Strong Financial Performance in Q1 2025
Methanex reported an average realized price of $404 per ton and produced sales of approximately 1.7 million tons, generating adjusted EBITDA of $248 million and adjusted net income of $1.30 per share.
Successful Restart of Geismar 3 (G3) Plant
The G3 plant successfully restarted and has begun producing methanol, following a planned turnaround at G2 and addressing an unplanned outage at G3.
Positive Developments in Chilean Operations
Both plants in Chile have been operating at full rates, with increased production due to better reliability and removal of a technical constraint.
Stable Financial Position and Acquisition Progress
Methanex ended Q1 with $1.031 billion of cash and continued access to a $500 million undrawn revolving credit facility. The company is progressing with the OCI acquisition, expected to close in Q2 2025.