Chart Industries, Inc. 2025 Annual Report: Company Overview, Segments, and Merger with Baker Hughes

Chart Industries, Inc. 2025 Annual Report: Key Investor Highlights and Price-Sensitive Updates

Overview

Chart Industries, Inc. (“Chart”), a leading global manufacturer of engineered equipment for the industrial gas, energy, and biomedical industries, has released its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. This report contains a number of important disclosures and updates that are highly relevant for investors, particularly in light of ongoing merger activity and significant financial and operational developments.

Key Price-Sensitive Highlights

1. Merger Agreement and Expected Closing

Shareholders have approved the Merger Agreement as of October 6, 2025. Regulatory reviews are still underway in certain jurisdictions, but the company anticipates closing the transaction in the second quarter of 2026. This merger is a significant corporate event that could substantially impact Chart’s future direction, valuation, and share price.
The timing of the closing may evolve depending on regulatory progress. Investors should monitor ongoing updates as any delay or advancement could affect share values.
Detailed risk factors related to the merger and ownership of common stock are discussed in the “Risk Factors” section of the report.

2. Financial Performance and Equity Position

Aggregate Market Value: As of the last business day of the most recently completed second fiscal quarter, the aggregate market value of voting common equity held by non-affiliates was approximately \$7.49 billion (based on a share price of \$164.65).
Shares Outstanding: As of February 24, 2026, Chart Industries had 85,865,593 shares of common stock outstanding (par value \$0.01 per share).
The company’s common stock trades on the New York Stock Exchange (NYSE: GTLS).

3. Company Structure and Segments

Chart Industries operates through four reportable segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.
The company’s solutions cover the value chain from production to distribution, storage, and consumption, serving diverse global energy, industrial, and biomedical markets.
Chart leverages a “One Chart” approach in its global commercial, engineering, product, operations, and aftermarket organizations.

4. Regulatory and Compliance Status

Well-Known Seasoned Issuer: Chart is a large accelerated filer and a well-known seasoned issuer under SEC rules.
The company is not a shell company, a smaller reporting company, or an emerging growth company.
Chart has filed all required reports and has submitted all Interactive Data Files as required by SEC regulations.
Sarbanes-Oxley Compliance: The company’s management’s assessment of internal controls over financial reporting has been attested to by its independent registered public accounting firm.
No Financial Statement Restatements: The company affirms there have been no corrections of errors in previously issued financial statements requiring restatements or incentive compensation clawbacks.

5. Risk Factors and Shareholder Considerations

The report urges investors to review the “Risk Factors” section, especially risks related to the pending merger, regulatory reviews, and potential impacts on common stock value and governance.
The company emphasizes that the timing and outcome of the merger process could have substantial effects on corporate structure, market value, and future prospects.
No documents are incorporated by reference in this annual report, meaning all material disclosures are included herein.

6. Additional Information

The annual report includes a comprehensive table of contents, with dedicated sections on business operations, risk factors, cybersecurity, mine safety, market for equity, management discussion, quantitative and qualitative disclosures about market risk, and detailed financial statements.
The company’s principal executive offices are located in The Woodlands, Texas.

Potential Share Price Impact

The approval and anticipated closing of the merger transaction represent the most significant potential catalyst for Chart Industries’ share price in the near-to-medium term. The final outcome of regulatory reviews and the ultimate structure of the merged entity may result in material revaluation of the company’s shares. Investors should consider the inherent risks of regulatory delays or changes in deal terms, as well as the strategic benefits the merger could bring to Chart’s operations and market reach.

Disclaimer

This article is a summary and interpretation of key disclosures from Chart Industries, Inc.’s 2025 Annual Report on Form 10-K, intended for informational purposes only. It does not constitute investment advice. Investors should review the full official report and consult with professional advisors before making any investment decisions. Share prices are subject to market risks, including those outlined in the company’s risk factor disclosures.