Methanex Reports Profitable Q2 with Geismar 3 Success

Methanex (TSE:MX) has released an update.

Methanex Corporation reported a net income of $35 million and an Adjusted EBITDA of $164 million in Q2 2024, marking a successful period with the completion of Geismar 3 plant repairs and commencement of methanol production. The second quarter also saw a higher average realized price of methanol, tight market conditions with growing demand, and the company returned $12.5 million to shareholders through dividends, ending with $426 million in cash.

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