Methanex Q3 Adjusted Earnings, Revenue Rise; Shares Up Pre-Bell

MT newswire2026/10/30 09:15

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05:15 AM EDT, 10/30/2026 (MT Newswires) -- Methanex (MEOH) reported Q3 adjusted earnings late Thursday of $3.69 per diluted share, up from $0.06 a year earlier. Analysts polled by FactSet expected $2.86. Revenue for the quarter ended Sept. 30 was $1.39 billion, up from $927 million a year earlier. Analysts expected $1.30 billion. separately, the company said its board approved a share repurchase program for up to 3.87 million shares, representing 5% of shares outstanding, running from Nov. 4, 2026, through Nov. 3, 2027. Methanex shares were up 2.4% in premarket activity Friday.

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In October, U.S. LNG exports reached 7.92 million metric tons, only slightly below the record high of 8.01 million metric tons set in April this year, and saw a significant month-on-month increase from 7.12 million metric tons in September. Europe continues to expand its purchases of U.S. LNG, with its share surging 8 percentage points from the previous month to 60%. Analysts point out that Europe's underground gas storage facilities are nearly full; if temperatures in the Northern Hemisphere remain normal this winter, high global inventories may put downward pressure on prices.

华尔街见闻•2026/11/02 22:26