Methanex Reports Higher Earnings and Cash Flows in Third Quarter 2026

(TSX:MX) (NASDAQ:MEOH) Methanex reported net income attributable to Methanex shareholders of $265 million ($3.42 net income per common share on a diluted basis) for the third quarter of 2026, compared to $198 million ($2.45 per share) in the second quarter of 2026. Adjusted EBITDA for the third quarter of 2026 was $543 million, and Adjusted net income was $284 million ($3.69 per share), compared to Adjusted EBITDA of $577 million and Adjusted net income of $300 million ($3.87 per share) in the second quarter. The company sold 2,595,000 tonnes of methanol in Q3 2026, with Methanex-produced methanol sales of 2,279,000 tonnes and production of 2,143,000 tonnes. The average realized price per tonne was $510 in Q3 2026, down from $529 in Q2 2026. Revenue for the third quarter was $1,388 million. Cash flows from operating activities were $646 million, and Adjusted free cash flow was $520 million in Q3 2026. Methanex paid a quarterly dividend of $0.185 per common share, totaling $14 million in Q3 2026. At September 30, 2026, Methanex had a cash balance of $912 million and access to a $400 million unutilized revolving credit facility. The company provided notice to redeem $300 million of its existing $700 million bonds originally due in October 2027, with the amount repaid subsequent to the quarter. Methanex announced approval of a 5% normal course issuer bid to repurchase up to 3,868,213 common shares through November 3, 2027. The company recorded an asset impairment charge in Q2 2026, including $26 million ($33 million net of tax) relating to the Titan facility and its 63.1% share of a $74 million ($82 million net of tax) impairment charge recognized by Atlas. A $10 million accrual for restructuring activities related to the expected indefinite idling of New Zealand production facilities in Q1 2027 was included as a deduction in Adjusted EBITDA. Production highlights for Q3 2026 include: Geismar (USA) produced 1,007,000 tonnes, Beaumont (USA) produced 199,000 tonnes of methanol and 83,000 tonnes of ammonia, Natgasoline (USA, 50% interest) produced 221,000 tonnes (Methanex share), Medicine Hat (Canada) produced 140,000 tonnes, Chile produced 221,000 tonnes, Egypt (50% interest) produced 165,000 tonnes (Methanex share), New Zealand produced 156,000 tonnes, and Trinidad (Titan) produced 34,000 tonnes. The Titan plant in Trinidad was indefinitely idled in Q3 2026. Methanex announced an agreement to sell substantially all remaining New Zealand natural gas contractual entitlements commencing in Q1 2027 through the end of the decade, with the expected indefinite idling of New Zealand production facilities in Q1 2027. For the nine months ended September 30, 2026, Methanex reported net income attributable to shareholders of $449 million, Adjusted net income of $608 million, Adjusted EBITDA of $1,340 million, and revenue of $3,756 million. The company expects 2026 production to be approximately 9.0 million tonnes (Methanex interest) of methanol and 0.3 million tonnes of ammonia. Based on October and November posted prices and current spot pricing, Methanex expects its average realized price range to be approximately $525 to $550 per tonne for these two months. The company expects higher Adjusted EBITDA in the fourth quarter based on a higher realized price and similar sales of produced methanol. Rich Sumner, President & CEO, stated that the Middle East conflict's impact on the methanol industry persisted through Q3, with significant loss of industry supply supporting ongoing pricing strength, and highlighted strong asset performance, particularly in North America.

Methanex Announces Board Approval of a 5% Share Repurchase Program

(TSX:MX) (NASDAQ:MEOH) Methanex Corporation announced that its Board of Directors has approved a Normal Course Issuer Bid (NCIB) allowing the company to purchase for cancellation up to 3,868,213 common shares. This amount represents 5% of the 77,364,263 shares issued and outstanding as of October 29, 2026. The NCIB will commence on November 4, 2026 and may continue until no later than November 3, 2027. Purchases under the NCIB will be made from time to time at the then current market price of the shares. All shares purchased under the NCIB will be cancelled. Rich Sumner, President and CEO of Methanex Corporation, stated that the company is making significant progress on de-leveraging and strengthening its balance sheet, and that the share repurchase program will allow Methanex to return additional capital to shareholders. Purchases will be conducted on the open market through the NASDAQ Global Select Market and alternative trading systems in the United States, pursuant to Rule 10b-18 under the U.S. Securities Exchange Act of 1934. Daily repurchases under the program through the NASDAQ and alternative trading systems in the United States will not exceed 25% of the company’s average daily trading volume for the four-week period preceding the date of purchase, except for certain block purchases. Methanex will enter into an automatic securities purchase plan with its broker to facilitate purchases during self-imposed blackout periods, allowing standard instructions and open market purchases during these times. Outside of blackout periods, shares may be purchased under the NCIB at management’s discretion.

Methanex Announces US$300 Million Partial 2027 Note Redemption

(TSX:MX) (NASDAQ:MEOH) Methanex Corporation announced that it has issued a notice of partial redemption for US$300 million of its outstanding 5.125% senior notes due October 15, 2027. The redemption date for this partial redemption is October 19, 2026. The company stated that this action is supported by its strong cash position and cash flow generation capability. Methanex attributes these financial strengths to continued tight global methanol market conditions and production from its significantly strengthened asset base. The company emphasized that the partial redemption aligns with its commitment to progress towards its stated balance sheet leverage target. Rich Sumner, President and CEO of Methanex Corporation, commented on the announcement, highlighting the company's financial position and strategic objectives. Methanex is described as the world’s largest supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol “MX” and on the Nasdaq Stock Market in the United States under the trading symbol “MEOH”.

Methanex Provides Update on Trinidad and Tobago Operations

(TSX:MX) (NASDAQ:MEOH) Methanex Corporation announced that it has been unable to agree to a new natural gas contract for its Titan methanol plant in Trinidad and Tobago (860,000 tonnes per year capacity) and will begin the process of indefinitely idling the facility. Titan’s existing natural gas contract expires in the third quarter of 2026. Methanex will undertake a preservation process at the Titan plant to provide optionality for a future restart should conditions materially improve. The Atlas methanol plant, a joint venture in which Methanex holds a 63.1% economic interest, remains indefinitely idled in a preserved state. Titan is not currently contributing to the Company’s Adjusted EBITDA and Adjusted Free Cash Flow. Methanex does not expect to incur material cash costs as a result of this decision. Any updates to production or financial guidance will be released with Methanex’s regular second quarter financial communications scheduled for July 28, 2026.

Methanex Corporation – Notice of Cash Dividend

Methanex Corporation announced that its Board of Directors has declared a quarterly dividend of US$0.185 per share. The dividend will be payable on June 30, 2026, to holders of common shares of record on June 16, 2026. Methanex is described as the world's largest supplier of methanol globally and is publicly traded on the TSX and Nasdaq exchanges. This announcement provides investors with information on upcoming dividend payments and reinforces Methanex's position in the methanol market.