Baker Hughes Company announced second-quarter 2026 financial results, reporting revenue of $6.74 billion, a 2% decrease year-over-year. Attributable net income was $681 million, compared to $701 million in the prior-year period. The company reported orders of $10.5 billion, including $7.1 billion in Industrial & Energy Technology (IET) orders, which doubled year-over-year. Remaining Performance Obligations (RPO) reached $40.1 billion. Key strategic activities included the completion of the Chart Industries acquisition and the announced sale of Waygate Technologies for approximately $1.45 billion. The company reported adjusted diluted EPS of $0.64 and free cash flow of $1.11 billion. Baker Hughes is an energy technology company providing solutions to energy and industrial customers.

Baker Hughes completed its acquisition of Chart Industries, Inc. on July 16, 2026, with Chart shareholders receiving $210.00 per share in cash. The transaction was funded through cash on hand, $6.5 billion and €3.0 billion in senior notes, and $2.0 billion in new term loan credit agreements with Bank of America and UniCredit. Baker Hughes expects to realize $325 million in annualized cost synergies within three years. Baker Hughes is an energy technology company providing solutions to energy and industrial customers worldwide.

Baker Hughes is in discussions with the European Commission regarding potential commitments required to secure regulatory clearance for its acquisition of Chart Industries, Inc. Following a Form CO submission on May 21, 2026, the company expects the merger to close in July 2026, despite possible extensions to the Phase I review period due to these discussions. The company stated that any adopted commitments are not expected to materially impact the commercial rationale or benefits of the transaction. Baker Hughes is an energy technology company providing solutions for energy and industrial customers.

Baker Hughes has initiated the European Commission's Phase I review period for its acquisition of Chart Industries by filing a Form CO on May 21, 2026. The company expects the merger to close in July 2026, subject to regulatory approvals and other customary closing conditions.

Baker Hughes stockholders approved the company's 2026 Long-Term Incentive Plan and an amended Employee Stock Purchase Plan during the 2026 Annual Meeting. The approved LTIP includes a reserve of 9,500,000 new Class A common shares, while the amended ESPP increases the share reserve by 9,500,000 for a total of 14,408,532 shares.

Baker Hughes announced its financial results for the first quarter ended March 31, 2026, and scheduled a conference call for April 24 to discuss the findings. This announcement is material as it provides the primary update on the company's quarterly operational performance and financial health.