Methanex ( (TSE:MX) ) has issued an update.
In the first quarter of 2025, Methanex Corporation reported a net income of $111 million and an Adjusted EBITDA of $248 million, reflecting a strong financial performance compared to the previous quarter. The company experienced a decrease in production due to planned and unplanned outages but expects to resume production at Geismar 3 by early May 2025. Methanex is also set to complete the acquisition of OCI Global’s methanol business later in the second quarter, which includes two major facilities in Texas. Despite challenges, Methanex returned $12.5 million to shareholders through dividends and ended the quarter with substantial cash reserves, positioning itself well for future growth.
Spark’s Take on TSE:MX Stock
According to Spark, TipRanks’ AI Analyst, TSE:MX is a Neutral.
Methanex’s overall score of 65 reflects its stable financial position and positive earnings call sentiment, indicating strong cash flow and operational improvements. However, technical analysis shows bearish trends, and challenges in gas supply could affect future performance. Valuation remains attractive, providing some support to the stock.
To see Spark’s full report on TSE:MX stock, click here.
More about Methanex
Methanex Corporation operates in the chemical industry, primarily focusing on the production and supply of methanol. The company is involved in methanol production through various facilities and holds a significant market position in the global methanol industry.
YTD Price Performance: -36.72%
Average Trading Volume: 562,327
Technical Sentiment Signal: Buy
Current Market Cap: $2.12B
For a thorough assessment of MX stock, go to TipRanks’ Stock Analysis page.