Baker Hughes stock gains as Chart deal lifts 2026 guidance

Baker Hughes Company stock (ISIN US0567521085) is trading near USD 64 after the energy technology group raised its 2026 revenue and EBITDA guidance on September 9, 2026 to reflect the acquisition of Chart Industries, signaling stronger growth expectations for the coming years.

Guidance raised after Chart acquisition

According to Reuters on September 9, 2026, Baker Hughes updated its annual forecasts following the closing of its purchase of Chart Industries, highlighting an expected recovery in liquefied natural gas (LNG) activity and a broader growth runway in industrial and energy technology markets.

In an SEC Form 8-K filing summarised by Seeking Alpha on September 9, 2026, the company said it now anticipates full-year 2026 revenues of USD 28.5 billion to USD 30.3 billion, up from its previous guidance range and reflecting the consolidation of Chart’s business into Baker Hughes’ portfolio.

The same filing outlined an updated expectation for adjusted EBITDA in fiscal year 2026, with guidance in the mid-to-high single-digit billions of dollars, supporting the company’s longer-term ambition to push group EBITDA margins toward 20 percent by 2028 as described in detail by Korean portal Choicestock on September 10, 2026.

Second-quarter 2026 results underpin outlook

The updated guidance builds on solid operational momentum from the most recent quarter. As summarised by Choicestock on September 10, 2026, Baker Hughes reported second-quarter 2026 revenue of about USD 6.7 billion, with adjusted EBITDA of roughly USD 1.23 billion, reflecting robust demand in its Industrial and Energy Technology segment and strength in orders.

The same earnings coverage noted that Industrial and Energy Technology orders reached approximately USD 7.1 billion in the second quarter of 2026, a strong increase compared with the prior-year quarter when orders were materially lower, underlining the expansion of Baker Hughes’ equipment backlog and service pipeline into LNG, carbon capture and specialty industrial applications.

Choicestock further reported that the Industrial and Energy Technology segment achieved an EBITDA margin of 18.5 percent in fiscal year 2025 and that management now targets group EBITDA margins of around 20 percent by 2028, supported by integration synergies from the Chart Industries business and continued focus on higher-margin technology offerings.

Chart business adds billions in revenue potential

At the Barclays 40th Annual Energy-Power Conference held on September 9, 2026, Baker Hughes executives detailed the strategic impact of the Chart deal. According to Investing.com, the company forecast revenue of USD 1.85 billion to USD 2.25 billion and EBITDA of USD 300 million to USD 400 million for the Chart business from the mid-July 2026 closing date through year-end, implying an EBITDA margin of about 17 percent in the second half of 2026.

During the same conference presentation, management indicated that Chart’s margins are expected to rise from roughly 17 percent in the second half of 2026 to around 22 to 23 percent by the second half of 2028, suggesting that the acquisition should not only lift Baker Hughes’ top line but also support its long-term profitability trajectory as integration progresses.

Choicestock’s analysis on September 10, 2026 highlighted that Baker Hughes now projects 2026 full-year revenue of USD 28.5 billion to USD 30.3 billion, implying year-on-year growth of around 5 percent compared with its 2025 revenue base, and expects group adjusted EBITDA of roughly USD 4.875 billion to USD 5.475 billion, reinforcing the company’s confidence in its medium-term growth and margin expansion plans.

Analyst view and valuation

On the sell-side, sentiment remains constructive. Based on data compiled by MarketBeat as of September 10, 2026, Baker Hughes carries a consensus rating of Moderate Buy, with seventeen analysts assigning Buy recommendations and four rating the shares Hold.

The same MarketBeat overview reports a consensus price target of USD 70.67 for Baker Hughes stock, suggesting upside of roughly 10 percent from the current share price near USD 64 and reflecting expectations that execution on the expanded LNG and industrial technology opportunity set will translate into higher earnings over the next 12 to 24 months.

Valuation metrics are mixed. A quantitative screen from GuruFocus on September 9, 2026 noted that Baker Hughes shares at USD 63.92 were trading about 48.4 percent above the site’s proprietary GF Value estimate of USD 43.06, indicating significant overvaluation on that specific intrinsic value metric even as fundamental momentum and guidance revisions remain positive.

Oil backdrop supports demand, risks remain

The macro backdrop is broadly supportive for oilfield and energy technology suppliers. As LiquidityFinder reported on September 10, 2026, Brent crude recently topped USD 101 per barrel for the first time since July, trading near USD 100.50 and underscoring robust upstream and LNG investment incentives that should benefit Baker Hughes’ equipment and services business.

However, risks for Baker Hughes stock remain. Integrating Chart Industries at the scale envisaged while delivering on rising margin targets requires disciplined execution, and any downturn in oil and gas prices or delays in LNG project sanctions could weigh on orders and revenue growth. In addition, the divergence between analyst price targets around USD 70.67 and intrinsic value estimates like the GF Value benchmark near USD 43.06 highlights that investors are paying a premium for expected growth, leaving less room for error if guidance is not met.

Stock price and trading context

Baker Hughes shares trade on the New York Stock Exchange under the ticker BKR. Recent quotes around September 9, 2026 show the stock near USD 64, with data from a major US stock portal indicating an intraday price of about USD 64.43 in mid-session trading, modestly higher than the prior close and leaving the shares within reach of their 52-week high while still supported by upgraded guidance and a constructive oil price environment.

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