Canada's Methanex Q2 revenue and adjusted EPS rise less than expected

Methanex

28/07/2026 22:11

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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(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.)