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.
Methanex reported robust fourth-quarter results for 2021, with net income attributable to shareholders reaching $201 million compared to $71 million in Q3. The increase is attributed to higher methanol prices, which rose to an average realized price of $445 per tonne. Adjusted EBITDA for the quarter was $340 million, up from $264 million. Production increased by 31% quarter-over-quarter, aided by higher output in Chile and record production in Geismar. The Geismar 3 project is on track for completion by late 2023 or early 2024, and the company returned $68 million to shareholders through buybacks and dividends.
Methanex Corporation announced that President and CEO, John Floren, will present at the 25th Annual Virtual CIBC Western Institutional Investor Conference on January 19, 2022, at 7:40 a.m. PT (10:40 a.m. ET). The presentation will provide insights into the company, which is the world’s largest supplier of methanol. Investors can access a recording of the event on Methanex's website shortly after its conclusion, lasting approximately 30 minutes.
Methanex trades on the NASDAQ under the symbol MEOH.
Methanex Corporation (NASDAQ: MEOH) announced the appointment of Xiaoping Yang to its Board of Directors, effective January 1, 2022. With over 30 years in the energy and petrochemical sectors, Ms. Yang brings extensive experience in international business, particularly in China and commodity markets. Previously, she served in various executive roles at BP, including Chair of BP China. Methanex's Chair, Doug Arnell, highlighted Yang's insights as valuable for the company's board diversity and strength.
Methanex Corporation (NASDAQ: MEOH) announced a quarterly dividend of US$0.125 per share, payable on December 31, 2021. Shareholders of record as of December 17, 2021 will receive this payment. As the world's largest methanol producer, Methanex continues to solidify its position in the market. The company is publicly traded on the NASDAQ and the Toronto Stock Exchange.
Methanex Corporation and Mitsui O.S.K. Lines have finalized agreements for a strategic partnership involving Methanex's Waterfront Shipping subsidiary. MOL will acquire a 40% minority interest for US$145 million. The transaction is pending customary conditions, including regulatory approvals. This collaboration aims to enhance the commercialization of methanol, including renewable types, as a viable marine fuel, strengthening a 30-year relationship. Methanol is recognized for its ability to significantly reduce various emissions compared to conventional marine fuels.
Methanex reported a net income of $71 million for Q3 2021, down from $107 million in Q2, attributed to changes in share-based compensation. Adjusted EBITDA rose to $264 million from $262 million, propelled by a higher average realized price of $390 per tonne. Global methanol prices are projected to increase due to energy shortages and rising feedstock costs. The company has restarted construction on the Geismar 3 project, targeting completion by late 2023/early 2024. A quarterly dividend of $0.125 per share was declared alongside a 5% share buyback program.
M&G Investments, owning approximately 19.5% of Methanex (MEOH), issued a supportive letter to the board on September 30, 2021. They praised the company's strategic direction, including the restart of the G3 project and efforts to reduce leverage. M&G emphasized their backing of share buybacks to enhance shareholder value, believing that Methanex is on the right path to increase value despite past concerns about the G3 project. They anticipate strong cash flow and a favorable financial position as the company progresses.
Methanex Corporation (NASDAQ: MEOH) has announced a Normal Course Issuer Bid (NCIB) to purchase up to 3,810,464 common shares, representing 5% of its outstanding shares. The buyback will take place from September 24, 2021, to September 23, 2022. This initiative is part of Methanex's strategy to return excess cash to shareholders, supported by a strong financial position and favorable methanol prices. John Floren, President and CEO, highlighted that this program builds on their history of shareholder returns.
Methanex reported a net income of $107 million for Q2 2021, slightly up from $105 million in Q1 2021, largely due to increased methanol prices. Adjusted EBITDA rose to $262 million from $242 million, driven by strong demand amid supply challenges. The company ended Q2 with over $750 million in cash and announced significant developments including the restart of the Geismar 3 project and a strategic shipping partnership which will generate $145 million in capital. The quarterly dividend has been increased to $0.125 per share.
Methanex Corporation (NASDAQ:MEOH) announced a dividend increase from US$0.0375 to US$0.125 per share, effective September 30, 2021. The new dividend applies to shareholders on record as of September 16, 2021. This decision reflects the company's commitment to returning value to its shareholders as it continues to lead in global methanol production and supply.