Chart Industries Reports Q3 Sales Growth, Misses Earnings Estimates Amid $13.6B Baker Hughes Acquisition

Chart Industries reported third-quarter earnings and sales that fell short of analyst expectations despite strong new order growth, driven particularly by demand in LNG and data center markets. The company posted adjusted earnings of $2.78 per share, missing estimates by about 7.6%, and revenues of $1.1 billion, which were nearly 7% below consensus. While orders surged by nearly 44% to a record $1.68 billion, Chart Industries also reported a net loss of $145.3 million primarily due to a $266 million merger termination fee related to a terminated deal with Flowserve. The company has chosen not to provide 2025 guidance as it awaits a $13.6 billion acquisition by Baker Hughes, with shareholder approval already secured. Despite the order growth and expansion through acquisitions, Chart's operating margin declined significantly and investors remain cautious, reflecting skepticism about near-term earnings until the merger closes.