Methanex reported net income of $198 million and record adjusted EBITDA of $577 million for the second quarter of 2026, driven by higher methanol prices and strong North American output. The company produced 2,213,000 tonnes of methanol, including over 1 million tonnes at its Geismar site, and achieved an average realized price of $529 per tonne, up from $351 in the first quarter. Methanex also announced the indefinite idling of its Titan plant in Trinidad and Tobago, resulting in a $115 million non-cash asset impairment charge and a $12 million restructuring accrual. Cash flows from operating activities reached $439 million, allowing the company to fully repay its $290 million Term Loan A and return $14 million to shareholders through dividends, ending the quarter with $383 million in cash.
Methanex CorporationRecord adjusted EBITDA of $577 million and strong earnings driven by higher methanol prices and production.