Baker Hughes Co (US05722G1004)
 

47,86 USD

Stand (close): 28.10.25

Nachrichten
Datum / Uhrzeit Titel Bewertung
29.10.25 10:41:38 Chart (NYSE:GTLS) Misses Q3 Revenue Estimates
**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!** Gas handling company Chart (NYSE:GTLS) missed Wall Street’s revenue expectations in Q3 CY2025 as sales rose 3.6% year on year to $1.10 billion. Its non-GAAP profit of $2.78 per share was 11.2% below analysts’ consensus estimates. Is now the time to buy Chart? Find out in our full research report. Chart (GTLS) Q3 CY2025 Highlights: On July 28, 2025 Baker Hughes (NASDAQ: BKR) and Chart entered into a definitive agreement for Baker Hughes to acquire all outstanding shares of Chart’s common stock for $210 per share in cash. The deal is expected to close in mid-2026 Revenue: $1.10 billion vs analyst estimates of $1.17 billion (3.6% year-on-year growth, 6.3% miss) Adjusted EPS: $2.78 vs analyst expectations of $3.13 (11.2% miss) Adjusted EBITDA: $277.1 million vs analyst estimates of $308.8 million (25.2% margin, 10.3% miss) Operating Margin: -8%, down from 16.8% in the same quarter last year Free Cash Flow Margin: 8.6%, down from 16.4% in the same quarter last year Backlog: $6.05 billion at quarter end, up 33.4% year on year Market Capitalization: $8.97 billion “Our commercial momentum continues, with a third consecutive quarter of sequential orders growth driven by continued strength in our end markets, especially in LNG and data centers as customers are increasingly utilizing our full solutions and process technologies,” stated Jill Evanko, Chart Industries’ CEO and President. Company Overview Installing the first bulk Co2 tank for McDonalds’s sodas, Chart (NYSE:GTLS) provides equipment to store and transport gasses. Revenue Growth A company’s long-term sales performance can indicate its overall quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Over the last five years, Chart grew its sales at an incredible 29.3% compounded annual growth rate. Its growth surpassed the average industrials company and shows its offerings resonate with customers, a great starting point for our analysis.Chart Quarterly Revenue Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. Chart’s annualized revenue growth of 24.1% over the last two years is below its five-year trend, but we still think the results suggest healthy demand.Chart Year-On-Year Revenue Growth Chart also reports its backlog, or the value of its outstanding orders that have not yet been executed or delivered. Chart’s backlog reached $6.05 billion in the latest quarter and averaged 25.6% year-on-year growth over the last two years. Because this number is in line with its revenue growth, we can see the company effectively balanced its new order intake and fulfillment processes. Story Continues Chart Backlog This quarter, Chart’s revenue grew by 3.6% year on year to $1.10 billion, falling short of Wall Street’s estimates. Looking ahead, sell-side analysts expect revenue to grow 14.3% over the next 12 months, a deceleration versus the last two years. Despite the slowdown, this projection is admirable and suggests the market sees success for its products and services. Today’s young investors likely haven’t read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Operating Margin Operating margin is an important measure of profitability as it shows the portion of revenue left after accounting for all core expenses – everything from the cost of goods sold to advertising and wages. It’s also useful for comparing profitability across companies with different levels of debt and tax rates because it excludes interest and taxes. Chart has managed its cost base well over the last five years. It demonstrated solid profitability for an industrials business, producing an average operating margin of 11%. Looking at the trend in its profitability, Chart’s operating margin rose by 2.6 percentage points over the last five years, as its sales growth gave it operating leverage.Chart Trailing 12-Month Operating Margin (GAAP) In Q3, Chart generated an operating margin profit margin of negative 8%, down 24.8 percentage points year on year. Since Chart’s operating margin decreased more than its gross margin, we can assume it was less efficient because expenses such as marketing, R&D, and administrative overhead increased. Earnings Per Share We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company’s growth is profitable. Chart’s astounding 29.5% annual EPS growth over the last five years aligns with its revenue performance. This tells us its incremental sales were profitable.Chart Trailing 12-Month EPS (Non-GAAP) Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business. Chart’s two-year annual EPS growth of 34.6% was fantastic and topped its 24.1% two-year revenue growth. We can take a deeper look into Chart’s earnings quality to better understand the drivers of its performance. A two-year view shows that Chart has repurchased its stock, shrinking its share count by 5.6%. This tells us its EPS outperformed its revenue not because of increased operational efficiency but financial engineering, as buybacks boost per share earnings.Chart Diluted Shares Outstanding In Q3, Chart reported adjusted EPS of $2.78, up from $2.18 in the same quarter last year. Despite growing year on year, this print missed analysts’ estimates, but we care more about long-term adjusted EPS growth than short-term movements. Over the next 12 months, Wall Street expects Chart’s full-year EPS of $9.89 to grow 40.9%. Key Takeaways from Chart’s Q3 Results We liked that Chart beat analysts’ backlog expectations this quarter. On the other hand, its revenue missed and its EBITDA fell short of Wall Street’s estimates. Overall, this quarter could have been better. The stock remained flat at $200.50 immediately following the results. On July 28, 2025 Baker Hughes (NASDAQ: BKR) and Chart entered into a definitive agreement for Baker Hughes to acquire all outstanding shares of Chart’s common stock for $210 per share in cash. The deal is expected to close in mid-2026. Is Chart an attractive investment opportunity right now? If you’re making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it’s free for active Edge members. View Comments
29.10.25 10:30:00 Chart Industries Reports Third Quarter 2025 Financial Results
**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!** HOUSTON, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) today reported results for the third quarter ended September 30, 2025. On July 28, 2025 Baker Hughes (NASDAQ: BKR) and Chart entered into a definitive agreement for Baker Hughes to acquire all outstanding shares of Chart’s common stock for $210 per share in cash. In the third quarter, we recorded an expense of $266 million for the merger termination fee to Flowserve (NYSE: FLS), $258 million of which was paid by Baker Hughes, and a liability of $258 million as we could be required to repay Baker Hughes in certain limited circumstances. Following shareholder approval of the transaction on October 6, 2025, repayment can only be required if Chart does not maintain certain standard representations and warranties. Although management believes it is highly unlikely that the termination fee would be required to be repaid, U.S. GAAP requires the Company to record the liability and not record the gain on extinguishment of the liability until the transaction closes, which is expected to be in mid-2026. Third quarter 2025 highlights compared to third quarter 2024: Record orders of $1.68 billion, an increase of 43.9%Sales of $1.10 billion, an increase of 3.6%Record gross profit as a percent of sales of 34.1%, flatReported operating (loss) income of ($88.5) million was $251.5 million when adjusted for deal-related costs associated with the now terminated proposed merger with Flowserve and deal costs related to the pending acquisition by Baker Hughes, and step-up amortization related to the Howden acquisition, resulting in 22.9% adjusted operating income marginEBITDA of ($29.7) million was $277.1 million (25.2% of sales) when adjusted for the above-described deal-related and restructuring costsReported diluted earnings per share (“EPS”) of ($3.23) was $2.78 when adjusted, an increase of 27.5%Reported net cash from operating activities of $118.0 million less capital expenditures of $23.3 million resulted in $94.7 million of free cash flow (“FCF”). Cash flow for the quarter was negatively impacted by deal-related costs associated with the now terminated proposed merger with Flowserve and proposed acquisition by Baker Hughes “Our commercial momentum continues, with a third consecutive quarter of sequential orders growth driven by continued strength in our end markets, especially in LNG and data centers as customers are increasingly utilizing our full solutions and process technologies,” stated Jill Evanko, Chart Industries’ CEO and President.  “Our team’s continuous improvement efforts contributed to our record adjusted operating income margin of 22.9% and gross margin as a percent of sales of 34.1%. Thank you to our team members who delivered this operating performance safely with a 12-month total recordable incident rate (TRIR) of 0.37, our lowest in history.” Summary of third quarter 2025. Third quarter 2025 orders of $1.68 billion grew 43.9%, when compared to the third quarter 2024 driven by growth in Heat Transfer Systems (“HTS”) and Specialty Products (“SPC”). In the third quarter 2025 we received an order from Bechtel Energy Inc. to supply air-cooled heat exchangers, brazed aluminum heat exchangers, and cold boxes for Sempra Infrastructure’s Port Arthur LNG Phase 2 development project. We also received an order for a heat rejection system to be used by one of the largest data centers in the United States. In our aftermarket, service and repair business, we signed a multi-year agreement to service a utility customer’s rotary blowers in South Africa, added 20 new service agreements (our highest quarterly performance year-to-date 2025), and increased digital Uptime™ assets under management by 9.6% year-over-year. September year-to-date orders for space, nuclear, HLNG vehicle tanks, marine and carbon capture end markets have surpassed total fiscal year 2024 orders for each end market. Total company September year-to-date orders have increased 30.1% year over year. While we expect base order momentum to continue, we do not anticipate any large orders in the fourth quarter 2025. Sales of $1.1 billion in the third quarter 2025 grew 3.6% with a difficult comparison in our Repair, Service and Leasing (“RSL”) segment. RSL had a non-repeat of certain aftermarket equipment purchases and the completion of a specific customer’s large field service project in the third quarter 2024. Total company sales excluding RSL increased 9.7%. Gross profit as a percent of sales of 34.1% was flat when compared to the third quarter 2024 considering the above-mentioned difficult year ago comparison at RSL. Reported operating (loss) income of ($88.5) million was $251.5 million when adjusting for deal-related costs associated with the now terminated proposed merger with Flowserve, deal costs related to the proposed acquisition by Baker Hughes, and step-up amortization related to the Howden acquisition, resulted in a 22.9% adjusted operating income margin. EBITDA of ($29.7) million was $277.1 million (25.2% of sales) when adjusting for deal-related and restructuring costs. Reported diluted earnings per share (“EPS”) of ($3.23) was $2.78 when adjusted, an increase of 27.5% compared to third quarter 2024. Third quarter 2025 segment results (as compared to the third quarter 2024). Cryo Tank Solutions (“CTS”): Third quarter 2025 CTS orders of $116.1 million decreased 8.0% in total when compared to the third quarter 2024. CTS third quarter 2025 sales of $151.2 million declined 7.0% year-over-year driven by lower sales in industrial gas. CTS third quarter 2025 adjusted operating income margin of 11.1% decreased 510 bps versus the third quarter 2024 primarily related to lower sales and the impact from pass-through inflation. Heat Transfer Systems: Third quarter 2025 HTS orders of $760.8 million increased 79.1% compared to the third quarter of 2024 driven by data center, LNG and traditional energy end markets. HTS sales of $349.3 million in the third quarter 2025 increased 36.3% driven by LNG and conversion of data center backlog to sales. HTS third quarter 2025 adjusted operating income margin of 34.6% grew 1,010 basis points (“bps”) driven by productivity and project mix including more full solution sales. Specialty Products: Specialty Products third quarter 2025 orders of $438.5 million grew 84.4% year-over-year with meaningful increases in carbon capture, nuclear, and mining end markets.   Third quarter Specialty Products sales of $269.9 million decreased 4.7% driven by year-over-year decreases in HLNG vehicle tanks and mining due to customer timing and the non-repeat of higher hydrogen liquefaction sales in the third quarter 2024 which offset sales growth in marine, infrastructure, and space end markets. Adjusted operating income margin of 15.7% in Specialty Products in the third quarter 2025 decreased 100 bps year-over-year, driven by higher production costs on a specific first of a kind (“FOAK”) project and lower HLNG vehicle tank sales. Repair, Service and Leasing: RSL third quarter 2025 orders of $365.0 million decreased 3.4% when compared to the third quarter 2024 due to a larger than typical aftermarket equipment order which converted in the third quarter 2024 and did not repeat in third quarter 2025. Orders for retrofit and spares increased year-over-year. RSL September year-to-date orders increased 19.7% year over year while service agreements increased 42%, with the highest number of new adds in the third quarter 2025. RSL sales of $330.2 million declined 8.4% driven by the non-repeat of certain aftermarket equipment purchases and the completion of a specific customer’s large field service project in the third quarter 2024. Third quarter 2025 RSL adjusted operating income margin was 34.6% and was in our anticipated RSL gross margin range, yet 460 bps lower than the prior year quarter due to the above-mentioned larger than typical aftermarket equipment sale not repeating in third quarter 2025. Balance sheet and free cash flow. Reported net cash from operating activities of $118.0 million less capital expenditures of $23.3 million resulted in $94.7 million of free cash flow. Cash flow for the quarter was negatively impacted by deal-related costs associated with the now terminated proposed merger with Flowserve and proposed acquisition by Baker Hughes and $79.0 million of semi-annual interest, which is paid in the first and third quarter of the year. Our third quarter 2024 FCF also benefitted from the above mentioned larger than typical aftermarket equipment sales. Third quarter 2025 net leverage ratio of 2.78 compares to second quarter 2025 net leverage ratio of 2.85 (and 3.04 in third quarter 2024), our lowest net leverage ratio metric since the close of the Howden acquisition. Each share of the Company’s Series B Mandatory Convertible Preferred Stock (“Preferred Stock”) will automatically convert on or around December 15, 2025 into between 7.0520 and 8.4620 shares of Common Stock (and, correspondingly, each Depositary Share representing a 1/20th interest in a share of Preferred Stock will automatically convert into 0.3526 and 0.4231 shares of Common Stock), subject to customary anti-dilution adjustments, determined based on the volume-weighted average price of our Common Stock over the 20 consecutive trading days period beginning on, and including, the 21st scheduled trading day prior to December 15, 2025. Pending acquisition of Chart by Baker Hughes. On October 6, 2025 Chart’s shareholders voted to approve the Company’s acquisition by Baker Hughes, with shares representing approximately 99% of the shares present and voting at the meeting cast in favor of the proposal (additional details are in our 8-K filed on 10/6/2025). Under the terms of the merger agreement, Chart shareholders will be entitled to receive $210 per share of common stock in cash upon the close of the transaction. The transaction is expected to be completed by mid-year 2026, subject to customary conditions and the receipt of applicable regulatory approvals. As previously stated in our second quarter 2025 earnings release, we are not providing 2025 guidance due to the proposed acquisition of Chart by Baker Hughes. FORWARD-LOOKING STATEMENTS Certain statements made in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements include statements concerning the Company’s business plans, including statements regarding completed acquisitions, divestitures, and investments, cost and commercial synergies and efficiency savings, objectives, future orders, revenues, margins, segment sales mix, earnings or performance, liquidity and cash flow, inventory levels, capital expenditures, supply chain challenges, inflationary pressures including material cost and pricing increases, business trends, clean energy market opportunities including addressable markets, and governmental initiatives, including executive orders and changes to trade policy, expected timing and completion of the previously disclosed acquisition of Chart by Baker Hughes, and other information that is not historical in nature.  Forward-looking statements may be identified by terminology such as "may," "will," "should," "could," "expects," "anticipates," "believes," "projects," "forecasts," “outlook,” “guidance,” "continue," “target,” or the negative of such terms or comparable terminology. Forward-looking statements contained in this press release or in other statements made by the Company are made based on management's expectations and beliefs concerning future events impacting the Company and are subject to uncertainties and factors relating to the Company's operations and business environment, all of which are difficult to predict and many of which are beyond the Company's control, that could cause the Company's actual results to differ materially from those matters expressed or implied by forward-looking statements.  Factors that could cause the Company’s actual results to differ materially from those described in the forward-looking statements include:  the Company’s ability to successfully integrate recent acquisitions and achieve the anticipated revenue, earnings, accretion and other benefits from these acquisitions; slower than anticipated growth and market acceptance of new clean energy product offerings; inability to achieve expected pricing increases or continued supply chain challenges including volatility in raw materials and supply, risks related to regional conflicts and unrest, including the recent turmoil in the Middle East and the conflict between Russia and Ukraine including potential energy shortages in Europe and elsewhere; the unknown or difficult to quantify impact of enacted or threatened change to U.S. governmental trade policies, including the introduction of and unpredictability associated with global tariffs on all U.S. trading partners, with certain nations, including China and, certain products, subject to substantially higher tariffs rates, as well as the possible impacts of retaliatory tariffs on products from the United States; the risk that the proposed acquisition of Chart by Baker Hughes may not be completed on anticipated terms, or at all, including the risk of regulatory approvals; the possibility that any of the anticipated benefits of the transaction will be realized within the expected time period; the risk that disruptions from the transaction will harm Chart’s business; and potential adverse reactions or changes to business relationships resulting from the announcement or eventual completion of the transactions, and the other factors discussed in Item 1A (Risk Factors) in the Company’s most recent Annual Report on Form 10-K and most recent Quarterly Report on Form 10-Q filed with the SEC, both which should be reviewed carefully.  The Company undertakes no obligation to update or revise any forward-looking statement. USE OF NON-GAAP FINANCIAL INFORMATION This press release contains non-GAAP financial information, including adjusted net income, adjusted operating income, adjusted operating income margin, free cash flow, adjusted earnings per diluted share, net income attributable to Chart Industries, Inc. adjusted, and EBITDA and adjusted EBITDA.  For additional information regarding the Company's use of non-GAAP financial information, as well as reconciliations of non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with accounting principles generally accepted in the United States ("GAAP"), please see the reconciliation pages at the end of this news release. The Company believes these non-GAAP measures are of interest to investors and facilitate useful period-to-period comparisons of the Company’s financial results, and this information is used by the Company in evaluating internal performance. About Chart Industries, Inc. Chart Industries, Inc. is a global leader in the design, engineering, and manufacturing of process technologies and equipment for gas and liquid molecule handling for the Nexus of Clean™ - clean power, clean water, clean food, and clean industrials, regardless of molecule. The company’s unique product and solution portfolio across stationary and rotating equipment is used in every phase of the liquid gas supply chain, including engineering, service and repair from installation to preventive maintenance and digital monitoring. Chart is a leading provider of technology, equipment and services related to liquefied natural gas, hydrogen, biogas and CO2 capture amongst other applications. Chart is committed to excellence in environmental, social and corporate governance issues both for its company as well as its customers. With 64 global manufacturing locations and over 50 service centers from the United States to Asia, Australia, India, Europe and South America, the company maintains accountability and transparency to its team members, suppliers, customers and communities. To learn more, visit www.chartindustries.com For more information, click here: http://ir.chartindustries.com/ Chart Industries Investor Relations Contact: John Walsh Senior Vice President, Investor and Government Relations 1-770-721-8899 john.walsh@chartindustries.com CHART INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (Dollars and shares in millions, except per share amounts) Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 Sales$1,100.6 $1,062.5 $3,184.4 $3,053.5 Cost of sales 725.4 699.9 2,105.9 2,037.0 Gross profit 375.2 362.6 1,078.5 1,016.5 Selling, general and administrative expenses 148.1 135.7 434.4 413.4 Termination fee expense 266.0 — 266.0 — Amortization expense 49.6 48.4 144.8 143.9 Operating expenses 463.7 184.1 845.2 557.3 Operating (loss) income (88.5) 178.5 233.3 459.2 Interest expense, net 77.1 80.6 232.5 248.7 Other expense (income), net 17.1 (2.6) 16.2 4.2 (Loss) income from continuing operations before income taxes and equity in (loss) income of unconsolidated affiliates, net (182.7) 100.5 (15.4) 206.3 Income tax (benefit) expense (47.5) 26.6 (14.1) 50.9 (Loss) income from continuing operations before equity in loss of unconsolidated affiliates, net (135.2) 73.9 (1.3) 155.4 Equity in (loss) income of unconsolidated affiliates, net (0.2) (0.8) 0.1 (2.4)Net (loss) income from continuing operations (135.4) 73.1 (1.2) 153.0 Loss from discontinued operations, net of tax — (0.4) (2.0) (2.8)Net (loss) income (135.4) 72.7 (3.2) 150.2 Less: Income attributable to noncontrolling interests of continuing operations, net of taxes 3.1 3.7 9.7 11.3 Net (loss) income attributable to Chart Industries, Inc.$(138.5) $69.0 $(12.9) $138.9 Amounts attributable to Chart common shareholders (Loss) income from continuing operations$(138.5) $69.4 $(10.9) $141.7 Less: Mandatory convertible preferred stock dividend requirement 6.8 6.8 20.4 20.4 (Loss) income from continuing operations attributable to Chart (145.3) 62.6 (31.3) 121.3 Loss from discontinued operations, net of tax — (0.4) (2.0) (2.8)Net (loss) income attributable to Chart common shareholders$(145.3) $62.2 $(33.3) $118.5 Basic earnings per common share attributable to Chart Industries, Inc. (Loss) income from continuing operations$(3.23) $1.49 $(0.70) $2.89 Loss from discontinued operations — (0.01) (0.04) (0.07)Net (loss) income attributable to Chart Industries, Inc.$(3.23) $1.48 $(0.74) $2.82 Diluted earnings per common share attributable to Chart Industries, Inc. (Loss) income from continuing operations$(3.23) $1.34 $(0.70) $2.59 Loss from discontinued operations — (0.01) (0.04) (0.06)Net (loss) income attributable to Chart Industries, Inc.$(3.23) $1.33 $(0.74) $2.53 Weighted-average number of common shares outstanding: Basic 44.95 42.05 44.94 42.04 Diluted(1) 44.95 46.67 44.94 46.89 (1) Includes an additional 4.43 and 4.66 shares related to the convertible notes due 2024 and associated warrants in our diluted earnings per share calculation for the three and nine months ended September 30, 2024, respectively. The associated hedge, which helps offset this dilution, cannot be taken into account under U.S. generally accepted accounting principles (“GAAP”). If the hedge could have been considered, it would have reduced the additional shares by 2.43 and 2.54 for the three and nine months ended September 30, 2024, respectively. CHART INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (Dollars in millions) Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 OPERATING ACTIVITIES Net (loss) income$(135.4) $72.7 $(3.2) $150.2 Less: Loss from discontinued operations, net of tax — (0.4) (2.0) (2.8)Net (loss) income from continuing operations (135.4) 73.1 (1.2) 153.0 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 71.4 68.1 208.7 200.0 Employee share-based compensation expense 4.9 4.2 15.4 14.3 Financing costs amortization 4.7 4.8 14.4 14.2 Unrealized foreign currency transaction loss (gain) 7.1 8.6 13.6 (5.1)Unrealized loss (gain) on investments in equity securities 2.0 (10.8) 2.3 (10.8)Loss on sale of business — — — 7.8 Other non-cash operating activities 4.3 0.8 5.2 5.4 Changes in assets and liabilities, net of acquisitions: Accounts receivable 41.1 (45.2) 50.3 (45.0)Inventories (16.2) 19.4 (8.8) 24.4 Unbilled contract revenue (50.9) (9.5) (252.4) (195.7)Prepaid expenses and other current assets 8.4 26.6 (6.5) (16.4)Accounts payable and other current liabilities (23.0) 67.2 (36.7) 109.6 Customer advances and billings in excess of contract revenue 2.5 (19.3) (39.6) (13.3)Termination fee paid by Baker Hughes 258.0 — 258.0 — Long-term assets and liabilities (60.9) 12.7 (16.8) (15.2)Net Cash Provided By Continuing Operating Activities 118.0 200.7 205.9 227.2 Net Cash Used In Discontinued Operating Activities — (0.1) (2.0) (5.6)Net Cash Provided By Operating Activities 118.0 200.6 203.9 221.6 INVESTING ACTIVITIES Capital expenditures (23.3) (26.1) (67.3) (100.3)Proceeds from sale of business — (6.1) — (6.1)Investments — — (1.4) (13.1)Other investing activities (2.5) 6.2 (2.1) 0.4 Net Cash Used In Continuing Investing Activities (25.8) (26.0) (70.8) (119.1)Net Cash Used In Discontinued Investing Activities — — — (2.5)Net Cash Used In Investing Activities (25.8) (26.0) (70.8) (121.6)FINANCING ACTIVITIES Borrowings on credit facilities 791.2 801.9 2,276.3 2,286.7 Repayments on credit facilities (743.8) (910.2) (2,221.3) (2,246.5)Repayments on term loan (75.0) — (75.0) — Payments for debt issuance costs (0.1) (10.1) (0.1) (10.1)Common stock repurchases from share-based compensation plans (0.6) (0.2) (4.8) (3.3)Dividend distribution to noncontrolling interests — — (6.2) — Dividends paid on mandatory convertible preferred stock (6.8) (6.8) (20.4) (20.4)Other financing activities (1.1) 5.3 (2.4) 0.4 Net Cash (Used In) Provided By Financing Activities (36.2) (120.1) (53.9) 6.8 Effect of exchange rate changes on cash and cash equivalents 0.8 7.4 11.1 4.6 Net increase in cash, cash equivalents, restricted cash and restricted cash equivalents 56.8 61.9 90.3 111.4 Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period (includes restricted cash of $1.7, $3.2, $1.9 and $12.8, respectively) 344.0 250.6 310.5 201.1 CASH, CASH EQUIVALENTS, RESTRICTED CASH, AND RESTRICTED CASH EQUIVALENTS AT END OF PERIOD (includes restricted cash of$1.6,$2.3,$1.6and$2.3, respectively)$400.8 $312.5 $400.8 $312.5 CHART INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Dollars in millions) September 30, 2025 December 31, 2024ASSETS Current Assets Cash and cash equivalents$399.2 $308.6 Accounts receivable, net 725.7 752.3 Inventories, net 514.2 490.5 Unbilled contract revenue 1,017.3 735.1 Prepaid expenses 130.4 108.6 Other current assets 72.2 70.3 Total Current Assets 2,859.0 2,465.4 Property, plant, and equipment, net 917.8 864.2 Goodwill 3,060.8 2,899.9 Identifiable intangible assets, net 2,555.5 2,540.6 Other assets 396.7 353.8 TOTAL ASSETS$9,789.8 $9,123.9 LIABILITIES AND EQUITY Current Liabilities Accounts payable$1,202.4 $1,058.9 Customer advances and billings in excess of contract revenue 339.3 362.2 Accrued interest 67.3 110.4 Termination fee paid by Baker Hughes Company 258.0 — Other current liabilities 171.2 258.3 Total Current Liabilities 2,038.2 1,789.8 Long-term debt 3,649.3 3,640.7 Deferred tax liabilities 542.5 544.9 Other long-term liabilities 191.6 153.3 Total Liabilities 6,421.6 6,128.7 Equity Preferred stock, par value $0.01 per share, $1,000 aggregate liquidation preference — 10,000,000 shares authorized, 402,500 shares issued and outstanding at both September 30, 2025 and December 31, 2024 — — Common stock, par value $0.01 per share — 150,000,000 shares authorized, 45,712,072 and 45,657,062 shares issued at September 30, 2025 and December 31, 2024, respectively 0.5 0.5 Additional paid-in capital 1,900.8 1,889.3 Treasury stock; 760,782 shares at both September 30, 2025 and December 31, 2024 (19.3) (19.3)Retained earnings 1,080.2 1,113.4 Accumulated other comprehensive income (loss) 239.9 (155.1)Total Chart Industries, Inc. Shareholders’ Equity 3,202.1 2,828.8 Noncontrolling interests 166.1 166.4 Total Equity 3,368.2 2,995.2 TOTAL LIABILITIES AND EQUITY$9,789.8 $9,123.9 CHART INDUSTRIES, INC. AND SUBSIDIARIES OPERATING SEGMENTS (UNAUDITED) (Dollars in millions) Three Months Ended Nine Months Ended September 30, 2025 September 30, 2024 June 30, 2025 September 30, 2025 September 30, 2024Sales Cryo Tank Solutions$151.2 $162.5 $155.9 $460.3 $487.7 Heat Transfer Systems 349.3 256.2 295.3 911.9 746.5 Specialty Products 269.9 283.3 292.9 838.9 797.4 Repair, Service & Leasing 330.2 360.5 338.2 973.3 1,022.0 Intersegment eliminations — — — — (0.1)Consolidated$1,100.6 $1,062.5 $1,082.3 $3,184.4 $3,053.5 Gross Profit Cryo Tank Solutions$33.0 $40.7 $42.8 $113.0 $106.9 Heat Transfer Systems 134.5 76.4 89.1 306.2 207.3 Specialty Products 64.9 74.6 80.7 229.3 214.3 Repair, Service & Leasing 142.8 170.9 150.9 430.0 488.0 Consolidated$375.2 $362.6 $363.5 $1,078.5 $1,016.5 Gross Profit Margin Cryo Tank Solutions 21.8% 25.0% 27.5% 24.5% 21.9%Heat Transfer Systems 38.5% 29.8% 30.2% 33.6% 27.8%Specialty Products 24.0% 26.3% 27.6% 27.3% 26.9%Repair, Service & Leasing 43.2% 47.4% 44.6% 44.2% 47.7%Consolidated 34.1% 34.1% 33.6% 33.9% 33.3%Operating Income(Loss) Cryo Tank Solutions$15.3 $23.5 $25.7 $58.6 $53.5 Heat Transfer Systems 117.7 61.3 73.0 257.6 157.6 Specialty Products 30.1 41.9 43.0 121.4 122.0 Repair, Service & Leasing 73.9 102.0 78.9 215.5 265.1 Corporate(1) (325.5) (50.2) (51.1) (419.8) (139.0)Consolidated$(88.5) $178.5 $169.5 $233.3 $459.2 Operating Margin Cryo Tank Solutions 10.1% 14.5% 16.5% 12.7% 11.0%Heat Transfer Systems 33.7% 23.9% 24.7% 28.2% 21.1%Specialty Products 11.2% 14.8% 14.7% 14.5% 15.3%Repair, Service & Leasing 22.4% 28.3% 23.3% 22.1% 25.9%Consolidated(8.0)% 16.8% 15.7% 7.3% 15.0% (1) Includes $266.0 million in termination fee expense associated with the now terminated merger with Flowserve for both the three and nine months ended September 30, 2025 and $17.2 million and $18.2 million in costs associated with the now terminated merger with Flowserve and the pending acquisition of Chart by Baker Hughes for the three and nine months ended September 30, 2025, respectively. CHART INDUSTRIES, INC. AND SUBSIDIARIES ORDERS AND BACKLOG (UNAUDITED) (Dollars in millions) Three Months Ended September 30, 2025 September 30, 2024 June 30, 2025Orders Cryo Tank Solutions$116.1 $126.2 $157.0Heat Transfer Systems 760.8 424.7 271.2Specialty Products 438.5 237.8 663.3Repair, Service & Leasing 365.0 377.9 406.1Intersegment eliminations — 0.9 —Consolidated$1,680.4 $1,167.5 $1,497.6 As of September 30, 2025 September 30, 2024 June 30, 2025Backlog Cryo Tank Solutions$265.1 $316.5 $317.6Heat Transfer Systems 2,366.5 1,878.0 2,013.5Specialty Products 2,589.8 1,755.3 2,403.6Repair, Service & Leasing 828.1 593.4 801.8Intersegment eliminations — (7.9) —Consolidated$6,049.5 $4,535.3 $5,536.5 RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES FROM CONTINUING OPERATIONS TO FREE CASH FLOW FROM CONTINUING OPERATIONS AND RECONCILIATION OF NET CASH USED IN OPERATING ACTIVITIES FROM DISCONTINUED OPERATIONS TO FREE CASH FLOW FROM DISCONTINUED OPERATIONS (UNAUDITED) (Dollars in millions) Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 Net cash provided by operating activities from continuing operations$118.0 $200.7 $205.9 $227.2 Capital expenditures (23.3) (26.1) (67.3) (100.3)Free cash flow (non-GAAP)$94.7 $174.6 $138.6 $126.9 Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 Net cash used in operating activities from discontinued operations$— $(0.1) $(2.0) $(5.6)Capital expenditures — — — — Free cash flow (non-GAAP)$— $(0.1) $(2.0) $(5.6) Free cash flow is not a measure of financial performance under U.S. GAAP and should not be considered as an alternative to net cash used in operating activities in accordance with U.S. GAAP. Management believes that free cash flow facilitates useful period-to-period comparisons of our financial results, and this information is used by us in evaluating internal performance. Our calculation of this non-GAAP measure may not be comparable to the calculations of similarly titled measures reported by other companies. CHART INDUSTRIES, INC. AND SUBSIDIARIES RECONCILIATION OF EARNINGS AND EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CHART INDUSTRIES, INC. – CONTINUING OPERATIONS TO ADJUSTED EARNINGS AND ADJUSTED EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CHART INDUSTRIES, INC. – CONTINUING OPERATIONS (UNAUDITED) (Dollars in millions, except per share amounts) Q3 2025 Q3 2024Amounts attributable to Chart common stockholders Net (loss) income attributable to Chart Industries, Inc. $(138.5) $69.0 Less: Loss from discontinued operations, net of tax — (0.4)(Loss) income from continuing operations (138.5) 69.4 Less: Mandatory convertible preferred stock dividend requirement 6.8 6.8 Income from continuing operations attributable to Chart (U.S. GAAP) (145.3) 62.6 Termination fee expense(1) 266.0 — Deal related & integration costs(2) 17.6 8.2 Step up amortization on inventory, intangibles and fixed assets from Howden acquisition 41.4 46.3 Restructuring & other reorganization related costs(3) 6.4 1.7 Loss on debt extinguishment 4.7 — Unrealized loss (gain) on investments in equity securities and loss from strategic equity method investments(4) 3.0 (11.0)Other(5) 8.9 3.9 Tax effects (77.8) (9.8)Adjusted earnings attributable to Chart Industries, Inc. (non-GAAP) $124.9 $101.9 Q3 2025 Diluted EPS Q3 2024 Diluted EPSReported (loss) income from continuing operations attributable to Chart (U.S. GAAP) $(3.23) $1.34 Termination fee expense(1) 5.92 — Deal related & integration costs(2) 0.39 0.18 Step up amortization on inventory, intangibles and fixed assets from Howden acquisition 0.92 0.99 Restructuring & other reorganization related costs(3) 0.14 0.04 Loss on debt extinguishment 0.10 — Unrealized loss (gain) on investments in equity securities and loss from strategic equity method investments(4) 0.07 (0.24)Other(5) 0.20 0.08 Tax effects (1.73) (0.21)Adjusted earnings attributable to Chart Industries, Inc. (non-GAAP) $2.78 $2.18 Share count 44.95 46.67 (1) Includes $266.0 million in termination fee expense associated with the now terminated merger with Flowserve. (2) Deal related & integration costs primarily includes deal costs related to the now terminated proposed merger with Flowserve, deal costs related to the pending acquisition of Chart by Baker Hughes and costs associated with integrating Howden. (3) Restructuring and other reorganization related costs include restructuring charges as well as other costs associated with closing and consolidating facilities. (4) Includes the mark-to-market of our inorganic investments in Avina, McPhy, Stabilis and certain of our minority investments as well as losses from strategic equity method investments. (5) Other primarily includes costs associated with starting up production lines, incremental costs due to unavoidable supply disruptions, costs related to a retention agreement, asset impairments and certain one-time customer concessions. Adjusted earnings per common share attributable to Chart Industries, Inc. is not a measure of financial performance under U.S. GAAP and should not be considered as an alternative to earnings per share in accordance with U.S. GAAP. Management believes that adjusted earnings per common share attributable to Chart Industries, Inc. facilitates useful period-to-period comparisons of our financial results, and this information is used by us in evaluating internal performance. Our calculation of these non-GAAP measures may not be comparable to the calculations of similarly titled measures reported by other companies. Prior to the second quarter of 2024, the impacts of the mandatory convertible preferred stock dividend were excluded from adjusted earnings per common share attributable to Chart Industries, Inc. (non-GAAP). The impacts are now included in adjusted earnings per common share attributable to Chart Industries, Inc. (non-GAAP) and historical periods have been restated to reflect the change in treatment. CHART INDUSTRIES, INC. AND SUBSIDIARIES RECONCILIATIONS OF OPERATING INCOME (LOSS) TO ADJUSTED OPERATING INCOME (LOSS) (UNAUDITED) (Dollars in millions) Three Months Ended September 30, 2025 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Corporate ConsolidatedSales$151.2 $349.3 $269.9 $330.2 $— $— $1,100.6 Operating income (loss) as reported (U.S. GAAP)$15.3 $117.7 $30.1 $73.9 $— $(325.5) $(88.5)Operating margin 10.1% 33.7% 11.2% 22.4% (8.0)%Termination fee expense(1)$— $— $— $— $— $266.0 $266.0 Deal related & integration costs(2) — 1.5 0.5 1.8 — 15.5 19.3 Step up amortization on inventory, intangibles and fixed assets from Howden acquisition 1.2 1.0 3.6 35.6 — — 41.4 Restructuring & other reorganization related costs(3) 0.2 0.4 1.3 2.2 — 0.3 4.4 Other(4) 0.1 0.3 6.9 0.7 — 0.9 8.9 Adjusted operating income (loss) (non-GAAP)$16.8 $120.9 $42.4 $114.2 $— $(42.8) $251.5 Adjusted operating margin (non-GAAP) 11.1% 34.6% 15.7% 34.6% 22.9% (1) Includes $266.0 million in termination fee expense associated with the now terminated merger with Flowserve. (2) Deal related & integration costs primarily includes deal costs related to the now terminated proposed merger with Flowserve, deal costs related to the pending acquisition of Chart by Baker Hughes and costs associated with integrating Howden. (3) Restructuring and other reorganization related costs include restructuring charges as well as other costs associated with closing and consolidating facilities. (4) Other primarily includes costs associated with starting up production lines, incremental costs due to unavoidable supply disruptions, costs related to a retention agreement, asset impairments and certain one-time customer concessions. Three Months Ended September 30, 2024 Cryo Tank Solutions Heat Transfer Systems Specialty Products Repair, Service & Leasing Intersegment Eliminations Corporate ConsolidatedSales$162.5 $256.2 $283.3 $360.5 $— $— $1,062.5 Operating income (loss) as reported (U.S. GAAP)$23.5 $61.3 $41.9 $102.0 $— $(50.2) $178.5 Operating margin 14.5% 23.9% 14.8% 28.3% 16.8%Restructuring & related costs$0.3 $0.2 $0.3 $0.7 $— $0.2 $1.7 Deal related & integration costs(1) — — — 0.3 — 7.9 8.2 Step-up amortization on inventory, intangibles and fixed assets from Howden acquisition 2.1 1.1 4.8 38.4 — (0.1) 46.3 Other(2) 0.4 0.1 0.2 (0.1) — 0.6 1.2 Adjusted operating income (loss) (non-GAAP)$26.3 $62.7 $47.2 $141.3 $— $(41.6) $235.9 Adjusted operating margin (non-GAAP) 16.2% 24.5% 16.7% 39.2% 22.2% (1) Deal related & integration costs primarily includes costs associated with integrating Howden. (2) Other includes administrative costs related to certain equity investments, asset impairments and associated insurance recoveries and non-repeating legal costs. Adjusted operating income (loss) is not a measure of financial performance under U.S. GAAP and should not be considered as an alternative to operating income (loss) in accordance with U.S. GAAP. Management believes that adjusted operating income (loss) facilitates useful period-to-period comparisons of our financial results, and this information is used by us in evaluating internal performance. Our calculation of these non-GAAP measures may not be comparable to the calculations of similarly titled measures reported by other companies. CHART INDUSTRIES, INC. AND SUBSIDIARIES RECONCILIATION OF NET INCOME FROM CONTINUING OPERATIONS TO EBITDA AND ADJUSTED EBITDA (UNAUDITED) (Dollars in millions) Three Months Ended September 30, 2025 September 30, 2024Net income from continuing operations$(135.4) $73.1 Income tax expense, net (47.5) 26.6 Interest expense, net 77.1 80.6 Loss on extinguishment debt 4.7 — Depreciation and amortization 71.4 68.1 EBITDA (non-GAAP) (29.7) 248.4 Non-recurring costs: Termination fee expense(1) 266.0 — Deal related & integration costs(2) 17.6 8.2 Amortization of step-up value of inventory from Howden acquisition — 6.4 Restructuring & other reorganization related costs(3) 6.4 1.7 Other(4) 8.9 2.8 Employee share-based compensation expense 4.9 4.2 Unrealized loss on investments in equity securities and loss from strategic equity method investments(5) 3.0 (11.0)Adjusted EBITDA (non-GAAP)$277.1 $260.7 (1) Includes $266.0 million in termination fee expense associated with the now terminated merger with Flowserve. (2) Deal related & integration costs primarily includes deal costs related to the now terminated proposed merger with Flowserve, deal costs related to the pending acquisition of Chart by Baker Hughes and costs associated with integrating Howden. (3) Restructuring and other reorganization related costs include restructuring charges as well as other costs associated with closing and consolidating facilities. (4) Other primarily includes costs associated with starting up production lines, incremental costs due to unavoidable supply disruptions, costs related to a retention agreement, asset impairments and certain one-time customer concessions. (5) Includes the mark-to-market of our inorganic investments in Avina, McPhy, Stabilis and certain of our minority investments as well as losses from strategic equity method investments. The reconciliation from net income from continuing operations to EBITDA (non-GAAP) includes acquisition related finance fees and loss on extinguishment of debt. EBITDA and adjusted EBITDA are not measures of financial performance under U.S. GAAP and should not be considered as an alternative to net income from continuing operations in accordance with U.S. GAAP. Management believes that EBITDA and adjusted EBITDA facilitate useful period-to-period comparisons of our financial results, and this information is used by us in evaluating internal performance. Our calculation of these non-GAAP measures may not be comparable to the calculations of similarly titled measures reported by other companies. This press release was published by a CLEAR® Verified individual.
28.10.25 13:40:02 Why This 1 Value Stock Could Be a Great Addition to Your Portfolio
**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!** For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics. Why Investors Should Pay Attention to This Value Stock Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks. Baker Hughes (BKR) Based in Houston, TX, Baker Hughes Company is one of the world’s largest oilfield service providers. The integrated oilfield products and digital solutions of Baker Hughes help customers efficiently and cost-effectively refine and transport hydrocarbons with low environmental concerns. Moreover, with growing demand for clean energy and the need to curb greenhouse gas emissions, countries around the world are investing in LNG terminals. This has given Baker Hughes the opportunity to expand its reach beyond oilfields in order to capitalize on contracts for manufacturing equipment that is being used in LNG facilities. BKR is a Zacks Rank #3 (Hold) stock, with a Value Style Score of B and VGM Score of B. Shares are currently trading at a forward P/E of 19.3X for the current fiscal year compared to the Oil and Gas - Field Services industry's P/E 18.9X. Additionally, BKR has a PEG Ratio of 2 and a Price/Cash Flow ratio of 13.2X. Value investors should also note BKR's Price/Sales ratio of 1.7X. Value investors don't just pay attention to a company's valuation ratios; positive earnings play a crucial role, too. Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.03 to $2.42. BKR has an average earnings surprise of 11.4%. Investors should take the time to consider BKR for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Baker Hughes Company (BKR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research View Comments
27.10.25 13:30:03 Bisher die Baker Hughes Zahlen zum Q3 – was geht da so?
**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!** **Zusammenfassung (ca. 450 Wörter)** Baker Hughes (BKR) veröffentlichte für das auf September 2025 beendete Quartal einen soliden Bericht mit einem Umsatz von 7,01 Milliarden US-Dollar, einem Anstieg von 1,5 % gegenüber dem gleichen Zeitraum des Vorjahres. Der Gewinn pro Aktie (EPS) stieg auf 0,68 US-Dollar, verglichen mit 0,67 US-Dollar im Vorjahresquartal und übertraf die Zacks Consensus Schätzung von 0,61 US-Dollar um 11,48 %. Dies übertraf die Erwartungen der Analysten. Eine genauere Betrachtung der wichtigsten Kennzahlen zeigt jedoch ein gemischtes Bild. Die Gesamtausgangsumsätze stiegen auf 8,21 Milliarden US-Dollar, was deutlich über der durchschnittlichen Schätzung der Analysten von 6,55 Milliarden US-Dollar lag. Bestellungen im Segment Industrial & Energy Technology stiegen auf 4,14 Milliarden US-Dollar. Die Bestellungen im Segment Oilfield Services & Equipment beliefen sich auf 4,07 Milliarden US-Dollar. Trotz des insgesamt starken Umsatzwachstums unterperformten einige spezifische Bereiche. Der Umsatz im Bereich International – Europe/CIS/Sub-Saharan Africa sank um 35,8 % im Vergleich zum Vorjahr, und Climate Technology Solutions verzeichnete einen erheblichen Rückgang (-56 %). Das Segment Oilfield Services & Equipment, obwohl es ein hohes Bestellvolumen aufwies, verzeichnete einen Umsatzrückgang von 8,3 % im Jahresvergleich. Die Aktienperformance des Unternehmens hat sich in den letzten Monaten hinter dem breiteren Markt zurückentwickelt, mit einem Rückgang von -6,4 % im Vergleich zum Anstieg der S&P 500 von +2,5 %. Der Aktienkurs des Unternehmens hat eine Zacks-Rank von #3 (Hold), was auf eine kurzfristige Performance hindeutet, die wahrscheinlich mit der Gesamtmarktentwicklung übereinstimmt. Wall Street-Analysten konzentrieren sich auf diese Diskrepanzen und betonen die Bedeutung, mehrere Kennzahlen zu prüfen, anstatt sich nur auf die Schlagzeilen von Umsatz und Gewinn zu konzentrieren. Die starken Bestellungen deuten auf eine hohe Nachfrage hin, während der schwächere Umsatz in bestimmten Bereichen potenzielle Herausforderungen oder strategische Veränderungen innerhalb der Betriebe des Unternehmens aufzeigt. Die Leistung des Unternehmens wird genau beobachtet, um die Faktoren zu verstehen, die diese Variationen antreiben.
26.10.25 14:00:01 Baker Hughes schreibt höheren bereinigten Gewinn.
**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!** **Zusammenfassung des Artikels (ca. 450 Wörter)** Baker Hughes Co. gab am Donnerstag starke Quartalsergebnisse für das dritte Quartal bekannt, mit einem angepassten Nettogewinn von 678 Millionen Dollar – einem Anstieg von neun Prozent gegenüber dem Vorquartal und zwei Prozent gegenüber dem Vorjahr. Ihr angepasster Gewinn je Aktie (0,68 Dollar) übertraf auch die Zacks Consensus Schätzung von 0,61 Dollar. Das Unternehmen hat seine Quartalsdividende von 0,23 Dollar pro Aktie beibehalten. Trotz eines Vorab-Nettoergebnisses Rückgang von 13 % gegenüber dem Vorquartal und 20 % gegenüber Q3 2024, wurden die Ergebnisse durch mehrere Faktoren gesteigert. Der Umsatz stieg um einen Prozentpunkt im Vergleich zum Vorquartal und zum Vorjahr, erreichte 7,01 Milliarden Dollar. Dieser Anstieg wurde vor allem durch den Geschäftsbereich Industrial und Energy Technology (IET) vorangetrieben, der im Vergleich zum Vorjahr um zwei Prozentpunkte im Quartal und 15 Prozentpunkte im Jahr einen Umsatzanstieg verzeichnete. Der Geschäftsbereich Oilfield Services und Equipment (OFSE) verzeichnete einen Anstieg um einen Prozentpunkt im Quartal und im Jahr, aber einen signifikanten Rückgang von acht Prozent im Vergleich zum Vorjahr in Höhe von 3,64 Milliarden Dollar. Der Umsatz im OFSE-Bereich stieg in Asien und Nordamerika, sank aber in Lateinamerika und der Gruppe Europa, Sub-Sahara Afrika und CIS. Es gab auch starke Aufträge, wobei OFSE Aufträge im Wert von 4,07 Milliarden Dollar (16 % im Quartal und 7 % im Jahr) und IET Aufträge in Höhe von 4,14 Milliarden Dollar (17 % im Quartal und 44 % im Jahr) verzeichnete. Das Unternehmen generierte 929 Millionen Dollar an Betriebskapital und 699 Millionen Dollar an freiem Kapital. Der angepasste EBITDA betrug 1,24 Milliarden Dollar, was einem Anstieg von zwei Prozent gegenüber dem Vorquartal und dem Vorjahr entspricht. Baker Hughes führte den positiven Ergebnissen eine günstige Mischung von Produkten, günstige Wechselkurse und Kostensenkungsinitiativen zu Gute. Trotz sinkender OFSE-Marge aufgrund der Makroökonomie trug der IET-Bereich weiterhin zur starken Performance bei und stützte die konsolidierten angepassten EBITDA-Marge. Das Unternehmen sicherten sich einen Rekord von 4 Milliarden Dollar in IET-Aufträgen – zum dritten Mal in seiner Geschichte, zusammen mit Rekord SSPS-Aufträgen und einem wachsenden Buchbestand von 32,1 Milliarden Dollar, der die Widerstandsfähigkeit und die Wachstumsprognosen des IET weiter festigte. Das Unternehmen verfügte über 17,53 Milliarden Dollar an aktuellen Vermögenswerten, wobei 12,44 Milliarden Dollar an Schulden vorlagen.
25.10.25 11:16:23 Die Gewinnmargen von Baker Hughes (BKR) stärken die bullische Stimmung, auch wenn das Wachstum der Umsätze langsamer i
**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!** **Zusammenfassung (ca. 500 Wörter)** Baker Hughes (BKR) beendete das Jahr mit beeindruckendem Umsatzwachstum von 29,1 % und verbesserter Rentabilität, mit einer Nettogewinnmarge von 10,4 % – einem deutlichen Anstieg gegenüber 8,2 % in den letzten fünf Jahren. Dieses nachhaltige Wachstum war bemerkenswert und durchschnittlich 81,2 % pro Jahr. Diese Leistung ist für Investoren attraktiv aufgrund der konsistenten Gewinnmarge und des Umsatzwachstums, wobei nur geringe unmittelbare Risikofaktoren bestehen. Dennoch verlangsamt sich das außergewöhnliche Wachstumsraten der letzten fünf Jahre. Der jüngste jährliche Umsatz liegt bei einem moderateren Wert von 3,56 %, was auf eine Verschiebung der Unternehmensstrategie hindeutet. Baker Hughes verschiebt sich strategisch in Richtung Energiewechselmärkte und digitale Infrastruktur, um diese langsamere Expansion auszugleichen. Entscheidend für diese Strategie ist eine starke Umsetzung, insbesondere in der Bewältigung steigender Kosten und der Navigation in einem volatilen Energiemarkt. Trotz der jüngsten Gewinnmarge-Höhepunkt von 10,4 % prognostizieren Analysten einen allmählichen Rückgang auf 10,0 % in den nächsten drei Jahren. Dieser Druck nach unten wird erwartet aufgrund der steigenden Nachfrage nach Dekarbonisierungstechnologien und digitalen Lösungen. Die Fähigkeit des Unternehmens, profitabel zu bleiben, hängt von Verbesserungen der betrieblichen Effizienz und widerstandsfähigen Gewinnmargen ab. Baker Hughes wird derzeit mit einem Kurs-Gewinn-Verhältnis von 14,7x gehandelt, was leicht unter dem Branchendurchschnitt liegt. Der Aktienkurs von (47,30 $) liegt derzeit unter dem Analystenziel von (51,81 $) und dem berechneten DCF-Fairvalue von (61,72 $). Um diese Bewertungslücke zu schließen, muss Baker Hughes konsistente Gewinne von 2,9 Milliarden $ bis 2028 und eine starke Mischung aus wiederkehrenden, hochmargigen Geschäften demonstrieren. Jede Abweichung von diesen Zielen wird die Stimmung der Investoren erheblich beeinflussen. Analysten sind optimistisch hinsichtlich des Potenzials von Baker Hughes, betonen aber die Notwendigkeit einer disziplinierten Umsetzung. Der Erfolg des Unternehmens hängt von seiner Fähigkeit ab, sich an einen sich ändernden Markt anzupassen und einen Wettbewerbsvorteil zu bewahren. Simply Wall St hebt hervor, dass das zukünftige Wachstum des Unternehmens von mehreren Schlüssel Faktoren abhängt, darunter die Umsetzung seiner strategischen Verschiebung und die gesamten Marktdynamik. Die Plattform ermutigt Investoren, sich aktiv an der sich entwickelnden Geschichte zu beteiligen und ihre eigenen Narrative aufzubauen, indem sie ihre Recherchefähigkeiten nutzen. Letztendlich beinhaltet der Investitionshochrechnung für Baker Hughes ein Gleichgewicht zwischen Optimismus hinsichtlich seiner strategischen Neuausrichtung und einer vorsichtigen Berücksichtigung der Risiken, die mit einem dynamischen Energiesektor verbunden sind. --- Would you like me to translate any specific part of this text into another language?
24.10.25 21:15:00 Tamboran sich 56,1 Millionen Dollar durch ein Börsengeschäft ein und plant den Kauf von CDI-Anteilen.
**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!** **Zusammenfassung:** Tamboran Resources Corporation hat durch die Ausgabe von 2.673.111 Aktien der Common Stock zu einem Preis von US$21,00 pro Aktie eine bedeutende Kapitalbeschaffung durchgeführt. Das Unternehmen hat US$56,1 Millionen (abzüglich Abschreibungen) erhalten und plant, diese Mittel hauptsächlich zur Finanzierung seines Entwicklungplans im Beetaloo Basin in Australien zu verwenden, mit dem Ziel, erste Gasförderung zu erreichen. Mehrere Schlüsselelemente haben diese Kapitalbeschaffung unterstützt. Erstens wurde eine strategische Partnerschaft mit Baker Hughes, einem führenden Energie-Technologieunternehmen, aufgebaut, das 10 Millionen US-Dollar investiert hat. Diese Partnerschaft ist entscheidend für die Senkung der Betriebskosten (Operational Field Services – OFS) und die Unterstützung von Tamborans Fokus auf das Erreichen erster Gasförderung. Diese Zusammenarbeit wird durch Partnerschaften mit Helmerich & Payne und Liberty Energy verstärkt. Zweitens vollzog das Unternehmen eine PIPE-Transaktion, die 29,3 Millionen US-Dollar (abhängig von der Genehmigung der Aktionäre) sichern ließ. Dies wurde durch eine Abonnementvereinbarung mit Investoren ermöglicht und von RBC Capital Markets, Wells Fargo Securities und BofA Securities als Joint Book-Running Managers geleitet. Es ist wichtig, dass Tamboran ein mehrschichtiges Fundraising-Vorgehen verfolgt. Neben dem PO und dem PIPE wird ein Share Purchase Plan (SPP) angeboten, um bestehende CDI-Inhaber zu beteiligen, mit dem Ziel einer zusätzlichen Beschaffung von 30 Millionen US-Dollar in CDIs. Der Prozess wird von RBC Capital Markets, Wells Fargo Securities und BofA Securities als Joint Book-Running Managers überwacht. Eine Shelf-Registrierungserklärung, die zuvor bei der SEC eingereicht wurde, erleichtert diese Angebote. Die SEC-Genehmigung und die Einhaltung der ASX-Verzeichnisregeln sind wesentliche Aspekte des Verfahrens. Die Ausgabe von Aktien im Rahmen der PIPE umfasst Zuweisungen an Direktoren, Führungskräfte und verbundene Parteien, die ebenfalls der Genehmigung der Aktionäre bedarf. Tamborans Fokus bleibt fest auf dem Beetaloo Basin und seinen Entwicklungsmöglichkeiten.
24.10.25 21:00:55 Die Baker Hughes Q3 2025 Ergebnisübertragung: Rekordauftragslage und strategische Wachstumswerte…
**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!** **Zusammenfassung (600 Wörter)** Baker Hughes (BKR) hat starke Ergebnisse für das dritte Quartal vorgelegt und die Prognose übertroffen mit einem angepassten EBITDA von 1,24 Milliarden US-Dollar – mit einer Marge von 17,7 %. Mehrere Schlüsselfaktoren trugen zu diesem Erfolg bei, vor allem der robuste Nachfrage im Segment Industrial und Energy Technology (IET) und die erheblichen Aufträge im LNG-Sektor. Das Rekord-Backlog von 32,1 Milliarden US-Dollar im IET-Bereich, angetrieben von Aufträgen für Sempra’s Port Arthur Phase 2 und NextDecade’s Rio Grande LNG, verdeutlicht diese Stärke. Dennoch ist das Gesamtbild nuanciert. Während der IET-Auftragswert in den nächsten drei Jahren auf 40 Milliarden US-Dollar geschätzt wird – gestützt auf ein starkes Technologieportfolio –, stellen makroökonomische Herausforderungen, einschließlich eines prognostizierten Rückgangs der globalen Upstream-Ausgaben um eine Ziffer im Hoch-Single-Ziffern-Bereich (geschätzt bei 10 %), eine Bedrohung dar. Das Unternehmen erwartet anhaltend gedämpfte Aktivitäten bis 2026. Darüber hinaus stellen Herausforderungen wie Kostenerhöhungen und eine schwierige Geschäftsmischung im Segment Oilfield Services und Equipment die Rentabilität beeinträchtigt. Eine wichtige strategische Entwicklung ist die Übernahme von Chart, die voraussichtlich Mitte 2026 vollständig integriert sein wird. Obwohl die Übernahme als Meilenstein und eine Chance zur Wertschöpfung angesehen wird, bleibt die Erreichung der erwarteten 325 Millionen US-Dollar an Kosteneinsparungen ein Schwerpunkt. Das Integrationsmanagementbüro, geleitet von Jim Apostolides, arbeitet aktiv an der Systemintegration, der Lieferkette und den kommerziellen Abläufen. Baker Hughes ist strategisch positioniert, um von der wachsenden globalen Nachfrage nach Erdgas, insbesondere nach LNG, zu profitieren. Analysten prognostizieren einen Anstieg der Erdgasnachfrage um 20 % bis 2040 und einen Anstieg der globalen LNG-Nachfrage um 75 %, was eine erhebliche Marktmöglichkeit darstellt. Wichtige finanzielle Ziele sind das Buchung von über 40 Milliarden US-Dollar im IET-Bereich innerhalb der nächsten drei Jahre, die Erreichung einer angepassten EBITDA-Marge von 20 % bis 2028 und die Generierung von 1 Milliarde US-Dollar durch den Verkauf von nicht-strategischen Vermögenswerten. Das Unternehmen setzt das Baker Hughes Business System ein, das KI für Effizienz nutzt und ein Portfolio-Optimierungsprogramm verfolgt, um diese Ziele zu erreichen. Während der Telefonkonferenz wurde hervorgehoben, dass es 800 Millionen US-Dollar an Aufträgen für den Anlagenbau gab, was einen Wachstumsschub in den Bereichen Datenzentren und dezentrale Energiequellen widerspiegelt, insbesondere durch die NovaLT-Turbinen. Die NovaLT-Aufträge werden voraussichtlich 2025 über 1 Milliarde US-Dollar erreichen und werden von Datenzentren und Industrieanwendungen getragen. Die Turbinenbestellungen sind bis 2028 gebucht, was die Marktresilienz zeigt.
24.10.25 17:09:13 Ölplattformen nehmen stärker zu, Ölpreise steigen.
**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!** **Zusammenfassung:** Laut neuen Daten von Baker Hughes ist die Gesamtzahl der aktiven Bohrloch-Rigs für Öl und Gas in den Vereinigten Staaten diese Woche gestiegen. Sie liegt nun bei 550, was eine deutliche Jahresrückgabe von 35 Rigs darstellt. Die Anzahl der aktiven Öl-Rigs ist um 2 gestiegen auf 420, während die Anzahl der Gas-Rigs unverändert bei 121 lag. Die Anzahl der Rigs für andere Zwecke blieb ebenfalls gleich bei 9. Trotz der gestiegenen Anzahl der Rigs deuten breitere Trends auf einen abkühlenden Markt hin. Die wöchentliche US-Produktion von Rohöl sank leicht zum ersten Mal in fünf Wochen auf 13,629 Millionen bpd. Gleichzeitig sank die Anzahl der Crews, die Bohrlöcher fertigstellen, (Frac Spread Count) auf 175, ein Rückgang von 26 Rigs gegenüber Beginn des Jahres. Auch die regionale Bohraktivität verlangsamt sich. Der Permian Basin verzeichnete eine Reduzierung um 1 Bohrloch-Rig, sank auf 250 – ein Rückgang von 54 gegenüber letztem Jahr. Auch der Eagle Ford verzeichnete einen Rückgang, sank auf 43 Rigs, sechs weniger als letztes Jahr. ## Übersetzung **Hinweis:** *This translation prioritizes clarity and accuracy. It aims to convey the meaning of the original text effectively.*
24.10.25 13:23:00 Baker Hughes hatte im dritten Quartal bessere Gewinne und Umsätze als erwartet, und das Plus ist im Vergleich zum Vorjahr gestiegen.
**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!** **Zusammenfassung des Berichts von Baker Hughes (600 Wörter max)** Baker Hughes Company (BKR) hat eine starke dritte Quartalsergebnissen für 2025 vorgelegt, die die Analystenschätzungen in Bezug auf Umsatz und Gewinn übertrifft. Der Gesamtumsatz betrug 7,01 Milliarden US-Dollar, ein Anstieg von 8 % im Vergleich zum Vorjahr, und der bereinigte Gewinn pro Aktie erreichte 68 Cent, was höher war als die Konsensschätzung von 61 Cent. Der wichtigste Treiber dieses Erfolgs war der Geschäftsbereich Industrial & Energy Technology (IET), der seine Umsätze um 15 % auf 3,37 Milliarden US-Dollar ankurbelte, deutlich mehr als die 2,945 Milliarden US-Dollar des Vorjahres. Der Umsatz dieses Geschäftsbereichs stieg um 20 % auf 635 Millionen US-Dollar, angetrieben durch Volumenwachstum, günstigere Preise und positive Wechselkurse. Der Geschäftsbereich Oilfield Services and Equipment (OFSE) hingegen verzeichnete einen Rückgang der Umsätze um 8 % auf 3,636 Milliarden US-Dollar, was auf geringere Volumina, Inflationsdruck und eine Verschiebung des Geschäftsbereichs zurückzuführen ist. Der Umsatz dieses Bereichs sank um 12 % auf 671 Millionen US-Dollar, obwohl Kostensenkungsmaßnahmen und Produktivitätsverbesserungen durchgeführt wurden. Insgesamt verzeichnete Baker Hughes einen Gesamtumsatz von 6,189 Milliarden US-Dollar, was etwas höher war als die 5,899 Milliarden US-Dollar des Vorjahres. Auch ein Anstieg der Bestellungen – 8,207 Milliarden US-Dollar, ein Anstieg um 23 % gegenüber dem Vorjahr – trug zu den positiven Ergebnissen bei, angetrieben durch eine starke Auftragsnachfrage in beiden Bereichen. Der Free Cashflow für das Quartal betrug 699 Millionen US-Dollar, ein Rückgang von 754 Millionen US-Dollar im Vorjahr. Die Kapitalausgaben des Unternehmens beliefen sich auf 230 Millionen US-Dollar für das Quartal. Baker Hughes hielt am Ende des Berichtszeitraums 2,693 Milliarden US-Dollar an liquiden Mitteln und hatte eine langfristige Verschuldung von 5,988 Milliarden US-Dollar mit einem Verschuldungs-zu-Eigenkapital-Verhältnis von 24,8 %. Der Bericht beleuchtete strategische Investitionen. Cheniere Energy, ein wichtiger Akteur im LNG-Bereich, hat kürzlich einen Meilenstein mit der ersten Produktion aus dem Corpus Christi Stage 3 Liquefaction Project erreicht. Bloom Energy produziert fortschrittliche Brennstoffzellen-Energieplattformen. Archrock, das sich auf den Bereich der mittleren Gasverdichtung konzentriert, ist gut positioniert, um von der Energiewende zu profitieren. Baker Hughes trägt derzeit einen Zacks Rank #3 (Hold). Das positive Ausblick des Unternehmens wird teilweise durch besser bewertete Aktien wie Cheniere Energy (LNG), Bloom Energy Corporation (BE) und Archrock Inc. (AROC) unterstützt. --- Would you like me to elaborate on any specific aspect of the summary or translation?