Methanex Reports Higher First Quarter 2024 Earnings as Methanol Prices Increase
MEOHMethanex(MEOH) Newsfilter·2024-04-25 05:03

Except where otherwise noted, all currency amounts are stated in United States dollars. Net income attributable to Methanex shareholders of 53millionandAdjustedEBITDAof53 million and Adjusted EBITDA of 160 million in the first quarter. Our average realized price in the first quarter was 343pertonnecomparedto343 per tonne compared to 322 per tonne in the fourth quarter of 2023. Work is progressing to safely repair the Geismar 3 ("G3") plant and we believe that the plant is on track to start up in the third quarter of 2024. Repair costs are expected to ...