Overview
- Fiscal Q1 revenue reached $3.1 billion with GAAP profit of $678.2 million, GAAP EPS of $3.04, adjusted EPS of $3.16, and a 24.4% operating margin as adjusted operating income rose 12% year over year.
- The company maintained full‑year adjusted EPS guidance of $12.85 to $13.15 and guided Q2 adjusted EPS to $2.95 to $3.10 while setting fiscal 2026 capital expenditures at roughly $4 billion.
- Management cited productivity gains and non‑helium pricing as key drivers, with volumes flat and helium expected to be an approximately 4% EPS headwind for the year.
- Strategic moves include advanced talks with Yara on low‑emission ammonia with a Saudi marketing agreement expected in the first half of 2026 and a plan to deconsolidate the NEOM green‑hydrogen joint venture once operational around mid‑2027 to remove related debt.
- Recent wins feature more than $140 million in NASA liquid‑hydrogen supply contracts, nearly $400 million returned to shareholders alongside a dividend increase, and shares up about 4% intraday though down roughly 22% over 12 months.