Overview
- APD shares have fallen roughly 25% over the past year as investors reassess the company’s direction.
- Management exited several capital‑intensive clean‑energy and LNG projects, booking a $2.3 billion after‑tax charge and a GAAP net loss of about $1.7 billion in fiscal Q2 2025, while the core gas business continues to generate cash and fund a dividend.
- A leadership transition installed Eduardo F. Menezes as CEO following a proxy battle with activist Mantle Ridge.
- Recent broker moves include Argus cutting its target to $265 while keeping Buy, UBS downgrading to Neutral with a $250 target, and Deutsche Bank trimming its target to $255 with a Hold.
- Updated commentary highlights 2026 guidance above expectations, projected EPS growth of roughly 7%–9%, lower capex, and improving offtake visibility tied to progress with Yara on Louisiana and NEOM.