Methanex Q3 2026 net income $265 million as methanol prices hold

Methanex reported third-quarter 2026 net income attributable to shareholders of $265 million, or $3.42 per diluted share, up from $198 million in the second quarter, according to Stock Titan. The Vancouver-based company is the world's largest producer and supplier of methanol, with 10.4 million tonnes of annual operating capacity across 12 countries.

Methanex Earnings And Production Details

Adjusted EBITDA for the quarter was $543 million, compared with $577 million in the second quarter of 2026, while Adjusted net income was $284 million, or $3.69 per share. Methanex produced 2,143,000 tonnes of methanol in the quarter, with record North American production, and sold 2,595,000 tonnes. The average realized price was $510 per tonne, down from $529 per tonne in the second quarter.

Rich Sumner, President and CEO of Methanex, said, "The Middle East conflict's dramatic impact on the methanol industry persisted through the third quarter, with the significant loss of industry supply supporting ongoing pricing strength." Sumner added that the company's enhanced asset base "continued to run well, particularly in North America."

Methanex generated $646 million of cash flows from operating activities and ended the quarter with $912 million in cash. It returned $14 million to shareholders through regular dividends. The company provided notice to redeem $300 million of its existing $700 million bonds due in October 2027 and expects to redeem the final $400 million during the fourth quarter of 2026.

Methanex Scale And Funding Record

Methanex operates 10.4 million tonnes of annual methanol capacity and reported $3.6 billion in revenue for fiscal year 2025, according to akta.pro company records. The same records list total funding of $863.1 million, including a $138.1 million post-IPO secondary in April 2026 and a $125 million post-IPO secondary in March 2026.

Methanex New Zealand Exit And Price Moves

Methanex announced an agreement to sell substantially all of its remaining New Zealand natural gas contractual entitlements starting in the first quarter of 2027, and it expects to indefinitely idle its New Zealand production facilities in that quarter, resulting in a $10 million restructuring accrual. In September 2026, Methanex raised its October methanol contract prices for Asian markets to $700 per ton, up $150 from September, Argaam reported. Earlier that month, Methanex said it would indefinitely close its New Zealand production facilities from next year after selling its gas supply entitlements, Yahoo reported.

Methanex Buyback And Q4 Outlook

Methanex expects average realized methanol prices of approximately $525 to $550 per tonne for October and November. On October 29, 2026, the company announced approval of a 5% normal course issuer bid to repurchase up to 3,868,213 common shares through November 3, 2027. Methanex expects 2026 production of approximately 9.0 million tonnes of methanol and 0.3 million tonnes of ammonia.