Financial Data and Key Metrics Changes - The average realized price for the second quarter was $374 per tonne, with produced sales of approximately 1,500,000 tonnes, generating adjusted EBITDA of $183 million and adjusted net income of $0.97 per share [7][16] - Adjusted EBITDA decreased compared to 2025 primarily due to a lower average realized price [7] Business Line Data and Key Metrics Changes - Methanex production in the second quarter was similar to the first quarter, with higher production from Geismar and Trinidad, offset by lower production from Chile, New Zealand, and Egypt due to gas constraints and planned maintenance [12][14] - The integration of the newly acquired OCI methanol business is proceeding as planned, with both the Beaumont facility and the Natgasoline facility operating safely and at full rates since acquisition [8][13] Market Data and Key Metrics Changes - Global methanol demand was estimated to be about 4% higher in the second quarter compared to the first quarter, driven primarily by higher demand in China [9] - The global average realized price for methanol was $374 per tonne, with regional prices in Europe, North America, Asia Pacific, and China varying significantly [11] Company Strategy and Development Direction - The company aims to safely and reliably operate its business while smoothly integrating new assets, with a focus on deleveraging through the repayment of the Term Loan A facility [16] - The company does not anticipate significant growth capital over the next few years and remains focused on maintaining a strong balance sheet and financial flexibility [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the integration of the OCI acquisition and the potential for synergies, estimating $30 million in synergies to be achieved within 18 months [60] - The company is monitoring the gas market closely and expects some curtailments in 2025, particularly in the summer months, depending on gas supply and demand dynamics [14][15] Other Important Information - The company ended the second quarter with $485 million in cash and access to an undrawn revolving credit facility of CAD 600 million [16] - The company is focused on optimizing operations in New Zealand, where gas supply availability continues to be a challenge [14][90] Q&A Session Summary Question: Operating rates at G3 and Beaumont - G3 has been operating above 90% since its restart, while Beaumont and Nat Gas facilities have been running at full rates since acquisition [20] Question: OCI deal and EBITDA guidance - The $50 million reduction in EBITDA guidance is primarily due to lower production in New Zealand [24] Question: Ammonia market outlook - The ammonia business currently represents about 3% to 5% of global sales, with pricing expected to rise due to tightening supply [32] Question: Gas hedging strategy - The company targets to be 50% to 70% hedged in the first three years post-acquisition, with current hedging levels around 50% [35] Question: Quarterly depreciation increase from OCI acquisition - The acquisition is expected to increase quarterly depreciation by approximately $25 million [39] Question: Trapped value within the portfolio - The value of non-operating plants is largely dependent on gas stock and feedstock availability, with no current plans to relocate assets [46][48] Question: Impact of secondary sanctions on Iran - Secondary sanctions may limit customer options but have not significantly impacted production or sales capabilities [53][54] Question: Integration priorities for OCI - The focus is on ensuring safe operations, integrating systems, and realizing synergies, with a commitment to customer delivery [59] Question: Global operating rates and market dynamics - The industry is operating well, with healthy production rates and inventories below historical norms, indicating a balanced market [79][81] Question: Marine fuel demand potential - Estimated marine fuel demand could reach around 2 million tonnes by 2025, with a focus on low carbon methanol due to regulatory pressures [82][84]

For the quarter ended June 2025, Methanex (MEOH) reported revenue of $797 million, down 13.4% over the same period last year. EPS came in at $0.97, compared to $0.62 in the year-ago quarter.The reported revenue represents a surprise of -8.8% over the Zacks Consensus Estimate of $873.92 million. With the consensus EPS estimate being $0.42, the EPS surprise was +130.95%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Methanex (MEOH) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +130.95%. A quarter ago, it was expected that this methanol supplier would post earnings of $1.25 per share when it actually produced earnings of $1.3, delivering a surprise of +4%.Over the last four quarters, the company ...

Financial Performance - In Q2 2025, Methanex reported net income of $64 million ($0.93 per diluted share), down from $111 million ($1.44 per diluted share) in Q1 2025 [3][14] - Adjusted EBITDA for Q2 2025 was $183 million, compared to $248 million in Q1 2025 [3][7] - The average realized price in Q2 2025 was $374 per tonne, a decrease from $404 per tonne in Q1 2025 [7][14] Production and Sales - Methanex produced 1,621,000 tonnes of methanol in Q2 2025, slightly up from 1,619,000 tonnes in Q1 2025 [7][14] - Total sales volume in Q2 2025 was 2,133,000 tonnes, down from 2,217,000 tonnes in Q1 2025 [8][14] - Sales of Methanex-produced methanol were 1,528,000 tonnes in Q2 2025, compared to 1,703,000 tonnes in Q1 2025 [14] Acquisition and Strategic Position - The company completed the OCI Acquisition on June 27, 2025, which includes two methanol facilities in Beaumont, Texas, enhancing its production footprint [4][14] - The acquisition is expected to provide access to a stable and economic supply of natural gas feedstock, crucial for methanol production [4][14] - The integration of the acquired business is a focus for the company to capture its full strategic value [4] Cash Position and Dividends - As of June 30, 2025, Methanex had a cash balance of $485 million, or $459 million excluding non-controlling interests [7][14] - The company returned $12.5 million to shareholders through dividends in Q2 2025, with a dividend of $0.185 per common share [7][14] Production Highlights by Region - Geismar produced 829,000 tonnes in Q2 2025, up from 617,000 tonnes in Q1 2025, while Trinidad's Titan plant produced 216,000 tonnes, an increase from 137,000 tonnes [16][20] - Production in Chile decreased to 295,000 tonnes in Q2 2025 from 429,000 tonnes in Q1 2025 due to the idling of the Chile 4 plant [19] - New Zealand's production fell to 53,000 tonnes in Q2 2025 from 160,000 tonnes in Q1 2025 due to a temporary idling of operations [21] Outlook - The company expects 2025 production, including newly acquired assets, to be approximately 8.0 million tonnes [24] - For Q3 2025, Methanex anticipates higher Adjusted EBITDA compared to Q2, despite a lower average realized price [25]

Core Points - Methanex Corporation has completed the acquisition of OCI Global's international methanol business, which was first announced in September 2024 [1][2] - The acquisition includes two world-scale methanol facilities in Beaumont, Texas, a low-carbon methanol production and marketing business, and an idled methanol facility in the Netherlands [2] - The total transaction consideration is approximately $1.2 billion in cash, the issuance of about 9.9 million common shares, and the assumption of around $450 million in debt and leases [2] Company Overview - Methanex is the world's largest producer and supplier of methanol, based in Vancouver, Canada, and is publicly traded on the Toronto Stock Exchange and Nasdaq [4] - The company aims to ensure a smooth integration of the acquired business, maintain safe operations, and deliver strategic benefits from the acquisition [3]

Core Points - Methanex Corporation has completed the acquisition of OCI Global's international methanol business, which was first announced in September 2024 [1][2] - The acquisition includes two world-scale methanol facilities in Beaumont, Texas, a low-carbon methanol production and marketing business, and an idled methanol facility in the Netherlands [2] - The total transaction consideration is approximately $1.2 billion in cash, the issuance of about 9.9 million common shares, and the assumption of around $450 million in debt and leases [2] Company Overview - Methanex is the world's largest producer and supplier of methanol, based in Vancouver, Canada, and is publicly traded on the Toronto Stock Exchange and Nasdaq [4] - The company aims to ensure a smooth integration of the acquired business, maintain safe operations, and deliver strategic benefits from the acquisition [3]

Core Insights - Methanex Corporation (MEOH) has secured all regulatory approvals for its acquisition of OCI Global's international methanol business, with the transaction expected to close on June 27, 2025 [1][8] - The acquisition involves purchasing 100% of OCI Methanol, including all of OCI's U.S. and European methanol assets, and Methanex plans to quickly pursue integration post-closing to realize strategic benefits [2][8] - Methanex's shares have declined by 25.1% over the past year, closely mirroring the 25.2% decline of the industry [2] Production and Financial Outlook - The company anticipates lower production in 2025 than the previously estimated 7.5 million tons due to an unplanned G3 outage, with updates on production guidance expected in the second-quarter results [3] - Adjusted EBITDA for the second quarter is expected to be lower than in the first quarter, primarily due to reduced sales from the G3 outage and a lower average realized price, projected to be between $360 and $370 per ton for April and May [4]

Core Viewpoint - Methanex Corporation has received all necessary regulatory approvals to proceed with the acquisition of OCI Global's international methanol business, with the transaction expected to close on June 27, 2025 [1][2]. Group 1: Acquisition Details - The regulatory review period under the U.S. Hart-Scott-Rodino Antitrust Act has lapsed, allowing Methanex to finalize the acquisition [1]. - The acquisition is anticipated to close on June 27, 2025, pending customary closing conditions [1]. - Methanex's President and CEO, Rich Sumner, expressed optimism about the integration planning and the strategic benefits expected from the acquisition [2]. Group 2: Company Overview - Methanex is the world's largest producer and supplier of methanol, headquartered in Vancouver, Canada [2]. - The company's shares are traded on the Toronto Stock Exchange under the symbol "MX" and on the Nasdaq under "MEOH" [2].

Core Viewpoint - Methanex Corporation has received all necessary regulatory approvals to proceed with the acquisition of OCI Global's international methanol business, with the transaction expected to close on June 27, 2025 [1][2]. Group 1: Acquisition Details - The regulatory review period under the U.S. Hart-Scott-Rodino Antitrust Act has lapsed, allowing Methanex to finalize the acquisition [1]. - The acquisition is anticipated to close on June 27, 2025, pending customary closing conditions [1]. - Methanex's President and CEO, Rich Sumner, expressed optimism about the integration planning and the strategic benefits expected from the acquisition [2]. Group 2: Company Overview - Methanex is the world's largest producer and supplier of methanol, headquartered in Vancouver, Canada [2]. - The company's shares are traded on the Toronto Stock Exchange under the symbol "MX" and on the Nasdaq under "MEOH" [2].

Core Viewpoint - Methanex shares have increased by approximately 2.6% since the last earnings report, underperforming the S&P 500, raising questions about the sustainability of this trend leading up to the next earnings release [1] Group 1: Earnings and Estimates - Recent estimates for Methanex have trended downward, with the consensus estimate shifting by -49.32% over the past month [2] - The stock has a Zacks Rank of 3 (Hold), indicating expectations for an in-line return in the coming months [4] Group 2: VGM Scores - Methanex currently holds a strong Growth Score of A, but has a low Momentum Score of F, while also receiving an A for value, placing it in the top 20% for this investment strategy [3] - The overall aggregate VGM Score for Methanex is A, which is significant for investors not focused on a single strategy [3]