Methanex Reports Third Quarter 2024 Results

Except where otherwise noted, all currency amounts are stated in United States dollars.

Financial and Production Highlights

VANCOUVER, British Columbia, Nov. 06, 2024 (GLOBE NEWSWIRE) -- For the third quarter of 2024, Methanex (TSX:MX) (NASDAQ:MEOH) reported net income attributable to Methanex shareholders of $31 million ($0.35 net income per common share on a diluted basis) compared to net income of $35 million ($0.52 net income per common share on a diluted basis) in the second quarter of 2024. Net income in the third quarter of 2024 was similar compared to the prior quarter. Adjusted EBITDA for the third quarter of 2024 was $216 million and Adjusted net income was $82 million ($1.21 Adjusted net income per common share). This compares with Adjusted EBITDA of $164 million and Adjusted net income of $42 million ($0.62 Adjusted net income per common share) for the second quarter of 2024.

Read more at globenewswire.com