Baker Hughes (BKR.O) raised its full-year 2026 guidance, buoyed by the strategic benefits of its $13.6 billion acquisition of Chart Industries. At the Barclays Energy Conference, CEO Lorenzo Simonelli expressed optimism for a broad recovery in liquefied natural gas (LNG) order visibility moving into 2027.
📌 Key Metrics & Financial Updates:
- Revenue Guidance Boost: Now projected at $28.50B – $30.30B for FY2026 (up from $26.65B – $28.05B).
- Adjusted EBITDA: Raised to $4.88B – $5.48B (up from $4.6B – $5.1B).
- Acquisition Milestones: Chart Industries expected to contribute 55% to 65% of its core profit segment in Q4 due to mid-July transaction completion and seasonal weighting.
- Market Response: Shares rose 3.2% in early trading following the announcement.
💥 Outlook: While near-term margins face slight pressure from equipment timing and soft hydrogen demand, the combined platform positions Baker Hughes for accelerated growth as equipment demand recovers.