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Oil and gas equipment supplier Baker Hughes said on Tuesday it would acquire Chart Industries in a $13.6 billion all-cash deal, including debt, edging out rival suitor Flowserve.
HOUSTON and LONDON and ATLANTA, July 29, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) and Chart Industries (NYSE: GTLS) (“Chart”) announced Tuesday they have entered into a definitive agreement under which Baker Hughes will acquire all outstanding shares of Chart's common stock for $210 per share in cash, equivalent to a total enterprise value of $13.6 billion.
Oil and gas equipment supplier Baker Hughes is close to a $13.6 billion cash deal to acquire U.S.-based equipment manufacturer Chart Industries (GTLS.N), the Financial Times reported on Monday, citing sources familiar with the matter.
Although the revenue and EPS for Baker Hughes (BKR) give a sense of how its business performed in the quarter ended June 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Baker Hughes NASDAQ: BKR won't be a name that comes to mind in the context of rising global defense budgets. However, the company's recent earnings report shows why Baker Hughes may have an unrealized advantage as energy infrastructure, digital automation, and drone warfare become increasingly interconnected.
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the 12th time in 13 weeks, energy services firm Baker Hughes said in its closely followed report on Friday.
Baker Hughes delivered strong Q2 results, driven by cost controls and robust growth in its Industrial & Energy Technology (IET) segment. IET benefits from LNG expansion and rising data center demand, with a $31.3B backlog and recurring high-margin service revenue opportunities. Oilfield Services & Equipment (OFSE) faces headwinds from weak oil prices, but cost management has preserved margins and cash flow.
Baker Hughes Company (NASDAQ:BKR ) Q2 2025 Earnings Conference Call July 23, 2025 9:30 AM ET Company Participants Ahmed Moghal - Executive VP & CFO Chase Mulvehill - Vice President of Investor Relations Lorenzo Simonelli - Chairman, President & CEO Conference Call Participants Arun Jayaram - JPMorgan Chase & Co, Research Division J. David Anderson - Barclays Bank PLC, Research Division Saurabh Pant - BofA Securities, Research Division Scott Andrew Gruber - Citigroup Inc., Research Division Operator Good day, ladies and gentlemen, and welcome to the Baker Hughes Company Second Quarter 2025 Earnings Conference Call.
Lorenzo Simonelli, Baker Hughes CEO, joins 'Money Movers' to discuss company earnings, data center growth and meeting with the president of Mexico.