GTLS News & Events

The company said, "On October 6, 2025 Chart's (GTLS) shareholders voted to approve the company's acquisition by Baker Hughes (BKR). Under the terms of the merger agreement, Chart shareholders will be entitled to receive $210 per share of common stock in cash upon the close of the transaction. With regulatory reviews still underway in certain jurisdictions, we presently expect closing in the second quarter of 2026, understanding that the timing may evolve as those processes progress."

Reports Q revenue $1.08B, consensus $1.19B. "We saw increased demand from data center customers, including our first small-scale LNG solution inclusive of liquefaction and storage for this market. This award represents an exciting market opportunity for our gas liquefaction and storage technologies as data centers continue to pursue behind-the-meter power solutions. Chart's proven capability and experience in LNG peak shaving plants are a sustainable and cost-effective alternative to traditional gen sets. While there were no Big LNG orders in fourth quarter 2025, our second half 2025 orders increased 1.8% compared to our first half 2025 orders. Book-to-bill of 1.10 was driven by carbon capture, data center, nuclear, marine, and industrial gases and equipment markets. In the fourth quarter 2025, we booked $491.4 million of orders in Specialty Products, with strength in carbon capture, including orders for utility and industrial customers, nuclear, and marine end markets. Finally, Repair, Service and Leasing saw increased demand for spares and retrofit. Fourth quarter 2025 backlog of $5.89 billion increased $1.04 billion compared to fourth quarter 2024. We anticipate that 44% of 2025 year-end backlog will ship over the next 12 months."

Chart Industries (GTLS) has announced that Jill Evanko, President, CEO and a member of the Company's Board of Directors, will step down from her current roles to accept a new executive opportunity at a privately owned company, effective in early 2026. The Board intends to appoint an interim CEO from within the Chart organization. Evanko will continue as a senior advisor to Chart until the completion of the pending acquisition of the Company by Baker Hughes (BKR)