CALGARY, AB, Sept. 14, 2023 /CNW/ – TransAlta Corporation (TSX: TA) (NYSE: TAC) (the “Company” or “TransAlta”) announced today that it has ranked first on Newsweek’s inaugural “World’s Most Trustworthy Companies 2023” list for the Energy and Utilities category. The list identifies the top 1,000 companies in 21 countries and across 23 industries.

Newsweek’s 2023 World’s Most Trustworthy companies have been chosen based on a holistic approach to evaluating trust across three pillars of public trust – customer, investor, and employee. The list was compiled based on an extensive survey of over 70,000 participants, gathering 269,000 evaluations of companies … Continue Reading

CALGARY, AB, Aug. 4, 2023 /CNW/ –

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

… Continue Reading

CALGARY, AB, May 5, 2023 /CNW/ –

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

… Continue Reading

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%

… Continue Reading

CALGARY, AB, Dec. 15, 2022 /CNW/ – TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) announced today its financial outlook for 2023.

Highlights

Adjusted EBITDA(1) range of $1.20 billion to $1.32 billion

Free Cash Flow(1)(2) range of $560 million to $660 million or FCF per share range of $2.07 to $2.44

Sustaining capital(3) range of $140 million to $170 million

Continued delivery of TransAlta’s Clean Electricity Growth Plan by reaching final investment decision on 500 MW of additional clean energy projects across Alberta, the United States and Australia to deliver $75 million to $100 million of

… Continue Reading

CALGARY, AB, Nov. 8, 2022 /CNW/ –

Third Quarter 2022 Financial Highlights

Adjusted EBITDA(1),(2) of $555 million, an increase of 38% over the same period in 2021

Free Cash Flow(1) of $393 million, or $1.45 per share, an increase of $0.68 or 88% on a per-share basis compared to the same period in 2021

Earnings before income taxes of $126 million, compared to a loss before income taxes of $441 in the same period in 2021

Net earnings attributable to common shareholders of $61 million or $0.23 per share, compared to a loss of $1.68 per

… Continue Reading

Second Quarter 2022 Financial Highlights

Adjusted EBITDA(1),(2) of $279 million, in line with expectations, a decrease of 13% over the same period in 2021

Free Cash Flow (“FCF”)(1) of $145 million, or $0.54 per share, a decrease of $0.03 on a per-share basis compared to the same period in 2021

Loss before income taxes of $22 million, a decrease of $94 million from the same period in 2021

Net loss attributable to common shareholders of $80 million or $0.30 per share, compared to a loss of $0.04 per share for the same period in 2021

Cash flow

… Continue Reading

CALGARY, AB, May 24, 2022 /CNW/ – 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”). 

Pursuant to the NCIB, TransAlta may repurchase up to a maximum of 14,000,000 Common Shares, representing approximately 7.16% of its public float of Common Shares, where the aggregate public float as at May 17, 2022, was 195,306,684 Common Shares. Purchases under the NCIB may be made through open … Continue Reading

First Quarter 2022 Financial Highlights

Adjusted EBITDA(1),(2) of $266 million, a decrease of 14% over the same period in 2021

Free Cash Flow (“FCF”)(1) of $115 million, or $0.42 per share, a decrease of 13% on a per-share basis from same period in 2021

Earnings before income taxes of $242 million, an increase of $221 million from the same period in 2021

Net earnings attributable to common shareholders of $186 million or $0.69 per share, compared to a loss of $0.11 per share for the same period in 2021

Cash flow from operating activities of $451 million

… Continue Reading

CALGARY, AB, April 28, 2022 /CNW/ – TransAlta Corporation (TSX: TA) (NYSE: TAC) (“TransAlta” or the “Company”) held its Annual and Special Meeting of Shareholders (“the Meeting”) on April 28, 2022.  The total number of common shares represented by shareholders at the Meeting and by proxy was 189,079,207, representing 69.60 per cent of the Company’s outstanding common shares.

The following resolutions were considered by shareholders:

1.            Election of Directors

The twelve director nominees proposed by management were elected.  The votes by ballot were received as follows:

Nominee

Votes For

Per cent

Withheld

Per cent

Rona H. Ambrose

180,301,403… Continue Reading

CALGARY, AB, Feb. 24, 2022 /CNW/ –

Fourth Quarter 2021 Financial Highlights

Adjusted EBITDA(1),(2) of $270 million, an increase of 15% over the same period in 2020

Free Cash Flow (“FCF”)(1) of $106 million, or $0.39 per share, an increase of 105% on a per-share basis from the same period in 2020

Loss before income taxes of $32 million, an improvement of $136 million from the same period in 2020

Cash flow from operating activities of $54 million, a decrease of 51% from the same period in 2020

Full Year 2021 Financial Highlights

Adjusted EBITDA(1),(2)

… Continue Reading