We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Methanex Issues Update on Unplanned Outage at Geismar 3
Read MoreHide Full Article
Methanex Corporation (MEOH - Free Report) has announced that its Geismar 3 (G3) plant in Geismar, LA, faced an unplanned outage in late February. The plant has a production capacity of 1.8 million tons of methanol. This outage is expected to impact second-quarter financial results due to lower produced methanol sales, but the cost of repairs is not expected to be material.
Through inspections and repairs to the autothermal reformer, management currently estimates a plant startup by early May 2025. The completion of other planned maintenance work on G3, which was part of a previously budgeted three-week outage, has been brought forward with this maintenance work.
The MEOH stock has lost 0.3% in the past year compared with the 9.5% decline of the industry.
Image Source: Zacks Investment Research
The company’s production guidance for 2025 is approximately 7.5 million tons (Methanex interest), which excludes any additional production from OCI assets post-acquisition closing date. Actual production may vary quarterly based on gas availability, turnarounds, unplanned outages and unanticipated events.
In the first quarter of 2025, significantly higher adjusted EBITDA is expected compared to the fourth quarter, with produced sales expected to be near the production levels in the fourth quarter of 2024, and a higher average realized price. The expected average realized price range is between approximately $395 to $405 per tons for January and February.
The Zacks Consensus Estimate for Ingevity’s current-year earnings is pegged at $4.45 per share. NGVT beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average earnings surprise being 202.9%.
The Zacks Consensus Estimate for Carpenter Technology’s current fiscal-year earnings is pegged at $6.95 per share. CRS beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average earnings surprise being 15.7%. Its shares have soared 168.7% in the past year.
The Zacks Consensus Estimate for ArcelorMittal’s current-year earnings is pegged at $3.72 per share. MT surpassed the Zacks Consensus Estimate in three of the trailing four quarters but missed it in one, with an average earnings surprise of 4.11%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Methanex Issues Update on Unplanned Outage at Geismar 3
Methanex Corporation (MEOH - Free Report) has announced that its Geismar 3 (G3) plant in Geismar, LA, faced an unplanned outage in late February. The plant has a production capacity of 1.8 million tons of methanol. This outage is expected to impact second-quarter financial results due to lower produced methanol sales, but the cost of repairs is not expected to be material.
Through inspections and repairs to the autothermal reformer, management currently estimates a plant startup by early May 2025. The completion of other planned maintenance work on G3, which was part of a previously budgeted three-week outage, has been brought forward with this maintenance work.
The MEOH stock has lost 0.3% in the past year compared with the 9.5% decline of the industry.
Image Source: Zacks Investment Research
The company’s production guidance for 2025 is approximately 7.5 million tons (Methanex interest), which excludes any additional production from OCI assets post-acquisition closing date. Actual production may vary quarterly based on gas availability, turnarounds, unplanned outages and unanticipated events.
In the first quarter of 2025, significantly higher adjusted EBITDA is expected compared to the fourth quarter, with produced sales expected to be near the production levels in the fourth quarter of 2024, and a higher average realized price. The expected average realized price range is between approximately $395 to $405 per tons for January and February.
MEOH’s Zacks Rank and Key Picks
MEOH currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Ingevity Corporation (NGVT - Free Report) , Carpenter Technology Corporation (CRS - Free Report) and ArcelorMittal (MT - Free Report) . While NGVT sports a Zacks Rank #1 (Strong Buy) at present, CRS and MT carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Ingevity’s current-year earnings is pegged at $4.45 per share. NGVT beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average earnings surprise being 202.9%.
The Zacks Consensus Estimate for Carpenter Technology’s current fiscal-year earnings is pegged at $6.95 per share. CRS beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average earnings surprise being 15.7%. Its shares have soared 168.7% in the past year.
The Zacks Consensus Estimate for ArcelorMittal’s current-year earnings is pegged at $3.72 per share. MT surpassed the Zacks Consensus Estimate in three of the trailing four quarters but missed it in one, with an average earnings surprise of 4.11%.