Air Products & Chemicals, Inc. 8K

Air Products reported a large GAAP loss due to $2.9 billion of project exit charges while raising 2026 adjusted EPS guidance and scaling back certain clean energy projects, including the Louisiana Clean Energy Complex and an Arizona hydrogen facility.

Air Products and Chemicals, Inc. reported its fiscal 2026 third quarter results, disclosing a GAAP operating loss of $2.1 billion and a GAAP loss per share of $6.47 driven by approximately $2.9 billion in pre-tax charges tied to exiting previously announced clean energy projects, including the Louisiana Clean Energy Complex and a zero‑carbon liquid hydrogen facility in Casa Grande, Arizona, while underlying performance remained strong with adjusted EPS of $3.47 and adjusted operating income of $810 million; the company raised its full‑year 2026 adjusted EPS guidance to $13.39–$13.49, now expects about $3.5 billion in fiscal 2026 capital expenditures, highlighted new long‑term electronics supply projects in Taiwan, and announced a finalized marketing and distribution agreement with Yara for renewable ammonia from the NEOM Green Hydrogen Project.

Filing Facts

CIK

2969

Ticker

APD

Form

8K

Source Type

sec

Accession

0000002969-26-000034

Alert Tier

8