Q3 2026 Financial Results

Methanex reported net income of $265 million and Adjusted EBITDA of $543 million for the third quarter of 2026.

Higher Methanol Prices

Average realized price reached $510 per tonne in Q3 2026, up from $529 per tonne in Q2 2026.

Record North American Production

Produced 2,143,000 tonnes of methanol in Q3 2026, a record for North America.

New Zealand Gas Agreement

Announced agreement to sell New Zealand natural gas contractual entitlements starting Q1 2027, with $10 million restructuring accrual.

Strong Cash Flow

Generated $646 million cash flow from operations and returned $14 million to shareholders via dividends.

Bond Redemption Plan

Provided notice to redeem $300 million of $700 million bonds due in October 2027 and expect to redeem remaining $400 million in Q4 2026.

Share Repurchase Plan

Approved 5% normal course issuer bid to repurchase up to 3,868,213 shares through November 3, 2.027.

CEO Statement

President & CEO Rich Sumner noted the Middle East conflict's impact on methanol pricing and strong North American operations.

“The Middle East conflict’s dramatic impact on the methanol industry persisted through the third quarter, with the significant loss of industry supply supporting ongoing pricing strength. Our enhanced asset base continued to run well, particularly in North America, helping to drive another quarter of strong Adjusted EBITDA and cash flow. We remain focused on operating our assets and supply chain safely and reliably as we continue to navigate dynamic conditions.”