Air Products and Chemicals, Inc.

Air Products and Chemicals’ pricing strength remains unabated, with its volume improving for an impressive ninth consecutive quarter, bolstered by strong on-site performance, and the integration of over 13 new assets. The anticipated acquisition of the natural gas-to-syngas facility in Uzbekistan and the novel LNG sale of equipment projects are expected to bolster future earnings considerably. Strategically, Air Products & Chemicals underscores two fundamental growth pillars: the robust core industrial gas business and the pioneering low and zero-carbon hydrogen projects. Their recent accomplishments include the financial closing of the NEOM green hydrogen joint venture, touted as the world’s most extensive green hydrogen production facility, amassing over $6 billion in nonrecourse financing. The latest quarter results were also commendable, with a 3% volume increase and a 10% rise in merchant price. Furthermore, the company’s EBITDA surged by 12%, with EBITDA margins leaping almost 600 basis points.