BultiesBrothers schreef op 29 april 2021 01:50:
Sterk resultaat voor methanex q1.
METHANEX REPORTS STRONG FIRST QUARTER 2021 RESULTS
Except where otherwise noted, all currency amounts are stated in United States dollars.
Net income attributable to Methanex shareholders rose to $105 million, supported by higher methanol prices
Adjusted EBITDA rose to $242 million, the highest quarterly result since the third quarter of 2018.
Completed a planned turnaround at the Geismar 2 plant and we expect to complete the Geismar 2 debottlenecking project by mid-2021.
Strong liquidity position and financial flexibility with over $850 million in cash, a $300 million undrawn credit facility and no debt maturities until the end of 2024.
VANCOUVER, British Columbia, April 28, 2021 (GLOBE NEWSWIRE) -- For the first quarter of 2021, Methanex (TSX:MX) (NASDAQ:MEOH) reported net income attributable to Methanex shareholders of $105 million ($1.19 net income per common share on a diluted basis) compared to a net loss of $27 million ($0.35 net loss per common share on a diluted basis) in the fourth quarter of 2020. Adjusted EBITDA for the first quarter of 2021 was $242 million and Adjusted net income was $82 million ($1.07 Adjusted net income per common share). This compares with Adjusted EBITDA of $136 million and Adjusted net income of $12 million ($0.15 Adjusted net income per common share) for the fourth quarter of 2020.
We increased our average realized price in the first quarter of 2021 by $81 per tonne, to $363 per tonne, compared to the fourth quarter of 2020. Steady methanol demand recovery and lower industry operating rates supported higher methanol prices. Strong methanol demand combined with low global inventory levels and ongoing industry supply challenges continue to drive tight market conditions into the second quarter of 2021.