GTLS - Chart Industries: Record Volumes Grow EBITDA To Ease Debt Concerns
2024-05-06 19:17:37 ET
Summary
- Chart Industries reported a record first quarter. Management reiterated full-year earnings guidance.
- The company sees LNG as a key part of the energy mix and infrastructure for the foreseeable future.
- The market worries about the company's debt load are declining, indicating confidence in its deleveraging program.
- We have never replaced an energy source or even stopped that source from growing. We have added additional energy sources.
- The diversification plan away from big LNG is working.
Chart Industries, Inc. ( GTLS ) reported a record first quarter. As the company diversifies into more "green" industries, the base business involving natural gas is doing well also. The company remains on course to resolve debt issues as discussed previously . That progress is largely due to the demand for natural gas "across the board" in green and non-green industries.
Chart Industries: Record Volumes Grow EBITDA To Ease Debt Concerns" I guess, I can't speak for everyone, but broadly our customers are saying it's going to continue to be a key part of their mix, their infrastructure, and their energy source. So, I think we'll continue to see that infrastructure for LNG, in particular on transport and ISOs movement in port terminal, that type of thing."