Brief: Methanex Posts Q1 EPS Of $1.60

Methanex

27/04/2022 23:08

April 27 (Reuters) - Methanex Corp  MX.TO :
    * METHANEX REPORTS EXCELLENT FIRST QUARTER 2022 RESULTS
    * QTRLY DILUTED NET INCOME PER COMMON SHARE $1.60
    * Q1 ADJUSTED EARNINGS PER SHARE $2.16
    * AVERAGE REALIZED PRICE $425 PER TONNE IN Q1 2022 COMPARED
TO
$363 PER TONNE IN THE Q1 2021
    * QTRLY REVENUE $1,176     MILLION VERSUS $1,016 MILLION
    * QTRLY PRODUCTION ATTRIBUTABLE TO METHANEX SHAREHOLDERS 
1.8
MILLION TONNES
    * BASED ON OUR OUTLOOK FOR NATURAL GAS IN NEW ZEALAND, WE
ESTIMATE
PRODUCTION FOR 2022 TO BE APPROXIMATELY 1.5 MILLION TONNES
    * Q1 EARNINGS PER SHARE VIEW $2.01, REVENUE VIEW $1.18
BILLION --
REFINITIV IBES DATA
    * QTRLY SALES VOLUME OF METHANEX-PRODUCED METHANOL 1.8
MILLION
TONNES

Source text for Eikon:  ID:nGNXbxCJbN 
Further company coverage:  MX.TO 

 ((Reuters.Briefs@thomsonreuters.com;))