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Methanex reports Q2 adjusted EPS 62c, consensus 54c

Reports Q2 revenue $920M, consensus $960.15M. Rich Sumner, president & CEO of Methanex, said, “I am excited to announce another quarter of solid financial results and first methanol production at G3. The safety performance of our team and partners on the G3 project has been outstanding and I would like to extend my personal thanks to the team for their hard work and dedication to completing this project safely. As G3 ramps up to full rates and is incorporated into our supply chain, we expect to see strong cash flow contribution which will further enhance our business.”

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