Chart Industries Announces President and CEO Jill Evanko Will Resign in Early 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 17 2025
0mins
Should l Buy BKR?
Source: NASDAQ.COM
Leadership Change: Jill Evanko, President and CEO of Chart Industries, will step down in early 2026 to pursue a new opportunity, while remaining a senior advisor during the transition period related to the company's acquisition by Baker Hughes.
Background of Evanko: Evanko has been with Chart since 2017, previously serving as CFO and holding various executive roles at other companies, including Truck-Lite Co. and Dover Corp.
Acquisition Details: The acquisition of Chart Industries by Baker Hughes has been approved by shareholders and is expected to close by mid-2026, pending regulatory approvals, with Baker Hughes offering $210 per share.
Interim Leadership: Chart's Board plans to appoint an interim CEO from within the company to ensure continuity during the transition following Evanko's departure.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy BKR?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on BKR
Wall Street analysts forecast BKR stock price to rise
13 Analyst Rating
12 Buy
1 Hold
0 Sell
Strong Buy
Current: 61.390
Low
52.00
Averages
61.54
High
67.00
Current: 61.390
Low
52.00
Averages
61.54
High
67.00
About BKR
Baker Hughes Company is an energy technology company with a portfolio of technologies and services that span the energy and industrial value chain. The Company operates in two segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). OFSE segment provides products and services for onshore and offshore oilfield operations across the lifecycle of a well, ranging from exploration, appraisal, and development, to production, rejuvenation, and decommissioning. OFSE is organized into four product lines: Well Construction; Completions, Intervention, and Measurements; Production Solutions, and Subsea and Surface Pressure Systems. IET segment provides technology solutions and services for mechanical-drive, compression and power-generation applications across the energy industry, including oil and gas, liquefied natural gas (LNG) operations, downstream refining and petrochemical markets, as well as lower carbon solutions to broader energy and industrial sectors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
U.S. Rig Count Declines as Oil Prices Dip
- Permian Basin Rig Count Decline: The latest data from Baker Hughes indicates a decrease of three rigs in the Permian Basin this week, bringing the total to 238 active rigs, down from 304 a year ago, suggesting a slowdown in drilling activity that could impact future oil supply.
- National Rig Count Unchanged: The national oil and gas rig count remains unchanged at 551 rigs, compared to 588 rigs a year ago, reflecting overall market weakness and investor caution regarding future oil and gas market conditions.
- Shifts in Rig Distribution: Among the active rigs, the number seeking oil decreased by three to 409, while those exploring for natural gas increased by three to 133, indicating a rising demand for natural gas in the current market environment.
- Slight Drop in Oil Prices: The regional benchmark price for oil ended Friday at $59.37 per barrel, down 66 cents from last week, while the national benchmark West Texas Intermediate crude closed at $62.89 per barrel, also down 66 cents, indicating pressure on oil prices in the market.
See More
Baker Hughes Plans Sale of Waygate Technologies Unit
- Asset Sale Plan: Baker Hughes is set to initiate the sale of its Waygate Technologies unit in the coming months, potentially attracting interest from private equity firms and fetching around $1.5 billion, which could optimize capital allocation and enhance shareholder value.
- Significant Acquisition Context: Following its $9.6 billion acquisition of industrial equipment maker Chart Industries last year, Baker Hughes is conducting a comprehensive evaluation of its capital allocation to ensure effective integration and business growth post-acquisition.
- New Order Secured: Recently, Baker Hughes received a gas turbine order from Twenty20 Energy to supply 10 Frame 5 gas turbines and associated equipment for U.S. data center infrastructure, further solidifying its market position in critical infrastructure.
- Positive Stock Reaction: Baker Hughes shares rose 4% on Wednesday, reflecting market optimism regarding its potential asset sale and new orders, although retail sentiment remains bearish; nonetheless, the company's stock has increased nearly 30% over the past year.
See More
Baker Hughes Hits Nine-Year High After Major Order from Twenty20 Energy
- Major Order Announcement: Baker Hughes (BKR) has secured a significant order from Twenty20 Energy for 10 Frame 5 gas turbines and associated generator technology, supporting up to 250 MW of power generation capacity, indicating strong demand in the power equipment market.
- Delivery Schedule: Initial deliveries are designated for Twenty20 Energy's data center projects in Georgia and Texas, scheduled for completion in 2027, which will help meet the increasing demand for digital infrastructure.
- Strategic Partnership Outlook: This order signifies progress in the strategic agreement between Baker Hughes and Twenty20 Energy, as both companies commit to supplying multi-gigawatt power generation equipment to address the rapidly growing demand for reliable and sustainable power in the U.S.
- Positive Market Reaction: Baker Hughes (BKR) shares rose 3.8% in Wednesday's trading, reaching a nine-year high of $62.08, reflecting investor optimism regarding the company's future growth potential.
See More
Saudi and U.S. Firms Form Consortium for Syrian Energy Exploration
- Energy Exploration Consortium: Saudi Arabia's ACWA Power and TAQA, along with U.S. firms Baker Hughes, Hunt Energy, and Argent LNG, are forming a consortium for energy exploration and production in Syria, targeting 4-5 exploration blocks in the northeastern region to rebuild war-damaged energy infrastructure.
- Urgent Investment Needs: The Syrian government is seeking billions of dollars in foreign investment to repair its severely damaged energy facilities due to 14 years of war, highlighting the urgent need for reconstruction in the energy sector.
- Kurdish Forces Integration: The eastern region of Syria, traditionally rich in oil and previously controlled by Kurdish forces, has agreed to integrate into state governance, creating new opportunities for foreign investment and enhancing the stability of energy development.
- Accelerated International Cooperation: Last week, Chevron signed an initial offshore gas exploration agreement in Syria with a Qatari firm, indicating a rising interest from international energy companies in the Syrian market, potentially paving the way for future investments.
See More
Energy Sector Sees Sustained Growth Amid Tech Stagnation
- Energy Sector Recovery: The energy sector has achieved eight consecutive weeks of growth, a trend not seen in nearly two years, indicating a market shift towards tangible resources amid stagnation in Big Tech.
- Contract-Driven Growth: SLB's recent international project awards and higher-margin digital completions have reignited confidence that service providers are entering a multi-year spending upswing, driving overall industry performance.
- Capital Expenditure Shift: Major companies like Exxon and Chevron are shifting their capital programs towards complex, high-return projects that require more engineering, equipment, and services, providing robust support for SLB and Baker Hughes.
- Tech Sector Lagging: While investors are skeptical about the rapid growth of AI revenues in the tech sector, the energy sector's sustained performance suggests a preference for tangible scarcity over digital hype, reflecting a broader investor inclination towards physical assets.
See More
Baker Hughes (BKR.US) Officer Plans to Sell $3.22 Million in Common Stock via Form 144
- Stock Sale Announcement: Baker Hughes officer Borraas Maria intends to sell 54,434 shares of its common stock on February 9.
- Market Value: The total market value of the shares being sold is approximately $3.22 million.
See More
U.S. Rig Count Declines as Oil Prices Dip
- Permian Basin Rig Count Decline: The latest data from Baker Hughes indicates a decrease of three rigs in the Permian Basin this week, bringing the total to 238 active rigs, down from 304 a year ago, suggesting a slowdown in drilling activity that could impact future oil supply.
- National Rig Count Unchanged: The national oil and gas rig count remains unchanged at 551 rigs, compared to 588 rigs a year ago, reflecting overall market weakness and investor caution regarding future oil and gas market conditions.
- Shifts in Rig Distribution: Among the active rigs, the number seeking oil decreased by three to 409, while those exploring for natural gas increased by three to 133, indicating a rising demand for natural gas in the current market environment.
- Slight Drop in Oil Prices: The regional benchmark price for oil ended Friday at $59.37 per barrel, down 66 cents from last week, while the national benchmark West Texas Intermediate crude closed at $62.89 per barrel, also down 66 cents, indicating pressure on oil prices in the market.
See More
Baker Hughes Plans Sale of Waygate Technologies Unit
- Asset Sale Plan: Baker Hughes is set to initiate the sale of its Waygate Technologies unit in the coming months, potentially attracting interest from private equity firms and fetching around $1.5 billion, which could optimize capital allocation and enhance shareholder value.
- Significant Acquisition Context: Following its $9.6 billion acquisition of industrial equipment maker Chart Industries last year, Baker Hughes is conducting a comprehensive evaluation of its capital allocation to ensure effective integration and business growth post-acquisition.
- New Order Secured: Recently, Baker Hughes received a gas turbine order from Twenty20 Energy to supply 10 Frame 5 gas turbines and associated equipment for U.S. data center infrastructure, further solidifying its market position in critical infrastructure.
- Positive Stock Reaction: Baker Hughes shares rose 4% on Wednesday, reflecting market optimism regarding its potential asset sale and new orders, although retail sentiment remains bearish; nonetheless, the company's stock has increased nearly 30% over the past year.
See More
Baker Hughes Hits Nine-Year High After Major Order from Twenty20 Energy
- Major Order Announcement: Baker Hughes (BKR) has secured a significant order from Twenty20 Energy for 10 Frame 5 gas turbines and associated generator technology, supporting up to 250 MW of power generation capacity, indicating strong demand in the power equipment market.
- Delivery Schedule: Initial deliveries are designated for Twenty20 Energy's data center projects in Georgia and Texas, scheduled for completion in 2027, which will help meet the increasing demand for digital infrastructure.
- Strategic Partnership Outlook: This order signifies progress in the strategic agreement between Baker Hughes and Twenty20 Energy, as both companies commit to supplying multi-gigawatt power generation equipment to address the rapidly growing demand for reliable and sustainable power in the U.S.
- Positive Market Reaction: Baker Hughes (BKR) shares rose 3.8% in Wednesday's trading, reaching a nine-year high of $62.08, reflecting investor optimism regarding the company's future growth potential.
See More
Saudi and U.S. Firms Form Consortium for Syrian Energy Exploration
- Energy Exploration Consortium: Saudi Arabia's ACWA Power and TAQA, along with U.S. firms Baker Hughes, Hunt Energy, and Argent LNG, are forming a consortium for energy exploration and production in Syria, targeting 4-5 exploration blocks in the northeastern region to rebuild war-damaged energy infrastructure.
- Urgent Investment Needs: The Syrian government is seeking billions of dollars in foreign investment to repair its severely damaged energy facilities due to 14 years of war, highlighting the urgent need for reconstruction in the energy sector.
- Kurdish Forces Integration: The eastern region of Syria, traditionally rich in oil and previously controlled by Kurdish forces, has agreed to integrate into state governance, creating new opportunities for foreign investment and enhancing the stability of energy development.
- Accelerated International Cooperation: Last week, Chevron signed an initial offshore gas exploration agreement in Syria with a Qatari firm, indicating a rising interest from international energy companies in the Syrian market, potentially paving the way for future investments.
See More
Energy Sector Sees Sustained Growth Amid Tech Stagnation
- Energy Sector Recovery: The energy sector has achieved eight consecutive weeks of growth, a trend not seen in nearly two years, indicating a market shift towards tangible resources amid stagnation in Big Tech.
- Contract-Driven Growth: SLB's recent international project awards and higher-margin digital completions have reignited confidence that service providers are entering a multi-year spending upswing, driving overall industry performance.
- Capital Expenditure Shift: Major companies like Exxon and Chevron are shifting their capital programs towards complex, high-return projects that require more engineering, equipment, and services, providing robust support for SLB and Baker Hughes.
- Tech Sector Lagging: While investors are skeptical about the rapid growth of AI revenues in the tech sector, the energy sector's sustained performance suggests a preference for tangible scarcity over digital hype, reflecting a broader investor inclination towards physical assets.
See More
Baker Hughes (BKR.US) Officer Plans to Sell $3.22 Million in Common Stock via Form 144
- Stock Sale Announcement: Baker Hughes officer Borraas Maria intends to sell 54,434 shares of its common stock on February 9.
- Market Value: The total market value of the shares being sold is approximately $3.22 million.
See More
