Methanex Corp（MEOH）のニュースとイベントMEOHMethanex Corp

Methanex to Idle New Zealand Gas Facilities in 2027

Methanex announced that it has entered into an agreement to sell substantially all of its New Zealand natural gas contractual entitlements commencing in the first quarter of 2027 and continuing through the end of the decade when such entitlements expire. Given the continued decline in domestic natural gas availability and the lack of a clear pathway to meaningful new supply, Methanex has determined that continued operations in New Zealand are not sustainable and as such has taken steps to optimize value from its remaining New Zealand gas position. As a result of this agreement, the Company expects to indefinitely idle its New Zealand production facilities during the first quarter of 2027 and will work closely with employees, contractors, suppliers, customers and government stakeholders during this transition period. Rich Sumner, President and CEO, Methanex Corporation, stated, "Our New Zealand production facilities have operated for more than four decades and our people have made significant contributions to the Company's global operations and the New Zealand energy sector. However, we have also been preparing for the eventuality of this day given the declining gas availability in the country. For several years we have actively contributed to managing New Zealand's declining gas environment by matching our operating rates to available supply and, when appropriate, selling gas into the New Zealand energy markets. We are now focused on supporting our team members during this transition period, safely operating the plant over the next several months and then safely idling and preserving the facility for long-term optionality should future circumstances support a restart of operations." Methanex does not expect to incur material cash costs as a result of this decision and any required updates to production or financial guidance will be released with Methanex's ongoing quarterly financial communications.

Company Reports Q2 Revenue of $1.395B, Below Consensus

Reports Q2 revenue $1.395B, consensus $1.45B.

Methanex Suspends Trinidad Natural Gas Contract

Methanex announced that it has been unable to agree to a new natural gas contract for its Titan methanol plant in Trinidad and Tobago and, as a result, will begin the process of indefinitely idling the facility. Titan's existing natural gas contract expires in the third quarter of 2026. Methanex will undertake a preservation process at the Titan plant to provide optionality for a future restart should conditions materially improve. The Atlas methanol plant, a joint venture in which Methanex holds a 63.1% economic interest, remains indefinitely idled in a preserved state. Rich Sumner, President and CEO, Methanex Corporation, stated, "We have a long history in Trinidad and Tobago with an outstanding organization that has played an important role in our company's history. This difficult decision reflects our focus on preserving long-term shareholder value in a challenging environment where the structurally tight gas supply and demand balances in Trinidad and Tobago are making operations commercially unviable. Ahead of this decision, we engaged extensively with the Government of Trinidad and Tobago and the National Gas Company of Trinidad and Tobago, and we recognize and appreciate their ongoing efforts to address the country's gas supply challenges. We will monitor future developments closely, with a view to reassessing conditions and our position over the coming years. We are now focused on supporting our team members during this challenging period and safely idling and preserving the facility." Titan is not currently contributing to the company's adjusted EBITDA and adjusted free cash flow. Methanex does not expect to incur material cash costs as a result of this decision and any updates to production or financial guidance will be released with Methanex's regular second quarter financial communications scheduled for July 28.