One of the proposals to increase the performance of the gas turbines is to improve chemical recuperated cycle. In this cycle, the heat in the turbine exhaust gases is used to heat and modify the chemical characteristics of the fuel. One mixture of natural gas and steam receives heat from the exhaust turbine gases; the mixture components react among themselves producing hot synthesis gas. In this work, an analysis and nonlinear optimization of the cycle were made in order to investigate the temperature and pressure influence on the global cycle performance. The chemical composition in the reformer was assumed according to chemical equilibrium equations, which presents good agreement with data from literature. The mixture of hot gases was treated like ideal gases. The maximum net profit was achieved and a thermodynamic second law analysis was made in order to detect the greatest sources of irreversibility. (C) 2004 Elsevier Ltd. All rights reserved.