Methanex Corporation filed a Form 6-K with the U.S. Securities and Exchange Commission on October 29, 2026, reporting its third quarter 2026 financial and operational results, including net income attributable to Methanex shareholders of $265 million and Adjusted EBITDA of $543 million.

Key Highlights

  • Net income of $265 million: Net income attributable to Methanex shareholders was $265 million ($3.42 diluted net income per common share) in Q3 2026, up from $198 million ($2.45 diluted) in Q2 2026.
  • Adjusted EBITDA of $543 million: Adjusted EBITDA for Q3 2026 was $543 million, compared with $577 million in Q2 2026, according to the filing.
  • Record North American production: The company produced 2,143,000 tonnes of methanol in Q3 2026, with record North American production reported for the quarter.
  • Average realized price of $510 per tonne: The company reported an average realized price of $510 per tonne in Q3 2026, down from $529 per tonne in Q2 2026.
  • Cash flows from operating activities of $646 million: The company generated $646 million in cash flows from operating activities and ended the quarter with $912 million in cash.
  • New Zealand idling and bond redemption plans: The company announced expected indefinite idling of New Zealand production facilities in Q1 2027 and provided notice to redeem $300 million of its existing $700 million bonds due October 2027.
  • Normal course issuer bid approved: Subsequent to the quarter, 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 Q3 2026 Financial Results: Key Figures and Operational Context

According to the Form 6-K filed by Methanex Corporation (TSX:MX) (NASDAQ:MEOH) for the month of October 2026, the company reported net income attributable to Methanex shareholders of $265 million, or $3.42 per common share on a diluted basis, for the three months ended September 30, 2026. This compared with net income of $198 million, or $2.45 per diluted share, in the second quarter of 2026. For the nine months ended September 30, 2026, net income attributable to shareholders was $449 million.

The filing reported Adjusted EBITDA of $543 million and Adjusted net income of $284 million ($3.69 per common share) for Q3 2026, against Adjusted EBITDA of $577 million and Adjusted net income of $300 million ($3.87 per common share) for Q2 2026. Total methanol sales volume was 2,595,000 tonnes in Q3 2026, compared with 2,555,000 tonnes in Q2 2026. The filing noted that Adjusted net income, Adjusted net income per common share, Adjusted EBITDA, and Adjusted free cash flow are non-GAAP measures.

The company disclosed that it announced an agreement to sell substantially all of its remaining New Zealand natural gas contractual entitlements commencing in Q1 2027, with the expected indefinite idling of New Zealand production facilities resulting in a $10 million accrual for restructuring activities, included as a deduction in the calculation of Adjusted EBITDA. The company also stated it provided notice to redeem $300 million of its existing $700 million bonds due October 2027 and expects to redeem the final $400 million during Q4 2026. The company returned $14 million to shareholders through regular dividends during the quarter. Rich Sumner, President and CEO, attributed ongoing pricing strength to "the significant loss of industry supply" tied to the Middle East conflict's impact on the methanol industry, as quoted in the filing.

What Was Disclosed

Methanex's October 29, 2026 Form 6-K disclosed Q3 2026 net income of $265 million, Adjusted EBITDA of $543 million, production of 2,143,000 tonnes, plans to idle New Zealand facilities, a bond redemption notice, and approval of a share repurchase bid for up to 3,868,213 common shares.