Methanex MEOH Posts Record Quarter but Warns Prices Are Fading
As seen on the 24/7 Wall St. homepage on July 28, 2026.
Methanex slipped past consensus on earnings and revenue, but the world's largest methanol supplier just posted its best quarter ever on $529/tonne pricing as Middle East supply disruptions squeezed global volumes. The catch: management warns prices are already rolling over to $460-$485 in Q3, signaling the commodity windfall is fading fast.
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Methanex reported Q2 2026 EPS of $3.87 against a consensus estimate of roughly $4.01, a miss of about 3.5%, and revenue of $1.395 billion fell short of the $1.447 billion analysts had penciled in. Even so, the quarter stands as the company's best ever, powered by methanol pricing that reached $529 per tonne as supply disruptions in the Middle East tightened global availability and sent volumes through Methanex's favor.
That record revenue of $1.395 billion marks a sharp jump from the $973.7 million Methanex posted just one quarter earlier in Q1 2026, and it dwarfs the $796.5 million trough seen in Q2 2025. The trajectory over the past several quarters had already been climbing — Q4 2025 came in at $968.8 million — making the Q2 2026 spike look all the more dramatic in context.
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The forward picture is considerably cooler. Management has guided that methanol prices are already pulling back, with Q3 2026 realizations expected to land in the $460–$485 per tonne range, well below the $529 that fueled the record quarter. Investors will be watching whether demand recovers enough to arrest that slide or whether the commodity tailwind that drove the blowout result continues to unwind.
Mentioned: MEOH