MEOH · NASDAQ · Chemicals

Methanex (MEOH)

Produces, markets and delivers methanol through a global operating network.

$58.13
vs last close−0.57 (−0.97%)
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Methanex CorporationMEOH
Materials

Produces and supplies methanol through global production, marketing and delivery operations. Its Waterfront Shipping subsidiary connects production sites with customers through terminals, storage and tankers.

Produces and supplies methanol through a global network of production sites, marketing operations, terminals and tankers. The business added OCI Global's international methanol operations in 2025, including facilities in Beaumont and an idled Netherlands site.

Operations span Canada, Chile, Egypt, New Zealand, Trinidad and Tobago, and the United States. Waterfront Shipping manages terminals, storage facilities and a methanol-tanker fleet, connecting production with customers globally.

The acquired business also includes low-carbon methanol production and marketing, while one Beaumont facility produces ammonia. The operating model depends on global methanol production, marketing and delivery infrastructure.

Company facts

CEORich Sumner
ListedMay 19, 1992
ExchangeNASDAQ
HeadquartersVancouver, Canada
CountryCanada
Employees1,700
CIK0000886977
ISINCA59151K1084

Market cap$4.54B
EPS (ttm)$1.01
P/E (ttm)58.14
ROE3.5%
P/B1.77
P/S1.06
Dividend yieldDiv yield1.26%
Beta−0.16vs XLB 0.49

Price target$71.00+21.0%Average of 19 analysts
ConsensusBuy11 of 19 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Jul 31, 2026UBSReiterate
Rating: Target: $70
Rating: BuyTarget: $71
Jul 20, 2026CIBCUpgrade
Rating: NeutralTarget: $69
Rating: OutperformTarget: $71
Jul 1, 2026RBC CapitalReiterate
Rating: Target: $55
Rating: Sector PerformTarget: $65
May 5, 2026ScotiabankReiterate
Rating: Target: $48
Rating: Sector OutperformTarget: $80
May 1, 2026CIBCTarget
Target: $52
Target: $69

Next report
Oct 29, 26
in 37 days
EPS estimate
$2.75
Revenue estimate
$1.28B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Jan '25Apr '25Jul '25Oct '25Mar '26Apr '26Jul '26Oct '26
Reported$1.24$1.30$0.97$0.06−$0.14$0.30$3.87Pending
Estimate$1.01$1.25$0.42$0.51$0.81$0.38$4.00$2.75
Surprise+22.8%+4.0%+131.0%−88.2%−117.3%−20.8%−3.2%

RevenueReportedEstimate

Jan '25Apr '25Jul '25Oct '25Mar '26Apr '26Jul '26Oct '26
Reported$950.3M$896.5M$796.5M$917.2M$961.3M$953.1M$1.38BPending
Estimate$973.4M$1.02B$977.9M$1.03B$1.03B$964.8M$1.43B$1.28B
Surprise−2.4%−12.1%−18.6%−10.9%−6.4%−1.2%−2.9%
Estimate$2.75
ReportedDue Oct 29, 2026
Estimate$1.28B
ReportedDue Oct 29, 2026
View details

Debt to equity122.10%
Current ratio207.40%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$934.8M$949.0M$896.5M$796.5M$927.4M$968.8M$973.7M$1.40B
Net income$31.1M$45.1M$111.3M$64.4M−$7.1M−$88.8M−$13.6M$197.8M
Net margin3.3%4.7%12.4%8.1%0.0%0.0%0.0%14.2%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$41.2M$124.2M$209.7M$113.4M$68.5M$71.5M$83.4M$517.5M
YoY growthTurned profit+149.2%+149.1%+50.9%+66.1%−42.4%−60.3%+356.3%

Balance sheet, Jun 30, 2026Cash & short-term investments $382.4M · Total debt $3.13B · Total assets $7.17B · Shareholders' equity $2.56B

Revenue
$1.40B
Operating income
$517.5M
Net income
$197.8M
View details

Dividend yield
1.26%
Next ex-date
Dec 16, 26
estimated · in 85 days
Annual dividend
$0.74
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26
Dividend$0.185$0.185$0.185$0.185$0.185$0.185$0.185$0.185
Annual yield1.57%1.96%2.07%1.88%1.90%1.45%1.32%1.20%
Ex-dateDec 17Mar 17Jun 16Sep 16Dec 17Mar 17Jun 16Sep 16
Payment dateDec 31Mar 31Jun 30Sep 30Dec 31Mar 31Jun 30Sep 30
View details

Institutions76.62%59.25M ADS
231 holders · as of Jun 30, 2026
Strategic holders15.30%11.83M ADS
1 holder · as of Sep 14, 2026
Other8.08%6.25M ADS
remainder

77.34M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
M&G PLCInstitution
15.96%12.35M ADSas of Jun 30, 2026
M&G Investment Management Ltd1Strategic10 percent owner
15.30%11.83M ordinaryfiled Sep 14, 2026
Key Group Long Term Investments LPInstitution
8.32%6.44Mfiled Sep 17, 2026
Boston PartnersInstitution
5.39%4.17M ADSas of Jun 30, 2026
Wellington Management Group LLPInstitution
5.13%3.97M ADSas of Jun 30, 2026
  1. M&G Investment Management Ltd's own ownership statement (13D, Sep 14, 2026) reports fewer shares than the transaction reports; the statement is used.

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

Not reported.