Methanex Reports Higher First Quarter 2024 Earnings as Methanol Prices Increase [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
Net income attributable to Methanex shareholders of $53 million and Adjusted EBITDA of $160 million in the first quarter. Our average realized price in the first quarter was $343 per tonne compared to $322 per tonne in the fourth quarter of 2023. Work is progressing to safely repair the Geismar 3 ("G3") plant and we believe that the plant is on track to start up in the third quarter of 2024. Repair costs are expected to be $15 million and the total capital cost for the project is expected to remain at approximately $1.30 billion. The remaining capital cost of $70 million is fully funded with cash on hand. The operating cost impact of the delay is approximately $5 million per month and in the first quarter delay costs were approximately $25 million due to take-or-pay on utilities contracts, the organization build-up of fixed costs, and the accounting recognition of over-hedged gas costs. These operating costs are included in Adjusted EBITDA. Successfully completed repairs at the E
Show less
Read more
Impact Snapshot
Event Time:
MEOH
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MEOH alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MEOH alerts
High impacting Methanex Corporation news events
Weekly update
A roundup of the hottest topics
MEOH
News
- Did Methanex Corporation Mislead Investors? Shareholder Rights Advocates at Levi & Korsinsky Investigate – MEOHAccesswire
- Methanex Corporation (NASDAQ:MEOH) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Methanex Co. (NASDAQ: MEOH) had its price target raised by analysts at Scotiabank from $54.00 to $58.00. They now have a "sector outperform" rating on the stock.MarketBeat
- Methanex Co. (NASDAQ: MEOH) had its price target raised by analysts at Royal Bank of Canada from $45.00 to $50.00. They now have a "sector perform" rating on the stock.MarketBeat
- Methanex Reports on Annual General Meeting of Shareholders and Welcomes Roger Perreault to Its Board of Directors [Yahoo! Finance]Yahoo! Finance
MEOH
Earnings
- 4/24/24 - Beat
MEOH
Sec Filings
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/24/24 - Form 6-K
- MEOH's page on the SEC website