TransAlta

TransAlta Corp. engages in the generation and distribution of electricity through wind, hydro, gas and coal power plants. It operates through the following business segments: Hydro, Wind and Solar, Gas, Energy Transition, Energy Marketing, and Corporate. The Hydro, Wind and Solar, Gas and Energy Transition business segments are responsible for operating and maintaining the company's electrical generation facilities in Canada, Australia, and the US. The Energy Marketing segment is responsible for marketing and scheduling the company's merchant asset fleet outside of Alberta along with procurement of gas, transport and storage to the company's gas fleet, providing intellectual knowledge to support the company's growth team, and generating a stand-alone gross margin separate from the company's asset business through a North American energy marketing platform. The company was founded by William Maxwell Aitken in 1909 and is headquartered in Calgary, Canada.

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CALGARY, Alberta, May 27, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) announced today that the Toronto Stock Exchange (“TSX”) has accepted the notice filed by the Company to implement a normal course issuer bid (“NCIB”) for a portion of its common shares (“Common Shares”).

TransAlta Renews Normal Course Issuer Bid

CALGARY, Alberta, May 21, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) announced today that the 200 MW Horizon Hill Wind Project ("Horizon Hill"), located in Logan County, Oklahoma, has achieved commercial operation. The facility is fully contracted to Meta Platforms Inc. ("Meta"), which is receiving both clean electricity and environmental attributes from the new facility.

TransAlta Achieves Commercial Operation of 200 MW Horizon Hill Wind Facility, increasing its United States Renewables Fleet to over 1 GW

TransAlta has been a disappointing investment, underperforming other sectors. Q1-2024 showed solid financial performance, with adjusted EBITDA beating consensus estimates. TAC's hedging strategy has allowed it to secure premium prices for future years and continues to derisk the investment case.

TransAlta: Compelling Value At 18% Free Cash Flow Yield

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TransAlta Corporation (NYSE:TAC ) Q1 2024 Earnings Conference Call May 3, 2024 11:00 AM ET Company Participants Chiara Valentini - Vice President, Strategic Finance & Investor Relations John Kousinioris - President & Chief Executive Officer Todd Stack - Executive Vice President, Finance & Chief Financial Officer Blain Van Melle - Executive Vice President, Commercial & Customer Relations Conference Call Participants Mark Jarvi - CIBC John Mould - TD Securities Ben Pham - BMO Maurice Choy - RBC Capital Markets Patrick Kenny - NBF Chris Varcoe - Calgary Herald Operator Good morning. My name is Carmen, and I will be your conference operator today.

TransAlta Corporation (TAC) Q1 2024 Earnings Call Transcript

CALGARY, Alberta, May 03, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) today reported its financial results for the first quarter ended March 31, 2024, demonstrating strong operational and financial performance and reaffirming its 2024 outlook.

TransAlta Reports First Quarter 2024 Results

CALGARY, Alberta, April 25, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (TSX: TA) (NYSE: TAC) ("TransAlta" or the "Company") held its Annual Meeting of Shareholders (“the Meeting”) on April 25, 2024. The total number of common shares represented by shareholders at the Meeting and by proxy was 194,587,285, representing 63.21 per cent of the Company's outstanding common shares.

TransAlta Corporation Announces Results of the Annual Meeting of Shareholders and Election of all Directors

The average of price targets set by Wall Street analysts indicates a potential upside of 78.3% in TransAlta (TAC). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts See a 78.25% Upside in TransAlta (TAC): Can the Stock Really Move This High?

CALGARY, Alberta, April 24, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) announced today that the combined 300 MW White Rock East and White Rock West wind facilities (“White Rock”), located in Caddo County, Oklahoma, have achieved commercial operation. The White Rock wind facilities are fully contracted to Amazon Energy LLC (“Amazon”) and are currently supplying clean and affordable electricity to our customer. TransAlta's portfolio in the US now totals 820 MW in net operating renewable energy capacity.

TransAlta Achieves Commercial Operation of 300 MW White Rock Project and Increases its US Renewables Fleet to 820 MW

CALGARY, Alberta, April 19, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) announced today that it has signed onto a voluntary water-sharing memorandum of understanding (“MOU”) with over thirty other water licence holders in the Bow River Basin.

TransAlta Joins Other Water Licence Holders and the Alberta Government to collaborate on flow management on the Bow River System

TransAlta (TAC) makes a strong case for investment, given its growth prospects, strong return on equity and ability to increase shareholders' value.

Here's Why You Should Add TransAlta (TAC) to Your Portfolio Now

CALGARY, Alberta, April 11, 2024 (GLOBE NEWSWIRE) -- TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) announced today the retirement of Todd Stack, Executive Vice-President, Finance and Chief Financial Officer from the Company, effective June 30, 2024. “On behalf of the Board of Directors and management team, I wish to express my deep appreciation to Todd for his contributions to TransAlta and its success during his 34-year tenure with the Company.

TransAlta Announces Retirement of CFO and Appointment of New CFO

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CALGARY, AB , March 28, 2024  /PRNewswire/ -  2024 Annual Meeting of TransAlta Corporation Shareholders On Thursday, April 25, 2024, TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) will hold its annual meeting of shareholders at 11:00 a.m. Mountain Time (1:00 p.m.

Media Advisory: TransAlta Annual Meeting of Shareholders and First Quarter 2024 Results and Conference Call

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Brokers Suggest Investing in TransAlta (TAC): Read This Before Placing a Bet

TransAlta (TAC) closed at $6.87 in the latest trading session, marking a -1.01% move from the prior day.

TransAlta (TAC) Suffers a Larger Drop Than the General Market: Key Insights

The mean of analysts' price targets for TransAlta (TAC) points to a 72.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Think TransAlta (TAC) Could Surge 72.17%: Read This Before Placing a Bet

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Wall Street Bulls Look Optimistic About TransAlta (TAC): Should You Buy?

TransAlta Corporation (TAC) Q4 2023 Earnings Call Transcript

CALGARY, AB , Feb. 23, 2024 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) today reported its financial results for the fourth quarter and year ended Dec. 31, 2023, which highlight another year of exceptional performance led by strong financial, operational and safety results. Full Year 2023 Financial Highlights Key financial guidance and targets increased twice during 2023 Adjusted EBITDA(1) of $1,632 million, compared to $1,634 million from the same period in 2022 Free Cash Flow ("FCF")(1) of $890 million, or $3.22 per share, compared to $3.55 per share from the same period in 2022 Cash flow from operating activities of $1,464 million, an increase of $587 million from the same period in 2022 Earnings before income taxes of $880 million, an improvement of $527 million from the same period in 2022 Net earnings attributable to common shareholders of $644 million, an increase of $640 million from the same period in 2022 Announced a 9 per cent increase to the common share dividend, representing the fifth consecutive annual dividend increase Returned $87 million of capital to common shareholders during the year through the buyback of 7.5 million common shares Fourth Quarter 2023 Financial Highlights Adjusted EBITDA of $289 million, compared to $541 million for the same period in 2022 FCF of $121 million, or $0.39 per share, compared to $315 million or $1.17 per share for the same period in 2022 Cash flow from operating activities of $310 million, compared to $351 for the same period in 2022 Net loss before income taxes of $35 million, a decrease of $42 million for the same period in 2022 Net loss attributable to common shareholders of $84 million, an increase of $79 million from the same period in 2022 Other Business Highlights and Updates Announced an enhanced common share repurchase program for 2024 of up to $150 million towards the repurchase of common shares, representing up to 40 per cent of 2024 FCF guidance being returned to shareholders in the form of share repurchases and dividends Achieved strong safety performance in 2023, including a record annual Total Recordable Injury Frequency of 0.30 Strong operational adjusted availability of 88.8% Maintained emissions intensity at 0.41 tCO2e/MWh from 2022 levels Entered into 10-year transfer agreements with an AA- rated customer for the sale of approximately 80 per cent of the expected production tax credits to be generated from the White Rock and Horizon Hill wind facilities Completed the Kent Hills rehabilitation program in the first quarter of 2024.

TransAlta Reports Full Year and Fourth Quarter 2023 Results and Announces Enhanced Share Repurchase Program

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TransAlta's (TAC) Q4 earnings are likely to have gained from the contribution of acquired assets in 2023. However, higher OM&A expenses are likely to have offset some upsides.

TransAlta (TAC) to Post Q4 Earnings: Here's What to Expect

News for TransAlta Stock (TAC)