Quarterly ResultApr 29, 2026, 05:03 PM
MEOH Q1 Net Loss $(14)M; Adj EBITDA $220M; Price Outlook Strong
AI Summary
Methanex reported a net loss of $14 million for Q1 2026, a significant improvement from the $89 million net loss in Q4 2025. Adjusted EBITDA rose to $220 million, and Adjusted net income reached $23 million. The company saw an increase in its average realized price to $351 per tonne and anticipates further price increases to $500-$525 per tonne for April and May. Methanex also repaid $60 million of its Term Loan A and returned $14 million to shareholders through dividends.
Key Highlights
- Q1 2026 net loss attributable to shareholders was $(14) million, improving from $(89) million in Q4 2025.
- Adjusted EBITDA increased to $220 million in Q1 2026 from $186 million in Q4 2025.
- Adjusted net income was $23 million in Q1 2026, up from an $(11) million adjusted net loss in Q4 2025.
- Average realized price rose to $351 per tonne in Q1 2026, with April/May expected at $500-$525 per tonne.
- Methanol production was 2,391,000 tonnes in Q1 2026, a slight increase from 2,364,000 tonnes in Q4 2025.
- Repaid $60 million of Term Loan A and returned $14 million to shareholders via dividends.
- Ended Q1 2026 with a cash balance of $379 million.