Methanex Stock Earnings Reports

Methanex reported Q1 2026 adjusted EBITDA of $220 million and adjusted net income of $23 million, with average realized methanol price of $351/tonne and produced methanol sales of ~2.2 million tonnes. Equity production for Q1 was ~2.4 million tonnes and full-year 2026 equity production is expected to be ~9.0 million tonnes (subject to usual operational variances). The company repaid $60 million of Term Loan A in Q1 and held about $380 million of cash. Operationally, North American and Egypt assets ran strongly; Chile had a pipeline disruption early in Q1 that was resolved and one Chile plant is expected to be idled seasonally in mid-Q2; New Zealand and Trinidad face structural gas challenges and are being reviewed for short- and medium-term options. The Middle East conflict has materially disrupted roughly 20 million tonnes/year of methanol supply into global markets, driving a rapid global price increase; Methanex estimates April–May average realized price of approximately $500–$525/tonne and expects materially stronger earnings and cash flow in Q2 versus Q1. The company warns of lags (about 45 days of inventory) that will defer some higher feedstock, freight and gas costs into Q3 (~$30–$40 million impact). Priorities remain safe, reliable operations, OCI integration (synergies ~ $30 million target, with some benefits realized next year and carrying higher integration costs in 2026), and deleveraging: management expects to repay the remaining ~$290 million term loan in Q2 and then direct most free cash flow to the 2027 bond while considering opportunistic buybacks.