Transalta Corp. (TAC) Tops Q1 EPS by 4c
Transalta Corp. (NYSE: TAC) reported Q1 EPS of Cdn$0.15, Cdn$0.04 better than the analyst estimate of Cdn$0.11. Revenue for the quarter came in at Cdn$758 million versus the consensus estimate of Cdn$660 million.
2025 Outlook
We remain confident in our ability to meet our 2025 Outlook.
The following table outlines our expectations on key financial targets and related assumptions for 2025 and should be read in conjunction with the narrative discussion that follows and the Governance and Risk Management section of TransAlta's first quarter 2025 MD&A for additional information:
| Measure | 2025 Target |
| Adjusted EBITDA | $1,150 to $1,250 million |
| FCF | $450 to $550 million |
| FCF per share | $1.51 to $1.85 |
| Annual dividend per share | $0.26 annualized |
The Company's outlook for 2025 may be impacted by a number of factors as detailed below.
| Market | 2025 Assumptions |
| Alberta spot ($/MWh) | $40 to $60 |
| Mid-Columbia spot (US$/MWh) | US$50 to US$70 |
| AECO gas price ($/GJ) | $1.60 to $2.10 |
Alberta spot price sensitivity: a +/- $1 per MWh change in spot price is expected to have a +/-$2 million impact on adjusted EBITDA for the balance of the year.
For earnings history and earnings-related data on Transalta Corp. (TAC) click here.