For the fourth quarter of 2024, Methanex reported net income attributable to Methanex shareholders of $45 million compared to net income of $31 million in the third quarter of 2024. Adjusted EBITDA for the fourth quarter of 2024 was $224 million and adjusted net income was $84 million. This compares with adjusted EBITDA of $216 million and adjusted net income of $82 million for the third quarter of 2024.
Our average realized price in the fourth quarter was $370 per ton compared to $356 per ton in the third quarter of 2024. The increase in average realized price was driven by tightening market conditions from lower supply compared to the third quarter coupled with steady demand.
Rich Sumner, president and CEO of Methanex, adds, “2024 was a significant year for Methanex. Thanks to the dedication of our global team, we achieved the best safety performance in the company’s history, successfully achieved commercial production at G3, and announced the acquisition of OCI Global’s methanol business. Our top priorities for 2025 are operating our assets and supply chain safely, reliably, and efficiently.”