Air Products & Chemicals Inc.

S&P Global Ratings has raised its outlook for Air Products from 'negative' to 'stable' and confirmed the issuer and debt ratings at A as well as the short-term rating at A-1. The agency views the withdrawal from projects such as the Louisiana Clean Energy complex and the liquid hydrogen facility in Casa Grande as credit-positive, although this resulted in one-time pre-tax charges of about $2.9 billion and reduced the capital plan to $3.5 billion. Air Products generated positive adjusted operating free cash flow on an LTM basis for the first time since 2022; FFO/debt improved to 30% and the debt/EBITDA ratio is 2.7x, leading S&P to expect the company will prioritize traditional industrial-gas projects going forward. » Więcej na de.investing.com

Air Products reported adjusted earnings per share of $3.47 for the third quarter, beating the consensus estimate of $3.33. For fiscal 2026 the company raised its adjusted earnings outlook to $13.39–13.49 (consensus previously $13.22) and expects adjusted EPS of $3.55–3.65 for Q4. At the same time, planned capital expenditures were significantly reduced after Air Products withdrew from two major projects in Louisiana and Casa Grande, a move intended to reinforce capital discipline. The stock reacted positively in premarket trading, supported by a generally favorable market environment and continued demand in the industrial gases sector. » Więcej na de.investing.com

The board of directors of Air Products has declared a quarterly dividend of $1.81 per common share. Payment will be made on November 9, 2026; the record date is October 1, 2026. Air Products is an industrial gases company and reported revenue of $12.0 billion for fiscal 2025. » Więcej na de.investing.com

Air Products has secured a long-term contract to support the semiconductor expansion in Taiwan and will build, own and operate four air separation units as well as bulk-gas supply systems. The project includes new underground pipelines, connections to the existing network and the supply of nitrogen, oxygen, argon and helium for several new factories and back-end facilities. Analysts see the contract as a support for Air Products' turnaround and as an expansion of its presence in Taiwan's growing semiconductor sector. » Więcej na de.investing.com

Bank of America reports markedly improved investor sentiment toward Air Products after the formal termination of the Darrow project. The bank’s clients expect the company to beat estimates for the third quarter and to raise its guidance for fiscal 2026. Cited drivers include cost cuts, better pricing and higher helium prices; discussions point to a new EPS range of $13.15 to $13.35. » Więcej na de.investing.com