Baker Hughes (BKR) Raises 2026 Revenue Guidance to $30.30 Billion

Published on Β· Source: finance.yahoo.com

Baker Hughes (BKR) Raises 2026 Revenue Guidance to $30.30 Billion

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Summarized by AI from the source below

Baker Hughes Company (NASDAQ: BKR) raised its 2026 revenue guidance to between $28.50 billion and $30.30 billion, up from the previous range of $26.65 billion to $28.05 billion. Additionally, the adjusted EBITDA outlook increased to $4.88 billion to $5.48 billion, from $4.6 billion to $5.1 billion. The adjustments stem from Baker Hughes' $13.6 billion acquisition of Chart Industries, which supports its move beyond traditional oilfield services. However, investor concerns remain regarding the near-term earnings contribution from Chart, anticipated to be $1.85 billion to $2.25 billion in revenue this year, falling short of analyst expectations. This matters for investors as the anticipated earnings growth may not meet market expectations, influencing BKR's share price.

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