Baker Hughes Company (NASDAQ:BKR) reported its Q4 results, highlighted by margins outperforming expectations in most segments.

Analysts at RBC Capital said they remain encouraged by the company's longer-term leverage to increased global natural gas and LNG demand, which should drive continued FCF in 2022 and onward. In 2022, the analysts anticipate 7% revenue growth alongside 20% adjusted EBITDA growth. The analysts increased their 2022 EBITDA estimate by 3% to $3.22 billion, primarily reflecting stronger operating income margins in TPS.