Key facts
- Baker Hughes raised its 2026 revenue forecast to $28.50 billion - $30.30 billion.
- The company also increased its 2026 adjusted EBITDA forecast to $4.88 billion - $5.48 billion.
- The acquisition of Chart Industries, valued at $13.6 billion, was completed in July.
- EU antitrust approval for the deal required Baker Hughes to divest certain Chart process technology assets.
- Chart's contributions are expected to be weighted towards the fourth quarter.
Baker Hughes, a U.S. oilfield services provider, has raised its full-year revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) forecasts for 2026. The upward revision reflects the benefits derived from its $13.6 billion acquisition of industrial equipment maker Chart Industries, a deal that was completed in July.
The company now anticipates revenues in the range of $28.50 billion to $30.30 billion for 2026, an increase from its previous projection of $26.65 billion to $28.05 billion. Similarly, the adjusted EBITDA forecast for 2026 has been revised to $4.88 billion to $5.48 billion, up from the earlier estimate of $4.6 billion to $5.1 billion.
The European Union granted antitrust approval for the acquisition earlier this year, contingent upon Baker Hughes divesting Chart's proprietary process technology and its small-scale process technology business. The approval also mandated ensuring interoperability of its gear with third-party LNG equipment.
Baker Hughes indicated that Chart's contributions to its financial results are expected to be more heavily weighted towards the fourth quarter. In premarket trading, Baker Hughes shares saw a 1.2% increase. Analysts, according to LSEG data, anticipate Baker Hughes to report revenue of $28.31 billion and core profit of $5.09 billion in 2026.
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