Baker Hughes raises annual forecasts after Chart acquisition

Baker Hughes

09/09/2026 14:21

Sept 9 (Reuters) - U.S. oilfield services provider Baker Hughes BKR.O raised its forecast for full-year revenue on Wednesday, reflecting the benefits of its $13.6 billion acquisition of industrial equipment maker Chart Industries earlier this year.
Baker Hughes completed the deal in July after securing EU antitrust approval on the condition it would sell Chart's proprietary process technology and its small-scale process technology business, and ensure the ⁠interoperability of its gear with third parties' LNG ​equipment.
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, compared with its earlier forecast of $4.6 billion to $5.1 billion.
Baker Hughes shares were up 1.2% in premarket trading.
Chart's contributions to the company's results are expected to be weighted to the fourth quarter, Baker Hughes said.
Analysts expect the company to report revenue of $28.31 billion and core profit of $5.09 billion in 2026, according to data compiled by LSEG.

(Reporting by Vallari Srivastava in Bengaluru; Editing by Jonathan Ananda)
((Srivastava.Vallari@thomsonreuters.com;))