Baker Hughes lifts FY26 adjusted EBITDA outlook to USD 5.18 billion midpoint after Chart deal closes
BKR•Chart acquisition and financial targets
Chart acquisition assumptions include contribution beginning July 16, 2026, with:
- Revenue of USD 1.85 billion to USD 2.25 billion
- EBITDA of USD 300 million to USD 400 million
Baker Hughes said free cash flow conversion is targeted at 40% to 45%, and leverage is targeted at 1.0x to 1.5x by 2H'28.
Company outlines FY'26 guidance and strategy
Baker Hughes outlined its strategy at the Barclays 40th Annual Energy-Power Conference, highlighting a $400 billion-plus total addressable market.
Updated FY'26 guidance:
- Revenue: USD 28.5 billion to USD 30.3 billion
- Adjusted EBITDA: USD 4.88 billion to USD 5.48 billion
Segment outlook:
- OFSE revenue: USD 13.5 billion to USD 14.2 billion
