Baker Hughes Raises Forecasts After Chart Acquisition

Baker Hughes has raised its full-year revenue forecasts after acquiring Chart Industries for $13.6 billion, signaling a potential recovery in liquefied natural gas (LNG) markets.

The company 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. Annual adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) is expected at $4.88 billion to $5.48 billion.

Baker Hughes CEO Lorenzo Simonelli said the company sees improving visibility towards an LNG order recovery as it moves into 2027. He added that near-term Chart margins are being impacted by the timing of LNG equipment volumes and soft hydrogen demand.