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ATLANTA - Chart Industries (NYSE:GTLS), a $9 billion market cap company with a perfect Piotroski Score of 9 according to InvestingPro, has secured a contract from Bechtel Energy Inc. to supply equipment for Sempra Infrastructure’s Port Arthur LNG Phase 2 development project in Jefferson County, Texas, according to a press release statement issued Monday.
The order, received in the third quarter of 2025, includes air-cooled heat exchangers, brazed aluminum heat exchangers, and cold boxes for the liquefied natural gas facility. This follows Chart’s previous equipment supply for the Phase 1 development of the same project.
"We congratulate the Sempra Infrastructure and Bechtel teams on the progress made to date at Port Arthur LNG and the decision and execution to bring more scale to this site," said Jill Evanko, CEO and President of Chart Industries.
Chart Industries specializes in process technologies and equipment for gas and liquid molecule handling across various sectors including power, water, food, and industrial applications. The company operates 65 global manufacturing locations and more than 50 service centers worldwide.
The financial terms of the contract were not disclosed in the announcement.
In other recent news, Chart Industries, Inc. reported second-quarter earnings that surpassed analyst expectations. The company’s strong order growth and improved operating margins contributed to this earnings beat, although revenue estimates were slightly missed. Meanwhile, Flowserve Corporation has terminated its merger agreement with Chart Industries. This decision came after Chart’s Board identified an unsolicited acquisition proposal from Baker Hughes as a "superior proposal" under the merger terms. Consequently, Flowserve will receive a $266 million termination payment. These developments highlight significant shifts for both companies.
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