How did MEOH's revenue and expenses shift in Q4 2024?

Methanex's financial performance in Q4 2024 was marked by several significant developments that influenced its revenue and expense profile:

1. **Revenue Increase**: Methanex reported a revenue of $935 million for Q3 2024, surpassing the Zacks Consensus Estimate of $920.1 million. This represented a year-over-year increase of 13.6% in revenue. The company's average realized methanol price was $356 per tonne, an increase of $4 from the previous quarter. The higher prices were partly offset by increased sales volumes, which contributed to the revenue growth.
2. **Net Income and EBITDA**: The company reported a net income of $31 million and an Adjusted EBITDA of $216 million for the quarter. These figures indicate a strong profitability period for Methanex, with EBITDA exceeding $200 million, a level that suggests robust operational efficiency and cash flow generation.

|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|Net Income|market_code|
|---|---|---|---|---|---|---|---|
|MEOH|MEOH.O|Methanex|2024 Q1|-11.81621552909635|9.15711E8|6.6369E7|185|
|MEOH|MEOH.O|Methanex|2024 Q2|-2.024224694796098|9.20357E8|6.3667E7|185|
|MEOH|MEOH.O|Methanex|2024 Q3|13.547041560990777|9.34801E8|6.4904E7|185|
|MEOH|MEOH.O|Methanex|2024 Q4|2.87732581397391|9.4896E8|5.5305E7|185|

|code|Ticker|Name|Date|Investing Cash Flow|Interest Expenses|Operating Expenses|market_code|
|---|---|---|---|---|---|---|---|
|MEOH|MEOH.O|Methanex|2024 Q1|-6.1689E7|2.7676E7||185|
|MEOH|MEOH.O|Methanex|2024 Q2|-1.0119E7|2.7684E7||185|
|MEOH|MEOH.O|Methanex|2024 Q3|-3.9029E7|2.7824E7||185|
|MEOH|MEOH.O|Methanex|2024 Q4|3528000|4.945E7||185|

3. **Operating Expenses**: Specific details about operating expenses, financing expenses, and investing expenses for Q4 2024 are not available. However, the company's focus on integrating OCI's methanol business and the successful commissioning of the Geismar 3 plant suggest that there may have been significant capital expenditures related to these activities. Additionally, the idling of plants in New Zealand for short-term arrangements could have led to lower operating costs during that period.
4. **Financing and Investing Expenses**: The company had a debt-to-adjusted EBITDA leverage ratio just under three times at a $350 per tonne realized price. This indicates a moderate level of debt relative to earnings, which could affect financing expenses. Investing expenses are likely to have been higher due to the completion of the Geismar 3 plant and possibly other capital projects.

In conclusion, Methanex experienced a notable increase in revenue due to higher methanol prices and sales volumes. Despite the absence of specific expense data, the company's overall financial performance indicators such as net income and EBITDA suggest efficient management of operations. The integration of OCI's methanol business and capital expenditures on new projects are likely to have influenced both revenue and expenses in the quarter.