Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Methanex Corporation (T:MX)

Business Focus: Commodity Chemicals

Sector:  Basic Materials Industry:  Commodity Chemicals
See Regulatory Filings on SEDAR
Company Contact
Address: 1800-200 Burrard St
Tel: 1-604-6612600
IR: See website
Key People
John N. Floren
President, Chief Executive Officer, Director
Ian P. Cameron
Chief Financial Officer, Senior Vice President - Finance
Vanessa L. James
Senior Vice President - Global Marketing and Logistics
Bradley W. Boyd
Senior Vice President - Corporate Resources
Kevin L. Henderson
Senior Vice President - Manufacturing
Michael J. Herz
Senior Vice President - Corporate Development
Kevin I. Price
General Counsel & Corporate Secretary
Business Overview
Methanex Corp is a Canada-based producer and supplier of methanol to a range of international markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers. The Company's subsidiary, Waterfront Shipping Company Limited, operates its fleet, which is made up of over 20 vessels ranging from 3,000 to 50,000 deadweight tons of capacity. It has over three production facilities in New Zealand that supply methanol primarily to customers in Asia Pacific. The Company operates over two plants in Trinidad, Titan and Atlas, which supply methanol to markets in North America, Europe, Asia Pacific and South America. Its joint venture facility in Egypt supplies methanol to markets in Europe and Asia Pacific. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America.
Financial Overview
For the nine months ended 30 September 2019, Methanex Corporation revenues decreased 28% to $2.13B. Net income decreased 81% to $78.8M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Depreciation and amortization increase of 40% to $256.2M (expense), Earnings of associate decrease of 19% to $43.9M (income). Dividend per share increased from $0.99 to $1.05.
Employees: 1,426 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $5,486M as of Sep 30, 2019
Annual revenue (TTM): $4,075M as of Sep 30, 2019
EBITDA (TTM): $858.71M as of Sep 30, 2019
Net annual income (TTM): $314.77M as of Sep 30, 2019
Free cash flow (TTM): $284.43M as of Sep 30, 2019
Net Debt Last Fiscal Year: $2,545M as of Sep 30, 2019
Shares outstanding: 76,196,080 as of Sep 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization