Methanex (MEOH) Tops Q2 EPS by 10c

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Go back to Methanex (MEOH) Tops Q2 EPS by 10c

Methanex Reports Second Quarter 2020 Results

July 29, 2020 5:00 PM EDT

Strong liquidity position with $783 million in cash on balance sheet and negotiated meaningful financial covenant reliefRecords net loss attributable to Methanex shareholders of $65 million and Adjusted EBITDA of $32 millionGlobal methanol demand declined by 5% in the second quarter due to impacts from the COVID-19 pandemic and lower oil price environmentExtensive preventative measures ongoing to protect the health and safety of our employees, contractors and communities where we do businessContinue to deliver secure and... More