Why Methanex Stock Triumphed While the Market Tanked Today

MEOH jumped 14% on October 30, 2026, while the broader market sold off, after Methanex posted third-quarter results that topped analyst expectations.

Revenue grew 50% to $1.39 billion. The driver was a 48% jump in methanol prices, which the company tied to Middle East supply disruptions. Adjusted net income hit $284 million, or $3.69 per share, versus just $5 million in the year-ago quarter.

Management also authorized a share repurchase program covering up to 5% of outstanding shares. Guidance calls for methanol prices to hold at $525-$550 per tonne through November.

Interpretation: the swing from $5 million to $284 million in adjusted earnings shows how much operating leverage MEOH carries to methanol pricing. The buyback signals management sees the cash flow as durable, and the price guidance extends visibility into the current quarter. The 14% gain against a falling tape suggests buyers are treating this as a stock-specific earnings story rather than a market-wide trade.