Chart Industries Reports Q1 Loss of $0.36 EPS on 11.7% Revenue Decline
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Chart Industries reported first-quarter 2026 results with a net loss of ($0.36) per share and an 11.7% year-over-year revenue decline to $884.8 million. The company cited lower sales across all segments, contracting gross margins due to lower volumes, unfavorable product mix, and increased costs. This operational deterioration comes as Chart Industries is nearing the completion of its acquisition by Baker Hughes for $210 per share, with shareholder approval already secured and closing anticipated in Q2 2026. While the negative financial performance is significant, its immediate impact on the stock price is likely mitigated by the pending acquisition, as the stock is currently trading close to the deal price. Traders will primarily focus on the regulatory timing and successful closing of the Baker Hughes merger.
At the time of this announcement, GTLS was trading at $207.79 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $9.9B. The 52-week trading range was $140.50 to $208.51. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.