Baker Hughes Lifts 2026 Outlook After Chart Deal
Baker Hughes has raised its revenue and profit outlook for 2026 after acquiring Chart Industries in a $13.6 billion deal, which was finalized mid-July.
The company now expects revenue of $28.50-30.30 billion and adjusted EBITDA (profit before interest, taxes, depreciation, and amortization) of $4.88-5.48 billion for 2026, up from previous projections of $26.65-28.05 billion and $4.6-5.1 billion respectively.
According to CEO Lorenzo Simonelli, the deal improves Baker Hughes' medium-term earnings power, despite slower demand for large liquefied natural gas equipment due to lower export project approvals and cautious customer spending.
However, Simonelli noted that 55% to 65% of Chart's segment profit typically shows up in the fourth quarter, which could distort Baker Hughes' near-term margin story as the company integrates the business and incurs costs for factory operations.