Chart Industries Q4 Revenue at $1.08B, Below Consensus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 27 2026
0mins
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."
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Analyst Views on GTLS
Wall Street analysts forecast GTLS stock price to rise
5 Analyst Rating
0 Buy
5 Hold
0 Sell
Hold
Current: 207.060
Low
210.00
Averages
210.67
High
212.00
Current: 207.060
Low
210.00
Averages
210.67
High
212.00
About GTLS
Chart Industries, Inc. is engaged in the designing, engineering, and manufacturing of process technologies and equipment for gas and liquid molecule handling for the Nexus of Clean-clean power, clean water, clean food, and clean industrials, regardless of molecule. The Company's Cryo Tank Solutions segment designs and manufactures and supplies bulk, microbulk and mobile equipment used in the storage, distribution, vaporization, and application of industrial gases and certain hydrocarbons. Its Heat Transfer Systems segment facilitates natural gas, petrochemical processing, petroleum refining, power generation and industrial gas companies in the production or processing of their products. Its Specialty Products segment supplies highly engineered equipment and process technologies used in specialty end-market applications for hydrogen and helium, LNG, biofuels, carbon capture, food and beverage, metals and mining, aerospace, space exploration, lasers, and water treatment, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Value Appreciation: By the end of the quarter, the position's value increased to $74.73 million, reflecting both new share purchases and appreciation in share price, which suggests growing market recognition of Tri Pointe.
- Strengthened Market Position: Following its acquisition by Sumitomo Forestry, Tri Pointe Homes became a wholly-owned subsidiary, poised to leverage its strong financial position and nearly $1 billion in backlog to solidify its standing in the U.S. housing market.
- Future Growth Potential: Sumitomo Forestry aims to supply 23,000 homes annually in the U.S. by 2030, with Tri Pointe's multi-brand strategy and local market expertise supporting this goal, making it an attractive option for long-term investors.
See More
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- Regulatory Review Timeline: The EU antitrust regulators are set to decide by June 26 whether to approve the deal, with the possibility of demanding concessions after the preliminary review or initiating a full-scale investigation if serious competition concerns arise.
- Chart Industries Business Profile: Chart Industries manufactures industrial equipment such as valves and measurement technology for gas and liquid molecule handling, operating 65 manufacturing locations and over 50 service centers globally, indicating its extensive market reach.
- Market Impact Analysis: If approved, this acquisition would position Baker Hughes more competitively in the rapidly growing liquefied natural gas market, while also potentially raising broader concerns about industry consolidation.
See More
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- Share Increase: On February 17, 2026, Whitebox Advisors disclosed the purchase of 242,395 shares of Chart Industries, valued at approximately $49.12 million, reflecting strong confidence in the company, bringing total holdings to 560,001 shares worth $115.49 million.
- Asset Allocation: This increase raises Chart Industries' stake to 1.64% of Whitebox Advisors' 13F reportable assets, highlighting its significance in the investment portfolio, particularly given the growth potential in the energy and industrial gas markets.
- Market Performance: As of last Friday, Chart Industries shares were priced at $207.03, up 33.3% over the past year, significantly outperforming the S&P 500's roughly 16% gain, indicating optimistic market expectations for future growth.
- Future Outlook: Chart Industries' orders reached $5.68 billion last year, a 13.4% increase, with backlog climbing 21.5% to nearly $5.9 billion, showcasing strong growth potential in capital-intensive sectors like LNG and carbon capture.
See More
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- Increased Holdings: In Q4 2026, Whitebox Advisors acquired an additional 242,395 shares of Chart Industries, with an estimated trade value of $49.12 million, reflecting confidence in the company's growth prospects.
- Value Appreciation: By quarter-end, Whitebox's total stake reached 560,001 shares valued at $115.49 million, marking a $51.92 million increase from the previous quarter, indicating positive market sentiment towards Chart Industries.
- Strong Order Backlog: Chart Industries reported $5.68 billion in orders last year, a 13.4% increase, underscoring robust demand in LNG infrastructure and carbon capture, providing high visibility into future revenues.
- Acquisition Progress: The acquisition deal for Chart Industries, approved by shareholders, is expected to close in Q2 2026 at $210 per share, reflecting optimistic market expectations regarding the transaction's completion.
See More
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- Helium Supply Disruption: The ongoing conflict in the Middle East has severely impacted helium production in Qatar, which could lead to a global helium shortage affecting critical industries such as semiconductors, industrial manufacturing, and medical imaging, potentially increasing production costs across these sectors.
- Price Surge: The closure of the Strait of Hormuz has caused spot helium prices to spike by 70% to 100% within just over a week, placing direct financial pressure on semiconductor manufacturers who rely on helium, forcing them to adjust their procurement strategies to cope with rising costs.
- Priority Shift in Industries: In the event of helium shortages, the semiconductor industry is prioritized for allocations; however, all sectors will feel the impact, particularly non-critical applications like party balloons, which may face significant supply shortages.
- Delayed Market Response: Although the helium market had been oversupplied for the past two years, the current shortage is expected to create a supply deficit of about 15% rather than 30%, indicating that price increases may not immediately reflect in long-term contracts, potentially affecting overall industry profitability.
See More
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- Positive Market Response: The successful pricing of this debt offering reflects investor confidence in Baker Hughes' financial health, which is expected to provide the necessary liquidity to navigate market fluctuations and seize investment opportunities.
- Planned Use of Funds: Baker Hughes intends to utilize the proceeds from this debt financing to support its operations and strategic investments, particularly in the energy transition and renewable energy sectors, further solidifying its market position.
- Long-term Strategic Positioning: Through this debt issuance, Baker Hughes not only enhances its financial flexibility but also lays the groundwork for future acquisition opportunities and technological innovations, showcasing the company's optimistic outlook on industry prospects.
See More
