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]

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]