Globenewswireยท2025-04-30 21:00Financial 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]