Canada's Methanex Q2 revenue and adjusted EPS rise less than expected
Reuters2026/07/28 21:11
Overview
Canada methanol producer's Q2 revenue, adjusted EPS and EBITDA missed analyst expectations
Record adjusted EBITDA driven by higher realized prices and strong North American output
Company indefinitely idled Titan plant in Trinidad, recording $115 mln asset impairment charge
Outlook
Methanex expects 2026 methanol production of about 9.0 mln tonnes and ammonia at 0.3 mln tonnes
Company expects July-Aug average realized price between $460 and $485 per tonne
Methanex expects lower Adjusted EBITDA in Q3 due to lower realized price and similar sales
Result Drivers
HIGHER REALIZED PRICES - Co said record adjusted EBITDA was largely due to higher methanol prices following significant industry supply losses
NORTH AMERICAN OUTPUT - Strong production at Geismar and Medicine Hat supported results, offsetting declines elsewhere
REGIONAL PRODUCTION DECLINES - Output fell in Chile, New Zealand and Trinidad due to gas constraints, planned outages and unplanned disruptions
Company press release: ID:nGNX8KVfgc
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q2 Revenue |
Miss |
$1.4 bln |
$1.46 bln (6 Analysts) |
Q2 Adjusted EPS |
Miss |
$3.87 |
$3.99 (7 Analysts) |
Q2 EPS |
|
$2.45 |
|
Q2 Adjusted Net Income |
Miss |
$300 mln |
$315.67 mln (3 Analysts) |
Q2 Net Income |
|
$198 mln |
|
Q2 Adjusted EBITDA |
Miss |
$577 mln |
$583.79 mln (6 Analysts) |
Q2 Basic EPS |
|
$2.56 |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commodity chemicals peer group is "buy"
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 13 three months ago
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July 28 - Air Liquide reaffirms margin targets as investors await backlog payoff
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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