Methanex (MEOH) Misses Q3 EPS by 18c

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Go back to Methanex (MEOH) Misses Q3 EPS by 18c

Methanex Reports Third Quarter 2020 Results With Strong Liquidity Position and Enhanced Financial Flexibility

October 28, 2020 5:00 PM EDT

Except where otherwise noted, all currency amounts are stated in United States dollars.

Global methanol demand improved in the third quarter of 2020 compared to the second quarter of 2020 and methanol prices have increased leading into the fourth quarterIncreased liquidity and improved financial flexibility through the issuance of $700 million in bonds and secured further financial covenant relief for our existing credit facilitiesRepaid $200 million drawn on revolving credit facility and provided early notice to repay our... More