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, a subsidiary of Methanex, has signed a time-charter agreement with Trafigura for the operation of the Mari Innovator tanker, enhancing efforts towards decarbonization in the marine shipping sector. This collaboration aims to promote methanol as a cleaner marine fuel, aligning with IMO emissions regulations, significantly reducing harmful pollutants. Waterfront Shipping operates the world’s largest methanol fleet, with 18 dual-fuel vessels, further underscoring its commitment to sustainable shipping.
Methanex (NASDAQ:MEOH), the largest global supplier of methanol, has pledged NZ$2 million to construct a new neonatal unit at Taranaki Base Hospital, New Zealand. This investment is part of a 10-year initiative aimed at improving care for vulnerable newborns and their families, with the new unit expected to be ready by 2025. Alongside government funding for essential services, the Taranaki Health Foundation aims to raise NZ$25 million for further enhancements to critical hospital services, highlighting Methanex's commitment to the local community and economic support.
Summary not available.
Methanex Corporation (NASDAQ: MEOH) has declared a quarterly dividend of US$0.175 per share, payable on December 31, 2022. Shareholders of record as of December 17, 2022 will receive this dividend. Methanex, based in Vancouver, is the world's largest producer of methanol, serving major international markets. The company trades under the ticker symbol MEOH on NASDAQ and MX on the TSX.
Methanex reported net income of $69 million for Q3 2022, down from $125 million in Q2 2022, mainly due to lower methanol prices and planned turnarounds in Egypt and New Zealand. Adjusted EBITDA was $192 million, also lower than the previous quarter's $243 million. The company is on track to start producing methanol from the Geismar 3 project in Q4 2023, funded with cash on hand. In July, they increased the quarterly dividend by 20% and announced a 5% share repurchase program. Methanex ended Q3 with $962 million in cash, maintaining robust liquidity.
Summary not available.
Methanex Corporation (NASDAQ: MEOH) announced a multi-million-dollar investment to enhance carbon emissions reduction at its Motunui facility in New Zealand. The upgrade to distillation technology will be implemented over the next 12 months, with an anticipated economic payback in two years. Upon completion, the project could reduce carbon emissions by over 50,000 tonnes annually, equivalent to removing 20,000 cars from the road. This initiative aligns with Methanex's commitment to sustainability and the transition to a low-carbon economy.
Methanex Corporation (NASDAQ: MEOH) announced that the Toronto Stock Exchange approved its Normal Course Issuer Bid (NCIB) to buy back up to 3,506,405 shares, equating to 5% of its outstanding shares. The buyback will commence on September 26, 2022, and conclude by September 25, 2023, with daily limits on purchases. This decision reflects Methanex's strong financial position and commitment to returning excess cash to shareholders, following a previous buyback from September 2021 to July 2022 that successfully canceled over 6 million shares.
Methanex Corporation (NASDAQ: MEOH) announced a leadership change, with John Floren retiring as President and CEO on December 31, 2022. Rich Sumner, currently Senior Vice President of Global Marketing & Logistics, will succeed him starting January 1, 2023. The Board of Directors expressed confidence in Sumner's ability to lead the company, emphasizing his extensive experience since 2004. Under Floren, Methanex enhanced its production and returned approximately $2 billion to shareholders. The transition is aimed at reinforcing Methanex’s leading position in the methanol industry and fostering long-term shareholder value.
Methanex Corporation announced the approval of a Normal Course Issuer Bid (NCIB) to purchase up to 3,506,405 common shares, equating to 5% of its outstanding shares as of September 15, 2022. Purchases will commence no earlier than September 26, 2022, on the Toronto Stock Exchange (TSX). The NCIB aims to enhance shareholder value and reflects the company's strong balance sheet. Previously, Methanex repurchased 3,810,464 shares under a prior NCIB at an average price of $47.83.