Recent Updates — BKR
Baker Hughes Company filed an amendment to its Form 8-K to include audited and unaudited financial statements for Chart Industries, Inc., and pro forma combined financial information following the completion of Baker Hughes' acquisition of Chart on July 16, 2026. The all-cash transaction valued at $210 per share resulted in preliminary merger consideration of approximately $14.8 billion, funded by cash on hand and two $1 billion term loans. Pro forma results for the year ended December 31, 2025, show combined revenue of $31.6 billion and net income attributable to Baker Hughes of $2.1 billion. The company agreed to dispose of Chart’s Integrated Pre-cooled Single Mixed Refrigerant business as a condition of regulatory approval. Baker Hughes operates in the energy technology sector, providing equipment and services for oil and gas production, processing, and refining.
On September 9, 2026, Baker Hughes Co Chairman and CEO Lorenzo Simonelli presented at the Barclays 2026 CEO Energy-Power Conference in New York. The presentation disclosed updated fiscal year 2026 financial guidance incorporating results from the July 16, 2026 acquisition of Chart Industries. Full-year revenue is guided to $28.5 billion–$30.3 billion with adjusted EBITDA of $4.875 billion–$5.475 billion. The company outlined a path to 22%–23% EBITDA margins for the Chart segment by late 2028, targeting $35 million in annualized cost synergies. Baker Hughes Co operates in the energy technology and oilfield services industry.
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.