Methanex Issues Update on Unplanned Outage at Geismar 3

Core Insights - Methanex Corporation's Geismar 3 plant experienced an unplanned outage in late February, impacting second-quarter financial results due to lower methanol sales, although repair costs are not expected to be significant [1] - The plant is projected to restart by early May 2025 after inspections and repairs, with planned maintenance work being expedited [2] - Methanex's production guidance for 2025 is approximately 7.5 million tons, excluding additional production from OCI assets post-acquisition [3] Financial Performance - A significant increase in adjusted EBITDA is anticipated in the first quarter of 2025 compared to the fourth quarter, with produced sales expected to align with fourth quarter 2024 levels and a higher average realized price [4] - The expected average realized price for methanol is projected to be between $395 to$405 per ton for January and February [4] Market Position - Methanex currently holds a Zacks Rank of 3 (Hold), while competitors such as Ingevity Corporation, Carpenter Technology Corporation, and ArcelorMittal have higher rankings [5] - Ingevity has a current-year earnings estimate of $4.45 per share, with a notable earnings surprise average of 202.9$6.95 per share, with a consistent record of beating estimates and a share price increase of 168.7% in the past year [7] - ArcelorMittal's earnings estimate stands at $3.72 per share, with a mixed record of surpassing estimates [8]