(Reuters) -Oilfield services provider Baker Hughes ( BKR ) surpassed Wall Street expectations for third-quarter profit on Thursday, helped by strength in its industrial and energy technology unit.

As oilfield services firms navigate a volatile market, resilient areas like LNG infrastructure, power grid upgrades, and growing electricity demand from data centers are helping support growth.

Baker has been also leaning on its industrial and energy technology (IET) division to strengthen its footprint in the natural gas and LNG market, a strategy expected to underpin revenue growth and positioning in the energy transition.

IET backlog grew 3% sequentially, reaching a new record of $32.1 billion, the company said.

The Houston-based company posted an adjusted profit of 68cents per share for the three months ended September 30, compared with analysts' estimates of 62 cents per share, according to data compiled by LSEG.