Methanex(MEOH)

Search documents
Methanex (MEOH) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-05-01 01:00
Core Insights - Methanex reported $896 million in revenue for Q1 2025, a year-over-year decline of 2.2%, with an EPS of $1.30 compared to $0.65 a year ago, indicating a significant improvement in earnings despite the revenue drop [1] - The reported revenue fell short of the Zacks Consensus Estimate of $1.04 billion, resulting in a surprise of -13.80%, while the EPS exceeded the consensus estimate of $1.25 by 4.00% [1] Financial Performance Metrics - Sales volume of Methanex-produced methanol was 1,703 KTon, below the estimated 1,800.93 KTon [4] - The average realized methanol price was $404 per tonne, slightly above the estimated $399.32 per tonne [4] - Total sales volume was 2,217 KTon, compared to the estimated 2,599.33 KTon [4] - Commission sales volume was 132 KTon, below the average estimate of 149.33 KTon [4] - Purchased methanol sales volume was 382 KTon, significantly lower than the estimated 649.06 KTon [4] - Total production was 1,619 KTon, below the estimated 1,908.27 KTon [4] Operating Capacity - Operating capacity in the USA (Geismar) was 1,000 KTon, below the estimated 1,450 KTon [4] - Operating capacity in New Zealand was 215 KTon, compared to the estimated 320 KTon [4] - Operating capacity in Chile matched the estimate at 425 KTon [4] - Operating capacity in Egypt (50% interest) was 158 KTon, slightly above the estimated 157 KTon [4] - Operating capacity in Canada (Medicine Hat) was 140 KTon, below the estimated 150 KTon [4] - Production in Canada (Medicine Hat) was 140 KTon, slightly above the estimated 138.72 KTon [4] Stock Performance - Methanex shares have returned -7.5% over the past month, contrasting with the Zacks S&P 500 composite's -0.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]
Methanex (MEOH) Surpasses Q1 Earnings Estimates
ZACKS· 2025-04-30 23:50
Company Performance - Methanex reported quarterly earnings of $1.30 per share, exceeding the Zacks Consensus Estimate of $1.25 per share, and significantly up from $0.65 per share a year ago, representing an earnings surprise of 4% [1] - The company posted revenues of $896 million for the quarter ended March 2025, which was 13.80% below the Zacks Consensus Estimate and down from $916 million year-over-year [2] - Over the last four quarters, Methanex has surpassed consensus EPS estimates four times but has only topped revenue estimates once [2] Stock Performance - Methanex shares have declined approximately 36.4% since the beginning of the year, contrasting with the S&P 500's decline of 5.5% [3] - The current Zacks Rank for Methanex is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.56 on revenues of $880.72 million, while for the current fiscal year, the estimate is $3.31 on revenues of $4.21 billion [7] - The outlook for the Chemical - Diversified industry, to which Methanex belongs, is currently in the bottom 14% of over 250 Zacks industries, which may impact the stock's performance [8]
Methanex(MEOH) - 2025 Q1 - Quarterly Report
2025-04-30 21:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82 NEWS RELEASE FOR THE MONTH OF APRIL 2025 METHANEX CORPORATION (Registrant's name) SUITE 1800, 200 BURRARD STREET, VANCOUVER, BC V6C 3M1 CANADA (Address of principal executive offices) Indicate by check mark ...
Methanex Reports Higher Produced Sales and Adjusted EBITDA in First Quarter 2025
GlobeNewswire News Room· 2025-04-30 21:00
VANCOUVER, British Columbia, April 30, 2025 (GLOBE NEWSWIRE) -- Except where otherwise noted, all currency amounts are stated in United States dollars. Financial and Production Highlights Net income attributable to Methanex shareholders of $111 million and Adjusted EBITDA of $248 million in the first quarter. Our average realized price in the first quarter was $404 per tonne compared to $370 per tonne in the fourth quarter of 2024.Production in the first quarter was 1,619,000 tonnes compared to 1,868,000 to ...
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Methanex Corporation - MEOH
GlobeNewswire News Room· 2025-04-25 19:33
Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud or unlawful business practices involving Methanex Corporation and its officers or directors [1]. Group 1: Company Performance and Events - On March 9, 2025, Methanex announced an unplanned outage at its 1.8 million tonne methanol plant, Geismar 3, in Louisiana, which occurred in late February [3]. - Following the outage announcement, Methanex's management decided to repair the autothermal reformer (ATR) and estimated a plant startup by early May 2025 [3]. - The stock price of Methanex fell by $5.45 per share, or 12.9%, closing at $36.80 per share on March 10, 2025, after the announcement [4]. Group 2: Legal and Regulatory Context - Pomerantz LLP, a firm known for its work in corporate, securities, and antitrust class litigation, is leading the investigation into Methanex [5]. - The firm has a history of recovering multimillion-dollar damages for victims of securities fraud and corporate misconduct [5].
Will Methanex (MEOH) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2025-04-18 17:15
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Methanex (MEOH) . This company, which is in the Zacks Chemical - Diversified industry, shows potential for another earnings beat.This methanol supplier has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 98.89%.For the las ...
Methanex (MEOH) Soars 17.1%: Is Further Upside Left in the Stock?
ZACKS· 2025-04-10 13:15
Methanex (MEOH) shares rallied 17.1% in the last trading session to close at $30.29. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 29.2% loss over the past four weeks.MEOH’s rally follows a spike in material stocks after President Trump declared a 90-day pause of reciprocal tariffs for most nations.This methanol supplier is expected to post quarterly earnings of $1.28 per share in its upcoming report, which ...
MEOH Investors Have Opportunity to Join Methanex Corporation Fraud Investigation with the Schall Law Firm
Prnewswire· 2025-03-14 07:43
Core Viewpoint - The Schall Law Firm is investigating Methanex Corporation for potential violations of securities laws related to misleading statements and undisclosed information impacting investors [1][2]. Group 1: Investigation Details - The investigation centers on whether Methanex issued false or misleading statements or failed to disclose critical information to investors [2]. - Methanex announced an unplanned outage at its 1.8 million tonne methanol plant, Geismar 3, in Louisiana, which occurred in late February 2025 [2]. - Following the announcement, Methanex's shares dropped by 12.9% on March 10, 2025, due to analyst downgrades [2]. Group 2: Company Background - Methanex Corporation is a significant player in the methanol production industry, with a notable facility in Geismar, Louisiana [2]. - The company is currently working on repairs to the autothermal reformer (ATR) at the affected plant, with an estimated startup date projected for early May 2025 [2].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Methanex Corporation - MEOH
Prnewswire· 2025-03-11 19:40
NEW YORK, March 11, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Methanex Corporation ("Methanex" or the "Company") (NASDAQ: MEOH). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Methanex and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On March 9, 2025, ...
Methanex Issues Update on Unplanned Outage at Geismar 3
ZACKS· 2025-03-10 16:30
Core Insights - Methanex Corporation's Geismar 3 plant experienced an unplanned outage in late February, impacting second-quarter financial results due to lower methanol sales, although repair costs are not expected to be significant [1] - The plant is projected to restart by early May 2025 after inspections and repairs, with planned maintenance work being expedited [2] - Methanex's production guidance for 2025 is approximately 7.5 million tons, excluding additional production from OCI assets post-acquisition [3] Financial Performance - A significant increase in adjusted EBITDA is anticipated in the first quarter of 2025 compared to the fourth quarter, with produced sales expected to align with fourth quarter 2024 levels and a higher average realized price [4] - The expected average realized price for methanol is projected to be between $395 to $405 per ton for January and February [4] Market Position - Methanex currently holds a Zacks Rank of 3 (Hold), while competitors such as Ingevity Corporation, Carpenter Technology Corporation, and ArcelorMittal have higher rankings [5] - Ingevity has a current-year earnings estimate of $4.45 per share, with a notable earnings surprise average of 202.9% over the past four quarters [6] - Carpenter Technology's earnings estimate is $6.95 per share, with a consistent record of beating estimates and a share price increase of 168.7% in the past year [7] - ArcelorMittal's earnings estimate stands at $3.72 per share, with a mixed record of surpassing estimates [8]