Methanex Forecasts Higher Methanol Prices for Q4 and Announces Share Buyback Program
Methanex (MEOH) reported strong third-quarter financial results, achieving an adjusted EBITDA of $543 million and an adjusted net income of $284 million. The company's performance was driven by the sale of 2.3 million tonnes of methanol at an average realized price of $510 per tonne during the quarter. Looking ahead to the October-November period, management expressed optimism regarding pricing trends, forecasting a realized price range between $525 and $550 per tonne. Additionally, the company announced plans to launch a share buyback program of up to 5% of its outstanding shares, signaling confidence in its capital allocation strategy and future cash flows.
Tickers: $MEOH
Topics: EBITDA methanol prices net income production volume
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Part of the story Methanex Reports Strong Q3 2026 Earnings Driven by Middle East Supply Disruptions (2 articles)