Latest news with #MethanexCorporation
Yahoo
7 days ago
- Business
- Yahoo
Methanex's Q2 Earnings Surpass Estimates, Revenues Decline Y/Y
Methanex Corporation MEOH logged a second-quarter 2025 profit (attributable to shareholders) of $64 million or 93 cents per share, up from $35 million or 52 cents per share in the year-ago quarter. Adjusted earnings per share (barring one-time items) in the reported quarter were 97 cents per share, topping the Zacks Consensus Estimate of 42 cents. Revenues fell roughly 13.4% year over year to $797 million in the quarter. The top line missed the Zacks Consensus Estimate of $873.9 million. Adjusted EBITDA in the reported quarter rose around 11.6% year over year to $183 million. Methanex Corporation Price, Consensus and EPS Surprise Methanex Corporation price-consensus-eps-surprise-chart | Methanex Corporation Quote MEOH's Operational Highlights Production in the quarter totaled 1,621,000 tons, up 14% year over year. Production also increased from the prior quarter due to higher production from Geismar as Geismar 1 and 2 operated at full rates in this quarter, and a successful Geismar 3 restart was achieved in early May, as well as increased production in Trinidad. This was offset by reduced production from Egypt due to gas availability, Canada's planned turnaround and lower production from Chile and New Zealand. Total sales volume in the first quarter totaled 2,133,000 tons, down 18.3% year over year. The figure missed our estimate of 2,387,000 tons. The average realized price for methanol was $374 per ton in the quarter, up from $352 per ton in the prior-year quarter. The figure was above our estimate of $362 per ton. MEOH's Financials Cash and cash equivalents were $485 million at the end of the quarter. Cash flow from operating activities was $277 million in the quarter. The company returned $12.5 million to shareholders through dividends in the reported quarter. MEOH's Outlook The company expects its 2025 production to be approximately 8 million tons, subject to fluctuation due to gas availability, scheduled maintenance, unexpected outages, or other unforeseen events. The company expects higher adjusted EBITDA in the third quarter of 2025 than in the second quarter, owing to higher sales volume of produced methanol, offset by a lower average realized price. Based on the prices stated in July and August, the company expects the average realized price to be between $335 and $345 per ton for these two months. MEOH's Price Performance Shares of Methanex have lost 21.5% in the past year against the 22.4% decline in the industry. Image Source: Zacks Investment Research MEOH's Zacks Rank & Key Picks MEOH currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks worth a look in the basic materials space are Avino Silver & Gold Mines Ltd. (ASM), Barrick Mining Corporation B and MAG SilverCorp. MAG. Avino Silver is slated to report second-quarter results on Aug. 13. The Zacks Consensus Estimate for earnings is pegged at 3 cents per share. ASM's earnings beat the Zacks Consensus Estimate in each of the last four quarters, with the average surprise being 104.2%. Avino Silver flaunts a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here. Barrick Mining is expected to report second-quarter results on Aug. 11. The Zacks Consensus Estimate for B's second-quarter earnings is pegged at 47 cents, indicating year-over-year growth of 46.9%. Barrick's earnings beat the Zacks Consensus Estimate in three of the last four quarters but missed it in one. B currently sports a Zacks Rank #1. MAG Silver is slated to report second-quarter results on Aug. 11. The consensus estimate for MAG's earnings is pegged at 26 cents per share. MAG carries a Zacks Rank #2 at present. MAG Silver's earnings beat the consensus estimate in three of the last four quarters, while missing it in one, with the average surprise being 2.01%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Methanex Corporation (MEOH) : Free Stock Analysis Report Barrick Mining Corporation (B) : Free Stock Analysis Report Avino Silver (ASM) : Free Stock Analysis Report MAG Silver Corporation (MAG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
30-07-2025
- Business
- Yahoo
Raymond James Raises PT on Methanex Corporation (MEOH) from $40 to $45; Maintains ‘Outperform' Rating
Methanex Corporation (NASDAQ:MEOH) is included in our list of the . A vast oil and gas rig silhouetted in the sunset, capturing the power of Swift Energy Company. On July 15, 2025, Raymond James increased its price target on Methanex Corporation (NASDAQ:MEOH) to $45.00 from $40.00, maintaining an 'Outperform' rating. The analyst aligned its target with broader analyst sentiment. Due to long-lasting supply concerns in major methanol-producing regions, particularly Iran, methanol prices have been doing better, driving positive market sentiment. Both spot and contract prices have benefited from the global supply disruptions. Looking ahead, Raymond James raised its 2025 and 2026 earnings estimates for Methanex Corporation (NASDAQ:MEOH), reflecting the favorable pricing environment. Furthermore, its acquisition of OCI Global's international methanol business positions the company for continued growth. Methanex Corporation (NASDAQ:MEOH) is a methanol producer, operating in Asia-Pacific, North America, Europe, and South America. It remains on our list of the most undervalued stocks. While we acknowledge the potential of MEOH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 14 Cheap Transportation Stocks to Buy According to Analysts and 10 Cheap Lithium Stocks to Buy According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Toronto Star
18-07-2025
- Business
- Toronto Star
Methanex Corporation – Notice of Cash Dividend
VANCOUVER, British Columbia, July 17, 2025 (GLOBE NEWSWIRE) — Methanex Corporation (the 'Company' or 'Methanex') (TSX:MX) (Nasdaq:MEOH) announced today that its Board of Directors has declared a quarterly dividend of US$0.185 per share. The dividend will be payable on September 30, 2025, to holders of common shares of record on September 16, 2025. Methanex is a Vancouver-based, publicly traded company and is the world's largest supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol 'MX' and on the Nasdaq Global Select Market in the United States under the trading symbol 'MEOH'. Methanex can be visited online at
Hamilton Spectator
18-07-2025
- Business
- Hamilton Spectator
Methanex Corporation – Notice of Cash Dividend
VANCOUVER, British Columbia, July 17, 2025 (GLOBE NEWSWIRE) — Methanex Corporation (the 'Company' or 'Methanex') (TSX:MX) (Nasdaq:MEOH) announced today that its Board of Directors has declared a quarterly dividend of US$0.185 per share. The dividend will be payable on September 30, 2025, to holders of common shares of record on September 16, 2025. Methanex is a Vancouver-based, publicly traded company and is the world's largest supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol 'MX' and on the Nasdaq Global Select Market in the United States under the trading symbol 'MEOH'. Methanex can be visited online at . Inquiries: Investor Relations Methanex Corporation 604-661-2600 or Toll Free: 1-800-661-8851
Hamilton Spectator
27-06-2025
- Business
- Hamilton Spectator
Methanex Corporation Completes Acquisition of OCI Global's Methanol Business
VANCOUVER, British Columbia, June 27, 2025 (GLOBE NEWSWIRE) — Methanex Corporation (TSX:MX) (Nasdaq:MEOH) announced today that it has completed the previously announced acquisition of OCI Global's ('OCI') international methanol business. As part of the transaction, first announced in September 2024, Methanex has acquired an interest in i) two world-scale methanol facilities in Beaumont, Texas, which have access to robust North American natural gas feedstock and one of which also produces ammonia, ii) a low-carbon methanol production and marketing business, and iii) a currently idled methanol facility in the Netherlands. The transaction consideration consists of approximately $1.2 billion of cash, excluding adjustments to working capital and cash acquired, the issuance of approximately 9.9 million common shares of Methanex and the assumption of approximately $450 million in debt and leases. 'We are excited to complete this important strategic acquisition and to welcome a talented team to Methanex,' said Rich Sumner, President and CEO of Methanex. 'I want to thank the individuals that worked diligently to successfully close this acquisition. As we move forward, our focus is on ensuring a smooth integration, maintaining safe and stable operations, and delivering the strategic benefits of this acquisition.' In connection with the transaction, Methanex has filed a base shelf prospectus (the 'Prospectus') with the securities regulatory authority in the Province of British Columbia in accordance with a customary registration rights agreement entered into between Methanex and OCI. The Prospectus will also be filed with the U.S. Securities and Exchange Commission as part of a registration statement on Form F-10 in accordance with the Multijurisdictional Disclosure System established between Canada and the United States. Methanex is a Vancouver-based, publicly traded company and is the world's largest producer and supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol 'MX' and on the Nasdaq Stock Market in the United States under the trading symbol 'MEOH'. Methanex can be visited online at . Inquiries Sarah Herriott Director, Investor Relations Methanex Corporation 604-661-2600 or Toll Free: 1-800-661-8851
