Air Products and Chemicals, IncNYSE: APD
Materials · Industrial Gases
$301.48
+0.47%
Vol: 717K
Research Digest
Friday, May 1, 2026
Air Products raises FY2026 guidance on strong Q2 EPS $3.20 (+19% YoY); Florida facility for space launch industry.
Air Products fiscal Q2 2026 EPS $3.20, +19% from prior year, driven by improved volumes, productivity, and currency gains. Raised FY earnings guidance and announced plans for new air separation unit in Cocoa, Florida targeting H2 2028 startup to supply liquid oxygen, nitrogen, and argon to space launch, medical, metals, and chemical markets. Major analyst upgrades: Bank of America raised PT to $303 from $280 April 21, Berenberg upgraded to Buy with $350 PT (from $275) April 20. Strategic partnerships with Yara for low-emission ammonia and NASA contracts exceeding $140M support growth narrative.
Previous Market Intelligence
13 daysApr 30Air Products Q2 2026 earnings beat: $3.20 EPS vs $3.05 consensus; benefits from helium disruptions and AI demand.Positive▶
Air Products reported strong Q2 2026 results on April 30 with adjusted EPS of $3.20, exceeding consensus of $3.05 by 5%, and revenue of $3.17B vs forecast $3.07B. Operating margins expanded over 200bps. Strong volume growth in on-site operations and productivity improvements offset helium pricing headwinds. Helium supply disruptions from Iran conflict (closing Qatar's Ras Laffan facility, 30% of global supply) benefit APD as leading U.S. producer. Company planning major expansions in South Korea for Samsung and new Florida facility. Stock up 22.5% YTD vs S&P 500's 4.2%.
Apr 16Air Products Q2 earnings April 30; dividend raised to $1.81 (44th consecutive increase)Positive▶
Air Products reported Q1 2026 EPS $3.16 (+10% YoY), beating $3.04 forecast, with revenue $3.1B surpassing $3.05B estimate. Increased quarterly dividend to $1.81 per share, 44th consecutive increase, payable May 11. Stock reached 52-week high at $301.11 with 21.7% year-to-date return. JPMorgan upgraded from Neutral to Overweight, raising target to $310. Q2 2026 earnings call scheduled April 30 at 8 a.m. ET. Consensus Moderate Buy (10 Strong Buy, 1 Moderate Buy, 12 Hold). Major NASA liquid hydrogen contracts worth $140M+; expanding hydrogen, blue/green ammonia, carbon capture projects.
Apr 15Air Products hits new 52-week high with analyst upgrades and increased quarterly dividend to $1.81, marking 44th consecutive year of increases.Positive▶
Air Products reached a new 52-week high on April 9 driven by multiple analyst upgrades. UBS raised price target to $307, Citigroup to $315, and JPMorgan upgraded to Overweight with $310 target. The company increased quarterly dividend to $1.81, continuing its 44-year streak. Q1 2026 EPS was $3.16 (+10% YoY). NASA awarded over $140M in liquid hydrogen contracts. Q2 earnings call scheduled April 30.
Apr 14Air Products hits 52-week high on analyst upgrades; Citigroup raises target to $315, dividend increased to $1.81.Positive▶
Air Products reached new 52-week high of $301.25 on April 9 after multiple analyst upgrades. Citigroup raised target to $315; UBS to $307; JPMorgan upgraded to overweight at $310. Q1 2026 EPS of $3.16 beat $3.04 forecast on revenue of $3.1B. Quarterly dividend increased to $1.81 (44th consecutive year). Secured major NASA liquid hydrogen contracts worth over $140M. Q2 earnings April 30.
Apr 13Air Products hits new 52-week high at $301.25 after UBS upgrade to $307 price target; dividend raised 44th consecutive year.Positive▶
Air Products reached a 52-week high of $301.25 after UBS raised price target from $285 to $307. JPMorgan upgraded to Overweight on March 20 with $310 target. Q1 2026 EPS of $3.16 (+10% YoY) exceeded forecast of $3.04; revenue of $3.1B surpassed consensus. Dividend increased to $1.81/share, marking 44th consecutive annual increase. FY2026 guidance maintained at $12.85-$13.15 EPS.
Apr 10Air Products hit 52-week high on Q1 earnings beat and NASA contract wins with JPMorgan upgrade driving momentum.Positive▶
Air Products hit a new 52-week high at $301.11 after reporting Q1 2026 EPS of $3.16 (+10% YoY), exceeding forecasts of $3.04, with revenue of $3.1B surpassing expectations. The company secured new NASA liquid hydrogen supply contracts and raised quarterly dividend to $1.81 (44th consecutive increase). JPMorgan upgraded to Overweight on March 20 and Argus raised price target to $316.
Apr 9Air Products beats Q1 earnings with strong margin expansion and analyst upgradesPositive▶
Air Products reported Q1 2026 EPS of $3.16 (+10% YoY), exceeding forecasts, with revenue of $3.1 billion (+6%). Operating margin improved to 24.4%. JPMorgan upgraded the stock to Overweight with a $310 price target, and Argus raised its target to $316. The company secured new NASA liquid hydrogen contracts and highlighted electronics as a "star segment" with AI-driven growth. Maintained FY26 guidance of $12.85-$13.15 EPS.
Apr 8Air Products Announces 44th Consecutive Year of Dividend IncreasesPositive▶
Air Products increased quarterly dividend to $1.81/share with strong analyst upgrades. Stock gained 1.42% with positive momentum from clean ammonia projects and helium market strength.
Apr 7Air Products wins $140M NASA hydrogen contracts while raising dividend 44th consecutive year and securing analyst upgradesPositive▶
Air Products reported Q1 2026 GAAP EPS of $3.04 (up 10%) and adjusted EPS of $3.16 (up 10%) beating $3.04 forecast on $3.1B sales (up 6%). Company increased quarterly dividend to $1.81/share marking 44th consecutive increase. Won $140M+ NASA liquid hydrogen supply contracts across multiple sites. Wells Fargo upgraded to Overweight citing strong Q1, dividend hike, new hydrogen contracts. JPMorgan upgraded to Overweight with $310 target (up from $280), Argus raised to $316 from $265, Mizuho raised to $330 from $290. Reaffirmed FY26 EPS guidance $12.85-$13.15. Stock at $294.11. Analyst consensus positive driven by hydrogen momentum and clean energy tailwinds.
Apr 6Air Products reports strong Q1 earnings with NASA hydrogen contracts and Wells Fargo upgrade.Positive▶
Air Products and Chemicals reported Q1 2026 GAAP EPS of $3.04 (up 10%) and GAAP operating income of $735M (up 14%), with adjusted EPS of $3.16 (up 10%). The company secured new NASA liquid hydrogen supply contracts totaling $140M+ and increased its quarterly dividend to $1.81 per share for the 44th consecutive year. Wells Fargo upgraded the stock to Overweight with strong analyst sentiment supported by rising helium prices and strategic hydrogen contracts. The stock has delivered strong returns: 4.6% over 7 days, 16.4% year-to-date.
Apr 3JPMorgan and Wells Fargo upgrade APD to Overweight; $140M NASA hydrogen contracts awarded, dividend raised 44th consecutive year.Positive▶
Air Products upgraded to Overweight by JPMorgan (target $316) and Wells Fargo due to strong Q1 earnings and helium tailwinds. Q1 2026 adjusted EPS of $3.16 (+10% YoY) exceeded forecasts. Awarded $140M+ in NASA liquid hydrogen supply contracts. Announced dividend increase to $1.81 (44th consecutive year). Stock up 16.4% YTD.
Apr 2Air Products wins NASA contracts; JPMorgan and Wells Fargo upgrade; dividend raisedPositive▶
Air Products wins NASA liquid hydrogen contracts; JPMorgan and Wells Fargo upgrade to Overweight on helium demand; dividend raised to $1.81 (44th consecutive increase).
Apr 1Air Products upgraded by Wells Fargo to Overweight ($325 PT) and JPMorgan ($316 PT) citing helium price recovery.Positive▶
Air Products received multiple analyst upgrades on helium price recovery. Wells Fargo upgraded to Overweight with $325 PT. JPMorgan upgraded to Overweight with $316 PT. Q1 2026 EPS of $3.16 (+10% YoY) beat $3.04 forecast. Increased quarterly dividend to $1.81 (44th consecutive increase).
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| LINLINDE | $508.66 | +1.50% | +0.3% | 25.7x | 0.79 | $232.2B |
| APDAIR | $301.48 | +0.47% | +2.0% | 21.2x | 0.81 | $66.8B |
| NEMNEWMONT | $108.91 | -1.96% | -1.5% | 9.8x | 0.47 | $118.6B |
| FCXFREEPORT | $56.78 | -1.74% | -5.4% | 15.7x | 1.47 | $82.9B |
| SHWSHERWIN | $317.83 | -1.18% | +1.6% | 24.2x | 1.27 | $79.3B |
| CRHCRH | $115.72 | -2.28% | +11.4% | 18.0x | 1.24 | $79.1B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.