Globenewswire·2025-10-29 21:43Financial Performance - Methanex reported a net loss of $7 million for Q3 2025, a significant decline from a net income of $64 million in Q2 2025 [3][12] - Adjusted EBITDA for Q3 2025 was $191 million, slightly up from $183 million in Q2 2025 [3][12] - The average realized price for methanol decreased to $345 per tonne in Q3 2025 from $374 per tonne in Q2 2025 [7][12] Production Highlights - Total methanol production in Q3 2025 was 2,212,000 tonnes, an increase from 1,621,000 tonnes in Q2 2025, driven by new contributions from the Beaumont and Natgasoline plants [7][12] - Beaumont plant produced 239,000 tonnes of methanol and 88,000 tonnes of ammonia in Q3 2025, compared to 11,000 tonnes of methanol in Q2 2025 [17][18] - Natgasoline plant produced 222,000 tonnes of methanol in Q3 2025, up from 10,000 tonnes in Q2 2025 [17][18] Sales and Revenue - Total methanol sales volume for Q3 2025 was 2,476,000 tonnes, compared to 2,133,000 tonnes in Q2 2025 [8][12] - Revenue for Q3 2025 was $927 million, an increase from $797 million in Q2 2025 [8][12] - The company returned $14.3 million to shareholders through dividends in Q3 2025 [7][12] Operational Developments - The company successfully completed the first full quarter of operations at the newly acquired Beaumont and Natgasoline plants, with operations proceeding safely and reliably [4][7] - Chile I operated at full rates throughout the Southern Hemisphere winter for the first time in over ten years, while Chile IV resumed operations after a planned turnaround [7][18] - Methanex ended Q3 2025 with a cash balance of $413 million and repaid $125 million of its Term Loan A [7][12] Future Outlook - Methanex expects production for 2025 to be approximately 8.0 million tonnes, with higher production anticipated in Q4 2025 [23][24] - The company forecasts a meaningful increase in Adjusted EBITDA for Q4 2025 compared to Q3 2025, despite a slightly lower average realized price [24]