Quarterly ResultJul 28, 2026, 05:12 PM
Methanex Q2 Net Income $198M, Record North American Production; Titan Plant Idled
AI Summary
Methanex reported strong Q2 2026 results with net income attributable to shareholders of $198 million and record Adjusted EBITDA of $577 million, driven by higher methanol pricing and robust North American production. The company announced the indefinite idling of its Titan plant in Trinidad, incurring a $115 million non-cash asset impairment charge and a $12 million restructuring accrual. Methanex generated $439 million in cash flows from operations, fully repaid its $290 million Term Loan A, and maintained a strong liquidity position with $383 million in cash. For Q3, the company anticipates lower Adjusted EBITDA due to an expected decrease in average realized price.
Key Highlights
- Indefinite idling of Titan plant in Trinidad, resulting in a $115 million non-cash asset impairment (net of tax) and a $12 million restructuring accrual.
- Net income attributable to Methanex shareholders was $198 million in Q2 2026, up from a $14 million net loss in Q1 2026.
- Adjusted EBITDA reached a record $577 million in Q2 2026, significantly up from $220 million in Q1 2026.
- Average realized price was $529 per tonne in Q2 2026, compared to $351 per tonne in Q1 2026.
- Produced 2,213,000 tonnes of methanol in Q2 2026, including a record 1,027,000 tonnes at the Geismar site.
- Generated $439 million in cash flows from operating activities.
- Repaid the remaining $290 million of the Term Loan A loan, ending the quarter with $383 million in cash.
- Expected average realized price for July and August 2026 is approximately $460 to $485 per tonne, leading to anticipated lower Adjusted EBITDA in Q3.
Price Impact
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