Earnings ·
Methanex reported second quarter 2026 net income of $198 million, a significant increase from a $14 million net loss…
MEOHMethanex Corp
Methanex reported second quarter 2026 net income of $198 million, a significant increase from a $14 million net loss in the prior quarter, driven by a higher average realized price of $529 per tonne. Adjusted EBITDA reached $577 million. The company announced the indefinite idling of its Titan plant in Trinidad and Tobago, resulting in a $115 million non-cash asset impairment charge and a $12 million restructuring accrual. Methanex also fully repaid its $290 million Term Loan A. Production for the quarter was 2,213,000 tonnes of methanol. Methanex is a chemical company that produces and supplies methanol globally.