Air Products and Chemicals (NYSE:APD) Releases FY 2026 Earnings Guidance

Air Products and Chemicals (NYSE:APD) updated its FY 2026 earnings guidance on Friday. The company provided EPS guidance of 12.850-13.150 for the period, compared to the consensus EPS estimate of 12.930. The company issued revenue guidance of -. Air Products and Chemicals also updated its Q2 2026 guidance to 2.950-3.100 EPS.

Air Products and Chemicals Trading Up 6.5%

NYSE APD opened at $272.56 on Friday. The firm has a market cap of $60.67 billion, a PE ratio of -153.12, a price-to-earnings-growth ratio of 2.52 and a beta of 0.87. Air Products and Chemicals has a 1-year low of $229.11 and a 1-year high of $341.14. The stock has a 50-day moving average of $254.42 and a 200-day moving average of $268.56. The company has a current ratio of 1.38, a quick ratio of 1.20 and a debt-to-equity ratio of 0.98.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Friday, January 30th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.12. Air Products and Chemicals had a positive return on equity of 15.18% and a negative net margin of 3.28%.The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same period last year, the company earned $2.86 EPS. Air Products and Chemicals’s revenue for the quarter was up 5.8% compared to the same quarter last year. Air Products and Chemicals has set its Q2 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. As a group, sell-side analysts forecast that Air Products and Chemicals will post 12.69 EPS for the current year.

Air Products and Chemicals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Wednesday, April 1st will be issued a dividend of $1.81 per share. The ex-dividend date is Wednesday, April 1st. This represents a $7.24 dividend on an annualized basis and a yield of 2.7%. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.79. Air Products and Chemicals’s dividend payout ratio (DPR) is currently -402.25%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on APD. Deutsche Bank Aktiengesellschaft set a $255.00 price target on shares of Air Products and Chemicals in a research report on Wednesday, December 10th. Evercore ISI dropped their target price on shares of Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating for the company in a report on Tuesday, November 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Air Products and Chemicals in a report on Monday, December 29th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $250.00 price objective (down previously from $330.00) on shares of Air Products and Chemicals in a report on Friday, December 19th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Air Products and Chemicals in a research report on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $288.00.

More Air Products and Chemicals News

Here are the key news stories impacting Air Products and Chemicals this week:

• Positive Sentiment: Q1 results beat expectations — adjusted EPS $3.16 vs. $3.04 expected and revenue $3.10B vs. $3.05B, with margins benefiting from lower costs and pricing. This beat is the primary driver of the rally. APD Q1 Earnings Beat on Lower Costs
• Positive Sentiment: Management maintained FY‑2026 guidance (EPS 12.85–13.15) and set Q2 guidance (2.95–3.10), signaling confidence in the business and limiting downside from the quarter. Air Products Reports Fiscal 2026 First Quarter Results
• Positive Sentiment: Corporate wins and shareholder actions: increased quarterly dividend to $1.81 (44th consecutive annual raise) and new/ongoing contracts including >$140M in NASA liquid‑hydrogen awards and progress on low‑emission ammonia deals — supportive for long‑term revenue visibility. Air Products Reports Fiscal 2026 First Quarter Results
• Neutral Sentiment: Guidance relative to consensus is mixed — the company’s FY and Q2 ranges are essentially maintained but sit near or slightly below some street estimates (e.g., consensus Q2 ~3.03; FY consensus cited ~12.93), which could cap upside until guidance traction is confirmed.
• Neutral Sentiment: Planned capital expenditures remain high (~$4.0B for FY‑2026). That supports growth projects (H2, ammonia, hydrogen infrastructure) but may constrain free cash flow near term. Air Products Reports Fiscal 2026 First Quarter Results
• Negative Sentiment: Relative performance: some coverage noted APD underperformed peers recently, a reminder of potential short‑term volatility if sector momentum fades. Air Products Underperforms Peers

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in APD. Viking Global Investors LP purchased a new position in shares of Air Products and Chemicals in the 2nd quarter valued at approximately $607,601,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Air Products and Chemicals by 644.6% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,031,306 shares of the basic materials company’s stock worth $281,258,000 after purchasing an additional 892,793 shares in the last quarter. Invesco Ltd. lifted its position in Air Products and Chemicals by 31.2% during the third quarter. Invesco Ltd. now owns 1,880,652 shares of the basic materials company’s stock valued at $512,891,000 after buying an additional 447,724 shares during the period. Sei Investments Co. boosted its holdings in shares of Air Products and Chemicals by 197.6% during the 2nd quarter. Sei Investments Co. now owns 281,861 shares of the basic materials company’s stock valued at $79,498,000 after buying an additional 187,142 shares in the last quarter. Finally, State Street Corp grew its position in shares of Air Products and Chemicals by 1.1% in the 3rd quarter. State Street Corp now owns 9,559,492 shares of the basic materials company’s stock worth $2,607,065,000 after buying an additional 106,578 shares during the period. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is a global supplier of industrial gases and related equipment and services, headquartered in Allentown, Pennsylvania. The company produces and delivers atmospheric gases such as oxygen, nitrogen and argon, as well as specialty and process gases used across a wide range of industrial applications. Air Products designs, builds and operates gas production facilities, merchant distribution networks and on-site gas systems for customers that require reliable, high-purity gases and integrated supply solutions.

The company’s product and service portfolio includes packaged and bulk gas supply, pipeline distribution, on-site generation, gas handling and storage equipment, and engineered systems for gas liquefaction and purification.