Baker Hughes raises annual forecasts after Chart acquisition
BKR•Chart deal terms and market reaction
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.
Chart's contributions to the company's results are expected to be weighted to the fourth quarter, Baker Hughes said.
Baker Hughes shares were up 1.2% in premarket trading.
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.
Baker Hughes raises full-year revenue and EBITDA forecasts
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.
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.
