Transalta Corp. (TAC) Misses Q3 EPS by 27c, provides guidance

Transalta Corp. (NYSE: TAC) reported Q3 EPS of (Cdn$0.12), Cdn$0.27 worse than the analyst estimate of Cdn$0.15. Revenue for the quarter came in at Cdn$638 million versus the consensus estimate of Cdn$533.12 million.

2024 Financial Guidance

The following table outlines our expectations on key financial targets and related assumptions for 2024:

Adjusted EBITDA $1,150 million - $1,300 million

FCF $450 million - $600 million

FCF per share $1.47 - $1.96

Dividend per share (annualized) $0.24

For earnings history and earnings-related data on Transalta Corp. (TAC) click here.

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