Baker Hughes (BKR) Raises 2026 Revenue Guidance to $30.30 Billion
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowBaker 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.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Baker Hughes Company (BKR)
Baker Hughes is an oilfield-services and energy-technology company.
The Energy sector covers oil, gas and energy-equipment companies sensitive to commodity prices.
Earlier BKR news
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