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]

Core Viewpoint - Methanex Corporation reported a significant increase in profit for the first quarter of 2025, despite a decline in revenues and production, indicating potential challenges ahead for the company. Financial Performance - The profit attributable to shareholders for Q1 2025 was $111 million or $1.44 per share, up from $53 million or 77 cents per share in the same quarter last year [1] - Adjusted earnings per share were $1.30, exceeding the Zacks Consensus Estimate of $1.25 [1] - Revenues decreased by approximately 2.2% year over year to $896 million, missing the Zacks Consensus Estimate of $1,039.5 million [1] Operational Highlights - Adjusted EBITDA rose around 55% year over year to $248 million [2] - Total production for the quarter was 1,619,000 tons, down 5.9% year over year, affected by a planned turnaround and an unplanned outage [2] - Total sales volume decreased by 16.9% year over year to 2,217,000 tons, missing the estimate of 2,629,000 tons [3] - The average realized price for methanol was $404 per ton, up from $343 per ton in the prior-year quarter, exceeding the estimate of $396 per ton [3] Cash Flow and Shareholder Returns - Cash and cash equivalents at the end of the quarter were $1,087.4 million [4] - Cash flow from operating activities was $315 million [4] - The company returned $12.5 million to shareholders through dividends in the reported quarter [4] Outlook - Methanex expects 2025 production to be lower than the previously estimated 7.5 million tons due to the unplanned G3 outage [5] - The company anticipates lower adjusted EBITDA in Q2 2025 compared to Q1, primarily due to reduced sales from the G3 outage and a lower average realized price [6] - The expected average realized price for methanol in April and May is projected to be between $360 and $370 per ton [6] Stock Performance - Methanex shares have declined by 33.1% over the past year, compared to a 28.9% decline in the industry [7] Zacks Rank and Comparisons - Methanex currently holds a Zacks Rank 3 (Hold) [8] - Other better-ranked stocks in the basic materials sector include Hawkins, Inc. (Zacks Rank 1), Franco-Nevada Corporation (Zacks Rank 2), and Avino Silver & Gold Mines Ltd. (Zacks Rank 2) [8]

Core Points - Methanex Corporation held its Annual General Meeting on May 1, 2025, in Vancouver, British Columbia, with a total of 55,396,544 common shares voted, representing 82.2% of all outstanding shares [1][2] Voting Results - All items of business were approved by shareholders, including the election of all director nominees with high approval rates, such as Doug Arnell receiving 99.75% of votes for [2] - The re-appointment of KPMG LLP as auditor was approved with 73.04% of votes for, while 26.96% of votes were withheld [3] - An advisory vote on executive compensation was accepted with 80.76% of votes for, indicating strong shareholder support for the company's compensation approach [3] Company Overview - Methanex is the world's largest producer and supplier of methanol, publicly traded on the Toronto Stock Exchange under the symbol "MX" and on the Nasdaq under "MEOH" [3]

Group 1 - Methanex Corporation has successfully restarted its 1.8 million tonne methanol plant, Geismar 3 (G3), in Geismar, Louisiana, after an unplanned outage in late February [1] - Methanex is the world's largest supplier of methanol and is publicly traded on the Toronto Stock Exchange under the symbol "MX" and on the Nasdaq under "MEOH" [2] - The company is based in Vancouver, British Columbia, and provides information about its operations on its official website [2]

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]

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]

Financial Performance - Methanex reported net income attributable to shareholders of $111 million for Q1 2025, up from $45 million in Q4 2024, driven by higher average realized prices and increased sales volume [13]. - Adjusted EBITDA for Q1 2025 was $248 million, compared to $224 million in Q4 2024, reflecting improved operational performance [12]. - Revenue for Q1 2025 was $896 million, a decrease of 5.6% from $949 million in Q4 2024 and an increase of 8.7% from $916 million in Q1 2024 [49]. - Net income for Q1 2025 was $132 million, compared to $66 million in Q1 2024, reflecting a significant increase in earnings [78]. - Adjusted net income for Q1 2025 was $88 million, compared to $84 million in Q4 2024 and $44 million in Q1 2024, resulting in an adjusted net income per common share of $1.30 [101]. - Operating income increased significantly to $217,882,000 in Q1 2025 from $84,180,000 in Q1 2024, representing a growth of 159% [117]. - Basic net income per common share rose to $1.65 in Q1 2025 from $0.78 in Q1 2024, an increase of 111% [117]. Sales and Production - Total sales volume in Q1 2025 was 2,217,000 tonnes, a decrease from 2,564,000 tonnes in Q4 2024, with Methanex-produced methanol sales increasing to 1,703,000 tonnes [13]. - Production for Q1 2025 was 1,619,000 tonnes, down from 1,868,000 tonnes in Q4 2024, primarily due to planned and unplanned outages at Geismar facilities [13]. - Methanol sales volume for Q1 2025 was 2,217 thousand tonnes, compared to 2,564 thousand tonnes in Q4 2024 and 2,670 thousand tonnes in Q1 2024 [104]. - The company produced 1,619 thousand tonnes of methanol in Q1 2025, compared to 1,868 thousand tonnes in Q4 2024 and 1,721 thousand tonnes in Q1 2024 [104]. Pricing and Market Conditions - The average realized price for methanol in Q1 2025 was $404 per tonne, up from $370 per tonne in Q4 2024 [11]. - The average realized price of methanol in Q1 2025 was $404 per tonne, compared to $370 per tonne in Q4 2024, indicating a positive price trend [83]. - Global methanol demand decreased in Q1 2025 due to seasonal slowdowns and lower operating rates, particularly from Iran [79]. - The company expects lower Adjusted EBITDA in Q2 2025 compared to Q1 2025, primarily due to the G3 outage and lower average realized prices projected between $360 to $370 per tonne [22]. Cash and Liquidity - The company had a cash balance of $1,087 million as of March 31, 2025, and plans to complete the acquisition of OCI Global's international methanol business in Q2 2025 [13]. - Cash provided by operating activities in Q1 2025 was $315 million, up from $91 million in Q1 2024, driven by higher realized prices and sales [90]. - Cash and cash equivalents increased to $1,087,439,000 as of March 31, 2025, up from $891,910,000 at the end of 2024 [121]. - The company has access to a $600 million revolving credit facility and a term loan commitment of $650 million to support strategic acquisitions [87]. Dividends and Shareholder Returns - The quarterly dividend paid in Q1 2025 was $0.185 per common share, totaling $12.5 million [13]. - Methanex paid dividends of $12,468,000 to shareholders in Q1 2025, consistent with $12,467,000 in Q1 2024 [125]. Acquisition and Strategic Initiatives - Methanex entered into a definitive agreement to acquire OCI Global's international methanol business for approximately $2.05 billion [191]. - The acquisition is subject to certain conditions and approvals, excluding cash, debt, and working capital adjustments [191]. - The company anticipates benefits from the OCI Acquisition, including expected synergies and commodity diversification [112]. - Methanex expects to increase methanol production as part of the OCI Acquisition, with anticipated demand for methanol remaining strong [112]. Operational Efficiency - Methanex's production facilities in the USA, Chile, and New Zealand showed varied performance, with Geismar experiencing outages while Chile improved production reliability [15][16][18]. - The company continues to focus on operational efficiency and market expansion strategies to enhance profitability and shareholder value [110]. - Planned operational capital expenditure for the remainder of 2025 is estimated at approximately $80 million, focusing on maintenance and major projects [93].

Financial Performance - For Q1 2025, Methanex reported net income of $111 million, or $1.44 per diluted share, compared to $45 million, or $0.67 per diluted share in Q4 2024 [3][14] - Adjusted EBITDA for Q1 2025 was $248 million, up from $224 million in Q4 2024 [3][8] - The average realized price for methanol in Q1 2025 was $404 per tonne, an increase from $370 per tonne in Q4 2024 [7][8] Production and Sales - Total production for Q1 2025 was 1,619,000 tonnes, down from 1,868,000 tonnes in Q4 2024, primarily due to a planned turnaround at Geismar 2 and an unplanned outage at Geismar 3 [6][14] - Total sales volume in Q1 2025 was 2,217,000 tonnes, compared to 2,564,000 tonnes in Q4 2024 [14] - Methanex-produced methanol sales were 1,703,000 tonnes in Q1 2025, up from 1,455,000 tonnes in Q4 2024 [14] Operational Highlights - Geismar produced 617,000 tonnes in Q1 2025, down from 839,000 tonnes in Q4 2024 due to maintenance and outages [16] - Chile's production increased to 429,000 tonnes in Q1 2025 from 387,000 tonnes in Q4 2024, attributed to improved reliability [17] - Egypt's production decreased to 136,000 tonnes in Q1 2025 from 155,000 tonnes in Q4 2024, impacted by gas availability [20] Future Outlook - The company expects lower Adjusted EBITDA in Q2 2025 compared to Q1 2025, primarily due to the outage at Geismar 3 and a lower average realized price [23] - The acquisition of OCI Global's international methanol business is anticipated to close in the second quarter of 2025 [7][14] - Production guidance for 2025 is expected to be lower than the previously guided 7.5 million tonnes due to the unplanned outage [22]

Financial Performance - For Q1 2025, Methanex reported net income of $111 million, or $1.44 per diluted share, compared to $45 million, or $0.67 per diluted share in Q4 2024 [3][17] - Adjusted EBITDA for Q1 2025 was $248 million, up from $224 million in Q4 2024 [3][17] - The average realized price in Q1 2025 was $404 per tonne, an increase from $370 per tonne in Q4 2024 [7][17] Production and Sales - Total production for Q1 2025 was 1,619,000 tonnes, down from 1,868,000 tonnes in Q4 2024, primarily due to a planned turnaround at Geismar 2 and an unplanned outage at Geismar 3 [6][17] - Methanex-produced methanol sales volume was 1,703,000 tonnes in Q1 2025, compared to 1,455,000 tonnes in Q4 2024 [7][17] - Total sales volume for Q1 2025 was 2,217,000 tonnes, down from 2,564,000 tonnes in Q4 2024 [8][17] Operational Highlights - Geismar produced 617,000 tonnes in Q1 2025, down from 839,000 tonnes in Q4 2024 due to maintenance and outages [18] - Chile's production increased to 429,000 tonnes in Q1 2025 from 387,000 tonnes in Q4 2024, attributed to improved reliability [19] - Egypt's production decreased to 136,000 tonnes in Q1 2025 from 155,000 tonnes in Q4 2024, impacted by gas availability [22] Financial Position - At the end of Q1 2025, Methanex had a cash balance of $1,087 million, or $1,031 million excluding non-controlling interests [7][17] - The company returned $12.5 million to shareholders through dividends in Q1 2025 [7][17] - The acquisition of OCI Global's international methanol business is expected to close in Q2 2025 [7][17] Outlook - Production guidance for 2025 is expected to be lower than the previously guided 7.5 million tonnes due to the unplanned outage at Geismar 3 [24] - Lower Adjusted EBITDA is anticipated in Q2 2025 compared to Q1 2025, primarily due to reduced produced sales and lower average realized prices [25]

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].