Baker Hughes raised its full-year financial outlook on Wednesday following its $13.6 billion acquisition of industrial equipment manufacturer Chart Industries. The announcement came as the oilfield services company reported positive expectations for the liquefied natural gas (LNG) market amid ongoing challenges.

During the Barclays Annual Energy conference, Baker Hughes CEO Lorenzo Simonelli highlighted the acquisition’s role in strengthening the company’s position. Completed in July, the deal was approved by the European Union’s antitrust authorities, contingent on Baker Hughes selling Chart’s proprietary process technology and its small-scale process technology unit.

Simonelli expressed cautious optimism about LNG demand, noting that while equipment orders have been constrained by a slow pace of project approvals and restrained customer spending, the company anticipates improved visibility and a recovery in LNG orders beginning in 2027.

Shares of Baker Hughes rose 3.2 percent in early trading following the forecast update. The company’s revised outlook reflects synergies expected from integrating Chart’s capabilities and positions Baker Hughes to capitalize on anticipated growth in global energy infrastructure.