Jan 23 (Reuters) - Baker Hughes Co:
* BAKER HUGHES SAYS INFLATION REDUCTION ACT AND POTENTIAL NEW LEGISLATION IN EUROPE WILL SUPPORT GROWTH OPPORTUNITIES IN NEW ENERGY IN 2023 AND BEYOND
* BAKER HUGHES SAYS POSITIVE ON NEAR-TERM AND LONG-TERM PROSPECTS FOR THE NATURAL GAS AND LNG INVESTMENT CYCLE
* BAKER HUGHES SAYS REOPENING OF CHINA, COMBINED WITH EUROPE'S NEED TO REFILL GAS STORAGE SUPPLIES WILL KEEP GLOBAL GAS AND LNG MARKETS TIGHT
* BAKER HUGHES SAYS OILFIELD SERVICES AND EQUIPMENT (OFSE) SEEING GROWTH TREND IN FAVOR OF INTERNATIONAL WHILE NORTH AMERICA ACTIVITY LEVELS OFF
* BAKER HUGHES SAYS FOR 2023, EXPECT OFSE TO DELIVER DOUBLE-DIGIT REVENUE GROWTH
* BAKER HUGHES WILL RATIONALIZE ROUGHLY 40% TO 50% OF SUBSEA PRODUCTION SYSTEMS MANUFACTURING CAPACITY
* BAKER HUGHES SAYS AS CO ENTERS 2023, INDUSTRIAL & ENERGY TECHNOLOGY (IET) HAS A RECORD BACKLOG OF $25 BILLION
* BAKER HUGHES EXPECTS IET ORDERS IN 2023 BETWEEN $10.5 BILLION TO $11.5 BILLION
* BAKER HUGHES EXPECTS TO INVEST IN BOLT-ON M&A OPPORTUNITIES THAT CAN COMPLEMENT CURRENT BUSINESSES AS WELL AS IN NEW ENERGY
* BAKER HUGHES EXPECTS Q1 REVENUE BETWEEN $5.3 BILLION - $5.7 BILLION
* BAKER HUGHES EXPECTS Q1 ADJUSTED. EBITDA $700 MILLION - $760 MILLION
* BAKER HUGHES EXPECTS FY 2023 REVENUE BETWEEN $24 BILLION - $26 BILLION
* BAKER HUGHES EXPECTS FY 2023 ADJUSTED. EBITDA $3.6 BILLION - $3.8 BILLION
* BAKER HUGHES ANTICIPATES NORTH AMERICA ACTIVITY TO REMAIN RANGE-BOUND FOR THE YEAR
* BAKER HUGHES EXPECTS Q1 IET REVENUE BETWEEN $1.9 BILLION - $2.4 BILLION
* BAKER HUGHES EXPECTS Q1 OFSE ADJUSTED. EBITDA BETWEEN $515 MILLION - $585 MILLION
* BAKER HUGHES EXPECTS FY 2023 OFSE REVENUE BETWEEN $14.5 BILLION - $15.5 BILLION
* BAKER HUGHES EXPECTS FY 2023 OFSE EBITDA BETWEEN $2.4 BILLION - $2.8 BILLION
* BAKER HUGHES EXPECTS FY 2023 IET EBITDA BETWEEN $1.35 BILLION - $1.65 BILLION
* BAKER HUGHES EXPECTS FY 2023 IET REVENUE BETWEEN $9.5 NLN - $10.5 BILLION
* BAKER HUGHES EXPECTS INTERNATIONAL DRILLING AND COMPLETION SPENDING TO LIKELY INCREASE IN MIDDLE DOUBLE DIGITS ON A YEAR-OVER-YEAR BASIS
* BAKER HUGHES EXPECTS NORTH AMERICA DRILLING AND COMPLETION SPENDING GROWTH IN THE HIGH DOUBLE DIGITS IN 2023 DRIVEN BY COST INFLATION Source: Q4 Conference Call Further company coverage: