Air Products & Chemicals Inc NYSE:APD Price, Chart, News & Insight

Air Products to Build Malaysia’s First LNG-Based Air Separation Unit for PETRONAS-Led Venture

Air Products announced a definitive agreement with PG Cold Energy 1, a joint venture led by PETRONAS Gas Berhad and DIALOG Group, to design, build and operate Malaysia’s first LNG-based air separation unit at the Pengerang LNG regasification terminal in Johor.

The facility will produce more than 600 tonnes per day of liquid oxygen, nitrogen and argon and is expected to begin operations in early 2027. It will become Air Products’ fifth LNG-based air separation unit in Asia.

The project is designed to use cold energy from the LNG regasification process to liquefy air, improving energy efficiency and reducing production-related emissions compared with conventional processes.

The new plant will serve industrial customers across Southern and Central Malaysia, including the electrical and electronics, petrochemical, aerospace and manufacturing sectors.

For Air Products, the project expands regional production capacity while deepening a relationship with PETRONAS Gas that spans more than four decades. It also strengthens the company’s position in energy-efficient industrial gas infrastructure as Malaysian industrial demand continues to grow.

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European Investor 10-08-26

Air Products Stock Rises After Beating Q3 Expectations and Raising Full-Year Guidance

Air Products (NYSE: APD) shares rose 2% in premarket trading after the industrial gases company reported better-than-expected fiscal third-quarter adjusted earnings and raised its full-year 2026 guidance, signaling confidence in its core business despite taking significant one-time charges related to project restructuring.

Third-quarter sales increased 5% year over year to $3.2 billion, while adjusted operating income rose 9% to $810 million. Adjusted EPS climbed 12% to $3.47, exceeding the high end of management's guidance, driven by higher on-site volumes, pricing improvements, favorable currency movements and stronger equity affiliate income.

Core Industrial Gas Business Remain Strong

Growth was broad-based across the company's regional operations. Americas revenue increased 5% on stronger volumes from hydrogen and on-site facilities, while Asia delivered 9% sales growth and an 18% increase in operating income as new assets and improved helium demand supported profitability. Europe also posted higher revenue, benefiting from pricing gains and favorable currency despite softer volumes.

The underlying performance helped offset higher operating costs and ongoing macroeconomic uncertainty.

Portfolio Optimization Supports Higher Outlook

Air Products reported a GAAP operating loss of $2.1 billion and a loss per share of $6.47 after recording approximately $2.9 billion in pre-tax charges related to the cancellation of several clean energy projects, including the Louisiana Clean Energy Complex and the Arizona green hydrogen facility.

Management said these decisions are part of a broader strategy to optimize the project portfolio and focus capital on higher-return industrial gas investments. Reflecting confidence in the underlying business, the company raised its full-year adjusted EPS guidance to $13.39-$13.49 and now expects fiscal 2026 capital expenditures of approximately $3.5 billion.

The quarter also included a new long-term semiconductor supply agreement in Taiwan and the completion of a marketing agreement with Yara for renewable ammonia from the NEOM Green Hydrogen Project in Saudi Arabia.

What to Watch

Investors welcomed the stronger-than-expected adjusted earnings and higher guidance, looking beyond the large non-cash restructuring charges. Going forward, markets will monitor execution of Air Products' streamlined capital strategy, growth from new industrial gas projects, demand from semiconductor customers and the commercialization of the NEOM green hydrogen project.

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WS Investor 07-30-26

Air Products (APD) Stock Extends Gains After Bernstein Reiterates Outperform Rating

Air Products and Chemicals (NYSE: APD) shares rose 5% on Wednesday and added another 2.3% in premarket trading Thursday after Sanford C. Bernstein reiterated its Outperform rating with a $344 price target.

The analyst note helped sustain buying momentum into the afternoon session and carried over into today's premarket trading.

Bernstein analyst James Hooper maintained the firm's Outperform rating and reaffirmed the $344 price target, signaling continued confidence in Air Products' long-term earnings potential despite ongoing macroeconomic uncertainty affecting the industrial gases sector.

Air Products remains well positioned to benefit from its portfolio of long-term industrial gas contracts and investments in large-scale clean hydrogen and energy transition projects, which analysts view as key drivers of future growth.

# Why APD Stock Is Rising

Investors appeared encouraged by several factors:

* Sanford C. Bernstein reiterated its Outperform rating.
* The firm maintained its $344 price target.
* The midday analyst report helped fuel Wednesday's rally and supported continued buying into Wednesday's premarket session.
* Investors remain constructive on the company's long-term growth opportunities in industrial gases and clean energy.

The reaffirmed bullish outlook reinforced investor confidence in Air Products, helping extend the stock's gains after yesterday's strong advance.

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WS Investor 07-02-26

Air Products to Supply Industrial Gases for Samsung's New Semiconductor Fab in South Korea

Air Products has been selected by Samsung Electronics to supply industrial gases for a new advanced semiconductor fabrication facility in Pyeongtaek, South Korea. Under the agreement, Air Products will build, own, and operate multiple production facilities to supply nitrogen, oxygen, argon, and hydrogen, with operations expected to come online in phases between 2028 and 2030. The project marks Air Products' largest-ever investment in the semiconductor industry and will make Pyeongtaek its single largest electronics-focused operations site worldwide. The company has supplied Samsung globally for decades and has maintained a presence in South Korea for over 50 years.

Source: Air Products and Chemicals, Inc. Press Release, April 29, 2026

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Global Finance News 04-29-26

Air Products announced plans to build, own, and operate a new air separation unit (ASU) in Cocoa, Florida, to support growing demand from the space launch industry. The facility, expected to be operational in the second half of 2028, will produce liquid oxygen, nitrogen, and argon.

In addition to supplying space launch providers, the plant will serve regional markets including metals, medical, and chemical industries. The project strengthens Air Products’ presence in Florida, where it has operated for over 30 years, and expands its U.S. network of approximately 70 ASUs.

The company said the new facility will enhance its ability to meet increasing industrial gas demand while supporting the expansion of the space sector.

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The Investor 04-26-26

Air Products (NYSE:APD) declared a quarterly dividend of $1.81 per share of common stock.

The dividend is payable on August 10, 2026 to shareholders of record at the close of business on July 1, 2026.

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Global Finance News 04-24-26

Air Products (NYSE:APD) will release 2026 second quarter financial results on Thursday, April 30, 2026

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WS Investor 04-14-26

Air Products to Broadcast Fiscal 2026 Second Quarter Earnings Teleconference on April 30, 2026

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European Investor 04-13-26

Air Products reported a strong start to fiscal 2026, exceeding first-quarter guidance as adjusted EPS rose 10% year over year to $3.16, above the top end of expectations. GAAP EPS increased 10% to $3.04, while GAAP operating income climbed 14% to $735 million, supported by favorable pricing, business mix and lower costs.

The company reaffirmed full-year fiscal 2026 adjusted EPS guidance of $12.85–$13.15, set second-quarter adjusted EPS guidance at $2.95–$3.10, and maintained capital expenditure expectations of around $4.0 billion. Recent developments include advanced talks with Yara on low-emission ammonia projects, a dividend increase to $1.81 per share marking the 44th consecutive annual raise, and more than $140 million in NASA hydrogen supply contracts.

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Global Finance News 01-30-26

Air Products said it has won more than $140 million in new contracts from NASA to supply liquid hydrogen to multiple U.S. space facilities, including the Kennedy Space Center, Cape Canaveral Space Force Station, and other NASA locations.

Under the contracts, Air Products will deliver about 36.5 million pounds of liquid hydrogen to support launch and testing operations at facilities in Florida, Alabama, Mississippi, and Texas. The company highlighted its long-standing relationship with NASA, which dates back to 1957 and has supported major programs from Apollo and the Space Shuttle to Orion and the upcoming Artemis II mission.

Air Products noted that it completed the first fill of the world’s largest liquid hydrogen storage sphere at Kennedy Space Center in 2025, delivering more than 730,000 gallons of liquid hydrogen. The company added that space-related applications remain a key business area, alongside growing support for private space launch providers.

Source: Air Products press release

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WS Investor 01-28-26

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