Methanex posts record Q3 profit, launches 5% share buyback and plans NZ plant idling
Methanex reported third‑quarter 2026 net income of $265 million and adjusted EBITDA of $543 million, driven by an average realized methanol price of $510 per tonne. The company produced a record 2.143 million tonnes in North America and announced a $10 million restructuring accrual to idle its New Zealand facilities in Q1 2027. It generated $646 million of operating cash flow, returned $14 million in dividends, redeemed $300 million of 2027 notes and approved a normal‑course issuer bid to repurchase up to 5% of its shares (about 3.87 million shares).
Why it matters
The company expects average realized prices of $525‑$550 per tonne in October‑November, which should lift Q4 adjusted EBITDA above Q3 levels. It will use cash to reduce debt and fund the share buyback, supporting shareholder returns.
Key facts
- 1Net income attributable to shareholders was $265 million. stocktitan.net
- 2Adjusted EBITDA for the quarter was $543 million. stocktitan.net
- 3Average realized price was $510 per tonne. stocktitan.net
- 4Methanol production in North America reached 2,143,000 tonnes. stocktitan.net
- 5A $10 million restructuring accrual was recorded for idling New Zealand facilities. stocktitan.net
- 6Operating cash flow was $646 million. stocktitan.net
Summary written by AlphAI AI Desk from 11 of 11 sources. Not investment advice. Figures are as stated by the linked sources.