Chart Industries Shareholders Approve Acquisition by Baker Hughes

Chart Industries shareholders approve Baker Hughes acquisition, enhancing capabilities in energy and industrial technology, pending regulatory approval.

Quiver AI Summary

Baker Hughes announced that the shareholders of Chart Industries have approved its acquisition of the company, a move expected to complete by mid-2026 pending regulatory approvals. This acquisition is part of Baker Hughes' strategy to enhance its position as a leading energy and industrial technology provider, expanding its capabilities in growth areas such as LNG and clean energy. The company’s Board is also reviewing other potential value creation opportunities, including recent strategic moves like divesting certain product lines and acquiring Continental Disc Corporation. Baker Hughes' CEO Lorenzo Simonelli expressed optimism about capitalizing on the combined strengths of both companies, while affirming their commitment to delivering substantial shareholder value. The company reaffirmed its guidance for the third quarter and full year of 2025.

Potential Positives

Shareholders of Chart Industries have approved the acquisition by Baker Hughes, which is a key milestone for Baker Hughes in executing its strategic growth plan.
The acquisition is expected to enhance Baker Hughes’ Industrial & Energy Technology segment and expand its capabilities in high-growth markets such as LNG, data centers, and clean energy.
The transaction is anticipated to support resilient earnings and cash flow for Baker Hughes, contributing positively to long-term shareholder value.
Baker Hughes has delivered substantial total shareholder returns in recent years, indicating strong performance and a commitment to enhancing shareholder value through strategic acquisitions like that of Chart Industries.

Potential Negatives

Potential regulatory hurdles could delay the completion of the acquisition, impacting the Company's strategic timeline.
The need for a comprehensive evaluation of capital allocation, cost structure, and operations may indicate existing inefficiencies or challenges within Baker Hughes.
The ongoing sale of certain divisions may signal a restructuring or potential lack of focus on core business areas.

FAQ

What acquisition has Baker Hughes recently announced?

Baker Hughes announced the acquisition of Chart Industries, following approval from Chart's shareholders.

When is the acquisition of Chart Industries expected to be completed?

The acquisition is anticipated to be completed in mid-2026, pending regulatory approvals.

How will the acquisition impact Baker Hughes?

The acquisition will enhance Baker Hughes’ capabilities in energy and industrial applications, particularly in high-growth markets.

What other recent steps has Baker Hughes taken for value creation?

Baker Hughes has also sold its Precision Sensors & Instrumentation line and formed a joint venture with Cactus.

What is Baker Hughes' recent performance in shareholder returns?

Baker Hughes has delivered total shareholder returns of 340% over the past five years, significantly outperforming peers.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$BKR Congressional Stock Trading

Members of Congress have traded $BKR stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $BKR stock by members of Congress over the last 6 months:

REPRESENTATIVE LISA C. MCCLAIN sold up to $15,000 on 06/10.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$BKR Insider Trading Activity

$BKR insiders have traded $BKR stock on the open market 10 times in the past 6 months. Of those trades, 0 have been purchases and 10 have been sales.

Here’s a breakdown of recent trading of $BKR stock by insiders over the last 6 months:

LORENZO SIMONELLI (Chairman, President and CEO) sold 526,568 shares for an estimated $23,390,150
MARIA C BORRAS (Chief Growth & Experience Ofcr) has made 0 purchases and 3 sales selling 110,282 shares for an estimated $4,662,644.
SREEGANESH RAMASWAMY (EVP, Industrial & Energy Tech) sold 25,000 shares for an estimated $1,250,000
JAMES E APOSTOLIDES (Chief Infra & Performance Ofcr) has made 0 purchases and 2 sales selling 10,016 shares for an estimated $449,462.
REBECCA L CHARLTON (SVP, Controller & CAO) has made 0 purchases and 3 sales selling 7,500 shares for an estimated $304,940.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$BKR Hedge Fund Activity

We have seen 397 institutional investors add shares of $BKR stock to their portfolio, and 480 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO added 12,950,537 shares (+13.2%) to their portfolio in Q2 2025, for an estimated $496,523,588
CAPITAL WORLD INVESTORS added 11,035,444 shares (+33.1%) to their portfolio in Q2 2025, for an estimated $423,098,922
FMR LLC removed 7,973,901 shares (-40.0%) from their portfolio in Q2 2025, for an estimated $305,719,364
DEUTSCHE BANK AG\ removed 4,192,663 shares (-51.2%) from their portfolio in Q2 2025, for an estimated $160,746,699
AQR CAPITAL MANAGEMENT LLC removed 4,118,129 shares (-75.5%) from their portfolio in Q2 2025, for an estimated $157,889,065
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC added 3,514,397 shares (+68.5%) to their portfolio in Q2 2025, for an estimated $134,741,980
PRICE T ROWE ASSOCIATES INC /MD/ removed 3,502,071 shares (-31.3%) from their portfolio in Q2 2025, for an estimated $134,269,402

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$BKR Analyst Ratings

Wall Street analysts have issued reports on $BKR in the last several months. We have seen 11 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Melius Research issued a "Buy" rating on 08/20/2025
BMO Capital issued a "Outperform" rating on 07/30/2025
Evercore ISI Group issued a "Outperform" rating on 07/30/2025
Morgan Stanley issued a "Overweight" rating on 07/29/2025
Barclays issued a "Overweight" rating on 07/24/2025
Susquehanna issued a "Positive" rating on 07/24/2025
Stifel issued a "Buy" rating on 07/16/2025

To track analyst ratings and price targets for $BKR, check out Quiver Quantitative's $BKR forecast page.

$BKR Price Targets

Multiple analysts have issued price targets for $BKR recently. We have seen 12 analysts offer price targets for $BKR in the last 6 months, with a median target of $51.0.

Here are some recent targets:

James West from Melius Research set a target price of $60.0 on 08/20/2025
Josh Silverstein from UBS set a target price of $46.0 on 07/30/2025
Phillip Jungwirth from BMO Capital set a target price of $53.0 on 07/30/2025
James West from Evercore ISI Group set a target price of $55.0 on 07/30/2025
Connor Lynagh from Morgan Stanley set a target price of $55.0 on 07/29/2025
David Anderson from Barclays set a target price of $53.0 on 07/24/2025
Charles Minervino from Susquehanna set a target price of $52.0 on 07/24/2025

Full Release

Chart Industries shareholders approve acquisition by Baker Hughes
Performing a comprehensive evaluation of capital allocation, business, cost structure and operations to continue delivering shareholder value

HOUSTON and LONDON, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ: BKR) (“Baker Hughes” or “the Company”) today announced that shareholders of Chart Industries (“Chart”) approved the pending acquisition by Baker Hughes. The completion of this transaction, anticipated for mid-year 2026 pending regulatory approvals, represents a significant step forward in Baker Hughes’ strategy to position itself as a premier energy and industrial technology company. In connection with the acquisition, the Baker Hughes Board of Directors continues its review of additional value creation opportunities.

The acquisition of Chart is one of several steps that is accelerating the Company’s strategy of becoming a leading energy and industrial solutions provider focused on delivering substantial value to shareholders. Other recent steps have included the pending sale of the Precision Sensors & Instrumentation product line and the Surface Pressure Control joint venture with Cactus, and the acquisition of Continental Disc Corporation.

The acquisition of Chart will transform Baker Hughes’ Industrial & Energy Technology (IET) segment, bolstering the Company’s capabilities across a wider array of energy and industrial applications. The transaction will expand Baker Hughes’ presence in high-growth markets, including LNG, data centers, and clean energy, and is expected to further support resilient earnings and cash flow.

“We are pleased that Chart shareholders have approved our pending acquisition as we aim to capitalize on the momentum of both companies,” said Chairman and Chief Executive Officer Lorenzo Simonelli. “Our strategy has delivered total shareholder returns ¹ of 340% over the past five years, 150% over the past three years and 38% in the last 12 months, significantly outperforming our peers. With the pending acquisition of Chart, we are undertaking a comprehensive evaluation of our capital allocation focus, business, cost structure and operations, with a view toward delivering additional value for our shareholders.”

The Company also reaffirms its third-quarter and full-year 2025 guidance as provided on July 23, 2025.

About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com .

For more information, please contact:

Investor Relations

Chase Mulvehill
+1 346-297-2561
[email protected]

Media Relations

Adrienne M. Lynch
+1 713-906-8407
[email protected]

________________________ ¹ As of 9/30/25. The 1-, 3- and 5-year total shareholder return reflects the return on an investment in Baker Hughes Class A Common Stock over each period and assumes reinvestment of dividends when received.