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

Brookfield Renewable Partners

Cameco

Constellation Energy Corp

Clearway Energy

Fusion Fuel Green

NextEra Energy

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

TransAlta Renewables has struggled to deliver the goods, with the Kent Hills problems taking a long time to resolve. TransAlta Corporation has offset the renewable side weakness of the daughter company with extremely strong power pricing.

The TransAltas: Why We Still Prefer The Parent

CALGARY, AB , Jan. 23, 2023 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) will release its fourth quarter and full year 2022 results before markets open on Thursday, February 23, 2023. A conference call and webcast to discuss the results will be held for investors, analysts, members of the media and other interested parties the same day beginning at 9:00 a.m.

Media Advisory: TransAlta and TransAlta Renewables Fourth Quarter and Full Year 2022 Results and Conference Call

EDMONTON, Alberta--( BUSINESS WIRE )--Lafarge Canada (“Lafarge”) and TransAlta Corporation (“TransAlta”) (TSX: TA) (NYSE: TAC) have entered into an agreement that will advance low-carbon concrete projects in Alberta. The newest project will repurpose landfilled fly ash, a waste product from TransAlta's Canadian coal-fired electricity operations west of Edmonton, which ended in 2021. The ash will be used to replace cement in concrete manufacturing.

Lafarge Canada and TransAlta announce agreement to advance low-carbon concrete with fly ash repurposing project in Alberta

CALGARY, AB , Dec. 15, 2022 /PRNewswire/ - 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 incremental adjusted EBITDA Appointment of Ms.

TransAlta Announces Outlook for 2023 and Update on Corporate Strategy

The consensus price target hints at a 34.5% upside potential for TransAlta (TAC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Does TransAlta (TAC) Have the Potential to Rally 34% as Wall Street Analysts Expect?

CALGARY, AB , Nov. 14, 2022 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) is pleased to announce that it priced a public offering ("the Offering") of US$400 million aggregate principal amount of its 7.750% senior notes due November 15, 2029, at an issue price equal to 100% of the principal amount of the notes, in an underwritten U.S. public offering. Including the gain on the corresponding interest rate hedges, the issuance equates to an effective yield of approximately 5.982%.

TransAlta Announces Pricing of US$400 Million Senior Green Bond Offering

The mean of analysts' price targets for TransAlta (TAC) points to a 34.1% 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.

Can TransAlta (TAC) Climb 34% to Reach the Level Wall Street Analysts Expect?

CALGARY, AB , Nov. 14, 2022 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) is pleased to announce it has commenced a U.S. public offering of its senior notes. TransAlta intends to use the net proceeds from the sale of the notes to repay C$100 million drawn on its credit facility and replace balance sheet cash used to fund the repayment in full of TransAlta's 4.500% unsecured senior notes on November 15, 2022 and pay any related fees and expenses.

TransAlta Announces Public Offering of U.S. Senior Green Bonds and Releases Inaugural Green Bond Framework

TAC delivered results in spades in Q3 2022. I believe TAC is at least 37% undervalued based on a sum of the parts valuation.

TransAlta: Among The Best Value Plays In The Conventional And Renewable Power Space

TransAlta Corporation (NYSE:TAC ) Q3 2022 Earnings Conference Call November 8, 2022 11:00 AM ET Company Participants Holly Tomte - Manager of Investor Relations John Kousinioris - President and Chief Executive Officer Todd Stack - Executive Vice President of Finance and Chief Financial Officer Kerry O'Reilly Wilks - Executive Vice President of Legal, Commercial, and External Affairs Conference Call Participants Robert Hope - Scotiabank Mark Darby - CIBC Capital Markets Dariusz Lozny - Bank of America Maurice Choy - RBC Capital Markets Andrew Kuske - Credit Suisse John Mould - TD Securities Naji Baydoun - IA Capital Markets Patrick Kenny - National Bank Financial Chris Varcoe - The Calgary Herald Operator Good morning. My name is Suvi and I will be your conference operator today.

TransAlta Corporation (TAC) Q3 2022 Earnings Call Transcript

CALGARY, AB , Nov. 8, 2022 /PRNewswire/ - 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 share for the same period in 2021 Cash flow from operating activities of $204 million, a decrease of $406 million for the same period in 2021 Increased annual common share dividend by 10% to $0.22 per year effective Jan. 1, 2023, representing the fourth consecutive annual increase Returned $34 million of capital to common shareholders during the nine months ended Sept. 30, 2022, through share buybacks of 2.7 million common shares Other Business Highlights Executed contract renewals for five additional years for the Sarnia cogeneration and Melancthon 1 wind facilities with the Ontario Independent Electricity System Operator ("IESO") Expanded TransAlta's development pipeline by 553 MW across Canada and the United States Announced Ms.

TransAlta Reports Third Quarter 2022 Results, Increases 2022 Financial Guidance, and Announces a 10% Common Share Dividend Increase

The consensus price target hints at a 42% upside potential for TransAlta (TAC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts See a 42% Upside in TransAlta (TAC): Can the Stock Really Move This High?

CALGARY, AB , Oct. 11, 2022 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) will release its third quarter 2022 results before markets open on Tuesday, November 8, 2022. A conference call and webcast to discuss the results will be held for investors, analysts, members of the media and other interested parties the same day beginning at 9:00 a.m.

Media Advisory: TransAlta and TransAlta Renewables Third Quarter 2022 Results and Conference Call

CALGARY, AB , Sept. 21, 2022 /PRNewswire/ - Further to TransAlta Corporation's ("TransAlta" or the "Company") (TSX: TA)(NYSE: TAC) press release dated August 31, 2022, the Company announced today that after taking into account all election notices received for the conversion of the Cumulative Redeemable Rate Reset Preferred Shares, Series E (the "Series E Shares") into Cumulative Redeemable Floating Rate Preferred Shares, Series F (the "Series F Shares"), there were only 89,945 Series E Shares tendered for conversion, which is less than the one million shares required to give effect to conversions into Series F Shares.

TransAlta Corporation Announces Conversion Results for Series E and F Preferred Shares

CALGARY, AB , Aug. 31, 2022 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA); (NYSE: TAC) announced today that it does not intend to exercise its right to redeem all or any part of the currently outstanding cumulative redeemable rate reset first preferred shares Series E ("Series E Shares") (TSX: TA.PR.H) on September 30, 2022 (the "Conversion Date"). As a result and subject to certain conditions set out in the prospectus supplement dated August 3, 2012 relating to the issuance of the Series E Shares, the holders of the Series E Shares will have the right to convert all or any of their Series E Shares into cumulative redeemable floating rate first preferred shares Series F of the Company ("Series F Shares") on the basis of one Series F Share for each Series E Share on the Conversion Date.

TransAlta Corporation Provides Notice of Series E Preferred Shares Conversion Right and Announces Reset Dividend Rates

TransAlta Corporation (NYSE:TAC ) Q2 2022 Earnings Conference Call August 6, 2022 11:00 AM ET Company Representatives John Kousinioris - President, Chief Executive Officer Todd Stack - EVP Finance, Chief Financial Officer Kerry O'Reilly Wilks - EVP, Legal, Commercial, External Affairs Chiara Valentini - VP, Strategic Finance & IR Conference Call Participants Mark Jarvi - CIBC Capital Markets John Mould - TD Securities Maurice Choy - RBC Capital Markets Dariusz Lozny - Bank of America Ben Pham - BMO Andrew Kuske - Credit Suisse Naji Baydoun - iA Capital Markets Chris Varcoe - The Calgary Herald Operator Good morning! My name is Joanna, and I will be your conference operator today.

TransAlta Corporation (TAC) CEO John Kousinioris on Q2 2022 Results - Earnings Call Transcript

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 used in operating activities of $129 million, an increase of $209 million from same period in 2021 Other Business Highlights Announced a 10-year contract extension, receipt of waiver from bondholders and commencement of rehabilitation plan at Kent Hills wind facilities Announced the 200 MW Horizon Hill wind project supplying Meta with renewable power under a long-term Power Purchase Agreement ("PPA") Secured capacity commitment extensions for three of the large industrial customers at the Sarnia cogeneration facility (one to 2031 and two to 2032) Reached agreement with BHP Nickel West to expand the Mount Keith 132kV transmission system in Western Australia Executed a long-term PPA for the remaining 30 MW of capacity at the Garden Plain wind project Added 325 MW to our renewable development pipeline in Canada and the United States Received an upgraded MSCI ESG Rating of 'A' from 'BBB' Announced a US$25 million investment in Energy Impact Partners Deep Decarbonization Frontier Fund 1 Received a decision from the Court of Appeal upholding TransAlta's favourable force majeure arbitration decision In the year-to-date returned $18 million of capital to common shareholders through share buybacks of 1.4 million common shares Launched our new visual identity and "Energizing the Future" campaign Completed the conversion of elected Series C to Series D Preferred Shares which began trading on the TSX on June 30, 2022 under the symbol TA.PR.G CALGARY, AB , Aug. 5, 2022 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) today reported its financial results for the three and six months ended June 30, 2022. "TransAlta delivered solid second quarter results for 2022.

TransAlta Reports Second Quarter 2022 Results

TransAlta's (TAC) second-quarter earnings are likely to have been driven by existing long-term contracts and a decline in outstanding shares.

TransAlta (TAC) Set to Report Q2 Earnings: What's in Store?

CALGARY, AB , July 12, 2022 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) announced today a correction to its media advisory issued July 6, 2022 in respect to the release date of TransAlta Renewables Inc. ("TransAlta Renewables") (TSX:RNW) second quarter 2022 results. The correct date for the release of TransAlta Renewables second quarter 2022 results is before markets open on Thursday, August 4, 2022.

Correction Notice to Media Advisory Regarding Release Date of TransAlta Renewables Second Quarter 2022 Results

TransAlta (TAC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

TransAlta (TAC) Upgraded to Strong Buy: What Does It Mean for the Stock?

CALGARY, AB , June 20, 2022 /PRNewswire/ - Today, TransAlta Corporation (TSX: TA) (NYSE: TAC) ("TransAlta") announced a new visual identity including logo and tagline. The new visual identity encapsulates the TransAlta of today while reinforcing the Company's focus as a leader in creating a carbon-neutral future for our customers.

TransAlta Corporation Debuts New Brand Reiterating Commitment to a Clean Energy Future

CALGARY, AB , June 16, 2022 /PRNewswire/ - Further to TransAlta Corporation's ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) press release dated May 31, 2022, the Company announced today that 1,044,299 of its 11,000,000 currently outstanding Cumulative Redeemable Rate Reset First Preferred Shares, Series C ("Series C Shares") were tendered for conversion, on a one-for-one basis, into Cumulative Redeemable Floating Rate First Preferred Shares, Series D ("Series D Shares") after having taken into account all election notices following the June 15, 2022 conversion deadline.  As a result, on June 30, 2022, the Company will have 9,955,701 Series C Shares issued and outstanding and 1,044,299 Series D Shares issued and outstanding.

TransAlta Corporation Announces Conversion Results for Series C and D Preferred Shares

CALGARY, AB , June 9, 2022 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) announced that the Alberta Court of Appeal released a unanimous decision today dismissing an application filed by ENMAX Energy Corporation ("ENMAX") and the Balancing Pool seeking to set aside an arbitration decision in favour of TransAlta. The Court of Appeal upheld the Company's claim of force majeure that arose when its Keephills 1 generating unit tripped off-line in 2013.

Court of Appeal Upholds TransAlta's Favourable Force Majeure Arbitration Decision

CALGARY, AL, May 31, 2022 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) announced today that it does not intend to exercise its right to redeem all or any part of the currently outstanding cumulative redeemable rate reset first preferred shares Series C ("Series C Shares") (TSX: TA.PR.F) on June 30, 2022 (the "Conversion Date"). As a result and subject to certain conditions set out in the prospectus supplement dated November 23, 2011 relating to the issuance of the Series C Shares, the holders of the Series C Shares will have the right to convert all or any of their Series C Shares into cumulative redeemable floating rate first preferred shares Series D of the Company ("Series D Shares") on the basis of one Series D Share for each Series C Share on the Conversion Date.

News for TransAlta Stock (TAC)