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Air Products sees 5% profit rise in Q1 despite revenue dip

Gas
February 7, 2025

Air Products reported steady profit growth, with GAAP net income rising 5% year-over-year in its Q1 2025 financial results, despite a 2% revenue decline primarily due to the sale of its LNG business.

The industrial gas giant published its financials just days after naming former Linde executive Eduardo Menezes as its new CEO, effective today (7^th February).

Menezes takes over from Seifi Ghasemi, who has led Air Products since 2014 and shaped its two-pillar strategy on hydrogen and industrial gases.

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Gas
June 25, 2026

Fuel cell investment by data centres to reach $30bn by 2030

By 7 min ago 3 min read Energy-hungry data centres developers are turning more to on-site fuel cells with investment set to rise tenfold to $30bn by 2030, according to…

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June 25, 2026

Spain redirects €211m in IPCEI funds to BP-Iberdrola hydrogen plant expansion

Castellón refinery © BP By 44 min ago 2 min read BP and Iberdrola could expand their 25MW green hydrogen plant at the British oil major’s refinery in Spain, after…