Methanex (MEOH) Tops Q4 EPS by 21c; issues Production Outlook

Methanex (NASDAQ: MEOH) reported Q4 EPS of $0.52, $0.21 better than the analyst estimate of $0.31. Revenue for the quarter came in at $922 million versus the consensus estimate of $843.35 million.

2024 Production Outlook

We expect production for 2024 to be higher than 2023 with the Geismar 3 start-up and to be approximately 8.1 million tonnes (Methanex interest). 2024 production guidance is based on the mid-point of Chile and New Zealand production guidance, G3 ramp up through February, Egypt restart in the first half of February, and all other plants operating at full rates. Actual production may vary by quarter based on timing of turnarounds, gas availability, unplanned outages and unanticipated events.

For earnings history and earnings-related data on Methanex (MEOH) click here.

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