Chart Industries - GTLS STOCK NEWS

Chart Industries (NYSE: GTLS) has been selected by Blue Spruce Operating as the technology and equipment provider for the Dry Piney Helium and Carbon Sequestration Project in Sublette County, WY. The company will supply the Nitrogen Rejection Unit (NRU) and helium process technology, having successfully completed the front-end engineering and design.

The project, when fully operational, will produce over 800 million cubic feet per year of bulk liquid helium, approximately 80 MMcfpd of natural gas, and will sequester up to 4.5 million metric tons of CO2 annually through two separate gas processing trains. Chart will provide operational support throughout the project's multi-decade lifespan.

Chart Industries (NYSE: GTLS) reported strong Q4 and full year 2024 results, with Q4 orders reaching $1.55 billion, up 29.4% year-over-year, including the Woodside Louisiana LNG phase one order. Q4 sales grew 10.8% to $1.11 billion, with adjusted EBITDA margin expanding 190bps to 25.6%.

Full year 2024 performance showed orders of $5.01 billion (up 13.2%) and sales of $4.16 billion (up 17.5%). The company achieved significant margin improvements, with adjusted operating margin increasing 400bps to 21.1%. Free cash flow reached $387.9 million for the year.

Notable achievements include reaching a 2.80 net leverage ratio, signing key partnerships with ExxonMobil and Bloom Energy, and strong performance across segments. The company maintains its 2025 outlook with expected sales of $4.65-4.85 billion and adjusted EBITDA of $1.175-1.225 billion.

Chart Industries (NYSE: GTLS), a global leader in energy and industrial gas solutions, has announced its participation in multiple investor conferences in March 2025. CEO Jill Evanko will attend the Raymond James 46th Annual Institutional Investors Conference in Orlando on March 4 and the Bank of America Global Industrials Conference in London on March 19, where she will give a presentation at 11:25 AM GMT.

Additionally, Chart executives will participate in three New York-based events on March 5-6: the Jefferies Power, Utilities & Clean Energy Conference, the Morgan Stanley Energy & Power Conference, and the Barclays Industrial Energy & Infrastructure Corporate Access Day. A live webcast of the London presentation will be available on Chart's website, with a replay accessible after the event.

Bloom Energy (NYSE: BE) and Chart Industries (NYSE: GTLS) have announced a strategic partnership focused on carbon capture technology. The collaboration aims to provide near zero-carbon, always-on power solutions using natural gas and fuel cells, targeting customers like data centers and manufacturers.

The partnership leverages Bloom's proprietary high-temperature fuel cell technology, which converts natural gas without combustion, producing a CO₂-rich stream with 15 times lower mass flow and ten times higher CO2 concentration compared to conventional technologies. Chart will process Bloom's high-purity CO2 exhaust stream for utilization or sequestration.

This initiative addresses the growing carbon storage market, which Morgan Stanley expects to reach over 500 million tonnes per annum of capacity within five years. The partnership offers an immediate pathway for carbon utilization while supporting long-term decarbonization efforts, making carbon capture more affordable and efficient for energy-intensive industries.

Chart Industries (NYSE: GTLS), a global leader in energy and industrial gas solutions, has announced it will release its fourth quarter and full year 2024 financial results before market open on February 28, 2025. The company will host a conference call at 8:30 a.m. ET on the same day to discuss the results.

Investors can join the live Q&A session via phone using toll-free number (+1) 800 549 8228 for North America or (+1) 289 819 1520 for other locations, with Conference ID: 69605. A live webcast, replay, and presentation slides will be available on the company's investor relations website. A telephone replay will be accessible until March 28, 2025, using passcode 69605.

Chart Industries (NYSE: GTLS) has been named to Newsweek's 2025 America's Most Responsible Companies list for the second consecutive year, significantly improving its position to rank #287 out of 600 companies nationwide, up 250 spots from 2024. The company achieved #32 ranking among 75 companies in the Capital Goods sector.

The recognition, determined by Newsweek and global data research firm Statista, evaluates companies based on environmental stewardship, social impact, and corporate governance. CEO Jill Evanko emphasized the company's commitment to innovation, sustainability, and community wellbeing.

Chart Industries, a global leader in clean energy and industrial gas solutions, continues to demonstrate progress in ESG initiatives. The company's 2023 Sustainability Report is available online, with the 2024 report scheduled for release in April 2025.

Chart Industries (NYSE: GTLS) has signed a global master goods and services agreement with ExxonMobil (NYSE: XOM) to provide LNG equipment, technology, and services for ExxonMobil's global portfolio of projects. The enabling agreement covers the supply of cold boxes and Chart's proprietary IPSMR® process technology.

The collaboration will implement a 'design once, build many' approach to optimize cost, schedule, and quality for LNG projects globally. This agreement builds upon Chart's existing involvement in ExxonMobil's Mozambique LNG project and aims to advance LNG production capabilities across multiple countries. Chart's cold boxes and IPSMR® technology are specifically designed to maximize efficiency, optimize performance, and support cost-effective LNG production.

Chart Industries (NYSE: GTLS), a global leader in clean energy and industrial gas solutions, has announced its participation in the Goldman Sachs Energy, CleanTech & Utilities Conference in Aventura, Florida. Jill Evanko, President and Chief Executive Officer, will engage in a fireside discussion on Wednesday, January 8th at 10:00 a.m. ET.

The event will be accessible through a live audio webcast on the company's website in the News and Events - Events and Presentations section. For those unable to attend, a replay of the webcast will be made available after the event concludes.

Chart Industries (NYSE: GTLS) has secured an order from Bechtel to provide IPSMR® liquefaction technology and cold boxes for Phase 1 of Woodside Energy's Louisiana LNG development. The project, formerly known as Driftwood LNG, will include two LNG plants with 16 cold boxes, supporting 11 MTPA of production. Each plant will feature four Heavies Removal Cold Boxes and four LNG Liquefaction Cold Boxes. The order, awarded in December 2024, will utilize Chart's energy-efficient IPSMR® process to support Woodside's clean energy initiatives.