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Energy technology company Baker Hughes (NASDAQ:BKR) reported Q2 CY2026 results beating Wall Street’s revenue expectations, but sales fell by 2.4% year on year to $6.74 billion. Its non-GAAP profit of $0.64 per share was 31.5% above analysts’ consensus estimates.
Chart Industries will become a new reporting segment at Baker Hughes, covering air and gas handling, thermal management and life cycle services.
European regulators are reviewing Baker Hughes’s planned $13.6b acquisition, focusing on whether product bundling could harm competition. The European Commission’s antitrust scrutiny introduces uncertainty around deal timing and potential conditions for approval. Baker Hughes (NasdaqGS:BKR) is drawing fresh attention as the European Commission examines its $13.6b acquisition plan for possible product bundling issues. The stock trades at $63.14, with returns of 33.9% year to date and 64.5%...
Chart Industries, Inc. (NYSE:GTLS) is progressing with its planned merger with Baker Hughes as the European Commission starts a Phase I antitrust review. The company confirmed that regulatory clearance in Europe is a key condition for closing the deal. Chart Industries also highlighted the potential for timing delays and the possibility that the transaction could be terminated if approvals are not obtained. Chart Industries focuses on equipment and solutions for liquefied natural gas,...
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