Baker Hughes Boosts Forecasts on Chart Acquisition and LNG Market Optimism
Baker Hughes, a leading oilfield services provider in the US, has raised its full-year forecasts after acquiring Chart Industries for $13.6 billion in July.
The company's CEO, Lorenzo Simonelli, expressed optimism about liquefied natural gas (LNG) markets, citing improving visibility towards an LNG order recovery as they move into 2027.
Baker Hughes now expects revenue of $28.50 billion to $30.30 billion in 2026, up from its prior forecast of $26.65 billion to $28.05 billion. The company also raised its annual adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to $4.88 billion to $5.48 billion.
The acquisition is expected to contribute significantly to Baker Hughes' revenue in the fourth quarter of 2026, with Simonelli stating that 55% to 65% of Chart's segment core profit will be realized during this period.