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 Corp (MEOH) is the world's leading methanol producer, supplying this essential chemical feedstock to global energy and manufacturing markets. This news hub provides investors and industry professionals with timely updates on corporate developments, operational milestones, and strategic initiatives shaping the methanol industry.
Access official press releases covering quarterly earnings, production capacity changes, and supply chain innovations alongside analysis of market trends impacting methanol demand. Our curated collection helps stakeholders monitor regulatory developments, sustainability initiatives, and partnership announcements critical to Methanex's position in the chemicals sector.
Key updates include plant operations across North America and Asia-Pacific regions, logistics network expansions, and technological advancements in methanol production. Bookmark this page for direct access to filings, executive commentary, and operational updates from the global leader in methanol supply chain solutions.
Methanex reported strong financial results for Q1 2023, achieving a net income of $60 million and Adjusted EBITDA of $209 million. This reflects higher sales driven by increased production, with an average realized price of $371 per tonne. The Geismar 3 project is over 80% complete, expected to start production in Q4 2023, with remaining costs fully funded at $330 - 380 million. The board approved a 6% dividend increase to $0.185 per share, and Methanex returned $60 million to shareholders through dividends and repurchases. The company maintains a strong liquidity position with $780 million in cash.
Methanex Corporation (NASDAQ: MEOH) has announced a 6% increase in its quarterly dividend, raising it to US$0.185 per share from US$0.175. This change will take effect for the dividend payable on June 30, 2023, to shareholders on record as of June 16, 2023. Methanex is recognized as the world’s largest producer and supplier of methanol, operating primarily in major international markets. The company is publicly traded on both the Toronto Stock Exchange and NASDAQ, symbolized as MX and MEOH respectively.
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