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/APD
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Air Products and Chemicals Inc

Air Products and Chemicals Inc

APD
$291.43USD↓-0.76%-2.22 today

MARKET CAP

64.9B

P/E (TTM)

30.8x

FWD P/E

—

DAY RANGE

$289 – $296

52W RANGE

$229
$315

AI Summary

Stalk
Sell NowMedium

APD has decisively broken its short-term support near the 9- and 20-day EMAs and 50-day SMA, activating a bearish Support Failure pattern. Momentum is negative, with price now below key EMAs and pulling away from failed support. The medium-term directional bias remains bearish, calling for immediate sell-side participation to capture potential extension toward the 200-day SMA. Any reclaim of the broken EMAs and short-term range would invalidate this stance.

  • ↑Q3 2026 EPS $3.47, +12% YoY, driven by volume growth and strong pricing.
  • ↑Q3 revenue $2.7B (+5% YoY) and operating income $691M (+9% YoY).
  • ↓Helium market weakness could reduce EPS by 4%–5% in FY26.
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The case for & against

Bull & Bear analysis

Bullish

Air Products and Chemicals, Inc. (NYSE: APD) is a leading global supplier of industrial gases, including hydrogen, nitrogen, and oxygen, with a substantial market position in sectors such as energy, refining, chemicals, and electronics. The company is strategically positioned in the rising demand for clean energy solutions, particularly through its initiatives in hydrogen and ammonia production. This aligns with the broader theme of the energy transition, where Air Products aims to leverage its technological advantages in sustainable practices and innovative projects like the NEON green hydrogen facility.

Bull says

  • ↑Q3 2026 EPS $3.47, +12% YoY, driven by volume growth and strong pricing.
  • ↑Q3 revenue $2.7B (+5% YoY) and operating income $691M (+9% YoY).
  • ↑Returned $1.2B to shareholders YTD; 43-year dividend growth track record.
  • ↑NEON green hydrogen and ammonia projects to expand clean energy revenue.
  • ↑Low leverage risk and stable market presence support balance sheet resilience.
  • ↑Asian electronics demand to more than double heating volumes by 2030.

Bear says

  • ↓Helium market weakness could reduce EPS by 4%–5% in FY26.
  • ↓$2.9B pre-tax charge this quarter from canceled projects undermines earnings.
  • ↓Macroeconomic pressures in Europe and Asia may limit volume growth.
  • ↓Rising power and materials costs strain margins and profitability.
  • ↓FY26 CapEx forecast $3.5B signals high capital intensity amid uncertainty.
  • ↓Negative profitability metrics and lowered earnings forecasts weigh on outlook.

Investment themes with APD

High Dividend Yield↓ -0.51%

Companies paying above-average dividends

AVGO · JPM · XOM

Earnings Call · Q3 2025 · Mgmt. Guidance

Updated 08-15-2026neutral

Transcript signals

Bull points

  • we expect to do that because we have a larger scale. So I think that validates the numbers that we presented in terms of the competitiveness of our project in terms of care packs.
  • And we expect that to pick up and to increase in the next years.
  • I think the demand will be there and on top of that, as I mentioned, I strongly believe that Blue Ammonia from the United Coast Coast will be very competitive in Europe and I think there is room for more projects

Bear points

  • the fundamentals of the project remains very strong.
  • we are anticipating around a 55 to 60 cent headwind from EPS which again is about 4 to 5 percent.
  • inflation being somewhat of a headwind. I was wondering what exactly that is and what you expect going forward in terms of costs? We continue to see inflation all
Read full transcript analysis ›