Chart Industries Rides LNG, Hydrogen Demand to Backlog Growth

Chart Industries Rides LNG, Hydrogen Demand to Backlog Growth

November 5, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Chart Industries Incorporated (NYSE:GTLS) (Atlanta, Georgia), which provides engineered equipment to the clean-energy and industrial-gas markets, enjoyed strong revenues in the third quarter as orders increased amid rising demand for its liquefied natural gas (LNG), hydrogen, data-center and carbon-capture equipment.

Industrial Info is tracking more than $34 billion worth of active projects across the U.S. featuring Chart's services, the bulk of which is attributed to the LNG production sector. LNG projects accounted for a significant share of the quarterly revenues, led by big-ticket developments such as Cheniere Energy Incorporated's Corpus Christi LNG Liquefaction Plant in Texas.

Other companies featured: Woodside Energy Group (NYSE:WDS), Tellurian Incorporated, Pointe LNG and Plug Power Incorporated (NASDAQ:PLUG).

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