Methanex reports Q2 adjusted EPS 97c, consensus 28c

Repors Q2 revenue $797M, consensus $836.55M. Rich Sumner, President & CEO of Methanex (MEOH), said, “This quarter represents an important milestone for the business with the closing of the OCI Acquisition. This expands our production footprint and strengthens our position in North America where we benefit from access to a stable and economic supply of natural gas feedstock. Our focus is now on completing a seamless integration and capturing the full strategic value of the acquisition. Methanol markets and pricing have been strong year to date, and while we continue to navigate macro uncertainty, we are focused on the reliable and cost efficient operation of our assets and supply chain to create long-term value for shareholders.”