MEOH Earnings Prediction
The chart below shows how MEOH performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MEOH sees a +1.76% change in stock price 10 days leading up to the earnings, and a +0.97% change 10 days following the report. On the earnings day itself, the stock moves by -1.13%. This data can give you a slight idea of what to expect for the next quarter's release.
MEOH Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
934.80M
13.55%
1.57%
Gross Margin
4.41%
822.95%
-45.96%
Operating Margin
4.41%
822.95%
-45.96%
Net Margin
6.94%
30.94%
0.29%
EPS
0.35
-2.78%
-32.69%
No Data Available
MEOH Earnings Analysis
Methanex Corp Corporation (MEOH.O) Earnings Conference Call
Positive
Quarterly Sales and Earnings: The third quarter average price of $356 per ton produced sales of approximately 1.4 million tons generated adjusted EBITDA of $216 million and adjusted net income of $1.21 per share.
Adjusted EBITDA Increase: Adjusted EBITDA was higher than the second quarter of 2024 primarily due to the gas sales, and the team was commended for taking a safety and reliability-based approach to ramping up G3 to operate at full rates for the long term.
Global Methanol Price Stability: The third quarter global average realized price was $356 per metric ton, $4 higher than the previous quarter, indicating a stable global methanol demand compared to the second quarter.
MTO Operating Rate Increase: Methanol to Olefins operating rates increased throughout the quarter as supply improved, with the MTO industry operating at around 90% operating rates by the end of the quarter.
Cash and Credit Access: The company ended the third quarter with approximately $490 million of cash and continued access to its $500 million undrawn revolving credit facility.
Negative
Q3 Financial Performance: The third quarter average price of $356 per ton produced sales of approximately 1.4 million tons generated adjusted EBITDA of $216 million and adjusted net income of $1.21 per share. Adjusted EBITDA was higher than the second quarter of 2024 primarily due to the gas sales, and I am proud of the team for taking a safety and reliability-based approach to ramping up G3 to operate at full rates for the long term.
Global Methanol Price Increase: Our third quarter global average realized price was $356 per metric ton, $4 higher than the previous quarter. Global methanol demand was stable in the third quarter compared to the second quarter, with relatively flat demand into chemical applications and seasonally higher demand for energy applications such as MTBE and fuel blending.
MTO Operating Rates Fluctuation: Methanol to Olefins operating rates decreased at the beginning of the quarter due to seasonal maintenance as well as tight supply availability, and operating rates increased throughout the quarter as supply improved. Methanol inventories gradually rebuilt. By the end of the quarter, the MTO industry was operating at around 90% operating rates.
Cash Position and Debt Management: We ended the third quarter with approximately $490 million of cash and continued access to our $500 million undrawn revolving credit facility. We are on track to repay the $300 million bond due on December 1, 2024, after which our debt to adjusted EBITDA ratio will be just under three times at a $350 per ton realized price.
Cash Position and Debt Management: We ended the third quarter with approximately $490 million of cash and continued access to our $500 million undrawn revolving credit facility. We are on track to repay the $300 million bond due on December 1, 2024, after which our debt to adjusted EBITDA ratio will be just under three times at a $350 per ton realized price.
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MEOH Earning Call Sentiment
Methanex Corporation (MEOH) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
MEOH.O
-3.11%Positive
The earnings call reveals mixed sentiments: strong financial metrics with increased prices and a solid cash position, but concerns about gas supply constraints in New Zealand and competitive pressures. The Q&A session indicates uncertainty in gas supply and unclear management responses on critical issues. Positive factors include increased prices and ongoing debt management, but these are offset by operational challenges and market volatility. Considering the company's market cap, the stock price is likely to remain relatively stable, resulting in a neutral prediction.
