Except where otherwise noted, all currency amounts are stated in United States dollars. Unique opportunity to acquire world-scale producing methanol assets with access to robust North American natural gas feedstock Aligns with Methanex's strategic priorities and value-creation strategy Acquisition expected to be immediately accretive to free cash flow per share OCI to hold a 13 percent ownership interest upon closing VANCOUVER, British Columbia, Sept. 08, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation ("Meth ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are und ...

Table of Contents 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 OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE MONTH OF AUGUST 2024 COMMISSION FILE NUMBER 000-20115 METHANEX CORPORATION (Translation of registrant's name into English) SUITE 1800, 200 BURRARD STREET, VANCOUVER, BC V6C 3M1 CANADA (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual re ...

Methanex Corporation (MEOH) stated that it has entered into short-term commercial arrangements to deliver its contractual natural gas into the New Zealand electricity market. As a result, it will temporarily idle its manufacturing operations in New Zealand until October 2024. These commercial arrangements are likely to have a positive impact on Methanex's earnings in the third and fourth quarters of 2024, with after-tax profits expected to significantly exceed the margin lost on New Zealand methanol product ...

VANCOUVER, British Columbia, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that it has entered into short-term commercial arrangements to provide its contracted natural gas into the New Zealand electricity market. As a result, it is temporarily idling its manufacturing operations in New Zealand until the end of October 2024. These commercial arrangements are expected to positively impact Methanex's Q3 and Q4 2024 earnings with after-tax proceeds expected to me ...

Methanex Corporation (NASDAQ:MEOH) Q2 2024 Earnings Call Transcript July 31, 2024 11:00 AM ET Company Participants Sarah Herriott - Director of IR Rich Sumner - President and CEO Conference Call Participants Ben Isaacson - Scotiabank Mike Leithead - Barclays Capital James Cannon - UBS Joel Jackson - BMO Capital Markets Steve Hansen - Raymond James Hassan Ahmed - Alembic Global Nelson Ng - RBC Capital Markets Matthew Blair - TPH Laurence Alexander - Jefferies Charles Neivert - Piper Sandler Operator Good mor ...

Revenues declined around 2.1% year over year to $920 million in the quarter. The top line also missed the Zacks Consensus Estimate of $986.4 million. Operational Highlights The average realized price for methanol was $352 per ton, up roughly 4.1% from $338 in the prior-year quarter. The figure was above our estimate of $346 per ton. Cash and cash equivalents rose 4.7% from the prior quarter to $426.1 million at the end of the second quarter. Long-term debt at the end of the quarter was $1,821.5 million, sta ...

For the quarter ended June 2024, Methanex (MEOH) reported revenue of $920 million, down 2.1% over the same period last year. EPS came in at $0.62, compared to $0.60 in the year-ago quarter. Here is how Methanex performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Shares of Methanex have returned -0.1% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it ...

Methanex (MEOH) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.60 per share a year ago. These figures are adjusted for nonrecurring items. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Over the last four quarters, the company has surpassed consensus EPS estimates ...

The operating capacity of our production facilities may be higher or lower than original nameplate capacity as, over time, these figures have been adjusted to reflect ongoing operating efficiencies at these facilities. Actual production for a facility in any given year may be higher or lower than operating capacity due to a number of factors, including natural gas availability, feedstock composition, the age of the facility's catalyst, turnarounds and access to CO2 from external suppliers for certain facili ...