Profile
Sector:
Basic MaterialsIndustry:
ChemicalsCountry:
CanadaIPO:
19 May 1992Website:
http://www.methanex.comNext earnings report:
07 November 2024Last dividends:
16 September 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 20:00:10 GMTAnalysts recommendations
Institutional Ownership
MEOH Latest News
VANCOUVER, British Columbia, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) (“Company”) announced today the successful syndication of acquisition financing to support the earlier announced agreement to acquire OCI Global's international methanol business (“OCI Acquisition”) for $2.05 billion.
Methanex (MEOH) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
MEOH acquires OCI's methanol business for $2.05 billion, boosting global production and entering the ammonia market.
Canadian methanol producer Methanex said on Sunday it will acquire Dutch green fuel-maker OCI Global's methanol business in a $2.05 billion deal.
Except where otherwise noted, all currency amounts are stated in United States dollars. Unique opportunity to acquire world-scale producing methanol assets with access to robust North American natural gas feedstock Aligns with Methanex's strategic priorities and value-creation strategy Acquisition expected to be immediately accretive to free cash flow per share OCI to hold a 13 percent ownership interest upon closing VANCOUVER, British Columbia, Sept.
Methanex (MEOH) has natural gas contracts in New Zealand until 2029 and remains committed to working with all parties involved to improve the country's structural energy balances.
VANCOUVER, British Columbia, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that it has entered into short-term commercial arrangements to provide its contracted natural gas into the New Zealand electricity market. As a result, it is temporarily idling its manufacturing operations in New Zealand until the end of October 2024. These commercial arrangements are expected to positively impact Methanex's Q3 and Q4 2024 earnings with after-tax proceeds expected to meaningfully exceed the margin lost on New Zealand methanol production delivered to customers. The commercial arrangements are structured to provide Methanex with a base price for each unit of gas delivered with further incremental value shared between the parties depending on electricity pricing over the period.
Methanex Corporation (NASDAQ:MEOH ) Q2 2024 Earnings Call Transcript July 31, 2024 11:00 AM ET Company Participants Sarah Herriott - Director of IR Rich Sumner - President and CEO Conference Call Participants Ben Isaacson - Scotiabank Mike Leithead - Barclays Capital James Cannon - UBS Joel Jackson - BMO Capital Markets Steve Hansen - Raymond James Hassan Ahmed - Alembic Global Nelson Ng - RBC Capital Markets Matthew Blair - TPH Laurence Alexander - Jefferies Charles Neivert - Piper Sandler Operator Good morning. My name is Aaron, and I will be your conference operator for today.
While the top- and bottom-line numbers for Methanex (MEOH) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Methanex (MEOH) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.60 per share a year ago.
What type of business is Methanex?
Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities. The company owns and manages a fleet of approximately 30 ocean-going vessels. It serves chemical and petrochemical producers. Methanex Corporation was incorporated in 1968 and is headquartered in Vancouver, Canada.
What sector is Methanex in?
Methanex is in the Basic Materials sector
What industry is Methanex in?
Methanex is in the Chemicals industry
What country is Methanex from?
Methanex is headquartered in Canada
When did Methanex go public?
Methanex initial public offering (IPO) was on 19 May 1992
What is Methanex website?
https://www.methanex.com
Is Methanex in the S&P 500?
No, Methanex is not included in the S&P 500 index
Is Methanex in the NASDAQ 100?
No, Methanex is not included in the NASDAQ 100 index
Is Methanex in the Dow Jones?
No, Methanex is not included in the Dow Jones index
When was Methanex the previous earnings report?
No data
When does Methanex earnings report?
The next expected earnings date for Methanex is 07 November 2024