The following is a summary of the Methanex Corporation (MEOH) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Methanex reported Q3 2024 sales of approximately 1.4 million tons with an average price of $356 per ton, generating adjusted EBITDA of $216 million and adjusted net income of $1.21 per share.

• Despite facing gas constraints, cash position remains strong with $490 million and continues access to a $500 million undrawn revolving credit facility.

• Plans are underway to repay the $300 million bond due in December 2024, aiming to reach a debt to adjusted EBITDA ratio of just under three times.

Business Progress:

• Faced operational challenges with temporary idling of New Zealand operations and gas constraints in Chile and Egypt.

• Successfully restarted operations in one New Zealand plant and indefinitely idled the second due to gas supply limitations.

• Extended gas contracts in Chile which support 55% of site needs until 2030 and secured additional gas supplies from Argentina.

• Announced the OCI transaction with plans for a safe integration, aiming for synergy realization and deleveraging post-acquisition.

Opportunities:

• Anticipates a continuation of strong methanol market conditions.

• Secured financial health with $650 million in term loan commitments for the OCI transaction, aiming to strengthen the company's market position through strategic acquisitions.

Risks:

• Acknowledges ongoing gas supply challenges in operations affecting regions such as Chile, Egypt, and New Zealand.

• Geographic price discrepancies in methanol pose a challenge with higher competition and increased discount levels in the Atlantic market versus Pacific Basin.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.