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Methanex Corporation reports developments tied to its global methanol production, marketing and distribution business. The company supplies methanol to customers in Asia Pacific, North America, Europe and South America, with production sites in Canada, Chile, Egypt, New Zealand, Trinidad and Tobago, and the United States.
Recurring news covers methanol production volumes, realized pricing, quarterly and annual operating results, cash dividends, balance-sheet actions, shareholder meeting results, board governance and sustainability reporting. Company updates also include low-carbon methanol market development and biomethanol fuel-supply initiatives for marine and industrial uses.
Methanex, the world's largest methanol supplier, has announced a quarterly dividend of US$0.185 per share. The dividend will be distributed on June 30, 2025, to shareholders of record as of June 16, 2025.
The Vancouver-based company's shares are dual-listed on major exchanges:
- Toronto Stock Exchange (Symbol: MX)
- NASDAQ Global Select Market (Symbol: MEOH)
Methanex reported strong Q1 2025 financial results with net income of $111 million ($1.44 per share) and Adjusted EBITDA of $248 million. The company's average realized methanol price increased to $404 per tonne from $370 in Q4 2024.
Production reached 1,619,000 tonnes, down from 1,868,000 tonnes in Q4 2024 due to a planned turnaround at Geismar 2 and an unplanned outage at Geismar 3, partially offset by higher production from Chile. The company maintained a strong liquidity position with $1,087 million in cash.
Key developments include the expected closure of OCI Global's international methanol business acquisition in Q2 2025 and the scheduled restart of Geismar 3 by early May 2025. The company returned $12.5 million to shareholders through regular dividends in Q1. Management noted moderating methanol pricing at the start of Q2 due to increased supply and global energy pricing decline.
Methanex (MEOH) reported an unplanned outage at its Geismar 3 (G3) methanol plant in Louisiana, which occurred in late February 2025. The 1.8 million tonne facility requires repairs to its autothermal reformer (ATR), with plant restart estimated by early May 2025.
During the downtime, management will advance previously scheduled maintenance work that was initially planned as a separate three-week outage, which will no longer be necessary. The company expects the repairs' financial impact to primarily affect second quarter results due to reduced produced methanol sales, though repair costs are not anticipated to be material.
Methanex (TSX:MX) (Nasdaq:MEOH) has released its 2024 Sustainability Report, highlighting the company's progress on key sustainability initiatives. CEO Rich Sumner proudly announced their best-ever safety performance in 2024, placing Methanex in the top ten percent for safety among American Chemistry Council's Responsible Care members.
The report details how Methanex protects and develops its people, minimizes environmental impact, and contributes to communities. As the world's largest producer and supplier of methanol, the company emphasizes its role in providing an essential product that improves everyday life while offering solutions for a sustainable future.
Methanex is headquartered in Vancouver and trades on both the Toronto Stock Exchange (MX) and Nasdaq (MEOH). The full 2024 Sustainability Report is available on their website.
Methanex (NASDAQ:MEOH) has announced its latest quarterly dividend declaration. The Board of Directors has declared a quarterly dividend of US$0.185 per share, which will be paid on March 31, 2025, to shareholders of record as of March 17, 2025.
Methanex, based in Vancouver, holds a significant position as one of the world's largest producers and suppliers of methanol to major international markets. The company's shares are dual-listed on the Toronto Stock Exchange under the symbol 'MX' and on the NASDAQ Global Select Market under 'MEOH'.
Methanex (MEOH) reported Q4 2024 financial results with net income of $45 million ($0.67 per share) and Adjusted EBITDA of $224 million, up from Q3's net income of $31 million. The average realized price increased to $370 per tonne from $356 in Q3 2024.
Q4 production reached 1,868,000 tonnes, significantly higher than Q3's 1,347,000 tonnes, driven by increased output from Chile, New Zealand, Geismar, and Egypt. For full-year 2024, the company reported net income of $164 million and Adjusted EBITDA of $764 million.
The company completed its financing plan for the OCI Global's international methanol business acquisition, including a $650 million Term Loan A and $600 million bond issuance. Methanex ended 2024 with $892 million in cash and returned $50 million to shareholders through regular dividends while repaying a $300 million bond.
Methanex has announced that its subsidiary, Methanex US Operations, has priced an offering of US$600 million in senior unsecured notes due 2032, with a 6.250% interest rate. The offering, upsized from the initially planned US$500 million, will be issued at 99.289% of principal amount with a 6.375% effective yield. The notes will be guaranteed by Methanex and are expected to close around November 22, 2024. The proceeds will partially fund the previously announced OCI Global's international methanol business acquisition. The notes include a special mandatory redemption clause if the acquisition fails to complete by May 31, 2026.
Methanex (TSX:MX) (NASDAQ:MEOH) has announced a quarterly dividend declaration of US$0.185 per share. The dividend will be paid on December 31, 2024, to shareholders who hold common shares as of the record date December 17, 2024.
Methanex 's subsidiary, Methanex US Operations Inc., has launched a US$500 million senior unsecured notes offering due 2032. The notes will be guaranteed by Methanex and the proceeds will partially fund the previously announced OCI Global's international methanol business acquisition. The notes include a special mandatory redemption clause if the OCI Acquisition isn't completed by May 31, 2026, or if Methanex announces it won't proceed. The offering is to qualified institutional buyers in the US under Rule 144A, non-U.S. persons under Regulation S, and through private placement in Canada.
Methanex (MEOH) reported Q3 2024 net income of $31 million ($0.35 per share) and Adjusted EBITDA of $216 million. Average realized price was $356 per tonne, up from $352 in Q2. The company announced a $2.05 billion acquisition of OCI Global's international methanol business. Geismar 3 plant achieved full operational rates in October, producing 154,000 tonnes monthly. In New Zealand, one Motunui plant was indefinitely idled, resulting in a $90 million non-cash impairment. The company extended gas contracts in Chile with ENAP and YPF until 2030 and 2027, respectively. Cash position ended at $511 million, with $12.5 million returned to shareholders through dividends.