Baker Hughes raises annual forecasts after Chart acquisition

On Wednesday, Sept 9, U.S. oilfield services provider Baker Hughes increased its full-year revenue projection, pointing to the advantages from its $13.6 billion purchase of industrial equipment maker Chart Industries, which was completed earlier this year.

The transaction closed in July after the company secured EU antitrust clearance on the condition that it divest Chart’s proprietary process technology as well as its small-scale process technology business, and also guarantee that its equipment remains interoperable with third-party LNG systems.

Baker Hughes now anticipates 2026 revenue in the range of $28.50 billion to $30.30 billion, an increase from its previous outlook of $26.65 billion to $28.05 billion.

For annual adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), the company projects $4.88 billion to $5.48 billion, versus its earlier forecast of $4.6 billion to $5.1 billion.

In premarket trading, Baker Hughes shares rose 1.2%.

Baker Hughes noted that Chart’s contributions to its financial results are likely to be concentrated in the fourth quarter.

According to data compiled by LSEG, analysts on average expect the company to report 2026 revenue of $28.31 billion and core earnings of $5.09 billion.