Methanex Reports Strong Q1 2025 Earnings Amid Challenges

Methanex ( (MEOH) ) has released its Q1 earnings. Here is a breakdown of the information Methanex presented to its investors.

Methanex Corporation, based in Vancouver, is the world’s largest producer and supplier of methanol, serving a global customer base. The company operates in the chemical industry and is known for its extensive production capabilities and international reach.

In the first quarter of 2025, Methanex reported a significant increase in net income attributable to shareholders, reaching $111 million, up from $45 million in the previous quarter. The company also achieved an Adjusted EBITDA of $248 million, with an average realized price of $404 per tonne, reflecting a strong financial performance despite some production challenges.

Key highlights from the quarter include a decrease in production due to planned and unplanned outages at the Geismar facilities, which was partially offset by increased production in Chile. Methanex is also on track to complete the acquisition of OCI Global’s methanol business, which is expected to enhance its production capacity. The company maintained a robust liquidity position with $1,087 million in cash and returned $12.5 million to shareholders through dividends.

Looking ahead, Methanex anticipates a lower production output for 2025 than previously guided, primarily due to the Geismar 3 outage. The company expects a decrease in Adjusted EBITDA in the second quarter, influenced by lower sales and average realized prices. Methanex remains focused on safely restarting Geismar 3 and integrating the newly acquired OCI assets.