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Methanex Corp. (MEOH)
NASDAQ:MEOH
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.43Last Year’s EPS
0.63Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: -11.23%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment overall, with significant achievements in safety performance, financial stability, and operational improvements, particularly in pricing and production. However, some challenges remain with gas supply issues in New Zealand and Egypt, which may affect future production.Company Guidance
During the Methanex Corporation Fourth Quarter 2024 Results Conference Call, the company provided guidance on several financial metrics and market dynamics. For Q4 2024, Methanex reported an average realized price of $370 per ton, produced sales of approximately 1.5 million tons, and generated an adjusted EBITDA of $224 million with an adjusted net income of $1.24 per share. For the full year 2024, the average realized price was $355 per ton, with produced sales totaling just over 6 million tons, leading to an adjusted EBITDA of $764 million and adjusted net income of $252 million, or $3.72 per share. Looking ahead, Methanex projects that methanol demand in 2025 will grow at a similar rate to 2024, driven by traditional chemical and energy applications. The company expects its 2025 equity production to reach approximately 7.5 million equity tons, accounting for planned turnarounds and gas feedstock availability. Methanex foresees a robust methanol pricing environment continuing into 2025, with the European quarterly price posted at €700 per ton for Q1. Financially, Methanex ended Q4 2024 with $879 million in cash and access to an undrawn $500 million revolving credit facility, and plans to reduce debt by $550 million to $600 million over the next 18 months, assuming a $350 realized methanol price.Record Safety Performance
Achieved the best safety performance on record for Methanex in 2024, demonstrating a strong commitment to responsible care.
Increased Methanol Pricing
Global average realized price of $370 per metric ton in Q4 2024, $14 higher than the previous quarter. European quarterly price posted at €700 per ton, a €130 per ton increase from Q4.
Strong Financial Position
Ended Q4 with $879 million in cash and access to a $500 million undrawn revolving credit facility. Executed OCI acquisition financing plan.
Operational Improvements in Chile
Produced 150,000 tons of methanol in December, the highest monthly level since 2007. Expecting 1.3 to 1.4 million tons of production in 2025.
Full Year Production Increase
Produced sales of just over 6 million tons for 2024, with an adjusted EBITDA of $764 million, up from previous years.
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MEOH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MEOH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $49.85 | $51.76 | +3.83% |
| Nov 06, 2024 | $38.81 | $41.67 | +7.37% |
| Jul 30, 2024 | $46.26 | $48.16 | +4.11% |
| Apr 24, 2024 | $47.11 | $47.17 | +0.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Methanex Corp. (MEOH) report earnings?
Methanex Corp. (MEOH) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Methanex Corp. (MEOH) earnings time?
Methanex Corp. (MEOH) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MEOH EPS forecast?
MEOH EPS forecast for the fiscal quarter 2025 (Q1) is 1.43.
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