Air Products & Chemicals, Inc. (APD)

The company now

Air Products reported a loss of $6.47 per share and an operating loss of $2.1 billion for its fiscal third quarter of 2026 3.

The loss came from about $2.9 billion of charges for ending large clean energy projects, chiefly the Louisiana Clean Energy Complex and a hydrogen plant in Casa Grande, Arizona 34.

Without the charges, the everyday business grew: adjusted operating income, which leaves the charges out, was $810 million, up nine percent, on sales of $3.2 billion 3.

Chief executive Eduardo Menezes said the company has “a clear pathway to reduce capital expenditures” 3.

The company raised its fiscal 2026 guidance for adjusted earnings per share to a range of $13.39 to $13.49 and now expects capital spending of about $3.5 billion 3.

The question still open is the NEOM Green Hydrogen Project in Saudi Arabia, which the company expects to deliver green ammonia in 2027, with a sales deal for the ammonia finalized with Yara 13.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.