METHANEX (MEOH) Company Report

Methanex projects a "quietly constructive" methanol market with existing structural tightness expected to increase over the next 3-5 years, driven by limited new capacity additions and an estimated 10 million tonne supply-demand gap.
The company has significantly transformed its asset base, with North American production capacity growing to 6.7 million metric tons annually, representing 65% of global capacity and 75% of run-rate earnings, largely due to strategic investments and the recent OCI acquisition.
Methanex is focused on free cash flow generation and maintaining a strong balance sheet, setting a leverage target of 2.0 to 2.5 times debt to EBITDA at a $350 average realized price. Near-term capital allocation prioritizes deleveraging, including repaying the remaining $325 million to $350 million of Term Loan A and half of the $700 million 2027 bond.
The company is actively pursuing a low carbon methanol business, currently selling 70,000 to 80,000 tons at prices roughly three times that of conventional methanol, with significant growth potential identified in the road transportation and marine sectors.

Nov 13, 2025, 5:30 PM

Transcript

Methanex Details Asset Transformation and Deleveraging Strategy at Investor Day 2025

MEOH

New Projects/Investments

M&A

Debt Issuance

Methanex's Investor Day 2025 highlighted the theme of "turning the corner from investment to impact," emphasizing the leverage of its North American asset base, including the OCI acquisition, to drive stronger free cash flow generation.
The company anticipates a "quietly constructive" methanol market with an expected supply-demand gap of approximately 10 million tons over the next three to five years, driven by structural tightness and limited new capacity.
Methanex has expanded its low-cost North American production capacity to 6.7 million metric tons, now accounting for 65% of global capacity and 75% of run rate earnings generation.
A key financial priority is deleveraging, targeting a leverage of 2 to 2.5 times at a $350 methanol price, with approximately $325-$350 million (net) remaining to be repaid on its term loan A.
The company is also focused on developing low-carbon methanol solutions, offering both green (renewable feedstocks) and blue (carbon capture) products, which will leverage its existing supply chain.

Nov 13, 2025, 5:30 PM

Transcript

Methanex Reports Q3 2025 Results and Provides Q4 Outlook

MEOH

Earnings

Guidance Update

M&A

Methanex reported Q3 2025 adjusted EBITDA of $191 million and adjusted net income of $0.06 per share, with 1.9 million tons of produced methanol sales at an average realized price of $345 per ton.
The company is executing an 18-month integration plan for the newly acquired OCI assets, which operated at high rates in Q3 2025, contributing 482,000 tons of methanol and 92,000 tons of ammonia. This is expected to lead to meaningfully higher adjusted EBITDA in Q4 2025 as produced sales align with the new 9.5 million tons per annum equity run rate.
Methanex's capital allocation priority is to direct all free cash flow to deleveraging, having repaid $125 million of the Term Loan A facility in Q3 2025 and aiming to repay the remaining $350 million.
Global methanol demand was relatively flat in Q3 2025, with high methanol-to-olefins (MTO) operating rates in China and an inventory build in coastal markets due to increased supply from Iran. The company estimates the global market is growing 2% to 3% annually, primarily driven by China and Asia.

Oct 30, 2025, 3:00 PM

Transcript

Methanex Reports Q3 2025 Results and Provides Q4 Outlook

MEOH

Earnings

Guidance Update

M&A

Methanex reported Q3 2025 adjusted EBITDA of $191 million and adjusted net income of $0.06 per share, with 1.9 million tons of produced methanol sales at an average realized price of $345 per ton.
The newly acquired Beaumont and Natgasoline plants operated at high rates in Q3 2025, producing a combined 482,000 tons of methanol and 92,000 tons of ammonia.
The company forecasts meaningfully higher adjusted EBITDA in Q4 2025 compared to Q3, driven by higher produced sales levels closer to run-rate equity production, with a forecasted October and November average realized price between $335 and $345 per ton.
Capital allocation priorities include directing all free cash flow to deleveraging the Term Loan A facility, with $125 million repaid in Q3 2025, leaving $413 million in cash on the balance sheet.

Oct 30, 2025, 3:00 PM

Transcript

Methanex Reports Q3 2025 Results and Provides Q4 Outlook

MEOH

Earnings

M&A

Guidance Update

Methanex reported Q3 2025 adjusted EBITDA of $191 million and adjusted net income of $0.06 per share, with an average realized price of $345 per ton.
The company anticipates meaningfully higher adjusted EBITDA in Q4 2025, as produced sales are expected to align with its new run-rate equity production of 2.4 to 2.5 million tons per quarter following the integration of newly acquired assets.
In Q3 2025, Methanex repaid $125 million of its Term Loan A facility, ending the quarter with $413 million in cash, and plans to prioritize deleveraging by directing free cash flow to repay the remaining approximately $350 million on the Term Loan A.
The newly acquired Beaumont and NAT Gasoline plants operated at high rates in Q3 2025, contributing 482,000 tons of methanol and 92,000 tons of ammonia, with an 18-month integration plan targeting $30 million in synergies.
Global methanol demand is growing at 2% to 3% year-over-year, mainly in China and Asia, while the IMO's one-year deferral of the flex fuel mandate is being monitored for its long-term impact on marine fuel demand.

Oct 30, 2025, 3:00 PM

Transcript

Methanex Reports Q3 2025 Financial and Operational Results

MEOH

Earnings

M&A

Debt Issuance

Methanex reported a net loss attributable to shareholders of $7 million ($0.09 net loss per common share on a diluted basis) for Q3 2025, with Adjusted EBITDA of $191 million and Adjusted net income of $5 million.
Total methanol production significantly increased to 2,212,000 tonnes in Q3 2025, up from 1,621,000 tonnes in Q2 2025, primarily due to the first full quarter of operations at the newly acquired Beaumont and Natgasoline plants.
The company generated $184 million in cash from operations and repaid $125 million of its Term Loan A in Q3 2025, ending the quarter with a cash balance of $413 million.
The average realized methanol price in Q3 2025 was $345 per tonne, a decrease from $374 per tonne in the second quarter of 2025.

Oct 29, 2025, 10:55 PM

6-K

Methanex Reports Third Quarter 2025 Results

MEOH

Earnings

Guidance Update

M&A

Methanex reported a net loss attributable to shareholders of $7 million and Adjusted EBITDA of $191 million for the third quarter of 2025, with an average realized price of $345 per tonne.
Methanol production significantly increased to 2,212,000 tonnes in Q3 2025, up from 1,621,000 tonnes in Q2 2025, primarily due to the first full quarter of operations at the newly acquired Beaumont and Natgasoline plants.
The company generated $184 million in cash from operations and repaid $125 million of its Term Loan A, ending Q3 2025 with $413 million in cash.
Methanex expects meaningfully higher Adjusted EBITDA in Q4 2025, driven by higher produced sales, with an anticipated average realized price of $335 to $345 per tonne for October and November.

Oct 29, 2025, 9:43 PM

Press Release

Methanex Launches Global Methanol Bunkering Operations

MEOH

New Projects/Investments

Product Launch

Methanex Corporation has launched global methanol bunkering operations through new strategic partnerships in the ARA (Amsterdam–Rotterdam–Antwerp) region and South Korea.
In the ARA region, Methanex is partnering with TankMatch to provide safe, barge-to-ship methanol bunkering, building on a previous arrangement acquired through its acquisition of OCI.
In South Korea, Methanex is collaborating with Alpha Maritime and Hyodong Shipping to enable last-mile bunkering operations.
These partnerships aim to provide an integrated, end-to-end methanol fuel solution to support the maritime industry's decarbonization efforts, anticipating a sharp rise in demand for low-carbon methanol.

Sep 23, 2025, 9:10 PM

6-K

Earnings Transcripts

Quarterly earnings call transcripts for METHANEX.

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