Methanex Corp Files 6-K for Q3 2024 Period

TL;DR

Methanex Corp (MEOH) filed its Q3 2024 6-K, reporting from Canada.

AI Summary

Methanex Corporation filed a Form 6-K on November 6, 2024, reporting on its activities for the period ending September 30, 2024. The filing is a report of a foreign private issuer and indicates that Methanex Corporation is incorporated in Canada and its fiscal year ends on December 31. The company's principal executive offices are located in Vancouver, BC.

Why It Matters

This filing provides an update on Methanex Corporation's financial and operational status as a foreign private issuer, which is important for investors tracking the company's performance and regulatory compliance.

Risk Assessment

Risk Level: low — This filing is a routine report of a foreign private issuer and does not contain significant new financial information or material events.

Key Numbers

• 20240930 — Reporting Period End Date (Indicates the end of the period covered by the report.)
• 20241106 — Filing Date (The date the report was officially submitted to the SEC.)

Key Players & Entities

• Methanex Corporation (company) — Registrant
• 20240930 (date) — Conformed Period of Report
• 20241106 (date) — Filing Date
• Vancouver, BC (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $31 million — ttributable to Methanex shareholders of $31 million and Adjusted EBITDA of $216 million in
• $216 million — s of $31 million and Adjusted EBITDA of $216 million in the third quarter. Our average reali
• $356 — realized price in the third quarter was $356 per tonne compared to $352 per tonne in
• $352 — quarter was $356 per tonne compared to $352 per tonne in the second quarter of 2024
• $2.05 b — nal methanol business for approximately $2.05 billion, including OCI's interest in two
• $90 million — n-recurring asset impairment expense of $90 million (net of tax) has been recorded in the t
• $12.5 million — impact from idling one plant. Returned $12.5 million to shareholders through regular dividen
• $511 million — idends and ended the third quarter with $511 million in cash. VANCOUVER, BRITISH COLUMBIA -
• $0.35 — o Methanex shareholders of $31 million ($0.35 net income per common share on a dilute
• $35 million — iluted basis) compared to net income of $35 million ($0.52 net income per common share on a
• $0.52 — compared to net income of $35 million ($0.52 net income per common share on a dilute
• $82 million — 216 million and Adjusted net income was $82 million ($1.21 Adjusted net income per common s
• $1.21 — nd Adjusted net income was $82 million ($1.21 Adjusted net income per common share).
• $164 million — . This compares with Adjusted EBITDA of $164 million and Adjusted net income of $42 million
• $42 million — $164 million and Adjusted net income of $42 million ($0.62 Adjusted net income per common s

Filing Documents

• mdafsnotes_q32024.htm (6-K) — 1544KB
• mx_logoa07a.jpg (GRAPHIC) — 43KB
• 0001628280-24-045799.txt ( ) — 1599KB

Management's Discussion and Analysis for the

Management's Discussion and Analysis for the Three and Nine Months Ended September 30, 2024 At November 5, 2024 the Company had 67,387,492 common shares issued and outstanding and stock options exercisable for 1,434,329 additional common shares. THIRD QUARTER MANAGEMENT'S DISCUSSION AND ANALYSIS (MDA) Except where otherwise noted, all currency amounts are stated in United States dollars. This Third Quarter 2024 Management's Discussion and Analysis dated November 6, 2024 for Methanex Corporation (the Company) should be read in conjunction with the Company's unaudited condensed consolidated interim financial statements for the period ended September 30, 2024 as well as the 2023 Annual Consolidated Financial Statements and MDA included in the Methanex 2023 Annual Report. Unless otherwise indicated, the financial information presented in this interim report is prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB). The Methanex 2023 Annual Report and additional information relating to Methanex is available on our website at www.methanex.com, the Canadian Securities Administrators' SEDAR+ website at www.sedarplus.ca and on the United States Securities and Exchange Commission's EDGAR website at www.sec.gov . METHANEX CORPORATION 2024 THIRD QUARTER

MANAGEMENT'S DISCUSSION AND ANALYSIS PAGE 1

MANAGEMENT'S DISCUSSION AND ANALYSIS PAGE 1 FINANCIAL AND OPERATIONAL DATA Three Months Ended Nine Months Ended ($ millions except per share amounts and where noted) Sep 30 2024 Jun 30 2024 Sep 30 2023 Sep 30 2024 Sep 30 2023 Production (thousands of tonnes) (attributable to Methanex shareholders) 1 1,347 1,422 1,545 4,490 4,863 Sales volume (thousands of tonnes) Methanex-produced methanol 1,378 1,580 1,473 4,639 4,743 Purchased methanol 987 766 905 2,560 2,637 Commission sales 258 266 342 706 927 Total sales volume 1 2,623 2,612 2,720 7,905 8,307 Methanex average non-discounted posted price ($ per tonne) 2 519 499 395 496 439 Average realized price ($ per tonne) 3 356 352 303 350 337 Revenue 935 920 823 2,771 2,801 Net income (attributable to Methanex shareholders) 31 35 24 119 141 Adjusted net income 4 82 42 1 168 118 Adjusted EBITDA 4 216 164 105 540 474 Cash flows from operating activities 210 163 106 456 465 Basic net income per common share 0.46 0.52 0.36 1.77 2.07 Diluted net income per common share 0.35 0.52 0.36 1.62 2.07 Adjusted net income per common share 4 1.21 0.62 0.02 2.48 1.74 Common share information (millions of shares) Weighted average number of common shares 67 67 67 67 68 Diluted weighted average number of common shares 68 67 67 68 68 Number of common shares outstanding, end of period 67 67 67 67 67 1 Methanex-produced methanol represents our equity share of volume produced at our facilities and excludes volume marketed on a commission basis related to the 36.9% of the Atlas facility and 50% of the Egypt facility that we do not own. 2 Methanex average non-discounted posted price represents the average of our non-discounted posted prices in North America, Europe, China and Asia Pacific weighted by sales volume. Current and historical pricing information is available at www.methanex.com . 3 The Company has used Average realized price (ARP) throughout this document. ARP is calculated as revenue divided by

MANAGEMENT'S DISCUSSION AND ANALYSIS PAGE 2

MANAGEMENT'S DISCUSSION AND ANALYSIS PAGE 2 FINANCIAL AND OPERATIONAL HIGHLIGHTS A reconciliation from net income attributable to Methanex shareholders to Adjusted net income and the calculation of Adjusted net income per common share is as follows Three Months Ended Nine Months Ended ($ millions except number of shares and per share amounts) Sep 30 2024 Jun 30 2024 Sep 30 2023 Sep 30 2024 Sep 30 2023 Net income attributable to Methanex shareholders $ 31 $ 35 $ 24 $ 119 $ 141 Mark-to-market impact of share-based compensation, net of tax (15) 7 6 (17) 11 Impact of Egypt gas contract revaluation, net of tax 1 — 2 1 (3) Impact of New Zealan

View Full Filing

View this 6-K filing on SEC EDGAR