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Stock impact report

Methanex (MEOH) Provides Update on Egypt Methanol Operations [Yahoo! Finance]

Methanex Corporation (MEOH) 
Last methanex corporation earnings: 1/29 05:01 pm Check Earnings Report
US:NASDAQ Investor Relations: methanex.com/investor-relations
Company Research Source: Yahoo! Finance
its 1.26-million-ton Egypt methanol production facility (Methanex 50% equity interest of 0.63 million tons per annum). The facility has since been taken from operation and is being repaired on an accelerated basis at the manufacturer overseas. The company now expects production to restart toward the end of the first quarter of 2024. Egypt produced 320,000 tons in the third quarter of 2023 (MEOH interest - 160,000 tons), compared with 326,000 tons (Methanex interest - 163,000 tons) in the previous quarter. Shares of Methanex have gained 9% over the past year against a 14.7% decline of its industry. Image Source: Zacks Investment Research Methanex logged third-quarter 2023 adjusted earnings of 2 cents per share compared with 69 cents in the year-ago quarter. Third-quarter production was 1,545,000 tons, up around 23.4% from the previous year. The third quarter's total sales volume was 2,720,000 tons, which was more than 2,677,000 tons in the prior-year quarter. Methanex antic Show less Read more
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