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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

TransAlta Corporation (NYSE:TAC ) Q2 2023 Earnings Conference Call August 4, 2023 11:00 AM ET Company Participants Chiara Valentini - Investor Relations John Kousinioris - President and Chief Executive Officer Todd Stack - EVP, Finance and Chief Financial Officer Conference Call Participants Dariusz Lozny - Bank of America Mark Jarvi - CIBC Ben Pham - BMO Capital Markets Rob Hope - Scotiabank Andrew Kuske - Credit Suisse Naji Baydoun - iA Capital Markets Patrick Kenny - National Bank Financial Chris Varcoe - Calgary Herald Operator Good morning. My name is Joelle, and I will be your conference operator today.

TransAlta Corporation (TAC) Q2 2023 Earnings Call Transcript

CALGARY, AB , Aug. 4, 2023 /PRNewswire/ - Second Quarter 2023 Financial Highlights Adjusted EBITDA(1) of $387 million, an increase of 39 per cent over the same period in 2022 Free Cash Flow ("FCF")(1) of $278 million, or $1.05 per share, an increase of 94 per cent on a per-share basis from the same period in 2022 Earnings before income taxes of $79 million, an improvement of $101 million from the same period in 2022 Net earnings attributable to common shareholders of $62 million, an increase of $142 million from the same period in 2022 Cash flow from operating activities of $11 million, an increase of $140 million from the same period in 2022 Other Business Highlights Entered into a definitive arrangement agreement with TransAlta Renewables to acquire all of the outstanding common shares of TransAlta Renewables subject to the approval of TransAlta Renewables shareholders Entered into an automatic share purchase plan ("ASPP") to facilitate repurchases of common shares through the normal course issuer bid during blackout period. The Company returned $71 million of capital to common shareholders in the first and second quarter of 2023 through buybacks of 6.1 million common shares Kent Hills rehabilitation program on track with 27 turbines fully reassembled.

TransAlta Reports Second Quarter 2023 Results and Raises 2023 Financial Guidance

Dominion Energy

Evergy Inc

PNM Resources

Q2 earnings and revenues of Utility stocks are expected to have declined 4.7% and 4.1%, respectively, year over year. Let???s see how D, PNM, TAC, EVRG & AES report.

Utility Stocks' Q2 Earnings to Watch on Aug 4: D, PNM & More

TransAlta's (TAC) second-quarter 2023 earnings are expected to have gained from new agreements to deliver clean power. However, higher operation and maintenance costs might have marginally offset positives.

TransAlta (TAC) to Report Q2 Earnings: Here's What to Expect

The average of price targets set by Wall Street analysts indicates a potential upside of 28.3% 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 Think TransAlta (TAC) Could Surge 28.25%: Read This Before Placing a Bet

On our last coverage we had chosen TransAlta Corporation over TransAlta Renewables. The offer this morning for TransAlta Renewables by the parent was likely less than what long suffering bulls wanted. We analyze the offer and tell you why it's close to adequate if not adequate.

The TransAlta Merger: Thoughts And A Potential Double-Digit Yield Play

Electric utility TransAlta Corp will buy shares of TransAlta Renewables Inc it does not already own for C$1.38 billion ($1.04 billion) in a cash-and-stock deal, the company said on Tuesday.

TransAlta to buy TransAlta Renewables for $1 bln

Business combination creates a unified, large-scale clean electricity leader to serve customers with clean and reliable electricity Creates a single, publicly-traded entity with one strategy and a simplified governance structure that facilitates growth, and provides greater clarity around the execution of the Clean Electricity Growth Plan The combined company enhances diversification, increases public float and trading liquidity, with attractive transaction metrics that unlocks value to the benefit of all shareholders Consideration payable to shareholders of TransAlta Renewables Inc. is equal to $13.00 per common share, which represents an 18.3% premium based on a closing price of $ 10.99 per common share of TransAlta Renewables Inc. as of July 10, 2023 Shareholders of TransAlta Renewables Inc. will be entitled to choose to receive, for each common share of TransAlta Renewables Inc. that they hold, 1.0337 common shares of TransAlta Corporation or $ 13.00 in cash , subject to pro-rationing based on a maximum aggregate issuance of 46,441,779 common shares of TransAlta Corporation and maximum aggregate cash consideration of $800 million A special committee of independent directors of TransAlta Renewables Inc., who conducted an independent and comprehensive review process, supported by the receipt of two fairness opinions, unanimously recommends that the shareholders of TransAlta Renewables Inc. vote in favour of the transaction CALGARY, AB , July 11, 2023 /PRNewswire/ - TransAlta Corporation (TSX: TA) (NYSE: TAC) ("TransAlta") and TransAlta Renewables Inc. (TSX: RNW) ("RNW") today announced that they have entered into a definitive arrangement agreement (the "Agreement") under which TransAlta will acquire all of the outstanding common shares of RNW (each, a "RNW Share") not already owned, directly or indirectly, by TransAlta and certain of its affiliates, subject to the approval of RNW shareholders. "With the execution of our Clean Electricity Growth Plan well underway, it is clear that the strategies of both TransAlta and RNW have converged.

TransAlta Corporation to Acquire TransAlta Renewables Inc. to Simplify Structure and Enhance Strategic Position

Algonquin Power & Utilities

Atlantica Sustainable Infrastructure

Brookfield Asset Management

Brookfield Renewable Partners

Brookfield Corp

Clearway Energy

Duke Energy

NextEra Energy

TotalEnergies SE

Renewable energy stocks have been beaten down severely over the past 10 months. Cost of capital concerns along with political uncertainty are weighing on the sector. That said, leading investors remain bullish on the sector and so do we.

$825 Billion Asset Manager Says Buy Renewables: Our Top Picks

The average of price targets set by Wall Street analysts indicates a potential upside of 30.5% 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 Believe TransAlta (TAC) Could Rally 30.49%: Here's is How to Trade

Avista

Con Ed

E.ON SE

Pampa Energia

If you are planning on investing in utilities today, better keep the long-term perspective in mind.

5 Picks from The Very Attractive Power Utility Industry

TransAlta (TAC) makes a strong case for investment, given its positive estimate revision, strong earnings surprise history and focus on generating clean energy.

Reasons to Add TransAlta (TAC) Stock to Your Portfolio Now

The mean of analysts' price targets for TransAlta (TAC) points to a 33% 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.

Does TransAlta (TAC) Have the Potential to Rally 33.02% as Wall Street Analysts Expect?

The average of price targets set by Wall Street analysts indicates a potential upside of 30.7% 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 Predict a 30.67% Upside in TransAlta (TAC): Here's What You Should Know

SIGA Technologies

United Continental Hlds

Wabash National

Investing in high earnings yield stocks is a compelling strategy for value investors seeking long-term growth opportunities. Unlock profit potential with stocks like WNC, UAL, TAC and SIGA.

4 High Earnings Yield Stocks for a Value-Driven Portfolio

TransAlta dealt the market a big surprise when its Q1 2023 revenue came in 72% above expectation. The analyst community wasn't even in the right ballpark on the FFO. TAC has entered into a share purchase program to purchase 14,000,000 shares (5.2% of outstanding shares) which should narrow the discount to fair value.

TransAlta: Earnings Beat And Still Too Cheap

TransAlta Corporation (NYSE:TAC ) Q1 2023 Earnings Conference Call May 5, 2023 11:00 AM ET Company Participants Chiara Valentini - Vice President, Strategic Finance and IR John Kousinioris - President and CEO Todd Stack - EVP, Finance and CFO Kerry O'Reilly Wilks - Executive Vice President, Legal, Commercial and External Affairs Conference Call Participants Rob Hope - Scotiabank John Mould - TD Dariusz Lozny - Bank of America Ben Pham - BMO Mark Jarvi - CIBC Capital Markets Maurice Choy - RBC Capital Markets Andrew Kuske - Credit Suisse Naji Baydoun - AI Capital Markets Patrick Kenny - National Bank Financial Chris Varcoe - Calgary Herald Operator Good morning. At this time, I would like to welcome everyone to TransAlta Corporation's First Quarter 2023 Results Conference Call.

TransAlta Corporation (TAC) Q1 2023 Earnings Call Transcript

CALGARY, AB , May 5, 2023 /PRNewswire/ - First Quarter 2023 Financial Highlights Adjusted EBITDA(1),(2) of $503 million, an increase of 94% over the same period in 2022 Free Cash Flow ("FCF")(1) of $263 million, or $0.98 per share, an increase of 145% on a per-share basis from the same period in 2022 Earnings before income taxes of $383 million, an improvement of $141 million from the same period in 2022 Net earnings attributable to common shareholders of $294 million, an increase of $108 million from the same period in 2022 Cash flow from operating activities of $462 million, an increase of 2% from the same period in 2022 Other Business Highlights Returned $36 million of capital to common shareholders through share buybacks of 3.2 million common shares Entered into an automatic share purchase plan to facilitate repurchases of common shares through the normal course issuer bid during blackout periods Announced agreement to acquire a 50% interest in a 320 MW early-stage pumped hydro development project Kent Hills rehabilitation program on track with 13 turbines reassembled and commissioning commenced in late April Garden Plain construction nearing completion with all turbines assembled and commercial operations to commence during the second quarter of 2023 Northern Goldfields construction nearing completion with commercial operations to commence during the second quarter of 2023 Mount Keith 132kV expansion project construction activities have commenced and are on track to be completed in latter half of 2023 2023 Revised Outlook Increased 2023 annual financial guidance as set out below: Adjusted EBITDA range of $1.45 billion to $1.55 billion, an increase of 19% at the midpoint of prior guidance FCF range of $650 million to $750 million, an increase of 15% at the midpoint of prior guidance Energy Marketing gross margin range of $130 million to $150 million, an increase of 40% at the midpoint of prior guidance TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) today reported its financial results for the three months ended March 31, 2023. "Our first quarter results continue to demonstrate the value of our strategically diversified fleet.

TransAlta Reports First Quarter 2023 Results and Raises 2023 Financial Guidance

CALGARY, AB , April 28, 2023 /PRNewswire/ - TransAlta Corporation (TSX: TA) (NYSE: TAC) ("TransAlta" or the "Company") held its Annual and Special Meeting of Shareholders ("the Meeting") on April 28, 2023.  The total number of common shares represented by shareholders at the Meeting and by proxy was 151,051,401, representing 56.49 per cent of the Company's outstanding common shares.

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

The mean of analysts' price targets for TransAlta (TAC) points to a 43.9% 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.

How Much Upside is Left in TransAlta (TAC)? Wall Street Analysts Think 43.89%

Albemarle

American Superconductor

Array Technologies

MasTec

ReneSola

Clean energy stocks are expected to see continued growth. According to the U.S. Energy Information Administration, U.S. power generation from new renewables (primarily wind and solar) is expected to reduce coal and natural gas-fired energy production through 2024 at least.

The 7 Best Clean Energy Stocks to Buy in 2023

TransAlta Corporation (NYSE:TAC ) Q4 2022 Earnings Conference Call February 23, 2023 11:00 AM ET Company Participants Chiara Valentini - Vice President, Strategic Finance and IR John Kousinioris - President and CEO Todd Stack - Executive Vice President, Finance and CFO Kerry O'Reilly Wilks - Executive Vice President, Legal, Commercial and External Affairs Conference Call Participants Mark Darby - CIBC Capital Markets Maurice Choy - RBC Capital Markets Rob Hope - Scotiabank Patrick Kenny - National Bank John Mould - TD Securities Ben Pham - BMO Naji Baydoun - IA Capital Markets Chris Varcoe - Calgary Herald Operator Good morning. My name is Julie, and I will be your conference operator today.

TransAlta Corporation (TAC) Q4 2022 Earnings Call Transcript

Fourth Quarter 2022 Financial Highlights Adjusted EBITDA(1),(2) of $541 million, an increase of 123% over the same period in 2021 Free Cash Flow ("FCF")(1) of $315 million, or $1.17 per share, an increase of 303% on a per-share basis from the same period in 2021 Earnings before income taxes of $7 million, an improvement of $39 million from the same period in 2021 Cash flow from operating activities of $351 million, an increase of 550% from the same period in 2021 Full Year 2022 Financial Highlights Adjusted EBITDA(1),(2) of $1.63 billion, an increase of 27% from the same period in 2021 FCF(1) of $961 million or $3.55 per share, an increase of 64% on a per-share basis from the same period in 2021 Earnings before income taxes of $353 million, an increase of $733 million from 2021 Cash flow from operating activities of $877 million, a decrease of 12% from the same period in 2021 Other Business and ESG Highlights Announced over 200 MW of renewable growth projects, including the Horizon Hill wind facility and Mount Keith 132kV transmission expansion, securing 40% of our 5-year 2 GW Clean Electricity Growth Plan target Completed and executed contract renewals with our customers at the Sarnia Regional Cogeneration Plant ("Sarnia"), including the Ontario Independent Electricity System Operator ("IESO") Announced a 10-year contract extension at the Kent Hills wind facility with New Brunswick Power Corporation ("NB Power") and advanced rehabilitation efforts, with the facility expected to fully return to service in the second half of 2023. The parties have also agreed to evaluate the installation of a battery energy storage system and potential repowering at the facilities end of life in 2045 Announced agreement to acquire a 50% interest in a 320 MW early-stage pumped hydro development project Reduced annual carbon emissions by 2.3 million tonnes, an 18% reduction compared to 2021 Accelerated our business transformation to become net-zero by 2045 Received ESG ratings of 'A-' with CDP (formerly known as the Carbon Disclosure Project) and 'A' with MSCI (Morgan Stanley Capital International) Achieved a strong safety performance, including a record Total Recordable Injury Frequency of 0.39 Increased the common share dividend by 10% to an annualized dividend of $0.22 per share Returned $54 million of capital to common shareholders during the year through share buybacks of 4.3 million common shares CALGARY, AB , Feb. 23, 2023 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) today reported its financial results for the fourth quarter and full year ended Dec. 31, 2022.

TransAlta Reports Fourth Quarter and Full Year 2022 Results and Commits to Net-Zero by 2045

CALGARY, AB , Feb. 16, 2023 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) announced today that it has entered into a definitive agreement to acquire a 50% interest in the Tent Mountain Renewable Energy Complex ("Tent Mountain" or the "Project"), an early-stage 320 MW pumped hydro energy storage development project, located in southwest Alberta, currently owned by Montem Resources Limited ("Montem") (ASX:MR1). TransAlta and Montem will form a partnership and jointly manage the Project, with TransAlta acting as project developer.

TransAlta Announces Acquisition of 50% Interest in Early-Stage Pumped Hydro Energy Storage Development Project

Cameco

Constellation Energy Corp

Fusion Fuel Green

Although the issue remains a point of contention, increasingly, government agencies and a consensus of scientists have urged society to adopt a cleaner approach to infrastructure, thus boding well for green-focused energy stocks to buy. Most importantly, investors should consider this subsegment due to its lucrative profile.

7 Energy Stocks to Invest in for a Greener Portfolio

News for TransAlta Stock (TAC)