Reports Q4 revenue $986M, consensus $935.9M. Rich Sumner, President & CEO of Methanex, said, "I am excited to be taking over as Methanex’s President and CEO heading into 2023. As a team we have an opportunity to create significant shareholder value by bringing G3 online safely, on time and on budget. Looking forward to 2023 we see continued balanced supply/demand fundamentals with a high energy price environment supporting the methanol cost curve and demand. We are well-positioned with our strong balance sheet and high level of liquidity to navigate any macro economic uncertainty. I look forward to continuing to advance our strategy of market leadership and unlocking additional value with the team in the coming years."
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on MEOH:
- Methanex Reports Fourth Quarter 2022 Results
- Methanex Corporation – Notice of Cash Dividend
- Methanex, Stena Line and Port of Gothenburg Achieve New Methanol Marine Fuel Milestone
- Methanex Corporation Participated in the 26th Annual CIBC Western Institutional Investor Conference
- Methanex price target lowered to $47 from $56 at Jefferies