Air Products (APD) Q4 Earnings: $3.61 EPS Consensus and the Hydrogen Test

As seen on the 24/7 Wall St. homepage on November 5, 2026.

APD Air Products & Chemicals, Inc.
Reports Thu Nov 5 Before open Confirmed

Air Products reports fiscal fourth-quarter results before the open, with consensus at $3.61 EPS on $3.34 billion in revenue from 19 analysts. Three straight beats have set the bar, and the hydrogen spending question is what the guidance has to answer.

    Continue ReadingShow less

    Air Products reports its fiscal fourth-quarter results before the opening bell on November 5, with analysts at a consensus of $3.61 in earnings per share. The report is confirmed before markets open, so investors will have numbers in hand before the first trade.

    The backdrop heading into this report is a three-quarter streak of beats, which raises the bar considerably. Clearing consensus is table stakes at this point; the question is by how much, and whether management can sustain the kind of outperformance that has built that streak.

    Sponsored

    Guidance on hydrogen spending matters more than the headline figures here. That capital commitment has been a persistent source of investor scrutiny, and the quarterly report is the clearest window into how the company is sizing and pacing those outlays.

    Any softness in the forward outlook on hydrogen investment, or results closer to expectations, will draw an immediate market reaction given how much the recent run of beats has shaped sentiment around the stock.

    Sources

    Mentioned: APD

    Related Market Updates

    APD Air Products and Chemicals
    Q4 2026
    EPS
    $3.61
    est $3.61 -0.0%
    Revenue
    $3.56B
    est $3.34B +6.6%

    Management guided fiscal 2027 adjusted EPS to $14.15 to $14.50, growth of 5% to 8%, after cutting capital spending by $1.8 billion and exiting two China coal gasification plants. Revenue came in 6.6% above expectations, with adjusted earnings essentially meeting estimates.

    Read more
    Earnings · 2026 Q4 Eduardo F Menezes Chief Executive Officer, Air Products and Chemicals
    Our fiscal 2026 results demonstrate the progress we are making to improve our core industrial gas business, strengthen execution, and allocate capital with discipline. We delivered 12 percent adjusted EPS growth, reduced capital expenditures by $1.8 billion, and expanded our industrial gas project backlog through new business wins.

    Menezes is pitching Air Products as a leaner industrial gas operator, with $1.8 billion pulled out of capital spending while earnings still grew. Whether that discipline holds as the project backlog builds is the question for fiscal 2027 guidance.

    Read more
    APD Air Products and Chemicals
    New 52-week high $316.43 +0.7% vs prior high · 2026-07-02
    $323$274$225

    Air Products just printed a new 52-week high at $316.43, clearing its early July peak by 0.71% and capping a climb off the $231 low set last December.

    Read more