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Methanex Corp. - MEOH STOCK NEWS

Welcome to our dedicated news page for Methanex (Ticker: MEOH), a resource for investors and traders seeking the latest updates and insights on Methanex.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Methanex's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Methanex's position in the market.

News
Methanex Reports on Annual General Meeting of Shareholders and Welcomes Roger Perreault to Its Board of Directors
Rhea-AI Summary
Methanex reported the results of its Annual General Meeting, where shareholders voted in favor of all proposed business items and elected Roger Perreault to its Board of Directors. The voting results showed high approval rates for director nominees. KPMG LLP was re-appointed as auditor, and an advisory vote on executive compensation was approved. Roger Perreault's appointment brings extensive industry experience to enhance the Board's expertise. Methanex is a leading methanol producer and supplier in global markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.05%
Tags
management
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News
Methanex Corporation – Notice of Cash Dividend
Rhea-AI Summary
Methanex , a leading producer and supplier of methanol, has declared a quarterly dividend of US$0.185 per share. The dividend will be payable on June 28, 2024, to common shareholders of record on June 14, 2024. Methanex is listed on the TSX and NASDAQ under the symbols 'MX' and 'MEOH' respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.13%
Tags
dividends
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News
Methanex Reports Higher First Quarter 2024 Earnings as Methanol Prices Increase
Rhea-AI Summary
Methanex reported higher first quarter 2024 earnings with net income of $53 million and Adjusted EBITDA of $160 million. The average realized price per tonne increased to $343 compared to $322 in the previous quarter. Repair costs for the Geismar 3 plant are estimated at $15 million, with total capital cost expected at $1.30 billion. Methanex completed repairs at the Egypt plant and renewed a $300 million revolving credit facility with an additional $200 million tranche. They returned $12.5 million to shareholders in dividends and ended the quarter with $407 million in cash.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.13%
Tags
earnings
News
Methanex Renews and Adds New Tranche to Revolving Credit Facility
Rhea-AI Summary
Methanex (NASDAQ:MEOH) renews its US$300 million revolving credit facility and adds a new US$200 million tranche. The facility, arranged with a syndicate of banks, expires in 2028, with the additional tranche expiring in 2026. RBC Capital Markets served as the Arranger. The move aims to enhance financial flexibility and maintain a resilient balance sheet across the methanol price cycle.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.13%
Tags
none
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News
Methanex Releases 2023 Sustainability Report
Rhea-AI Summary
Methanex Corporation (MEOH) releases its 2023 Sustainability Report emphasizing safety, environmental impact, and community contributions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.98%
Tags
none
-
News
Methanex Provides Update on Geismar 3 Methanol Plant in Geismar, Louisiana
Rhea-AI Summary
Methanex Corporation announces delay in commercial production of its new methanol plant, Geismar 3, due to complications in the autothermal reformer, potentially pushing production to the end of the third quarter of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.8%
Tags
none
News
Methanex Corporation – Notice of Cash Dividend
Rhea-AI Summary
Methanex Corporation (MEOH) has declared a quarterly dividend of US$0.185 per share, payable on March 28, 2024, to holders of common shares of record on March 14, 2024. Methanex is the world's largest producer and supplier of methanol to major international markets, with shares listed on the TSX and NASDAQ.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.35%
Tags
dividends
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News
Methanex Reports Higher Fourth Quarter 2023 Earnings as Methanol Prices Strengthen; Geismar 3 in Start Up Process
Rhea-AI Summary
Methanex reported net income of $33 million and Adjusted EBITDA of $148 million in the fourth quarter of 2023. The average realized price in the fourth quarter was $322 per tonne. Full year 2023 net income was $174 million and Adjusted EBITDA was $622 million. The Geismar 3 plant is in the process of starting up and is expected to ramp up to full rates over the month of February. Methanex returned $136 million to shareholders through regular dividends and share purchases in 2023 and ended the fourth quarter with $458 million in cash.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.75%
Tags
earnings
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News
Methanex Corporation to Speak at the 27th Annual CIBC Western Institutional Investor Conference
Rhea-AI Summary
Methanex Corporation's President and CEO, Mr. Rich Sumner, will participate in a fireside chat at the 27th Annual CIBC Western Institutional Investor Conference on January 18, 2024. Methanex is the world's largest supplier of methanol to major international markets and is publicly traded on the Toronto Stock Exchange and NASDAQ Global Market under the trading symbols 'MX' and 'MEOH' respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.25%
Tags
conferences
News
Methanex Corporation Provides Update on Egypt Operations
Rhea-AI Summary
Methanex Corporation (MX, MEOH) announced an unplanned outage at its Egypt methanol production facility, with an estimated production resumption by Q1 2024. As the world’s largest methanol supplier, this news impacts Methanex's stock performance and market position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Methanex Corp.

Nasdaq:MEOH

MEOH Rankings

#1491 Ranked by Market Cap
#959 Ranked by Stock Gains
#1598 Ranked by Dividends

MEOH Stock Data

3.25B
66.91M
0.33%
82.78%
1.93%
Cyclic Crude, Intermediate, and Gum and Wood Chemical Manufacturing
Manufacturing
Link
Canada
Vancouver

About MEOH

methanex corporation is the world’s largest producer and supplier of methanol to major international markets in north america, asia pacific, europe and latin america. methanex is a vancouver, canada-based, publicly traded company with shares listed for trading on the toronto stock exchange in canada under the trading symbol "mx"​; on the nasdaq global market in the united states under the trading symbol "meoh"​. methanol, a liquid chemical produced primarily from natural gas, is used as a chemical feedstock in the manufacture of a range of consumer and industrial products, such as building materials, foams, resins, and plastics, as well as in the production of methyl tertiary-butyl ether; and energy applications. methanex can be visited online at http://www.methanex.com.