TransAlta Reports First Quarter 2024 Results [Yahoo! Finance]
TransAlta Corporation Ordinary Shares (TAC)
Last transalta corporation ordinary shares earnings: 3/4 07:00 am
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Source: Yahoo! Finance
its financial results for the first quarter ended March 31, 2024, demonstrating strong operational and financial performance and reaffirming its 2024 outlook. First Quarter 2024 Financial Highlights TransAlta's first quarter results exceeded our expectations given the anticipated decline in Alberta spot power prices to $99 per MWh in 2024, as compared to elevated spot power prices of $142 per MWh in 2023. The 30 per cent decline in spot prices year over year was primarily due to milder weather, lower natural gas prices and incremental generation from the addition of new wind and solar supply in the market. Highlights for the quarter include: Adjusted EBITDA of $328 million, compared to $503 million for the same period in 2023 Free Cash Flow ("FCF") of $206 million or $0.67 per share, compared to $263 million or $0.98 per share for the same period in 2023 Earnings before income taxes of $267 million, compared to $383 million for the same period in 2023 Net earnings attribut
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News
- How TransAlta Stock Gained 17% Last Month [Yahoo! Finance Canada]Yahoo! Finance Canada
- After losing 23% in the past year, TransAlta Corporation (TSE:TA) institutional owners must be relieved by the recent gain [Yahoo! Finance]Yahoo! Finance
- Avoid These 2 Stocks in 2024, But Consider Investing in This 1 Instead! [Yahoo! Finance Canada]Yahoo! Finance Canada
- TransAlta Corporation (NYSE:TAC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- TransAlta shelves wind farm and other projects citing rule changes in Alberta [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
TAC
Earnings
- 5/3/24 - Beat
TAC
Sec Filings
- 5/3/24 - Form 6-K
- 5/3/24 - Form 6-K
- 4/26/24 - Form 6-K
- TAC's page on the SEC website