Oct 23 (Reuters) - Baker Hughes ( BKR ) on Wednesday

forecast continued pretax margin gains in the fourth quarter and

next year after beating Wall Street estimates for its

third-quarter profit.

Shares of the company were trading 3.5% higher.

The company's upbeat outlook followed more than doubling of

orders in its non-LNG gas technology equipment and margin gains

in oilfield services and LNG equipment.

The company said several LNG projects were progressing

towards final investment decision in the United States and

internationally in 2025, providing confidence that its new

energy orders will continue to grow.

The company also expects offshore activity to remain at

stable levels.

"We feel good about 2025 with most segments similar to 2024

showing growth," said CEO Lorenzo Simonelli on the earnings

call.

Given these tailwinds and operational improvements, Baker

Hughes ( BKR ) expects fourth-quarter total EBITDA of about $1.26

billion at the midpoint of its forecast range.

The company said it remained on track to achieve its 20%

margin target for 2026.