Fixed endpoint variations yield the Euler–Lagrange equation
When is independent of , differentiation gives
This is the Beltrami identity. Denote the constant by when nonzero; for a general Lagrangian a zero constant is also possible.
The film area is . Suppressing its harmless positive factor , take . The Euler–Lagrange equation reduces to
The first integral is with . Hence and, using the differential equation without dividing by , . The positive solution obeying that first integral is . Equal endpoint radii force , giving
Thus every smooth positive stationary film in this axisymmetric class is a catenoid.
Put . The boundary equation is . The function tends to infinity at both endpoints of , and
Its minimum occurs when . The function is strictly increasing, with derivative , and has limits and . It therefore has exactly one positive zero . At this point , so . This proves the catenoid existence threshold for equal rings:
At equality there is one stationary solution and above it two. The equation describes candidates for an area minimum, not a guarantee that both branches minimize. The thinner-neck branch is unstable to suitable axisymmetric variations; topology-changing collapse can also compete with connected films. In particular two separate planar disks have area . The derived threshold concerns existence of the smooth annular stationary film; it does not exclude such disconnected competitors.

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