A maker of methanol — a versatile chemical used in plastics, paints, plywood, and even boat fuel — and one of the world's largest producers of it. The Vancouver-based company grew out of Ocelot Industries, a Canadian oil-and-gas firm, and split off as its own business in 1982. Its name is a portmanteau of "methanol" and the "-ex" from its Ocelot roots, and it even runs its own fleet of ocean tankers to ship the stuff worldwide.
Methanex's Natgasoline JV prices $290.95M tax-exempt bond refinancing at 4.75%
Natgasoline LLC, a 50/50 JV with Consolidated Energy Limited, priced $290,950,000 of tax-exempt bonds issued by Mission Economic Development Corporation.
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The 2026 Bonds have a mandatory tender date of August 1, 2036, and a final maturity of August 1, 2046, with a coupon rate of 4.75%.
Proceeds will repay the existing $290,950,000 Natgasoline municipal bonds issued in 2018, which mature in 2031.
Closing is expected on or about August 28, 2026, subject to customary closing conditions.
The refinancing defers mandatory amortization payments and may allow the JV to repay higher-cost borrowings.
Methanex reports Q2 2026 net income of $198M, record North American production
Net income attributable to Methanex shareholders was $198 million ($2.45 per diluted share) in Q2 2026, versus a net loss of $14 million in Q1 2026.
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Adjusted EBITDA was $577 million and Adjusted net income was $300 million ($3.87 per share) in Q2 2026.
Average realized price was $529 per tonne in Q2 2026, up from $351 per tonne in Q1 2026; Q3 2026 average realized price expected to be $460-$485 per tonne.
Methanol production was 2,213,000 tonnes in Q2 2026, including a record 1,027,000 tonnes at Geismar; full-year 2026 production expected to be about 9.0 million tonnes.
Announced indefinite idling of the Titan plant in Trinidad, resulting in a $115 million non-cash asset impairment charge and a $12 million restructuring accrual.
Repaid the remaining $290 million of Term Loan A and ended Q2 2026 with $383 million in cash.
Methanex to indefinitely idle Titan methanol plant in Trinidad and Tobago after failing to secure new gas contract
Titan's existing natural gas contract expires in the third quarter of 2026; the plant will undergo a preservation process to allow for a potential future restart if conditions improve.
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Methanex announced it could not agree to a new natural gas contract for its Titan methanol plant in Trinidad and Tobago (860,000 tonnes per year capacity) and will begin indefinitely idling the facility.
The Atlas methanol plant, a joint venture in which Methanex holds a 63.1% economic interest, remains indefinitely idled in a preserved state.
Titan is not currently contributing to Methanex's Adjusted EBITDA or Adjusted Free Cash Flow, and the company does not expect material cash costs from this decision.
Methanex will provide any updates to production or financial guidance with its regular second quarter financial communications scheduled for July 28, 2026.
Methanex reports Q1 2026 net loss of $14M, adjusted EBITDA of $220M
Net loss attributable to Methanex shareholders was $14 million ($0.18 per share diluted) for Q1 2026, compared to a net loss of $89 million in Q4 2025.
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Adjusted EBITDA was $220 million and adjusted net income was $23 million ($0.30 per share) for Q1 2026.
Average realized price was $351 per tonne in Q1 2026, up from $331 in Q4 2025; April and May posted prices suggest a range of $500-$525 per tonne.
Methanol production was 2,391,000 tonnes in Q1 2026, slightly above Q4 2025's 2,364,000 tonnes.
Repaid $60 million of Term Loan A and paid $14 million in dividends; ended Q1 with $379 million cash.
Methanex announces hybrid annual general meeting for April 30, 2026
Methanex Corporation will hold its Annual General Meeting on Thursday, April 30, 2026, at 10:00 am Pacific Time, in a hybrid format (in-person in Vancouver and online via live audio webcast).
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Shareholders will vote on receiving the consolidated financial statements for the year ended December 31, 2025, electing directors, reappointing auditors, and an advisory 'say on pay' resolution on executive compensation.
The record date for voting is March 2, 2026; as of March 9, 2026, there were 77,339,520 common shares outstanding.
M&G Investment Management Limited owns 16.5% and OCI N.V. owns 12.9% of the outstanding common shares.
Proxies must be received by 10:00 am PT on April 28, 2026, or 48 hours before the meeting, whichever applies.