Air Products and Chemicals (NYSE:APD) Releases Q2 2026 Earnings Guidance

Air Products and Chemicals (NYSE:APD) issued an update on its second quarter 2026 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 2.950-3.100 for the period, compared to the consensus estimate of 3.030. The company issued revenue guidance of -. Air Products and Chemicals also updated its FY 2026 guidance to 12.850-13.150 EPS.

Air Products and Chemicals Stock Up 6.5%

Shares of NYSE APD traded up $16.54 during midday trading on Friday, hitting $272.56. The stock had a trading volume of 2,532,746 shares, compared to its average volume of 1,532,489. The business’s 50 day moving average is $254.11 and its 200-day moving average is $268.69. Air Products and Chemicals has a 52 week low of $229.11 and a 52 week high of $341.14. The company has a quick ratio of 1.20, a current ratio of 1.38 and a debt-to-equity ratio of 0.98. The company has a market cap of $60.67 billion, a P/E ratio of -153.12, a PEG ratio of 2.51 and a beta of 0.87.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Friday, January 30th. The basic materials company reported $3.16 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 company had revenue of $3.10 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. 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, analysts predict that Air Products and Chemicals will post 12.69 EPS for the current year.

Air Products and Chemicals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Wednesday, April 1st will be issued a $1.81 dividend. The ex-dividend date of this dividend 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 payout ratio is -406.74%.

Analyst Upgrades and Downgrades

A number of research firms have commented on APD. UBS Group cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $310.00 to $250.00 in a research note on Thursday, December 11th. Argus decreased their price objective on shares of Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft set a $255.00 price target on Air Products and Chemicals in a report on Wednesday, December 10th. Mizuho dropped their price objective on Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, December 18th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Air Products and Chemicals in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and an average target price of $293.80.

Key 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

A number of hedge funds have recently modified their holdings of APD. Bison Wealth LLC acquired a new stake in Air Products and Chemicals during the 4th quarter valued at approximately $245,000. Brighton Jones LLC raised its holdings in shares of Air Products and Chemicals by 14.5% during the fourth quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock worth $945,000 after purchasing an additional 412 shares during the last quarter. PYA Waltman Capital LLC lifted its position in Air Products and Chemicals by 5.5% during the third quarter. PYA Waltman Capital LLC now owns 4,369 shares of the basic materials company’s stock valued at $1,191,000 after purchasing an additional 229 shares during the period. Logan Capital Management Inc. grew its position in Air Products and Chemicals by 1.4% during the 3rd quarter. Logan Capital Management Inc. now owns 6,350 shares of the basic materials company’s stock worth $1,732,000 after purchasing an additional 89 shares during the period. Finally, Redwood Investment Management LLC purchased a new position in shares of Air Products and Chemicals during the 2nd quarter valued at about $1,694,000. 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.