Methanex Says Its Egypt Methanol Production Facility Was Temporarily Idled This Morning; Says Working Closely With Its Partner And Gas Supplier To Resume Gas Supply

6/4/24 5:12:27 PM ET

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The company said its 1.26 million tonne Egypt methanol production facility (Methanex 50% equity interest of 0.63 million tonnes per annum) was temporarily idled this morning as lower gas supply and increased seasonal demand for power generation has led to gas curtailments to industrial plants. Methanex is working closely with its partner and gas supplier to resume gas supply.

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Recent Analyst Ratings for
$MEOH

Date	Price Target	Rating	Analyst
9/10/2024	$56.00 → $44.00	Overweight → Equal Weight	Barclays
8/7/2024	$50.00 → $51.00	Neutral → Overweight	Piper Sandler
2/8/2024	$51.00 → $60.00	Neutral → Buy	UBS
11/2/2023	$40.00 → $45.00	Sell → Neutral	UBS
10/30/2023	$47.00 → $54.00	Sector Perform → Sector Outperform	Scotiabank
9/19/2023	$50.00 → $60.00	Mkt Perform → Outperform	Raymond James
6/12/2023	$60.00 → $47.00	Sector Outperform → Sector Perform	Scotiabank
4/12/2023	$46.00 → $49.00	Underweight → Neutral	Piper Sandler

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Methanex Announces Upsize and Pricing of Senior Unsecured Notes
VANCOUVER, British Columbia, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) ("Methanex") announced today that its wholly-owned subsidiary, Methanex US Operations Inc., has priced an offering of US$600 million aggregate principal amount of 6.250% senior unsecured notes due 2032 (the "notes") in a private offering (the "Offering") exempt from the registration requirements of the United States Securities Act of 1933, as amended (the "Securities Act"). The size of the Offering was increased to US$600 million from the previously announced Offering size of US$500 million in aggregate principal amount of notes. The notes will be issued at a price of 99.289% of the a
11/19/24 4:46:37 PM ET
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Methanex Corporation – Notice of Cash Dividend
VANCOUVER, British Columbia, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (the "Company" or "Methanex") (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has declared a quarterly dividend of US$0.185 per share. The dividend will be payable on December 31, 2024, to holders of common shares of record on December 17, 2024. About MethanexMethanex is a Vancouver-based, publicly traded company and is one of the world's largest producers and suppliers of methanol to major international markets. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX" and on the NASDAQ Global Select Market in the United States under th
11/19/24 3:07:29 PM ET
$MEOH
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Methanex Announces Offering of Senior Unsecured Notes
VANCOUVER, British Columbia, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) ("Methanex") announced today that its wholly-owned subsidiary, Methanex US Operations Inc., has launched an offering of US$500 million aggregate principal amount of senior unsecured notes due 2032 (the "notes") in a private offering (the "Offering") exempt from the registration requirements of the United States Securities Act of 1933, as amended (the "Securities Act"). The notes will be guaranteed on a senior basis by Methanex. Methanex intends to use the net proceeds from the Offering to fund a portion of the cash purchase price of its previously announced agreement to acquire OCI Gl
11/19/24 7:49:33 AM ET
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Methanex Reports on Annual General Meeting of Shareholders and Welcomes Roger Perreault to Its Board of Directors
VANCOUVER, British Columbia, April 25, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual General Meeting held on April 25, 2024 in Vancouver, British Columbia. Voting Results from Annual General Meeting A total of 57,127,836 common shares were voted at the meeting, representing 84.78% of all outstanding shares. Shareholders voted in favour of all items of business before the meeting, including the election of all director nominees as follows: DirectorVotes For% of Votes ForVotes Against% of Votes AgainstDoug Arnell55,781,22199.66188,6140.34Jim Bertram55,600,77999.34369
4/25/24 5:00:23 PM ET
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Methanex Corporation Appoints John Sampson to its Board of Directors
VANCOUVER, British Columbia, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) is pleased to announce the appointment of John Sampson, Senior Vice President, Operations, Manufacturing and Engineering at Dow Inc., to its Board of Directors effective October 1, 2023. With a career spanning 40 years in the chemical and materials sector, Mr. Sampson brings a wealth of industry knowledge and business acumen. From 1996 to 2015, Mr. Sampson held a variety of increasingly senior management positions at Dow, including Vice President, Environment, Health & Safety and Manufacturing Vice President, Chemicals & Energy. In 2015, Mr. Sampson joined Olin Corp as Vice Presiden
9/18/23 5:00:03 PM ET
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Methanex Reports on Annual General Meeting of Shareholders
VANCOUVER, British Columbia, April 28, 2023 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual General Meeting held on April 27, 2023 in Vancouver, British Columbia. Voting Results from Annual General Meeting A total of 59,123,988 common shares were voted at the meeting, representing 86% of all outstanding shares. Shareholders voted in favour of all items of business before the meeting, including the election of all director nominees as follows: DirectorVotes For% of Votes ForVotes Against% of Votes AgainstDoug Arnell57,577,30498.90641,9951.10Jim Bertram53,779,52292.374,439,
4/28/23 12:45:23 PM ET
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Methanex Corporation – Notice of Cash Dividend
VANCOUVER, British Columbia, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (the "Company" or "Methanex") (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has declared a quarterly dividend of US$0.185 per share. The dividend will be payable on December 31, 2024, to holders of common shares of record on December 17, 2024. About MethanexMethanex is a Vancouver-based, publicly traded company and is one of the world's largest producers and suppliers of methanol to major international markets. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX" and on the NASDAQ Global Select Market in the United States under th
11/19/24 3:07:29 PM ET
$MEOH
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Methanex Reports Third Quarter 2024 Results
Except where otherwise noted, all currency amounts are stated in United States dollars. Financial and Production Highlights Net income attributable to Methanex shareholders of $31 million and Adjusted EBITDA of $216 million in the third quarter. Our average realized price in the third quarter was $356 per tonne compared to $352 per tonne in the second quarter of 2024.Announced the signing of a definitive agreement to acquire OCI Global's international methanol business for approximately $2.05 billion, including OCI's interest in two world class methanol facilities in Beaumont, Texas. The transaction is expected to close in the first half of 2025.Geismar 3 ("G3") produced first methanol in
11/6/24 5:00:30 PM ET
$MEOH
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Methanex Corporation Signs Definitive Agreement to Acquire OCI Global's International Methanol Business for $2.05 Billion
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 strategyAcquisition 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. 08, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation ("Methanex" or the "Company") (TSX:MX) (NASDAQ:MEOH) announced today that it has entered into a definitive agreement to acquire OCI Global's ("OCI") international methanol business for $2.05
9/8/24 9:00:53 PM ET
$MEOH
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Methanex Says Its Egypt Methanol Production Facility Was Temporarily Idled This Morning; Says Working Closely With Its Partner And Gas Supplier To Resume Gas Supply

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$MEOH

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Methanex Announces Upsize and Pricing of Senior Unsecured Notes

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$MEOH
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SEC Form 6-K filed by Methanex Corporation

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Methanex Says Its Egypt Methanol Production Facility Was Temporarily Idled This Morning; Says Working Closely With Its Partner And Gas Supplier To Resume Gas Supply

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Recent Analyst Ratings for $MEOH

$MEOH Press Releases

Fastest customizable press release news feed in the world

Methanex Announces Upsize and Pricing of Senior Unsecured Notes

Methanex Corporation – Notice of Cash Dividend

Methanex Announces Offering of Senior Unsecured Notes

$MEOH Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Methanex downgraded by Barclays with a new price target

Methanex upgraded by Piper Sandler with a new price target

Methanex upgraded by UBS with a new price target

$MEOH Leadership Updates

Live Leadership Updates

Methanex Reports on Annual General Meeting of Shareholders and Welcomes Roger Perreault to Its Board of Directors

Methanex Corporation Appoints John Sampson to its Board of Directors

Methanex Reports on Annual General Meeting of Shareholders

$MEOH Market Insights

Live Market Insights

Methanex, Entropy Enter Agreement To Invest In Pre-FEED Study For Carbon Capture, Utilization And Sequestration Deployment At Alberta Facility

Scotiabank Maintains Sector Outperform on Methanex, Raises Price Target to $60

UBS Maintains Buy on Methanex, Raises Price Target to $64

$MEOH SEC Filings

SEC Form 6-K filed by Methanex Corporation

SEC Form 6-K filed by Methanex Corporation

SEC Form 6-K filed by Methanex Corporation

$MEOH Large Ownership Changes

This live feed shows all institutional transactions in real time.

$MEOH Financials

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Amendment: SEC Form SC 13G/A filed by Methanex Corporation

Amendment: SEC Form SC 13G/A filed by Methanex Corporation

SEC Form SC 13G/A filed by Methanex Corporation (Amendment)

Methanex Corporation – Notice of Cash Dividend

Methanex Reports Third Quarter 2024 Results

Methanex Corporation Signs Definitive Agreement to Acquire OCI Global's International Methanol Business for $2.05 Billion

Recent Analyst Ratings for
$MEOH

$MEOH
Press Releases

$MEOH
Analyst Ratings

$MEOH
Leadership Updates

$MEOH
Market Insights

$MEOH
SEC Filings

$MEOH
Large Ownership Changes

$MEOH
Financials