Methanex ( (MEOH) ) has released its Q4 earnings. Here is a breakdown of the information Methanex presented to its investors.
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Methanex Corporation, headquartered in Vancouver, is the world’s largest producer and supplier of methanol, serving major international markets. The company operates within the chemicals sector, with a global footprint in methanol production facilities across several countries.
In its latest earnings report, Methanex reported a rise in both production and adjusted EBITDA for the fourth quarter of 2024. The company achieved a net income of $45 million, marking an improvement from the previous quarter’s $31 million. Additionally, the adjusted EBITDA reached $224 million, reflecting a robust financial performance driven by increased methanol prices and production levels.
Key financial highlights include a full-year net income of $164 million and adjusted EBITDA of $764 million. Methanex’s production for the quarter was 1,868,000 tonnes, a significant increase from the third quarter’s 1,347,000 tonnes, attributed to higher outputs in regions such as Chile, New Zealand, Geismar, and Egypt. The company also completed significant financial initiatives, including the financing for the acquisition of OCI Global’s methanol business and the repayment of a $300 million bond.
Methanex’s strategic focus remains on operating its assets efficiently and integrating the newly acquired OCI business, with an emphasis on generating strong cash flows to decrease leverage. The company maintains a strong liquidity position, with $892 million in cash, positioning it well to support future growth initiatives.
Looking ahead, Methanex anticipates a significant increase in adjusted EBITDA in the first quarter of 2025, driven by stable production levels and higher realized methanol prices. The company remains optimistic about its ability to deliver strong financial results amid fluctuating market conditions, with expected production guidance of approximately 7.5 million tonnes for 2025.
