Methanex Q1 2026 Results: Net Loss of $14M, Adjusted EBITDA $220M Amid Rising Methanol Prices

Methanex Corporation reported first quarter 2026 financial results showing a net loss attributable to shareholders of $14 million, primarily driven by mark-to-market share-based compensation expenses. Despite the net loss, the company achieved Adjusted EBITDA of $220 million and Adjusted net income of $23 million. Production increased to 2.391 million tonnes from 2.364 million tonnes in Q4 2025, while the average realized price rose to $351 per tonne from $331 per tonne. The company repaid $60 million of Term Loan A and maintained $379 million in cash. CEO Rich Sumner noted that Middle East conflicts have significantly impacted global methanol supply chains, leading to rapid price increases into Q2 2026, with expected average realized prices of $500-525 per tonne for April and May. The company expects significantly higher Adjusted EBITDA in Q2 due to higher pricing.