Chart Industries

GTLS

Market cap $9.17B

Penn Capital sold 108,881 shares of Chart Industries worth about $18 million. The firm exited its entire position.

Evanko to Remain Senior Advisor through Completion of Baker Hughes Transaction; Board to Appoint Interim CEO Evanko to Remain Senior Advisor through Completion of Baker Hughes Transaction; Board to Appoint Interim CEO

San Francisco-based No Street decreased its holdings in Chart Industries by 565,000 shares in the third quarter—marking a net position change of $79.7 million. The transaction value equaled 7.1% of the fund's reportable assets under management at quarter-end.

Exited 42,136 shares in Chart Industries; net position change of $6.9 million Post-trade stake: 0 shares, valued at $0 The position previously accounted for 3.3% of fund AUM as of the prior quarter

Chart Industries reported a Q3 loss due to a breakup fee from a replaced deal with Baker Hughes. Shareholders approved the new Baker Hughes proposal. GTLS's stock price reflects high confidence in deal completion.

Baron Discovery Fund ended the quarter up 2.85% but underperformed its benchmark, the Russell 2000 Growth Index. The Fund's top 10 positions represented 29.9% of the Fund's net assets, which is in line with the historical average. During the quarter, we established a new position in Primo Brands Corporation.

Although the revenue and EPS for Chart Industries (GTLS) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Chart Industries (GTLS) came out with quarterly earnings of $2.78 per share, missing the Zacks Consensus Estimate of $3.01 per share. This compares to earnings of $2.18 per share a year ago.

HOUSTON, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) today reported results for the third quarter ended September 30, 2025. On July 28, 2025 Baker Hughes (NASDAQ: BKR) and Chart entered into a definitive agreement for Baker Hughes to acquire all outstanding shares of Chart's common stock for $210 per share in cash. In the third quarter, we recorded an expense of $266 million for the merger termination fee to Flowserve (NYSE: FLS), $258 million of which was paid by Baker Hughes, and a liability of $258 million as we could be required to repay Baker Hughes in certain limited circumstances. Following shareholder approval of the transaction on October 6, 2025, repayment can only be required if Chart does not maintain certain standard representations and warranties. Although management believes it is highly unlikely that the termination fee would be required to be repaid, U.S. GAAP requires the Company to record the liability and not record the gain on extinguishment of the liability until the transaction closes, which is expected to be in mid-2026.

Exited 35,228 shares in Chart Industries. Estimated trade size: $5.8 million Represents a 1.1% change in the fund's 13F reportable assets under management for the period ended Q3 2025 Post-trade stake: zero shares, $0 value