Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities. The company owns and manages a fleet of approximately 30 ocean-going vessels. It serves chemical and petrochemical producers. Methanex Corporation was incorporated in 1968 and is headquartered in Vancouver, Canada.

Methanex Corporation

Methanex Corporation is the world’s largest producer and supplier of methanol to major international markets in North America, Asia Pacific, Europe and Latin America. Methanex is a Vancouver, Canada-based, publicly traded company with shares listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX"​; on the NASDAQ Global Market in the United States under the trading symbol "MEOH"​.

Methanol, a liquid chemical produced primarily from natural gas, is used as a chemical feedstock in the manufacture of a range of consumer and industrial products, such as building materials, foams, resins, and plastics, as well as in the production of methyl tertiary-butyl ether; and energy applications.

Methanex can be visited online at http://www.methanex.com.

Happy Lunar New Year 2024! Wishing you peace, health and happiness in the Year of the Dragon! #YearOfTheDragon #LunarNewYear

Yesterday, we reported earnings results for Q4 2023. Highlights include Adjusted EBITDA of $148 million. Our Geismar 3 (G3) plant is in the start-up process, and we expect it to ramp up to full rates over February. G3 will have one of the lowest emission intensity profiles in the industry and will significantly enhance our cash flow capability at a range of methanol prices. 
 
Find the press release and earnings call playback here: https://lnkd.in/gBbFMH5W 

Last week, two of our team members spoke on separate panels at The Energy Chamber of Trinidad and Tobago Energy Conference 2024.

Paul Hexter, President of our Waterfront Shipping subsidiary, spoke about the role methanol can play in the energy transition of the maritime industry. Waterfront Shipping continues to play a leadership role in the maritime industry, pioneering the use of methanol as a marine fuel, including in the areas of transporting, storing, and bunkering safely.

Amrit Ramnanan, Maintenance Manager for our Trinidad plant site, spoke on a young leaders’ panel and highlighted Trinidad and Tobago’s ability to leverage methanol as a pathway to a low-carbon economy, especially given the country’s experience in the methanol industry for over 20 years. 

In Trinidad and Tobago, these discussions are important given the region’s burgeoning energy sector and its strategic geographic location for transshipment and logistics activities, as well as the strong support from its government to become a hub for bunkering methanol as a marine fuel.  

The conference is widely recognized and attended by over 1,100 delegates from the energy industry, including policymakers, service companies and academia. 

Methanol is essential to everyday life today, and a pathway to a low-carbon future tomorrow. As a key chemical building block or as a fuel, when made from renewable sources, methanol can help society achieve its decarbonization goals.
https://lnkd.in/gsirEQNU


We believe our business should have a positive impact on people’s lives. In addition to creating jobs and economic opportunities, we are committed to building and supporting healthy communities that are great places to live and work. That belief extends beyond our communities to our industry, too.

For example, in Trinidad and Tobago, we partnered with Caribbean Ideas Limited and the National Gas Company of Trinidad and Tobago to launch a sustainable education platform, Sustain-U. In Egypt, we signed a new agreement with the International Labour Organization (ILO) to invest USD $2 million in Damietta, Egypt, to support an additional 1,000 new jobs. In Chile, we made investments to improve infrastructure at three local schools for children with special needs.

For industry, our subsidiary, Waterfront Shipping, hosted its first expanded-scope Methanol Group safety and industry best practices event in 2023.

Learn more about our approach to social responsibility: https://lnkd.in/gJ6HmQGE
 

	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	3.22B -	2.23B 30.95%	2.00B 10.21%	3.06B 53.15%	3.93B 28.46%	2.78B 29.18%	2.65B 4.83%	4.41B 66.59%	4.31B 2.34%	3.72B 13.63%
cost of revenue	2.43B -	1.86B 23.41%	1.77B 4.49%	2.35B 32.55%	2.86B 21.47%	2.30B 19.46%	2.36B 2.36%	3.34B 41.80%	3.45B 3.19%	3.07B 10.97%
gross profit	797.58M -	367.70M 53.90%	224M 39.08%	708.69M 216.38%	1.07B 51.68%	483.58M 55.01%	294.84M 39.03%	1.08B 264.62%	865.09M 19.53%	655.40M 24.24%
selling and marketing expenses
general and administrative expenses	124.11M -	113.63M 8.45%	204.76M 80.21%	243.71M 19.02%	182.52M 25.11%	184.17M 0.91%	246.78M 33.99%	210.85M 14.56%
selling general and administrative expenses	124.11M -	113.63M 8.45%	204.76M 80.21%	243.71M 19.02%	182.52M 25.11%	184.17M 0.91%	246.78M 33.99%	210.85M 14.56%
research and development expenses
other expenses	309.96M -	292.69M 5.57%	305.56M 4.40%	328.67M 7.56%	328.90M 0.07%	159.96M 51.37%	110.35M 31.01%	152.24M 37.96%	254.47M 67.16%
cost and expenses	2.57B -	2.05B 20.08%	2.00B 2.45%	2.58B 29.05%	3.10B 20.05%	2.65B 14.74%	2.71B 2.54%	3.70B 36.51%	3.70B 0.05%	3.46B 6.50%
operating expenses	142.74M -	194.85M 36.51%	228.05M 17.04%	232.22M 1.83%	245.30M 5.63%	344.13M 40.29%	357.13M 3.78%	363.08M 1.67%	254.47M 29.91%	391.83M 53.98%
interest expense	44.33M -	76.35M 72.23%	90.06M 17.96%	94.95M 5.44%	94.42M 0.57%	124.43M 31.78%	164.84M 32.48%	144.41M 12.39%	131M 9.28%	117.37M 10.41%
ebitda	806.71M -	419.55M 47.99%	248.11M 40.86%	798.07M 221.66%	1.15B 44.25%	539.39M 53.14%	324.69M 39.80%	1.17B 261.52%	1.09B 7.52%	794.81M 26.78%
operating income	696.84M -	237.85M 65.87%	28.45M 88.04%	476.47M 1,574.99%	829.62M 74.12%	189.45M 77.16%	-32.43M 117.12%	711.97M 2,295.12%	610.61M 14.24%	263.57M 56.83%
depreciation and amortization	142.74M -	194.85M 36.51%	228.05M 17.04%	232.22M 1.83%	245.30M 5.63%	349.94M 42.66%	357.13M 2.05%	461.86M 29.33%	474.95M 2.83%	391.83M 17.50%
total other income expenses net	51.13M -	116.84M 128.51%	52.43M 55.13%	76.00M 44.95%	72.00M 5.26%	-68.61M 195.29%	-155.00M 125.91%	-45.63M 70.56%	-28.47M 37.61%	99.47M 449.42%
income before tax	661.64M -	213.35M 67.75%	-37.50M 117.58%	470.88M 1,355.56%	811.48M 72.33%	120.84M 85.11%	-187.43M 255.11%	666.34M 455.51%	582.15M 12.63%	285.61M 50.94%
income tax expense	155.34M -	11.00M 92.92%	-9.28M 184.38%	95.79M 1,132.31%	153.49M 60.24%	4.47M 97.09%	-62.10M 1,488.13%	110.43M 277.81%	119.86M 8.54%	1.49M 98.76%
net income	454.61M -	200.62M 55.87%	-12.54M 106.25%	316.13M 2,620.01%	568.98M 79.98%	87.77M 84.57%	-125.33M 242.80%	482.36M 484.88%	353.83M 26.65%	174.14M 50.78%
weighted average shs out	95.00M -	90.65M 4.58%	89.78M 0.95%	86.77M 3.36%	80.49M 7.23%	76.59M 4.85%	76.06M 0.70%	76.04M 0.02%	71.42M 6.07%	67.81M 5.06%
weighted average shs out dil	96.19M -	91.35M 5.04%	89.78M 1.71%	86.82M 3.30%	80.89M 6.84%	76.69M 5.19%	76.20M 0.65%	76.24M 0.06%	71.68M 5.99%	67.81M 5.40%
eps	4.79 -	2.21 53.86%	-0.14 106.33%	3.64 2,700%	7.07 94.23%	1.15 83.73%	-1.65 243.48%	6.34 484.24%	4.95 21.92%	2.57 48.08%
epsdiluted	4.55 -	2.01 55.82%	-0.14 106.97%	3.64 2,700%	7.03 93.13%	1.14 83.78%	-1.64 243.86%	6.13 473.78%	4.86 20.72%	2.57 47.12%

COM:METHANEX

Methanex Corporation

Last Close

63.57

22/11 21:00

Market Cap

4.57B

Beta: -

Volume Today

134.76K

Avg: -

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