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July 31, 2014
05:13 EDTMEOHMethanex reports Q2 adjusted EPS 94c, consensus $1.04
Reports Q2 revenue $792M, consensus $823M. John Floren, president and CEO of Methanex commented, "Methanol prices are lower in Q2 compared to Q1, resulting in lower Q2 earnings as compared to Q1. We believe pricing is now stabilizing at current levels. At these methanol prices, Methanex continues to generate strong EBITDA and cash flows. The methanol industry environment remains favorable, with steady demand and limited new supply additions expected in the near to medium term."
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