Welcome to our dedicated page for Methanex news (Ticker: MEOH), a resource for investors and traders seeking the latest updates and insights on Methanex stock.
Methanex Corporation (Nasdaq: MEOH, TSX: MX) is a Vancouver-based, publicly traded company that describes itself as the world’s largest producer and supplier of methanol. The Methanex news feed on Stock Titan brings together company announcements, operational updates, and regulatory disclosures that help investors and industry followers understand developments in this global methanol producer.
Recent Methanex news has covered quarterly financial and production results, including detailed data on methanol production volumes, sales volumes, and realized prices per tonne. The company regularly reports on the performance of its production facilities in regions such as the United States, Chile, Trinidad, New Zealand, Egypt, and Canada, as well as on the contribution from newly acquired assets like the Beaumont and Natgasoline plants in Texas.
News items also highlight corporate actions and strategic moves. Examples include the completion of Methanex’s acquisition of OCI Global’s international methanol business, the launch of global methanol bunkering operations through partnerships in the Amsterdam–Rotterdam–Antwerp region and South Korea, and Board-level changes such as the appointment of new directors. Dividend declarations are announced through news releases and related Form 6-K filings, providing information on quarterly cash dividends and key dates for shareholders.
Visitors to the MEOH news page can expect coverage of earnings releases, production and capacity updates, acquisitions and transaction-related filings, marine fuel and low-carbon methanol initiatives, investor events such as Investor Day webcasts, and governance announcements. Reviewing this news stream alongside historical disclosures can help readers track how Methanex’s methanol production footprint, financial profile, and strategic priorities evolve over time.
Waterfront Shipping has announced the addition of eight new methanol dual-fuel vessels to its fleet, enhancing its commitment to efficient and environmental-friendly marine transportation. The vessels, built in South Korea, will optimize engine performance and are designed to comply with stringent emissions regulations. With this order, approximately 60% of the fleet will be powered by methanol, known for reducing CO2 emissions by up to 15% compared to conventional fuels. This move is part of a broader strategy to support the marine industry's transition to cleaner fuels.
Methanex Corporation (NASDAQ: MEOH) has declared a quarterly dividend of US$0.0375 per share, to be paid on December 31, 2020. Shareholders of record as of December 17, 2020 will receive this dividend. Methanex is recognized as the largest global producer and supplier of methanol, trading on the Toronto Stock Exchange (MX) and NASDAQ. This dividend declaration reflects the company's ongoing commitment to return value to its shareholders.
Methanex reported a net loss of $88 million for Q3 2020, compared to a loss of $65 million in Q2 2020. Adjusted EBITDA rose to $40 million from $32 million, driven by improved methanol prices and demand. Total sales volume was 12,678 thousand tonnes, with an average realized price of $3217 per tonne. The company issued $700 million in senior unsecured notes and repaid $200 million on its revolving credit, while enhancing liquidity to $1.2 billion. Production decreased to 1,372 thousand tonnes due to maintenance and gas delivery issues. A planned maintenance at plants and a debottlenecking project are underway to increase capacity.
Methanex Corporation has announced a senior unsecured notes offering, totaling US$700 million with a 5.125% interest rate, maturing on October 15, 2027. The offering is set to close around September 22, 2020. Proceeds will be utilized for repaying existing 5.25% notes due March 1, 2022, and to support maintenance capital expenditures and working capital. The notes are underwritten by notable banks, including J.P. Morgan and BMO Capital Markets.
Methanex (NASDAQ: MEOH) announced a senior unsecured notes offering to raise funds primarily for debt repayment and general corporate purposes. The offering aims to redeem $250 million of existing 5.25% unsecured notes due March 1, 2022. J.P. Morgan Securities LLC and other banks are managing the offering, which is conducted under a public registration statement. As the world's largest methanol producer, Methanex remains focused on maintaining financial stability through these initiatives. Future performance and market conditions may impact their plans.