Methanex Q2 Net Income Soars to $198M on Record Production and Higher Methanol Prices
MEOH sits 69% above its 52-week low of $32.
Summary
Methanex swung to a $198M net profit in Q2 2026 from a $14M loss in Q1, driven by a 51% jump in average realized methanol prices to $529/tonne and record North American production exceeding 1M tonnes at Geismar. Adjusted EBITDA hit $577M, more than double the prior quarter, as the company capitalized on supply disruptions from the Middle East conflict. The Titan plant in Trinidad was indefinitely idled, triggering a $115M non-cash impairment and $12M restructuring charge, but cash flow remained robust at $439M, allowing full repayment of the $290M Term Loan A. With $383M in cash and debt reduced, the balance sheet is stronger, though management flagged price moderation to $460-$485/tonne for July-August. This follows the Q1 return to profitability and the Titan idling announcement in June, confirming the strategic pivot to higher-margin North American assets.
At the time of this announcement, MEOH was trading at $53.99 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $4.1B. The 52-week trading range was $32.00 to $66.75. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.