StocksMediumUpdated•Originally published 29 October 2026•Updated 29 October 2026•
1 min read
Methanex Reports $265M Q3 Net Income and Launches 5% Share Buyback Program
Key Facts
1Methanex's Board of Directors approved a Normal Course Issuer Bid to repurchase up to 3,868,213 common shares, representing 5% of outstanding shares.
Methanex Corporation reported net income of $265 million for the third quarter of 2026. The company stated that its Adjusted EBITDA reached $543 million during the same period.
The company's Board of Directors concurrently approved a Normal Course Issuer Bid to repurchase up to 3,868,213 common shares, representing 5% of its outstanding equity. GlobeNewswire reported that the buyback program will be executed over a one-year period with the intention of cancelling shares purchased at prevailing market prices.
MEOH closed at $63.55 on October 28, 2026, with the stock trading between a session low of $63.15 and a high of $64.32.