Three Directors at Methanex Corporation bought 15,481 shares at 53.758CAD. The significance rating of the trade was 79/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two year...
Methanex Provides Update on Geismar Operations VANCOUVER, British Columbia, March 09, 2025 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (Nasdaq:MEOH) announced today that its 1.8 million tonne methanol plant, Geismar 3 (G3), in Geismar, Louisiana was impacted by an unplanned outage in late February. Upon completing various inspections, management has decided to complete repairs to the autothermal reformer (ATR), and management currently estimates a plant startup by early May 2025. During this outage, management is taking the opportunity to bring forward the completion of other pla...
Methanex Releases 2024 Sustainability Report VANCOUVER, British Columbia, March 07, 2025 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (Nasdaq:MEOH) released its 2024 Sustainability Report today to share its progress on the sustainability topics that are most material to the company and its stakeholders. “I am proud of our global team’s commitment to safety and Responsible Care® and our best-ever safety performance achievement in 2024. Our safety performance puts us in the top ten per cent for safety performance among the American Chemistry Council’s Responsible Care members....
Methanex Corporation – Notice of Cash Dividend VANCOUVER, British Columbia, Jan. 30, 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 March 31, 2025, to holders of common shares of record on March 17, 2025. Methanex is a Vancouver-based, publicly traded company and is one of the world's largest producers and suppliers of methanol to major international markets. Methanex shares are listed for trading on the T...
Methanex Reports Higher Production and Adjusted EBITDA in Fourth Quarter 2024 Except where otherwise noted, all currency amounts are stated in United States dollars. Financial and Production Highlights Net income attributable to Methanex shareholders of $45 million and Adjusted EBITDA of $224 million in the fourth quarter. Our average realized price in the fourth quarter was $370 per tonne compared to $356 per tonne in the third quarter of 2024.Full year 2024 net income attributable to Methanex shareholders of $164 million and Adjusted EBITDA of $764 million.Fourth quarter production of 1...
Methanex Announces Upsize and Pricing of Senior Unsecured Notes VANCOUVER, British Columbia, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) (“Methanex”) announced today that its wholly-owned subsidiary, Methanex US Operations Inc., has priced an offering of US$600 million aggregate principal amount of 6.250% senior unsecured notes due 2032 (the “notes”) in a private offering (the “Offering”) exempt from the registration requirements of the United States Securities Act of 1933, as amended (the “Securities Act”). The size of the Offering was increased to US$60...
Methanex Corporation – Notice of Cash Dividend VANCOUVER, British Columbia, Nov. 19, 2024 (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 December 31, 2024, to holders of common shares of record on December 17, 2024. About MethanexMethanex is a Vancouver-based, publicly traded company and is one of the world's largest producers and suppliers of methanol to major international markets. Methanex shares are listed ...
Methanex Announces Offering of Senior Unsecured Notes VANCOUVER, British Columbia, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) (“Methanex”) announced today that its wholly-owned subsidiary, Methanex US Operations Inc., has launched an offering of US$500 million aggregate principal amount of senior unsecured notes due 2032 (the “notes”) in a private offering (the “Offering”) exempt from the registration requirements of the United States Securities Act of 1933, as amended (the “Securities Act”). The notes will be guaranteed on a senior basis by Methanex. Me...
Methanex Reports Third Quarter 2024 Results Except where otherwise noted, all currency amounts are stated in United States dollars. Financial and Production Highlights Net income attributable to Methanex shareholders of $31 million and Adjusted EBITDA of $216 million in the third quarter. Our average realized price in the third quarter was $356 per tonne compared to $352 per tonne in the second quarter of 2024.Announced the signing of a definitive agreement to acquire OCI Global's international methanol business for approximately $2.05 billion, including OCI’s interest in two world class ...
Methanex Corporation Announces Successful Syndication of Acquisition Financing VANCOUVER, British Columbia, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) (“Company”) announced today the successful syndication of acquisition financing to support the earlier announced agreement to acquire OCI Global’s international methanol business (“OCI Acquisition”) for $2.05 billion. The new financing arrangements are with a syndicate of highly rated financial institutions and include: Up to $650 million in Term Loan A commitments which can be drawn upon closing of the ...
Methanex Corporation Signs Definitive Agreement to Acquire OCI Global’s International Methanol Business for $2.05 Billion Except where otherwise noted, all currency amounts are stated in United States dollars. Unique opportunity to acquire world-scale producing methanol assets with access to robust North American natural gas feedstock Aligns with Methanex’s strategic priorities and value-creation strategyAcquisition expected to be immediately accretive to free cash flow per share OCI to hold a 13 percent ownership interest upon closing VANCOUVER, British Columbia, Sept. 08, 2024 (GLOBE ...
Methanex Corporation to Temporarily Idle New Zealand Operations to Assist in Improving Energy Balances VANCOUVER, British Columbia, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that it has entered into short-term commercial arrangements to provide its contracted natural gas into the New Zealand electricity market. As a result, it is temporarily idling its manufacturing operations in New Zealand until the end of October 2024. These commercial arrangements are expected to positively impact Methanex’s Q3 and Q4 2024 earnings with after-tax pro...
Geismar 3 (“G3”) Produces First Methanol and Methanex Reports Higher Second Quarter 2024 Earnings Except where otherwise noted, all currency amounts are stated in United States dollars. Net income attributable to Methanex shareholders of $35 million and Adjusted EBITDA of $164 million in the second quarter. Our average realized price in the second quarter was $352 per tonne compared to $343 per tonne in the first quarter of 2024.The repairs to the autothermal reformer are complete on the 1.8 million tonne methanol plant, Geismar 3 ("G3"). First methanol was successfully produced in late Ju...
Methanex Corporation – Notice of Cash Dividend VANCOUVER, British Columbia, July 18, 2024 (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, 2024, to holders of common shares of record on September 16, 2024. Methanex is a Vancouver-based, publicly traded company and is one of the world's largest producers and suppliers of methanol to major international markets. Methanex shares are listed for trading ...
Methanex and Entropy Partner to Reduce Emissions in Methanol Production Leading Canadian Companies Enter Pre-FEED for Carbon Capture Utilization and Sequestration Deployment in Alberta VANCOUVER, British Columbia and CALGARY. Alberta, July 17, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (“Methanex”) (TSX:MX) (NASDAQ:MEOH), one of the world’s largest methanol producers and suppliers and Entropy Inc. (“Entropy”), a leader in carbon capture and storage solutions, have entered into an agreement to invest in a Preliminary Front-End Engineering and Design (“Pre-FEED”) study for carbon captu...
Methanex Corporation Provides Update on Egypt Operations VANCOUVER, British Columbia, June 04, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that its 1.26 million tonne Egypt methanol production facility (Methanex 50% equity interest of 0.63 million tonnes per annum) was temporarily idled this morning as lower gas supply and increased seasonal demand for power generation has led to gas curtailments to industrial plants. Methanex is working closely with its partner and gas supplier to resume gas supply. Methanex is a Vancouver-based, publicly traded ...
Methanex Reports on Annual General Meeting of Shareholders and Welcomes Roger Perreault to Its Board of Directors VANCOUVER, British Columbia, April 25, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual General Meeting held on April 25, 2024 in Vancouver, British Columbia. Voting Results from Annual General Meeting A total of 57,127,836 common shares were voted at the meeting, representing 84.78% of all outstanding shares. Shareholders voted in favour of all items of ...
Methanex Corporation – Notice of Cash Dividend VANCOUVER, British Columbia, April 24, 2024 (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 June 28, 2024, to holders of common shares of record on June 14, 2024. Methanex is a Vancouver-based, publicly traded company and is the world's largest producer and supplier of methanol to major international markets. Methanex shares are listed for trading on the Toronto Sto...
Methanex Reports Higher First Quarter 2024 Earnings as Methanol Prices Increase Except where otherwise noted, all currency amounts are stated in United States dollars. Net income attributable to Methanex shareholders of $53 million and Adjusted EBITDA of $160 million in the first quarter. Our average realized price in the first quarter was $343 per tonne compared to $322 per tonne in the fourth quarter of 2023.Work is progressing to safely repair the Geismar 3 ("G3") plant and we believe that the plant is on track to start up in the third quarter of 2024. Repair costs are expected to be $1...
Methanex Renews and Adds New Tranche to Revolving Credit Facility VANCOUVER, British Columbia, April 24, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that it has renewed its US$300 million revolving credit facility, which replaces the Company’s existing revolving facility, and added an additional US$200 million tranche. The facility has been arranged with a syndicate of banks and will expire April 24, 2028 with the US$200 million tranche expiring April 24, 2026. RBC Capital Markets was the Arranger for the facility. Rich Sumner, President and CEO, ...
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