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Methanex (MEOH)
:MEOH
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.07Last Year’s EPS
0.49Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: 23.81%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook with notable improvements in key financial metrics and operational achievements, particularly the successful performance of the G3 plant and strategic gas contract extensions in Chile. However, challenges such as plant idling in New Zealand due to gas constraints and temporary operational issues in Egypt highlight ongoing operational challenges.Company Guidance
During the Methanex Corporation Q3 2024 earnings call, the company provided guidance on several key metrics. The average realized methanol price was $356 per metric ton, a $4 increase from the previous quarter, contributing to an adjusted EBITDA of $216 million and an adjusted net income of $1.21 per share. Methanex's equity production for Q4 2024 is expected to be approximately 1.9 million tonnes. The company also reported a cash balance of approximately $490 million and plans to repay a $300 million bond due on December 1, 2024, which will bring its debt to adjusted EBITDA leverage ratio to just under 3x at a $350 per tonne realized price. Methanex aims to return to its pre-OCI deal leverage level by repaying $550 million to $600 million over the next 18 months, assuming a $350 realized methanol price. Additionally, Methanex noted that its fourth-quarter European quarterly price was posted at EUR 570 per tonne, with North American and Asia Pacific prices also seeing increases.Increased Adjusted EBITDA and Net Income
Adjusted EBITDA reached $216 million, and adjusted net income was $1.21 per share, both reflecting improvements due to higher realized prices and successful insurance recovery in Egypt.
Successful Performance of G3 Plant
The G3 plant completed commercial and technical performance tests, producing approximately 154,000 tons over 30 days, equating to a 1.8 million tonnes per annum production rate.
Extension of Gas Contracts in Chile
Methanex secured extensions for two gas contracts in Chile, ensuring 55% of gas needs until 2030 and 2027, respectively, on similar economic terms.
Strong Financial Position
The company ended Q3 with $490 million in cash and an undrawn $500 million credit facility, positioning them to repay a $300 million bond by December 1, 2024.
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MEOH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MEOH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $38.81 | $41.67 | +7.37% |
| Jul 30, 2024 | $46.26 | $48.16 | +4.11% |
| Apr 24, 2024 | $47.11 | $47.17 | +0.13% |
| Jan 31, 2024 | $43.57 | $45.20 | +3.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Methanex (MEOH) report earnings?
Methanex (MEOH) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Methanex (MEOH) earnings time?
Methanex (MEOH) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MEOH EPS forecast?
MEOH EPS forecast for the fiscal quarter 2024 (Q4) is 1.07.
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