Chart Industries Stock Price, News & Analysis

Chart Industries (NYSE: GTLS) announced that Jill Evanko, president and CEO, will step down from her roles to join a private company, effective early 2026. She will remain a senior advisor to Chart through completion of the pending acquisition by Baker Hughes (NASDAQ: BKR) to support a seamless transition.

The Board plans to appoint an interim CEO from within Chart. The Baker Hughes transaction has been approved by Chart shareholders, the Hart-Scott-Rodino waiting period has expired, and the deal remains on track to close by mid-2026, subject to customary conditions and other regulatory approvals.

Chart Industries (NYSE: GTLS) reported third quarter 2025 results for the period ended September 30, 2025, highlighted by record orders of $1.68 billion (+43.9% YoY) and sales of $1.10 billion (+3.6% YoY). The company recorded a $266 million expense for a merger termination fee to Flowserve and recognized a $258 million liability related to potential repayment to Baker Hughes. Adjusted operating income margin was 22.9% and adjusted EBITDA margin was 25.2%. Free cash flow was $94.7 million for the quarter and net leverage improved to 2.78. Chart’s shareholders approved Baker Hughes’ $210 per share cash acquisition on October 6, 2025; the transaction is expected to close mid-2026 subject to regulatory approvals.

Segment takeaways: HTS orders rose 79.1% and HTS adjusted margin improved 1,010 bps; Specialty Products orders rose 84.4%; CTS and RSL saw sales declines and notable margin pressure.

Chart Industries (NYSE: GTLS) will release its third quarter 2025 earnings prior to market open on October 29, 2025. The company said it will not host a webcast or conference call to discuss results.

Investors should review the release on the company's investor relations page for full financial details when published.

Chart Industries (NYSE: GTLS) was awarded a contract in Q3 2025 by Bechtel to supply air-cooled heat exchangers, brazed aluminum heat exchangers, and cold boxes for Sempra Infrastructure’s Port Arthur LNG Phase 2 development in Jefferson County, Texas. Chart previously supplied equipment for Phase 1 and will continue supporting the site’s expansion to help ensure reliable, efficient LNG operations. Chart's CEO Jill Evanko commented on the company’s role and congratulated Sempra Infrastructure and Bechtel on project progress and scale-up decisions.

Chart Industries (NYSE: GTLS) shareholders approved the company’s acquisition by Baker Hughes (NASDAQ: BKR) at a special meeting held on October 6, 2025.

Under the definitive merger agreement, Chart shareholders will receive $210.00 per share in cash upon closing. Management said the vote delivers the transaction to shareholders and the company expects completion by mid‑2026, subject to customary closing conditions and required regulatory approvals. Final voting totals will be reported in a Form 8‑K filed with the SEC.

Chart Industries (NYSE: GTLS) reported strong Q2 2025 financial results with orders reaching $1.50 billion, up 28.6% year-over-year. Sales increased 4.0% to $1.08 billion, while adjusted EPS grew 18.8% to $2.59.

Key performance metrics include adjusted EBITDA of $267.3 million (24.7% of sales) and free cash flow of $124.0 million, up 40.9%. The company maintained strong gross margins at 33.6% and achieved an adjusted operating income margin of 21.1%. Notably, Chart's commercial pipeline reached a record $24 billion.

The company announced it will be acquired by Baker Hughes and has withdrawn its 2025 guidance. Significant growth was seen across segments, with space exploration sales up 60.7%, hydrogen sales increasing 29.3%, and LNG sales growing 37.6% year-over-year.

Flowserve Corporation (NYSE: FLS) reported strong Q2 2025 results, with solid bookings of $1.1 billion, including $621 million in aftermarket bookings. The company achieved significant margin improvements, with adjusted operating margin expanding 210 basis points to 14.6%. Q2 adjusted EPS reached $0.91, up 24.7% year-over-year.

Following these results, Flowserve increased its full-year 2025 adjusted EPS guidance to $3.25-$3.40, representing over 25% growth at the midpoint versus last year. The company also announced the termination of its merger agreement with Chart Industries, receiving a $266 million termination payment after Chart received a superior proposal from Baker Hughes.

Key financial metrics include $154.1 million in operating cash flow and a backlog of $2.85 billion, up 6.3% year-over-year. The company maintains its organic sales growth guidance of 3-4% for 2025.

Chart Industries (NYSE:GTLS) has announced the termination of its previously announced merger agreement with Flowserve Corporation (NYSE:FLS). The termination comes as Chart's Board of Directors determined that a competing acquisition proposal from Baker Hughes (Nasdaq:BKR) constitutes a "Superior Chart Proposal."

The company has subsequently entered into a definitive agreement with Baker Hughes, which was announced separately. Wells Fargo is acting as financial advisor, while Winston & Strawn LLP serves as legal advisor to Chart. Collected Strategies has been appointed as Chart's strategic communications advisor.

Flowserve Corporation (NYSE: FLS) has announced the termination of its previously announced merger agreement with Chart Industries (NYSE: GTLS). The termination comes after Chart received a superior proposal from Baker Hughes (NASDAQ: BKR). As per the merger agreement terms, Flowserve will receive a $266 million termination payment.

CEO Scott Rowe emphasized the company's strong position, highlighting their successful execution of the 3D growth strategy—Diversify, Decarbonize, and Digitize. The company remains focused on generating strong free cash flow and investing in innovation while maintaining financial discipline. The Flowserve Business System continues to enhance productivity, expand margins, and accelerate decision-making.