Methanex Reports Higher Earnings and Cash Flows in Third Quarter 2026
Key Highlights
- ➤Q3 net income $265 million, up from $198 million in Q2 2026
- ➤Q3 Adjusted EBITDA $543 million, down from $577 million in Q2
- ➤Q4 Adjusted EBITDA expected higher on stronger realized methanol prices
- ➤2027 New Zealand facility idling follows sale of remaining gas entitlements
- ➤5% share repurchase approved, covering up to 3,868,213 common shares
Expert Statements
Rich Sumner, President & CEO of Methanex
“The Middle East conflict's dramatic impact on the methanol industry persisted through the third quarter, with the significant loss of industry supply supporting ongoing pricing strength. Our enhanced asset base continued to run well, particularly in North America, helping to drive another quarter of strong Adjusted EBITDA and cash flow. We remain focused on operating our assets and supply chain safely and reliably as we continue to navigate dynamic conditions.”
Except where otherwise noted, all currency amounts are stated in United States dollars.
Financial and Production Highlights * Net income attributable to Methanex shareholders of $265 million, Adjusted EBITDA of $543 million, and Adjusted net income of $284 million in the third quarter. * Reported an average realized price in the third quarter of $510 per tonne compared to $529 per tonne in the second quarter of 2026. Based on our October and November posted prices and current spot pricing, we expect that our average realized price range will be approximately $525 to $550 per tonne for these two months. * Produced 2,143,000 tonnes of methanol in the third quarter, with record North American production. * Announced an agreement to sell substantially all of our remaining New Zealand natural gas contractual entitlements commencing in the first quarter of 2027 and continuing through the end of the decade when such entitlements expire. The expected indefinite idling of our New Zealand production facilities during the first quarter of 2027 resulted in a $10 million accrual for restructuring activities, which has been included as a deduction in the calculation of Adjusted EBITDA. * Generated $646 million of cash flows from operating activities, returned $14 million to shareholders through regular dividends and ended the quarter with $912 million in cash. Provided notice to redeem $300 million of our existing $700 million bonds due in October 2027 and expect to redeem the final $400 million during the fourth quarter of 2026. * Subsequent to the quarter, announced approval of a 5% normal course issuer bid to repurchase up to 3,868,213 common shares through November 3, 2027. VANCOUVER, British Columbia, Oct. 29, 2026 (GLOBE NEWSWIRE) -- For the third quarter of 2026, Methanex (TSX:MX) (NASDAQ:MEOH) reported net income attributable to Methanex shareholders of $265 million ($3.42 net income per common share on a diluted basis) compared to a net income of $198 million ($2.45 net income per common share on a diluted basis) in the second quarter of 2026. Adjusted EBITDA for the third quarter of 2026 was $543 million and Adjusted net income was $284 million ($3.69 Adjusted net income per common share). This compares with Adjusted EBITDA of $577 million and Adjusted net income of $300 million ($3.87 Adjusted net income per common share) for the second quarter of 2026.
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