Chart Industries Q3 sales miss estimates, expects Baker Hughes acquisition to close by mid-2026

Chart Industries

29/10/2025 10:41

Overview

Chart Industries Q3 sales grew 3.6% to $1.10 bln, missing analyst expectations

Adjusted EPS for Q3 rose 27.5% yr/yr but missed analyst estimates

Company's Q3 orders increased 43.9%, driven by LNG and data centers

Outlook

Chart Industries is not providing 2025 guidance due to pending acquisition by Baker Hughes

Company expects acquisition by Baker Hughes to close by mid-2026

Company does not anticipate large orders in Q4 2025

Result Drivers

ORDER GROWTH - Q3 orders rose 43.9% driven by LNG and data center demand

HTS PERFORMANCE - Heat Transfer Systems orders increased 79.1% due to LNG and data center projects

RSL SALES DECLINE - Repair, Service and Leasing sales fell 8.4% due to non-repeat of large orders

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Miss
$1.10 bln
$1.18 bln (10 Analysts)
Q3 Adjusted EPS
Miss
$2.78
$3.02 (12 Analysts)
Q3 EPS
-$3.23
Q3 Operating income
-$88.50 mln
Q3 Orders
$1.68 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 14 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

Wall Street's median 12-month price target for Chart Industries Inc is $210.00, about 4.9% above its October 28 closing price of $199.65

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nGNX2XY1Pd

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)