Chart Industries, Inc. (GTLS)

In the past six months, Chart Industries' stock has been impacted by several key events. Chart Industries' shareholders approved an all-cash acquisition by Baker Hughes Company at $210.00 per share, anticipated to close by mid-2026. Chart Industries reported record orders and sales for the third quarter 2025, but also recorded a $266 million expense for the Flowserve merger termination fee and a $258 million liability related to potential repayment to Baker Hughes. The company reported full-year 2025 orders of $5.68 billion and sales of $4.26 billion, but fourth-quarter orders decreased by 23.8% year-over-year. Chart Industries released its Q1 2026 earnings report. In November 2025, Chart Industries announced that CEO Jill Evanko would transition to a Senior Advisor role in 2026, and Gerry Vinci was appointed as President, effective January 6, 2026.

Demand for Chart Industries' products and services can exhibit some seasonality, particularly in certain segments. The adoption of cryogenic tanks and LNG for peak shaving facilities suggests a seasonal component in demand for these specific products. The company's diverse portfolio across various end markets helps to balance overall demand. The long-term nature of many of Chart's projects also contributes to a degree of recession resistance.

Chart Industries, Inc. is a global manufacturer of engineered equipment for the clean energy and industrial gas markets, operating in the Industrials sector, specifically in the Specialty Industrial Machinery industry. The company's business is segmented into Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing. Cryo Tank Solutions supplies equipment for the storage, distribution, vaporization, and application of industrial gases and certain hydrocarbons. Heat Transfer Systems provides equipment and systems for the separation, liquefaction, and purification of hydrocarbon and industrial gases. Specialty Products offers equipment and process technologies for diverse applications. Repair, Service & Leasing includes a global network of repair and service centers providing solutions for cryogenic products.

Chart Industries has a significant global presence, with domestic operations across the United States. Internationally, the company has a presence in Asia, Australia, Europe, and Latin America, with engineering and manufacturing facilities located in Europe, India, and China. It also maintains a global network for sales and service.

Chart Industries generally maintains a positive brand image through its focus on clean energy solutions, decarbonization targets, and sustainability goals. However, in the past year, the company has faced some challenges related to its reputation. Chart Industries has a record of safety-related and environment-related offenses, with multiple workplace safety or health violations cited by OSHA in 2024 and 2023.

Chart Industries' ownership structure is a mix of institutional, retail, and individual investors. Approximately 97.95% of the company's shares are held by institutional investors, including BlackRock, Inc. and Vanguard Group Inc. Insiders hold approximately 1.75% of the company's stock, with First Reserve GP X Inc. being the largest individual shareholder. Retail investors hold approximately 55.71% of the company's stock.