contract is part of a broader framework that covers Trains 4 through 8 and follows a similar order for Train 4. By winning this deal, Baker Hughes reinforces its position as a preferred supplier of proven LNG technology and supports its strategy to capture growth in the high‑margin Industrial & Energy Technology segment.
The new order adds substantial revenue potential and feeds into Baker Hughes’ record $32.1 billion backlog in IET orders as of Q3 2025. It also demonstrates the company’s ability to deliver complex, high‑performance equipment on schedule, a key factor in achieving CEO Lorenzo Simonelli’s goal of a 20 % EBITDA margin by 2028.
Baker Hughes reported Q3 2025 results earlier in the month, with revenue of $7.0 billion—up 1 % year‑over‑year—and an adjusted diluted EPS of $0.68. The Train 5 order builds on that momentum, although the specific financial value of the contract was not disclosed.
NextDecade issued a positive Final Investment Decision for Train 5 on October 16, 2025, de‑risking the project. Construction is expected to begin shortly, with commercial operation projected for 2027‑2028, further accelerating the project’s contribution to the company’s growth trajectory.
While the order itself did not trigger a distinct market reaction, broader sentiment around Baker Hughes’ Q3 earnings was mixed. Investors noted the strong performance of the IET segment—highlighted by the new LNG order—against a backdrop of softer margins in the Oilfield Services & Equipment segment, which tempered enthusiasm.
CEO Lorenzo Simonelli said the order “underscores the confidence in our proven technology and the dedication of our teams.” He added that the collaboration with Bechtel and NextDecade “provides efficient and reliable technology solutions for LNG infrastructure that is critical to sustainable energy development.”
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