Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. 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. The company was incorporated in 1968 and is headquartered in Vancouver, Canada.
IPO Year:
Exchange: NASDAQ
Website: methanex.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
6/10/2025 | $33.00 | Neutral | Analyst |
5/19/2025 | $48.00 | Neutral → Overweight | Piper Sandler |
5/5/2025 | $53.00 | Sector Perform → Sector Outperform | Scotiabank |
4/7/2025 | $36.00 | Overweight → Neutral | Piper Sandler |
3/10/2025 | $53.00 | Sector Outperform → Sector Perform | Scotiabank |
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 |
VANCOUVER, British Columbia, June 27, 2025 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that it has completed the previously announced acquisition of OCI Global's ("OCI") international methanol business. As part of the transaction, first announced in September 2024, Methanex has acquired an interest in i) two world-scale methanol facilities in Beaumont, Texas, which have access to robust North American natural gas feedstock and one of which also produces ammonia, ii) a low-carbon methanol production and marketing business, and iii) a currently idled methanol facility in the Netherlands. The transaction consideration consists of approximately $1.2 billion
OCI Global ("OCI") announces successful completion of the sale of 100% of its equity interests in its Global Methanol Business ("OCI Methanol") to Methanex Corporation (TSX:MX) (NASDAQ:MEOH) ("Methanex"), (the "Transaction).The Transaction was valued at USD 1.6 billion on a cash-free debt-free basis comprising approximately USD 1.3 billion of cash, and the issuance of 9.9 million common shares of Methanex ("Methanex Shares"), valued at USD 346 million.OCI intends to launch the tender offer for its USD 600 million 6.700 per cent Notes due 2033 within five business days of the closing of the Transaction.OCI intends to return a further up to USD 1 billion through multiple channels of distributi
VANCOUVER, British Columbia, June 12, 2025 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that the regulatory review period under the U.S. Hart-Scott-Rodino Antitrust Act has lapsed. Accordingly, all regulatory approvals required for Methanex to close its previously announced acquisition of OCI Global's international methanol business have been obtained. The transaction is expected to close on June 27, 2025, and remains subject to the satisfaction of customary closing conditions. "We are pleased to have received regulatory clearance and look forward to closing the transaction and welcoming new team members to Methanex." said Rich Sumner, President and CE
AMSTERDAM, June 12, 2025 /PRNewswire/ -- OCI Global (Euronext: OCI), ("OCI", the "Company") today announced that the regulatory review period under the U.S. Hart-Scott-Rodino Antitrust Act has concluded with respect to the sale of 100% of its equity interests in its Global Methanol Business ("OCI Methanol") to Methanex Corporation (TSX:MX) (NASDAQ:MEOH) ("Methanex"), (the "Transaction"). All regulatory approvals required for the closing of the Transaction have now been obtained and the Transaction is expected to close on 27 June 2025 subject to customary closing conditions. Transaction details Under the proposed Transaction, Methanex will acquire 100% of the equity interests in OCI Methanol
VANCOUVER, British Columbia, May 01, 2025 (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 May 1, 2025 in Vancouver, British Columbia. Voting Results from Annual General Meeting A total of 55,396,544 common shares were voted at the meeting, representing 82.2% 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 Arnell54,147,91099.75134,2950.25Jim Bertram53,834,30699.17447,
VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that its 1.8 million tonne methanol plant, Geismar 3 (G3), in Geismar, Louisiana has successfully restarted and begun producing methanol following an unplanned outage in late February. Methanex is a Vancouver-based, publicly traded company and is the world's largest supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX" and on the Nasdaq Stock Market in the United States under the trading symbol "MEOH". Methanex can be visited online at www.methanex.com. Inquiries:Sarah HerriottDirect
VANCOUVER, British Columbia, April 30, 2025 (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 June 30, 2025, to holders of common shares of record on June 16, 2025. Methanex is a Vancouver-based, publicly traded company and is the world's largest supplier of methanol globally. 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 the trading symbol "MEOH". Methanex can be visited online at www.me
VANCOUVER, British Columbia, April 30, 2025 (GLOBE NEWSWIRE) -- Except where otherwise noted, all currency amounts are stated in United States dollars. Financial and Production Highlights Net income attributable to Methanex shareholders of $111 million and Adjusted EBITDA of $248 million in the first quarter. Our average realized price in the first quarter was $404 per tonne compared to $370 per tonne in the fourth quarter of 2024.Production in the first quarter was 1,619,000 tonnes compared to 1,868,000 tonnes in the fourth quarter of 2024. The lower production in the first quarter was due to a planned turnaround at Geismar 2 and an unplanned outage at Geismar 3, which was somewhat offs
VANCOUVER, British Columbia, March 09, 2025 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that its 1.8 million tonne methanol plant, Geismar 3 (G3), in Geismar, Louisiana was impacted by an unplanned outage in late February. Upon completing various inspections, management has decided to complete repairs to the autothermal reformer (ATR), and management currently estimates a plant startup by early May 2025. During this outage, management is taking the opportunity to bring forward the completion of other planned maintenance work on G3 which was part of a previously budgeted three-week outage which is no longer expected to be required. This outage is expecte
VANCOUVER, British Columbia, March 07, 2025 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) released its 2024 Sustainability Report today to share its progress on the sustainability topics that are most material to the company and its stakeholders. "I am proud of our global team's commitment to safety and Responsible Care® and our best-ever safety performance achievement in 2024. Our safety performance puts us in the top ten per cent for safety performance among the American Chemistry Council's Responsible Care members.1 The Sustainability Report outlines Methanex's 2024 activities, including how we protect and develop our people, minimize our impact on the environ
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SCHEDULE 13G/A - METHANEX CORP (0000886977) (Subject)
6-K - METHANEX CORP (0000886977) (Filer)
6-K - METHANEX CORP (0000886977) (Filer)
6-K - METHANEX CORP (0000886977) (Filer)
Analyst initiated coverage of Methanex with a rating of Neutral and set a new price target of $33.00
Piper Sandler upgraded Methanex from Neutral to Overweight and set a new price target of $48.00
Scotiabank upgraded Methanex from Sector Perform to Sector Outperform and set a new price target of $53.00
Piper Sandler downgraded Methanex from Overweight to Neutral and set a new price target of $36.00
Scotiabank downgraded Methanex from Sector Outperform to Sector Perform and set a new price target of $53.00
Barclays downgraded Methanex from Overweight to Equal Weight and set a new price target of $44.00 from $56.00 previously
Piper Sandler upgraded Methanex from Neutral to Overweight and set a new price target of $51.00 from $50.00 previously
UBS upgraded Methanex from Neutral to Buy and set a new price target of $60.00 from $51.00 previously
UBS upgraded Methanex from Sell to Neutral and set a new price target of $45.00 from $40.00 previously
Scotiabank upgraded Methanex from Sector Perform to Sector Outperform and set a new price target of $54.00 from $47.00 previously
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VANCOUVER, British Columbia, May 01, 2025 (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 May 1, 2025 in Vancouver, British Columbia. Voting Results from Annual General Meeting A total of 55,396,544 common shares were voted at the meeting, representing 82.2% 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 Arnell54,147,91099.75134,2950.25Jim Bertram53,834,30699.17447,
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
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
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,
VANCOUVER, British Columbia, April 29, 2022 (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 28, 2022 in Vancouver, British Columbia. Voting Results from Annual General Meeting A total of 61,242,426 common shares were voted at the meeting, representing 83.08% 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 Withheld% of Votes WithheldDouglas Arnell59,993,35499.92%48,2600.08James Bertram59,526
VANCOUVER, British Columbia, Dec. 14, 2021 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) is pleased to announce the appointment of Xiaoping Yang to its Board of Directors effective January 1, 2022. Ms. Yang brings a deep knowledge of doing business in China, manufacturing operations, commodity markets, and health and safety. Ms. Yang is a chemical engineer with over 30 years of international energy and petrochemical business experience in the USA and Asia. From 1990 to 2020 she held a variety of international executive roles at BP within the downstream and new energy businesses, including having accountability for its chemicals manufacturing operations and joint venture
VANCOUVER, BC / ACCESSWIRE / December 7, 2021 / Silver Elephant Mining Corp. ("Silver Elephant" or "the Company") (TSX:ELEF, OTCQX:SILEF, Frankfurt:1P2N))) announces the following management and director appointments to the Company's proposed spinout, Flying Nickel Mining Corp. ("Flying Nickel"). Flying Nickel is well financed having completed its recent $8.6 million equity offering and has applied with TSX Venture Exchange to list its common shares as soon as practicably possible.Dan Oosterman, CEO of Flying Nickel remarks:"Our experienced exploration, environmental, operational, and M&A executives will strive to advance the Minago project and take Flying Nickel to great heights in the Cana
VANCOUVER, British Columbia, April 30, 2021 (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 29, 2021 in Vancouver, British Columbia. Voting Results from Annual General Meeting A total of 59,353,231 common shares were voted at the meeting, representing 77.88% 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% ofVotesForVotesWithheld% of VotesWithheldDouglas Arnell45,465,97976.60%13,887,25223.40%James Bertram45,436,30
OCI Global ("OCI") announces successful completion of the sale of 100% of its equity interests in its Global Methanol Business ("OCI Methanol") to Methanex Corporation (TSX:MX) (NASDAQ:MEOH) ("Methanex"), (the "Transaction).The Transaction was valued at USD 1.6 billion on a cash-free debt-free basis comprising approximately USD 1.3 billion of cash, and the issuance of 9.9 million common shares of Methanex ("Methanex Shares"), valued at USD 346 million.OCI intends to launch the tender offer for its USD 600 million 6.700 per cent Notes due 2033 within five business days of the closing of the Transaction.OCI intends to return a further up to USD 1 billion through multiple channels of distributi
VANCOUVER, British Columbia, June 12, 2025 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that the regulatory review period under the U.S. Hart-Scott-Rodino Antitrust Act has lapsed. Accordingly, all regulatory approvals required for Methanex to close its previously announced acquisition of OCI Global's international methanol business have been obtained. The transaction is expected to close on June 27, 2025, and remains subject to the satisfaction of customary closing conditions. "We are pleased to have received regulatory clearance and look forward to closing the transaction and welcoming new team members to Methanex." said Rich Sumner, President and CE
VANCOUVER, British Columbia, April 30, 2025 (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 June 30, 2025, to holders of common shares of record on June 16, 2025. Methanex is a Vancouver-based, publicly traded company and is the world's largest supplier of methanol globally. 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 the trading symbol "MEOH". Methanex can be visited online at www.me
VANCOUVER, British Columbia, April 30, 2025 (GLOBE NEWSWIRE) -- Except where otherwise noted, all currency amounts are stated in United States dollars. Financial and Production Highlights Net income attributable to Methanex shareholders of $111 million and Adjusted EBITDA of $248 million in the first quarter. Our average realized price in the first quarter was $404 per tonne compared to $370 per tonne in the fourth quarter of 2024.Production in the first quarter was 1,619,000 tonnes compared to 1,868,000 tonnes in the fourth quarter of 2024. The lower production in the first quarter was due to a planned turnaround at Geismar 2 and an unplanned outage at Geismar 3, which was somewhat offs
VANCOUVER, British Columbia, Jan. 30, 2025 (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 March 31, 2025, to holders of common shares of record on March 17, 2025. Methanex 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 the trading symbol "ME
Except where otherwise noted, all currency amounts are stated in United States dollars. Financial and Production Highlights Net income attributable to Methanex shareholders of $45 million and Adjusted EBITDA of $224 million in the fourth quarter. Our average realized price in the fourth quarter was $370 per tonne compared to $356 per tonne in the third quarter of 2024.Full year 2024 net income attributable to Methanex shareholders of $164 million and Adjusted EBITDA of $764 million.Fourth quarter production of 1,868 kmt was higher than third quarter production of 1,347 kmt driven by higher production from Chile, New Zealand, Geismar, and Egypt.In 2024, $50 million was returned to sharehold
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
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
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
Except where otherwise noted, all currency amounts are stated in United States dollars. Net income attributable to Methanex shareholders of $35 million and Adjusted EBITDA of $164 million in the second quarter. Our average realized price in the second quarter was $352 per tonne compared to $343 per tonne in the first quarter of 2024.The repairs to the autothermal reformer are complete on the 1.8 million tonne methanol plant, Geismar 3 ("G3"). First methanol was successfully produced in late July and the plant is in the process of of ramping up to full rates. We have completed the repairs on the autothermal reformer and successfully operated the unit under design conditions. G3 will signific