Air Products and Chemicals (NYSE:APD) Releases Q4 2026 Earnings Guidance

Air Products and Chemicals (NYSE:APD) issued an update on its fourth quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 3.550-3.650 for the period, compared to the consensus earnings per share estimate of 3.520. The company issued revenue guidance of -. Air Products and Chemicals also updated its FY 2026 guidance to 13.390-13.490 EPS.

Air Products and Chemicals Price Performance

Shares of Air Products and Chemicals stock opened at $299.75 on Friday. The stock has a market capitalization of $66.75 billion, a P/E ratio of 31.72, a PEG ratio of 2.67 and a beta of 0.73. The business has a 50 day simple moving average of $289.60 and a two-hundred day simple moving average of $286.63. Air Products and Chemicals has a 12 month low of $229.11 and a 12 month high of $314.87. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.43 and a quick ratio of 1.21.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.34 by $0.13. Air Products and Chemicals had a return on equity of 16.11% and a net margin of 16.91%.The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period in the previous year, the company posted $3.09 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. Air Products and Chemicals has set its FY 2026 guidance at 13.390-13.490 EPS and its Q4 2026 guidance at 3.550-3.650 EPS. As a group, analysts predict that Air Products and Chemicals will post 13.22 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be issued a dividend of $1.81 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.4%. Air Products and Chemicals’s dividend payout ratio is presently 76.61%.

Analyst Ratings Changes

A number of brokerages have recently commented on APD. Wells Fargo & Company increased their target price on shares of Air Products and Chemicals from $325.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Morgan Stanley upped their price objective on shares of Air Products and Chemicals from $290.00 to $310.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Evercore reissued an “outperform” rating and issued a $342.00 target price on shares of Air Products and Chemicals in a research note on Friday, July 10th. Sanford C. Bernstein upped their price target on Air Products and Chemicals from $344.00 to $345.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Finally, Weiss Ratings upgraded Air Products and Chemicals from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $326.88.

Air Products and Chemicals News Summary

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

• Positive Sentiment: Adjusted fiscal Q3 EPS was $3.47, above the $3.34 consensus estimate and up from $3.09 a year earlier. Higher on-site volumes, pricing and favorable currency contributed to the improvement. Revenue rose 4.6% year over year to $3.16 billion. APD Q3 Earnings Beat on Volume Growth, Sales Miss Estimates
• Positive Sentiment: Management raised fiscal 2026 adjusted EPS guidance to $13.39-$13.49, above the $13.22 analyst consensus, and forecast fourth-quarter EPS of $3.55-$3.65 versus the $3.52 consensus. Air Products Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Air Products announced a long-term Taiwan semiconductor agreement covering four air-separation units, bulk-gas systems and pipeline infrastructure, supporting its electronics growth strategy. It also finalized a marketing and distribution agreement for renewable ammonia from Saudi Arabia’s NEOM Green Hydrogen Project. Air Products Reports Fiscal 2026 Third Quarter Results
• Neutral Sentiment: The company now expects fiscal 2026 capital expenditures of approximately $3.5 billion, after previously spending $2.9 billion on Louisiana-related actions. Lower spending may improve cash discipline, but also signals a smaller near-term project pipeline.
• Negative Sentiment: GAAP results were sharply negative, with a $6.47 loss per share and a $2.1 billion operating loss, primarily due to charges tied to abandoning the Louisiana Clean Energy Complex, discontinuing an Arizona liquid-hydrogen facility and exiting other clean-energy projects. Air Products Swings to 3Q Loss After Project Exits
• Negative Sentiment: Quarterly revenue of $3.16 billion narrowly missed the $3.20 billion consensus estimate, suggesting that earnings growth was driven more by volumes, pricing and currency than by broad-based sales strength.

Hedge Funds Weigh In On Air Products and Chemicals

Several large investors have recently made changes to their positions in APD. StoneX Group Inc. increased its holdings in Air Products and Chemicals by 1.3% during the 4th quarter. StoneX Group Inc. now owns 2,787 shares of the basic materials company’s stock worth $688,000 after acquiring an additional 36 shares during the period. L2 Asset Management LLC boosted its holdings in Air Products and Chemicals by 4.8% in the 3rd quarter. L2 Asset Management LLC now owns 1,023 shares of the basic materials company’s stock valued at $279,000 after purchasing an additional 47 shares during the period. Loomis Sayles & Co. L P grew its position in shares of Air Products and Chemicals by 12.2% during the 4th quarter. Loomis Sayles & Co. L P now owns 440 shares of the basic materials company’s stock valued at $109,000 after purchasing an additional 48 shares in the last quarter. CreativeOne Wealth LLC increased its holdings in shares of Air Products and Chemicals by 3.4% in the fourth quarter. CreativeOne Wealth LLC now owns 1,692 shares of the basic materials company’s stock worth $418,000 after purchasing an additional 56 shares during the period. Finally, Transamerica Financial Advisors LLC raised its position in shares of Air Products and Chemicals by 35.4% in the fourth quarter. Transamerica Financial Advisors LLC now owns 218 shares of the basic materials company’s stock worth $54,000 after buying an additional 57 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

About Air Products and Chemicals

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.