Baker Hughes Provides Shareholder Update

Rhea-AI Summary

Baker Hughes (NASDAQ: BKR) announced that Chart Industries shareholders approved Baker Hughes' pending acquisition on Oct 6, 2025. The transaction is expected to close mid‑2026 pending regulatory approvals and is described as transforming the Company's Industrial & Energy Technology (IET) segment by expanding capabilities across LNG, data centers, and clean energy.

The Company said the deal accelerates its strategy and listed recent moves including the pending sale of Precision Sensors & Instrumentation, a Surface Pressure Control JV with Cactus, and the acquisition of Continental Disc Corporation. Baker Hughes reaffirmed its Q3 and full‑year 2025 guidance and noted recent total shareholder returns of 340% (5y), 150% (3y), and 38% (12mo).

Positive

• Chart shareholders approved acquisition on Oct 6, 2025
• Transforms IET segment across energy and industrial applications
• Expands presence in LNG, data centers, and clean energy markets
• Reaffirmed Q3 and full‑year 2025 guidance
• Total shareholder return +340% (5y), +150% (3y), +38% (12mo)

Negative

• Completion anticipated mid‑2026 pending regulatory approvals
• Board conducting comprehensive capital allocation review may change near‑term actions

Insights

Strategic M&A Analyst

Acquisition cleared shareholder vote; integration will reshape IET and aims to boost growth in LNG, data centers and clean energy.

Baker Hughes secured shareholder approval for acquiring Chart Industries, with closing expected mid-year 2026 pending regulatory approval. The deal is presented as a structural move to expand the Industrial & Energy Technology segment and access high-growth end markets.

The company also reaffirmed its previously issued Q3 and full-year 2025 guidance, and management is conducting a comprehensive review of capital allocation, costs and operations. Key disclosed metrics include total shareholder returns of 340% (five years), 150% (three years) and 38% (12 months), which management cites as context for pursuing further value-creation actions.

Watch for regulatory clearance timing toward mid-year 2026, integration milestones, and outcomes from the board’s capital allocation review; these items will determine near-term earnings and cash-flow implications. Expect the most material updates over the next 6–12 months as approvals and integration plans are disclosed.

• 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 returns¹ 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
investor.relations@bakerhughes.com

Media Relations

Adrienne M. Lynch
+1 713-906-8407
adrienne.lynch@bakerhughes.com

________________________
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.

FAQ

When did Baker Hughes (BKR) announce Chart shareholder approval?

Baker Hughes announced Chart shareholder approval on Oct 6, 2025.

What is the expected closing timeline for Baker Hughes' acquisition of Chart (BKR)?

The transaction is anticipated to close in mid‑2026, subject to regulatory approvals.

How will the Chart acquisition affect Baker Hughes' IET segment (BKR)?

Baker Hughes says the deal will transform the IET segment, expanding capabilities across energy and industrial applications.

Did Baker Hughes (BKR) change its 2025 guidance after the Chart deal announcement?

No, Baker Hughes reaffirmed its Q3 and full‑year 2025 guidance as previously provided.

Which markets does Baker Hughes (BKR) expect to expand into with the Chart acquisition?

The company expects expanded presence in LNG, data centers, and clean energy markets.

What other recent transactions did Baker Hughes (BKR) cite alongside the Chart deal?

The company cited the pending sale of Precision Sensors & Instrumentation, a Surface Pressure Control JV with Cactus, and the acquisition of Continental Disc Corporation.