Baker Hughes Raises 2026 Revenue Outlook After Adding Chart

Key Facts

Baker Hughes raised its 2026 revenue outlook to a range of $28.5 billion to $30.3 billion. In a September 9 filing, the company said the updated outlook includes Chart's contribution following completion of the acquisition on July 16.

The company also raised its 2026 adjusted EBITDA outlook to a range of $4.875 billion to $5.475 billion. This company-defined measure excludes certain items and should be read alongside the formal accounting results when they are released.

Baker Hughes expects Chart to contribute revenue of $1.85 billion to $2.25 billion and EBITDA of $300 million to $400 million during 2026. The figures exclude Chart's results before the transaction closed on July 16, and the company expects the contribution to be weighted toward the fourth quarter.

Baker Hughes completed the Chart acquisition on July 16 and established it as a third reporting segment. Chart generated $4.3 billion of revenue in 2025 and serves customers in more than 50 countries.

The company expects Chart's capabilities to expand its serviceable addressable market in selected growth areas to $57 billion by 2030, from $36 billion for Baker Hughes without Chart, an increase of 58%. This is a market- and time-specific measure, not an estimate of an unrestricted total market.

On integration, Baker Hughes said it had executed $35 million of synergy actions since closing and is targeting $325 million of annualized cost synergies within 3 years. It also aims to increase Chart's EBITDA margin from about 17% in the second half of 2026 to a range of 22% to 23% in the second half of 2028.

Baker Hughes kept the outlooks for its existing segments unchanged, indicating that the increase in group guidance primarily reflects the addition of Chart from July 16. The company says results will be affected by integration progress, LNG project timing, order conversion, soft hydrogen demand and the costs of first-of-a-kind projects.