FINWIRES · TerminalLIVE
FINWIRES

Methanex Q1 Adjusted Profit Falls 74%, Misses Estimates Despite Higher Revenue

By

-- Methanex (MX.TO, MEOH) edged down 0.5% in after-hour Nasdaq trade Wednesday as it reported a 74% year-over-year drop in adjusted net income despite higher revenue, with results missing analysts' estimates.

The methanol producer posted adjusted net income, excluding most one-time items, of US$23 million, or US$0.30 per share, down from US$88 million, or US$1.30, a year earlier. The result fell short of FactSet's consensus analyst estimate of US$0.40 per share.

Revenue for the quarter ended March 31 rose 8.7% year over year to US$974 million from US$896 million, but US986.6 million missed FactSet analysts' estimate.

Adjusted EBITDA was US$220 million, compared with US$186 million in the fourth quarter of 2025.

In its outlook, the company reiterated its expectations for 2026 production to be 9.- million tonnes (Methanex interest) of methanol and 0.3 million tonnes of ammonia.

"Based on our April and May posted prices, we expect that our average realized price range will be approximately (US)$500 to (US)$525 per tonne for these two months. Based on a higher realized price and similar sales of produced methanol, we are expecting significantly higher Adjusted EBITDA in the second quarter," Methanex said.

"This quarter saw the continuation of safe and reliable operations across our portfolio, including at the recently acquired assets in Beaumont, Texas. The conflict in the Middle East has meaningfully impacted global petrochemical supply chains, including methanol, and this has resulted in a rapid and significant increase in global methanol pricing into the second quarter," chief executive Rich Sumner said.

"We believe our global asset portfolio will allow us to continue providing unmatched reliability of supply to our customers and we remain focused on delivering on our integration plan, cost-effectively operating our assets and supply chain and continuing our de-leveraging efforts while we navigate an evolving and uncertain macro environment," added Sumner.

The company said in the first quarter of 2026, it paid a quarterly dividend of $0.185 per common share for a total of $14 million and repaid $60 million of the outstanding Term Loan A.

The company's shares were last seen down US$0.31 to US$63.00 after-hours after closing up C$3.95 at C$86.65 on Toronto Stock Exchange.

Related Articles

Research

Research Alert: Canadian Pacific Prints Q1 Beat, 2026 Guidance Reiterated

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CP reported Q1 adjusted EPS of $1.04, beating consensus by $0.26. Total revenues declined 2% to $3.7B despite 2% RTM growth, as pricing pressure drove freight revenue per RTM down 4%. Operating income decreased 4% to $1.3B, and the operating ratio expanded 70 bps to 66.0%, reflecting continued KCS integration costs, including $91M in purchase accounting amortization. The company's 20,000-mile transcontinental network provides competitive advantages despite near-term volume constraints from broader economic conditions.Operationally, CP demonstrated improved network fluidity: average train speed increased 4% to 19.9 mph, terminal dwell improved 8% to 9.5 hours, and locomotive productivity advanced 5%. Business line performance was mixed. Grain revenues advanced 11% to $871M on robust Canadian production, while industrial segments faced headwinds reflecting market softness: energy, chemicals, and plastics declined 8% to $700M, and coal fell 12% to $226M.

$CP
Research

Research Alert: Mgm Q1 2026: Company Posts Strong Top-line Growth But Profitability Falls

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:MGM posted mixed Q1 results. Revenues were $4.5B (+4% Y/Y), but adjusted EPS declined 29% to $0.49, $0.04 below consensus, and consolidated adjusted EBITDA fell 9% to $580M. The Las Vegas Strip posted its first Y/Y growth in over a year at 0.2% to $2.2B, though adjusted EBITDAR declined 8% to $749M. Meanwhile, MGM China revenues increased 9% to $1.1B, but its EBITDAR fell 4% to $273M due to higher intercompany fees. BetMGM achieved a milestone, reporting $7.4M in operating income versus a $15.2M loss in the prior year. Management noted that monthly revenues strengthened into March and highlighted solid convention bookings and the new all-inclusive promotion as positive drivers for Q2. MGM completed the Northfield Park sale for $546M in April. The company also repurchased $90M of shares in Q1, with $1.5B remaining under authorization. We are not surprised by the muted market reaction as the profitability miss was offset by the company's low valuation at 8.5x NTM consensus EBITDA estimates.

$MGM
Research

Research Alert: Tyl Posts Q1 Beats As Saas Revenues Accelerate

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:TYL reported Q1 non-GAAP EPS of $3.09 (+11.2% Y/Y), beating consensus by $0.08, while total revenue of $613.5M grew 8.6% Y/Y, exceeding expectations by $4.4M. Subscription revenue of $429.8M rose 14.6% Y/Y, with exceptional SaaS growth of 23.5% reaching $222.4M, reflecting accelerating public sector demand momentum. We view the strong SaaS performance and expanding recurring revenue mix (87.8% of total) as supportive of the investment thesis. Operating margins expanded to 27.2% from 26.8% prior year, due to favorable revenue mix and cloud efficiencies. FCF more than doubled to $102.8M (16.8% margin vs. 8.5% prior year), demonstrating strong operational leverage. We believe the significant capital deployment, including $250M Q1 share buybacks and $600M debt repayment, underscores management's confidence in the business trajectory. Management raised 2026 guidance to $2.535B-2.575B revenue (from $2.50B-2.55B) and EPS of $12.50-12.75 (from $12.40-12.65), both above Street estimates.

$TYL